Tier 2 Payment definition

Tier 2 Payment means all amounts paid or otherwise owing to PSL under the Paybridge Contract with respect to revenues generated as fees and/or float for clients referred to PayBridge by other service providers that were introduced to PayBridge by PSL.
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Examples of Tier 2 Payment in a sentence

  • For the avoidance of doubt, payments from a third party to Alexza for reimbursement of employee costs, out-of-pocket expenses, costs of clinical trial materials, toxicology studies and clinical trials shall not be considered a Tier 1 Payment, Tier 2 Payment or Tier 3 Payment for purposes of this Agreement.

  • A Settlement Class member who elects to pursue Expedited Arbitration may not re-elect to receive a Tier 1 or Tier 2 Payment, regardless of whether the payment otherwise available under those Tiers would have been greater than that ultimately awarded by the Arbitrator.

  • In the event that claims made pursuant to Paragraphs 12 and 13 otherwise would require AOL to make aggregate cash payments in excess of five million dollars ($5,000,000), AOL will make a cash payment of five million dollars ($5,000,000), and the cash payments to those entitled to cash payments pursuant to Paragraphs 12 and 13 will be reduced on a pro rata basis in proportion to the monetary value of each Settlement Class member’s Tier 1 or Tier 2 Payment or Arbitration Award.