Termination Payment definition

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 has the meaning set forth in Section 6.03.
Termination Payment is defined in Section 5.3.

Examples of Termination Payment in a sentence

  • Buyer shall calculate the Termination Payment by aggregating all Settlement Amounts into a single liquidated amount by summing the calculated Settlement Amount with respect to a Designated System across all Designated Systems.

  • For avoidance of doubt, the Non-Defaulting Party shall not owe any amount as Termination Payment to the Defaulting Party and payment of the Termination Payment shall only be from the Defaulting Party to the Non-Defaulting Party.

  • Termination Payment = $949,002.62 Step 3: Termination Payment is due to Buyer by Seller The Termination Payment, if any, is due to Buyer as the Non-Defaulting Party within twenty (20) Business Days following notice by Buyer to Seller pursuant to Section 10.3. Unless Seller pays the Termination Payment in full during this twenty (20) Business Day period, Seller’s Performance Assurance held by Buyer shall be applied to the Termination Payment, with any excess amounts returned to Seller.

  • The Non-Defaulting Party will calculate a Settlement Amount with respect to each Designated System and a Termination Payment with respect to this Agreement pursuant to Section 10.4 as of the Early Termination Date, and provide such calculation to the Defaulting Party by the Early Termination Date.

  • No Settlement Amount or Termination Payment shall be due from or to either Party as a result of any such termination.


More Definitions of Termination Payment

Termination Payment shall have the meaning set forth in Section 9.3(b) hereof.
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 amount payable by either Party to the other upon Termination in accordance with Article 23;
Termination Payment as follows:
Termination Payment means the payment described in Section 13 herein;
Termination Payment has the meaning specified in Section 15.2(b).
Termination Payment has the meaning set forth in Section 9.5(e).