Payment in Kind definition

Payment in Kind has the meaning given to it in Section 11.1 of the Intercompany Loan Agreement;

Payment in Kind has the meaning given to it in Section 2(b).

Payment in Kind means any payment other than cash made or owing to the farm worker, to a value agreed to in either a contract of employment, collective agreement , provided that the agreed value may not be less than the cost to the employer or farm owner of providing the payment in kind;

Examples of Payment in Kind in a sentence

• Any such sale or Payment in Kind will be subject to the condition that the Asset Coverage Test is satisfied after the receipt or deemed receipt of the proceeds of such sale or Payment in Kind and repayment, after giving effect to such repayment.

• Because the Securities payable in kind shall be issued in the name of the Determined Person on the date of the First Round with Payment in Kind, time at which the relevant property or part thereof will not have been transferred to the Trust, there is a risk that the Determined Person fails to transfer the property or part thereof to the Trust, despite being registered with DECEVAL as owner of the Securities.

• If the Trust fails to comply any of the promises of Purchase-and-Sale executed in furtherance of a Payment in Kind transaction, the Trust would be required to pay the penalty clause agreed to under the relevant contract.

• If, prior to the service of an Asset Coverage Test Breach Notice or a Notice to Pay, a Demand Loan Repayment Event has occurred or the Issuer has demanded that the Demand Loan be repaid, the Partnership may either (a) sell Selected Loans in accordance with Schedule 9, subject to the rights of pre-emption enjoyed by the Seller to purchase the Selected Loans pursuant to the terms of the Mortgage Sale Agreement, or (b) make a Payment in Kind in accordance with the terms of the Intercompany Loan Agreement.

• Any Determined Persons participating in the First Round with Payment in Kind will bear the risk that the Trust fails to instruct the Determined Persons’ direct depositors to issue the order to unblock the Securities delivered as part of the payment of the Determined Persons’ real estate assets or that DECEVAL fails to unblock said Securities upon receiving the order to unblock them.

More Definitions of Payment in Kind

Payment in Kind means the payment to be made by the Borrower to the Lender on the Maturity Date in the amount of five percent (5%) of the original principal amount of the Loan. “Additional PIK” means the amount of 20% of the original principal amount of the Loan to be paid by the Borrower to the Lender in the event that the Loan is not repaid in full on the Maturity Date or upon the occurrence of an Event of Default, unless otherwise agreed to in writing by the Borrower and Lender.

Payment in Kind. Date The meaning given in Section 11.1(c) of the Intercompany Loan Agreement

Payment in Kind means any payment other than cash made or owing to the farm worker, to a value agreed to in either a contract of employment, collective agreement , provided that the agreed value may not be less than

Payment in Kind means the Trust’s power to receive as consideration for the Securities offered in the First Round with Payment in Kind, the transfer of any relevant property or properties, or any part thereof.

Payment in Kind means the payment in kind of light crude oil (gravity not less than 30.0 API or as otherwise provided under the Barter Agreement) stipulated under the Barter Agreement for services performed under the Contracts and all subsequent related drilling contracts at a price for such light crude oil which is discounted by 30% below the stated market value of such light crude oil at the time of the due date of such payments as quoted on NYMEX; and (ii) an additional related discount, as adjusted from time to time, based on market conditions and destinations.

Payment in Kind. Notice The meaning given in Section 11.1(c) of the Intercompany Loan Agreement Payment Ledger The ledger on the GDA Account of such name maintained by the Cash Manager pursuant to the Cash Management Agreement (or, if applicable, the ledger of such name maintained by the Standby Account Bank pursuant to the Standby Bank Account Agreement) to record the credits and debits of Available Revenue Receipts and Available Principal Receipts for application in accordance with the applicable Priority of Payments Perfect In respect of any relevant Loan and its Related Security in the Portfolio, delivery of notice to the Borrower of the sale, assignment and transfer of such Loan and its Related Security to the Guarantor and a direction to make all future repayments of the Loan to the Standby Account Bank for the account of the Guarantor by the Seller or, as necessary, by the Guarantor (or the Servicer on behalf of the Guarantor) on behalf of the Seller (under applicable powers of attorney granted to the Guarantor) to the Guarantor of such Loan and its Related Security and if required on the advice of counsel to the Guarantor (or the Servicer on its behalf) to perfect an interest in such Loan and its Related Security, registration of the transfer of legal title to the Mortgages in the appropriate land registry office, land titles office or similar office of public registration for the location where the relevant real property is located and Perfect and Perfection shall have corresponding meanings Performing Eligible Loans The meaning given in Schedule 2 (Asset Coverage Test) to the Guarantor Agreement Permanent Bearer Global Covered Bond A Permanent Global Covered Bond in bearer form Permanent Global Covered Bond A global covered bond substantially in the form set out in Part 2 of Schedule 2 (Forms of Global and Definitive Covered Bonds, Coupons and Talons) to the Trust Deed with such modifications (if any) as may be agreed between the Issuer, the Principal Paying Agent, the Bond Trustee and the relevant Dealer(s) or Lead Manager (in the case of syndicated issued), together with the copy of the applicable Final Terms Document annexed thereto, comprising some or all of the Covered Bonds of the same Series, issued by the Issuer pursuant to the Program Agreement or any other agreement between the Issuer and the relevant Dealer(s) relating to the Program, the Agency Agreement and the Trust Deed in exchange for the whole or part of any Temporary Global Covered Bond issued i...

Payment in Kind with respect to any PIK Dividend Payment Date, means the issuance by the Company to each Holder of Series A Preferred Stock that number of additional shares of Series A Preferred Stock that have a Stated Value, as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares, equal to the amount of accrued PIK Dividends on such Holder’s shares of Series A Preferred Stock outstanding as of such PIK Dividend Payment Date. Notwithstanding anything to the contrary contained herein, each Redemption Amount, Liquidation Preference and the number of shares of Series A Preferred Stock convertible hereunder shall be increased in accordance with this Certificate of Designations for all accrued and unpaid PIK Dividends, regardless of whether there has been any Payment-in-Kind with respect thereto.