Second Anniversary Payment definition

Second Anniversary Payment means the payment of 25% of the amount of the Accepted Claim payable by Coalspur on or within two weeks of the Second Anniversary Distribution Date to a General Unsecured Creditor who has made an Installment Distribution Election subject to satisfaction of the Second Anniversary Condition;
Sample 1Sample 2Sample 3
Second Anniversary Payment means an amount equal to seventy percent (70%) of the Net Revenue earned by Federated on the Transferred Assets attributable to Tracked Clients for the Fiscal Year beginning on the day after the First Anniversary Date.
Sample 1Sample 2Sample 3
Second Anniversary Payment shall have the meaning ascribed to such term in Section 4.3(b).
Sample 1

Examples of Second Anniversary Payment in a sentence

  • In such event, the number of shares of Suburban Stock to be delivered shall have a fair market value equal to the First Anniversary Payment, Second Anniversary Payment, or Third Anniversary Payment, as appropriate.

  • During the period commencing on the Effective Date and continuing until the date on which the full Second Anniversary Payment is due (the “Collections Period”), Buyer shall keeps records as to the amount of cash actually received by Buyer on account of accounts receivable, work in progress and other amounts owed to any Subject Company based upon, related to, or arising out of agreements, transactions, acts or omissions occurring at or prior to the Effective Date (“Cash Collections”).

  • If the First Anniversary Payment is either zero or completely offset against obligations of Seller, then no obligation of Seller shall arise until after the Second Anniversary Payment is calculated.

  • In the event that the IPO Closing Date occurs prior to the payment of the First Anniversary Payment, the Second Anniversary Payment and/or the Third Anniversary Payment, then Purchaser shall pay to Seller by wire transfer of immediately available funds in US Dollars, immediately following the IPO Closing Date, the First Anniversary Payment, the Second Anniversary Payment and/or the Third Anniversary Payment (in each case only to the extent Purchaser has not previously paid such amounts to Seller).

  • No later than the ninety- -------------------------- fifth (95th) day following the second anniversary of the Closing Date, Suburban and Purchaser, jointly and severally, shall deliver the Second Anniversary Payment, if due.

  • The "PURCHASE PRICE" shall be the sum -------- of the Closing Payment, the First Anniversary Payment, the Second Anniversary Payment, and the Third Anniversary Payment.

  • If the Term extends beyond the Second Anniversary pursuant to Section 2 hereof, upon termination of the Extended Term, the Company shall determine the run rate synergies achieved on the termination date of such Extended Term and shall pay an amount equal to the corresponding Conversion Bonus less the amount of the First Anniversary Bonus Payment and the Second Anniversary Payment.

  • The Shareholders hereby appoint the Principal Shareholders as their representatives and agents (the "Shareholder Representatives") for all purposes --------------------------- related to the collection, receipt and disbursement of the Initial Payment, the First Anniversary Payment, and the Second Anniversary Payment.

  • Three Thousand Three Hundred Thirty-Three Dollars ($5,333,333) on the second anniversary of the date of this Agreement, (the "Second Anniversary Payment"), payable by wire transfer of immediately available funds to the Account.

  • At the discretion of the Company, all -------------- of the First Anniversary Payment, Second Anniversary Payment or Third Anniversary Payment may be paid in either shares of Suburban Stock or cash at the election of the Company, provided that such shares may be issued in each such case without registration under the Securities Act or state blue sky laws.


More Definitions of Second Anniversary Payment

Second Anniversary Payment shall have the meaning set forth in SECTION 2.1.1(c) of the Agreement.
Sample 1
Second Anniversary Payment an amount equal to the sum of:
Sample 1
Second Anniversary Payment is defined in Section 2.2(c).
Sample 1
Second Anniversary Payment means an amount equal to sixty percent (60%) of the Net Revenue attributable to each Eligible Account for the Fiscal Year beginning on the day after the First Anniversary Date.
Sample 1

Related to Second Anniversary Payment

  • First Anniversary means the first anniversary of the Closing Date.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Make-Whole Payment means, with respect to any Series 2015-1 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2015-1 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2015-1 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

  • Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Quarterly Valuation Date means the last Business Day of the last month of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing October 31, 2001.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Interim Payment has the meaning specified in Section 10.1.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • CONTRACT ANNIVERSARY The anniversary of the Contract Date.

  • Consolidated Rental Payments means, with reference to any period, all payments under all Operating Leases (including payments for leases which have been reserved against), net of any related income from subleases, in each case calculated for the Company and its Subsidiaries on a consolidated basis for such period.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).