Deferred Payment Obligation means such portion of any purchase price or other similar obligation due and owing for the purchase or acquisition of capital assets after the date of consummation of the underlying transaction or imposition of such obligation, in each case, establishing such deferred purchase price or other similar obligation; provided that “Deferred Payment Obligation” shall not include any amount due under a lease that is classified as an operating lease under GAAP.

Deferred Payment Obligation shall have the meaning set forth in Section 1.6 hereof.

Deferred Payment Obligation means the obligation of the L/C Issuer to make payment to a beneficiary arising under a Letter of Credit a fixed number of calendar days after such beneficiary presents the documents called for in such Letter of Credit and with respect to which a draft is not drawn by the beneficiary.

Examples of Deferred Payment Obligation in a sentence

The Deferred Payment Obligation and the Primary Obligations hereinafter collectively referred to as, the “Obligations”.
Immediately following the Spin-Off Sale, Deliverance will transfer the Deferred Payment Obligation to the Company and the Company will distribute the Deferred Payment Obligation to the Stockholders in redemption of some of their shares (the "Redemption").
The terms of the Spin-Off Sale include deferred payments to be made to Deliverance over a period of five years ("Deferred Payment Obligation").
For federal income tax purposes, the Deferred Payment Obligation should be treated - and, the following discussion assumes, would be treated - in a similar fashion to the receipt of an actual note amortizable over five years.
Pursuant to the Plan, the Deferred Payment Obligation provides for the annual payment of interest at a rate of 9.4%.

More Definitions of Deferred Payment Obligation

Deferred Payment Obligation as defined in the recitals to this --------------------------- Agreement.

Deferred Payment Obligation has the meaning given to the term “Deferred Payment Amount” in the Acquisition Agreement. It being understood that the Deferred Payment Subordinated Note will not be deemed to be part of the Deferred Payment Obligation.

Deferred Payment Obligation means, collectively, (i) the Deferred Payment Amount (as defined in the Purchase Agreement) and (ii) the Seller Note (as defined in the Purchase Agreement).

Deferred Payment Obligation has the meaning specified in the Base Indenture.

Deferred Payment Obligation has the meaning assigned to such term in the Letter of Credit.

Deferred Payment Obligation has the meaning assigned to such term in the definition of " Transactions." " " means , a corporation.

Deferred Payment Obligation means the obligation of Paperweight Development Corp. to pay Arjo Xxxxxxx North American Investments Ltd. approximately $321 million on the terms and conditions set forth in Schedule 2.3 of the Purchase Agreement by and among AWA, Arjo Xxxxxxx US Holdings Ltd., Arjo Xxxxxxx North American Investments Ltd., Paperweight Development Corp. and New Appleton LLC, dated as of July 5, 2001, excluding any refinancings thereof.