Restructuring Payment definition

Restructuring Payment means the Aggregate First Out Waterfall Restructuring Payments and/or the Last Out Waterfall Restructuring Payment, as the context may require.

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Restructuring Payment means a payment in an amount equal to the sum and total of all Annual Restructuring Payments due Tacoma from Cascade in accordance with Section 9 (Restructuring Payment), which such amount is, as of the Effective Date, the amount due and owing Tacoma from Cascade to fairly and reasonably compensate Tacoma ratepayers for regional investments made in reliance on Cascade's full and satisfactory performance of its obligations arising under the 2005 Water Supply Agreement. The Restructuring Payment is an amount determined by the Parties to be reasonably related to, and is in lieu of, the performance of obligations heretofore required of Cascade under Subsection 9.2 of the 2005 Water Supply Agreement. The Restructuring Payment is not a payment made pursuant to a wholesale "rate" or derived from any such rate, charge or fee for the sale of water to Cascade or to any other Person. The Restructuring Payment is not due or made pursuant to a sale of water, nor is such payment made in consideration of, dependent or contingent upon, or in any way connected with, the sale of water to Cascade or to any other Person.

Restructuring Payment means the Restricted Payment to be made on the Closing Date in connection with the Restructuring Transactions as contemplated by the Registration Statement (under the heading "Use of Proceeds") in an aggregate amount not exceeding $320 million.

Examples of Restructuring Payment in a sentence

The information with respect to the Mortgage Loans and Servicing Rights included in the March Data Tape (solely with respect to Servicing Rights with respect to which the Seller has received the related Lump-Sum Payment (as defined in the Master Agreement) or the related Fee Restructuring Payment (as defined in the New RMSR Agreement)) and the Data Tape provided to the Purchaser with respect to such Transfer Date, are true and accurate in all material respects as of the dates specified therein.
The information with respect to the Mortgage Loans and Servicing Rights included in the March Data Tape (solely with respect to Servicing Rights with respect to which the Seller has received the related Settlement Payment or Fee Restructuring Payment (each as defined in the Master Agreement)) and the Data Tape provided to the Purchaser with respect to such Transfer Date, are true and accurate in all material respects as of the dates specified therein.
Holdings’ option to pay Seller an amount equal to the Fee Restructuring Payment in respect of any Group as described above is referred to herein as the “Fee Restructuring Payment Option”.
For the avoidance of doubt, to the extent that no Event of Default has occurred and is continuing, the Parent shall be permitted to make the McKesson Restructuring Payment in accordance with the terms of the McKesson Restructuring Agreement as in effect on the date hereof.
In such a circumstance, Holdings shall pay the Fee Restructuring Payment by wire transfer of immediately available funds prior to the end of the Option #1 Exercise Deadline to Seller’s account in the USVI pursuant to written instructions to be provided by Seller.
The payment of the Last Out Waterfall Restructuring Payment shall be made without deduction for any taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any national, state or local taxing authority, or will be grossed up by the Loan Parties for such amounts.
The Loan Parties’ obligation to pay the Last Out Waterfall Restructuring Payment will not be subject to any counterclaim or setoff for, or be otherwise affected by, any claim or dispute any Loan Party may have.
Upon not less than fifteen (15) days' advance notice to Tacoma, Cascade may in any given year during the Term prepay without penalty any one or more of the next successive Annual Restructuring Payments to become due pursuant to the Payment Schedule, and any amounts so prepaid shall be applied by Tacoma to the next successive Annual Restructuring Payment to become due and payable pursuant to the Payment Schedule.
Thereafter, each year of the Term, an Annual Restructuring Payment shall due and payable by Cascade to Tacoma on or before January 15th of the year in which such payment is due.
A Party shall not be in breach of this Agreement as a result of such Party's failure to perform its obligations under this Agreement, other than the obligation to pay the Restructuring Payment or any other money when due and owing, when such failure is due to an Uncontrollable Force, to the extent that such Party, despite the exercise of reasonable due diligence, is unable to remove such Uncontrollable Force.

More Definitions of Restructuring Payment

Restructuring Payment has the meaning specified in Section 1.4 of the Restructuring Support Agreement.

Restructuring Payment means the difference between (i) the amount to be paid by the Issuer in respect of its acquisition of the New Bonds on the Restructuring Effective Date and (ii) the amount to be received by the Issuer in respect of its sale of the Original Bonds on the Restructuring Effective Date.