Termination Sum definition

Termination Sum means (i) all expenses incurred by the Financiers and the Security Trustee, including, without limitation, those incurred in enforcing any right, power or remedy, (ii) the Prepayment Fee, (iii) all accrued and unpaid interest on the Notes, including interest on past due amounts at the Past Due Rate and PIK Interest and (iv) all outstanding principal of the Notes.
Termination Sum has the meaning given to such term in the Financial Schedule;

Examples of Termination Sum in a sentence

  • From the Notice Date until the date of payment, interest shall accrue on any unpaid element of the Termination Sum at the Senior Debt Rate and be payable on the next occurring Instalment Date.

  • If the Authority has elected to pay in accordance with Clause 50.13(b) above, it may (on 28 (twenty-eight) days prior written notice to the PPP Co) elect to pay any outstanding element of the Adjusted Estimated Fair Value of the Contract or the Base Senior Debt Termination Amount or Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in full on any Instalment Date.

  • If the Authority terminates this Agreement pursuant to Clause [•] (Corrupt Gifts) the Authority shall, subject to Clause [•] (Tax Equalisation) and [•] (Rights of Set-Off), pay to the PPP Co the Corrupt Gifts Termination Sum as such amount is determined pursuant to paragraph 2 of this Part 3 of [Clause 54 – Schedule B] (the “Corrupt Gifts Termination Sum”).


More Definitions of Termination Sum

Termination Sum has the meaning given to that expression in the Financial Schedule and shall include, for the purpose of this Lease (except the Financial Schedule), any Termination Fee;
Termination Sum means any sum payable for Project assets by the
Termination Sum has the meaning given in paragraph 6.1.4(e);
Termination Sum means any compensation payable by either Party to the other Party on an early termination of this Contract under Part X (Expiry and Termination) of this Contract;
Termination Sum means any compensation payable by either Party to the other Party on an early termination of this Contract (in whole or in part) under Part VIII (Termination) of this Contract;