QC Payments definition

QC Payments has the meaning set forth in Section 1.7(A).
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Examples of QC Payments in a sentence

  • Purchaser and Sellers shall have entered into a written amendment to this Agreement (the "QC Amendment") providing for an additional schedule of per unit QC Payments to be made by Purchaser to Sellers in respect of products to be sold by or on behalf of Purchaser or its Affiliates through retail distribution channels.

  • For purposes of determining the QC Payments earned pursuant to this Section 1.7, a product will be deemed to be manufactured no later than five (5) business days after such product is made available for Purchaser or any of Purchaser's Affiliates or designees to take immediate possession.

  • The QC Payments shall be made to the Sellers' Designee, who shall distribute such payments on a pro rata basis as set forth on Schedule 1.5(A) to the applicable Sellers for application to amounts outstanding under the Notes in accordance with such Notes.

  • In addition to such terms and conditions as Purchaser and Sellers may mutually agree upon as contemplated by Section 4.11, such written amendment shall provide that these QC Payments shall be payable in addition to any QC Payments payable to Sellers pursuant to Section 1.7 and shall be applied to amounts outstanding under the Notes in the same manner as the Notes provide with respect to the QC Payments payable pursuant to Section 1.7.

  • The Sellers will earn the QC Payments each time a unit of one of the products listed below is manufactured by, for, or on behalf of the Purchaser or any of its Affiliates.

  • In addition to such terms and conditions as Purchaser and 37 Sellers may mutually agree upon as contemplated by Section 4.11, such written amendment shall provide that these QC Payments shall be payable in addition to any QC Payments payable to Sellers pursuant to Section 1.7 and shall be applied to amounts outstanding under the Notes in the same manner as the Notes provide with respect to the QC Payments payable pursuant to Section 1.7.

  • Purchaser will make all QC Payments hereunder as such QC Payments are earned.

  • Purchaser will make all QC Payments hereunder on a monthly basis in arrears on or before the twenty-fifth (25th) day of each calendar month as such QC Payments are earned for the preceding calendar month.

  • The full amount of the unpaid QC Payments due to the Lenders for the period from June 30, 2005 through the Closing Date (the “Pre-Agreement Period”) shall be subject to confirmation by the parties based on the relevant documentation.

  • The Sellers will earn the QC Payments set forth on the QC Payment Schedule each time a unit of one of the products listed on the QC Payment Schedule below is manufactured.

Related to QC Payments

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • Periodic Payments means all installments or similar recurring payments that Borrower may now or hereafter become obligated to pay to Bank pursuant to the terms and provisions of any instrument, or agreement now or hereafter in existence between Borrower and Bank.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Payments has the meaning set forth in Section 6.12.1.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.