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.