Subject Payments definition

Subject Payments shall have the meaning provided in the definition of “Remaining Dividends Amount”.

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Subject Payments means, for any period, the aggregate amount of any (a) Restricted Payment made pursuant to Section 6.07(iii) or (b) Investments pursuant to Section 6.04(xiv) during such period.

Subject Payments means, collectively, the Devon Earn-Out Obligations, the First Contingent Payment (as defined in the XTO Acquisition Agreement) and the Second Contingent Payment (as defined in the XTO Acquisition Agreement).

Examples of Subject Payments in a sentence

For purposes of reducing the Payments to the Safe Harbor Amount, only the Subject Payments shall be reduced.
If the reduction of the Subject Payments would not result in a reduction of the Parachute Value of all Payments to the Safe Harbor Amount, no amounts payable under the Agreement shall be reduced pursuant to this Section 6.4(a), and the Gross-Up Payment shall be made to Executive.
If the reduction of the Subject Payments would not result in a reduction of the Parachute Value of all Payments to the Safe Harbor Amount, no amounts payable under the Agreement shall be reduced pursuant to this Section 6.1, and the Gross-Up Payment shall be made to Employee.
For purposes of reducing the Parachute Value of all Payments to the Safe Harbor Amount, only the Subject Payments shall be reduced.
The Gross-Up Payment shall be in an amount such that, after reducing the amount of the Gross-Up Payment by all applicable U.S. federal, state and local taxes (computed at the maximum marginal rates and including any interest or penalties imposed with respect to such taxes), including any Excise Tax imposed on the Gross-Up Payment, there remains an amount of Gross-Up Payment equal to the Excise Tax imposed on the Subject Payments.
The Gross-Up Payment shall be in an amount such that, after reducing the amount of the Gross-Up Payment by all applicable U.S. federal, state and local taxes (computed at the maximum marginal rates applicable to Executive), including any Excise Tax imposed on the Gross-Up Payment, there remains an amount of Gross-Up Payment equal to the Excise Tax imposed on the Subject Payments.
If the reduction of the Subject Payments would not result in a reduction of the Parachute Value of all Payments to the Safe Harbor Amount, no amounts payable under the Agreement shall be reduced pursuant to this Section 6.7(a), and the Tax Gross-Up Payment shall be made to Executive.
Notwithstanding anything in this Agreement to the contrary, the Corporation shall be entitled to an offset in the calculation of the Gross-Up Payment in the event the Executive is entitled to a Gross-Up Payment under any other arrangement with respect to all or any part of the Subject Payments.
Genentech shall make the Subject Payments in accordance with the foregoing unless and until otherwise directed by a written notice from the Escrow Agent or by a joint written notice from the Borrower and the Investor.
If at any time any Creditor determines that for any reason it has received more than its Pro Rata Share of Subject Payments, such Creditor shall notify in writing (an "Overpayment Notice") the other Creditors and the amount of each Creditor's Pro Rata Share of Subject Payments shall be redetermined under the first paragraph of this Section 2.

More Definitions of Subject Payments

Subject Payments shall have the meaning provided in the definition of “Remaining Available Amount”.

Subject Payments means, for any period, the aggregate amount of any (a) Restricted Payment madepursuant to Section 6.07(iii) or (b) Investments pursuant to Section 6.04(xiv) during such period.“Subject Prepayment Event ” has the meaning assigned to such term in Section 2.05(c) ..“Subordinated Indebtedness ” means any Indebtedness of any Loan Party that is by its terms subordinated inright of payment to the Obligations of such Loan Party arising under the Loans or the Guaranty Agreement, asapplicable, pursuant to a written agreement to that effect.-43-141683210_5 163765871_7 22-31184-1 C1.1 P65

Subject Payments means, for any period, the aggregate amount of any (a) Restricted Payment made pursuant to Section 6.07(iii), (b)

Subject Payments shall have the meaning provided in the definition of “Remaining Dividends Amount”. “Subordinated Indebtedness” shall mean any Indebtedness for borrowed money that is subordinated expressly by its terms in right of payment to the Obligations. “Subordinated Indebtedness Documentation” shall mean any document or instrument issued or executed with respect to any Subordinated Indebtedness. “Subsidiary” of any Person shall mean and include (a) any corporation more than 50% of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time

Subject Payments shall have the meaning provided in the definition of “Remaining Available Amount”.