Termination Payment definition

Termination Payment has the meaning set forth in Section 7.3(c).

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Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

Termination Payment is defined in Section 5.3.

Examples of Termination Payment in a sentence

• The Corporation shall not, without the prior written consent of each Partner Representative, take any action that has the primary purpose of circumventing the achievement or attainment of any Tax Benefit Payment or Early Termination Payment under this Agreement.

• Employee expressly acknowledges and agrees that Employee would not be entitled to the Termination Payment, or any portion thereof, but for Employee’s entry into this Agreement and compliance with the terms herein.

• If the Corporation chooses to exercise its right of early termination under Section 4.01 above, the Corporation shall deliver to each Partner notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporation’s intention to exercise such right and showing in reasonable detail the calculation of the Early Termination Payment.

• The right to receive the Buyer Termination Payment shall not limit or otherwise affect the Seller’s or the Company’s right to specific performance as provided in Section 10.13 or any remedies under the Confidentiality Agreement; provided that under no circumstances shall the Seller or the Company be permitted or entitled to receive both a grant of specific performance that results in the Closing occurring and the Buyer Termination Payment or other monetary damages being paid.

• The Termination Payment shall be payable in a single lump sum cash payment on the Company’s first regularly scheduled pay date following the end of the Confirming Release Revocation Period.

More Definitions of Termination Payment

Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

Termination Payment. The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount or Damage Payment Amount, as applicable, and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

Termination Payment shall have the meaning set forth in Section 9.3(b) hereof.

Termination Payment means the amount payable by the Concessioning Authority to the Concessionaire upon the termination of this Concession Agreement.

Termination Payment has the meaning specified in Section 15.2(b).

Termination Payment as follows: