Reference Payment definition

Reference Payment has the meaning set forth in Section 8.2.2. -----------------
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Reference Payment shall have the meaning given such term in Section 4(a) of this Exhibit A.
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Examples of Reference Payment in a sentence

  • Upon such payment, AOLA, AOLB and Itau shall jointly execute and deliver to the Escrow Agent a Note Release Certificate instructing the Escrow Agent to release to Itau the Reference Payment Notes applicable to such Anniversary Date.

  • If Itau fails to make such payment to AOLA or AOLB (as designated by AOLA in its sole discretion), AOLA and AOLB shall be entitled to deliver the re-issued Audit Certificate (Reference Payments) to the Escrow Agent for the purpose of releasing the applicable Reference Payment Notes from escrow in accordance with the terms of the Escrow Agreement.

  • On and after the date, if any, that the Post-Breach Reference Payment Note is released to AOLB and AOLB, both the Pre-Breach Reference Payment Note and the Post-Breach Reference Payment Note, collectively, shall be deemed to be the Released Reference Payment Note.

  • For purposes of Section 11 hereof, unless and until the Post-Breach Reference Payment Note is released to AOLA and AOLB, the Pre- Breach Reference Payment Note shall be deemed to be the Released Reference Payment Note.

  • If at any time, any of the Termination Fee Notes are released from --------- escrow and delivered to AOLA, AOLB or Itau pursuant to the terms of this Escrow Agreement, then within three (3) Business Days thereafter, all of the Reference Payment Notes (Brazil) and the Reference Payment Notes (Caymans) shall be released from escrow and shall be delivered to Itau by hand delivery or by reputable overnight mail service.

  • On Account of Failure to ------------------------------------------------------------------- Pay Post-Breach Reference Payment.

  • Itau shall not be entitled to exercise its option to substitute a Substituted Reference Payment Note in accordance with the terms of this subsection unless Itau shall deliver such Substituted Reference Payment Note to AOLA and AOLB by hand delivery or by reputable overnight mail service within five (5) days of the delivery by the Escrow Agent of the Released Reference Payment Note to AOLA and AOLB.

  • Upon termination of the Agreement and payment of such Termination Fee (which Termination Fee shall be reduced by the amount of any Reference Payments Itau has paid to AOLA or AOLB for any Anniversary Date occurring after the Breach Date), Itau shall be relieved from the obligation to pay any Reference Payments for Anniversary Dates which occur after the Breach Date and Itau shall be required to pay a Type I Pro-Rata Reference Payment for the Anniversary Year in which the Breach Date occurs.

  • Both Substituted Reference Payment Notes shall be identical in all respects to the Released Reference Payment Note except that one of the Substituted Reference Payment Notes shall have a stated principal amount equal to the Pre-Breach Reference Payment, and one Substituted Reference Payment Note shall have a stated principal amount equal to the Post-Breach Reference Payment.

  • The making of such payment shall not entitle Itau to a release of any Reference Payment Note held in escrow pursuant to the terms of the Escrow Agreement.