Execution Payment definition

Execution Payment shall have the meaning set forth in Section 5.4(a).
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Execution Payment shall have the meaning set forth in Section 3.2.
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Execution Payment is that payment which is specified in Schedule 3.
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Examples of Execution Payment in a sentence

  • Nothing contained in this Section shall permit modification of the Execution Payment, the Development Milestone Fee and Sales Milestone Fees pursuant to Article 3.

  • All cash settlements of cash liabilities shall take place between Holdings and Dresser at least ten (10) days prior to the date the related taxes are payable, whether for estimated taxes or otherwise, and upon execution of this Agreement for taxes due prior to the date of this Agreement ("Execution Payment").

  • In the event that the Product does satisfy the Quality Assurance Requirements, as mutually determined by the parties, on or before July 31, 2004, then (a) Licensee will pay that portion of the Execution Payment previously refunded to it as contemplated above and shall pay to Licensor the 2004 Payment.

  • In the event that the Product has not passed the Quality Assurance Requirements, as mutually determined by the parties, on or before July 31, 2003, then (i) Licensor will refund, no later than August 15, 2003, that portion of the Execution Payment that is in excess of the aggregate Licensor Costs ***, and (ii) Licensee will not be obligated to pay the 2004 Payment to Licensor.

  • As part of the consideration for the grant of rights by Nycomed to Sepracor under this Agreement, Sepracor agrees to make payment to Nycomed of an Execution Payment, Development Milestone Fee, and Sales Milestone Fees (individually, each an "Installment" and collectively, the "Installments"), in accordance with this Article 3.

  • It is expressly understood that the Execution Payment, the Development Milestone Fee and each Sales Milestone Fee paid by Sepracor shall neither be refundable nor refunded for any reason whatsoever.

  • The Execution Payment shall only be refundable to Purchaser in the limited circumstances as provided in Section 12.2 hereof, which shall be strictly construed.

  • On the Closing Date (as defined below), Purchaser shall pay the Purchase Price less the Execution Payment, plus or minus (as the case may be) the Estimated Purchase Price Adjustment (as herein defined) to Seller, in exchange for the Stock.

  • In the event Purchaser elects to close within 120 days of the Effective Date and provides a Letter of Credit, Purchaser will increase the Execution Payment by $60,000 to $240,000 (and pay such increase by wire transfer of immediately available funds to the account set forth on Annex A at the time of the provision of such Letter of Credit) and the Closing Payment will be reduced by the corresponding amount.

  • The Corporation shall pay (i) the Execution Payment in accordance with Section 1.1, (ii) on June 30, 2003, an installment of principal on this Note equal to $1,704,167 (or such lesser principal amount then outstanding), (iii) on June 30, 2004, an installment of principal on this Note equal to $1,704,167 (or such lesser principal amount then outstanding), and (iv) on June 30, 2005, the entire then outstanding principal amount of this Note.


More Definitions of Execution Payment

Execution Payment shall have the meaning set forth in Section 8.1. Confidential/Basilea Pharmaceutica International Ltd. & Correvio International Sàrl page 6 of 80 Distribution Agreement/Correvio International Sàrl
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Related to Execution Payment

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • 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.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Interim Payment has the meaning specified in Section 10.1.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Termination Payments has the meaning specified in Section 10(a).

  • Payment Amount has the meaning specified in Section 6.1.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Sale and Contribution Agreement means the Sale and Contribution Agreement, dated as of the Closing Date, among the Servicer, the Transferor and the Borrower, as such agreement may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.