Trigger Payment definition

Trigger Payment has the meaning specified in Section 8.2(a) hereof.
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Trigger Payment means an aggregate payment in one (1) lump sum within thirty (30) days following any Trigger Event totaling an amount equal to the sum of (x) three times annual Employee's Base Salary in effect at the time of the Trigger Event, and (y) the average of Bonus payments made by the Company to the Employee in respect of the two (2) calendar years immediately preceding such Trigger Event.
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Trigger Payment means the $5,000,000 payment SPI agrees to make to Streeterville on the earlier of the following: (i) within five (5) business days of the closing of the SolarJuice IPO; (ii) within seven (7) calendar days of the date that SolarJuice is listed for trading; or (iii) on or before 31 May 2024;
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Examples of Trigger Payment in a sentence

  • Demand for the Trigger Payment shall be given by notice in accordance with the provisions of Section 17 hereof.

  • The Trigger Payment shall be paid to OPTION HOLDER by OPTION GRANTOR on the Payment Date (as defined herein), by wire transfer of immediately available funds to an account to be designated in writing by OPTION HOLDER not less than two business days before the Payment Date.

  • OPTION GRANTOR shall have no obligation to pay the Trigger Payment if OPTION HOLDER is in material breach of any of its representations or warranties, or in material breach of any of its covenants or agreements, contained in this Agreement or in the Merger Agreement.

  • In the event Danka pays GE Capital the Termination Fee pursuant to this Section 7.5, then the parties agree that Danka shall not be also obligated to GE Capital in respect of a Trigger Payment that would otherwise be payable pursuant to this Agreement in connection with any Measurement Period which Measurement Period is included in the calculation of the amount of such Termination Fee.

  • In respect of any Look Back Measurement Period to which there is applicable a Carry Back Volume Credit, GE Capital shall pay to Danka a Trigger Payment Return in an amount equal to the lesser of (i) the Trigger Payment previously received by GE Capital from Danka in respect of such Look Back Measurement Period and (ii) the product of 4.75% multiplied by an amount equal to the Carry Back Volume Credit for such Look Back Measurement Period.

  • Notwithstanding the forgoing, the payment of the Trigger Payment (as defined in the Term Loan Agreement) shall not cause any adjustment to the Exercise Ratio.

  • The Employment Term shall terminate on the date of Employee's death, in which event Employee's salary, any unpaid Trigger Payment that had earlier accrued, Employee's benefits, and reimbursable expenses owing to Employee through the date of Employee's death shall be paid to her estate.

  • If Purchaser and Seller agree to a Trigger Payment, such amount shall be paid by Seller to Purchaser concurrently with the Trigger Event , or as soon thereafter as is practicable (but not later than sixty (60) days after the Trigger Event occurred; the date on which the payment occurs being referred to as the "Trigger Payment Date".

  • Commencing on the first day of the month after the Amortization Trigger Date, the Company shall commence payment of the Trigger Date Accrued Interest in twelve (12) monthly installments (the “Monthly Trigger Payments”), with each additional Monthly Trigger Payment due on the 1st day of each month thereafter.

  • The Employment Term shall terminate on the date of Executive's death, in which event Executive's salary owing to Executive through the date of Executive's death, any unpaid Trigger Payment that had earlier accrued, Executive's benefits owing to Executive through the date of Executive's death, and reimbursable expenses owing to Executive through the date of Executive's death shall be paid to his estate.


More Definitions of Trigger Payment

Trigger Payment shall have the meaning provided in the Priming Facility Credit Agreement.
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Trigger Payment shall have the meaning provided in Section 8.16(d).
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Trigger Payment means the $2,100,000 payment SP/ agrees to make to Streeterville on the earlier of the following: (i) within five (5) business days of the closing of the SolarJuice /PO; (ii) within seven (7) calendar days of the date that SolarJuice is listed for trading; or (iii):
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Related to Trigger Payment

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Trigger Period means the period commencing 60 days prior to the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change).

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Excess Cash Flow Payment Date means the date occurring ten (10) Business Days after the date on which the Borrower’s (or Parent Company’s) annual audited financial statements are required to be delivered pursuant to Section 9.01(b) (or Section 9.01(c)) (commencing with respect to the fiscal year ending December 31, 2021).

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.