TK Payment definition

TK Payment has the meaning set forth in Section 2(c) below. "Waiver Letter" means the letter agreement dated June 15, 2001 between the Seller and Coach Inc.
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Examples of TK Payment in a sentence

  • At the Closing the Buyer shall determine the allocation of the amount of the TK Payment among (i) the repayment of the TK Investment, (ii) the distribution of all accrued Net Profits and Net Losses, and (iii) the termination payment to compensate TK Investor No.2 for loss of benefit under TK Agreement No.2.

  • In connection with the default by T▇▇▇ ▇▇▇▇▇ under the TK Lease, T▇▇▇ ▇▇▇▇▇ has established an account (the "TK Payment Account") and authorized Seller to withdraw therefrom current weekly installments of Fifteen Thousand and No/100 Dollars ($15,000.00) for payment of minimum rent, estimated triple-net charges and marketing fee under the TK Lease (the "TK Rent Payment").

  • The assignment of the TK Lease to Buyer at Closing will include an assignment of all right and interest of Seller to make such monthly withdrawals of the TK Rent Payment from the TK Payment Account.

Related to TK Payment

  • Delta Payment means as it is described in this Agreement.

  • Stock Payment means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Cash Payment has the meaning ascribed to it in Section 2.5.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.