Repayment Obligation definition

Repayment Obligation shall have the meeting set forth in Section 8(d).
Repayment Obligation shall have the meaning set forth in the recitals.
Repayment Obligation means the obligation, pursuant to paragraphs 3, 17, and 23(e) below, to return the dollar amount distributed from the Gross Settlement Fund before the Effective Date for Lead Counsel’s attorneys’ fees and expense reimbursement, plus interest on those amounts equal to what would have been earned had the amounts remained in the Gross Settlement Fund.

Examples of Repayment Obligation in a sentence

  • DCDC's members shall not be eligible for more favorable charges than the charges available to Exhibitor or any other exhibitor customer of DCDC, subject to the Repayment Obligation.


More Definitions of Repayment Obligation

Repayment Obligation has the meaning set forth in Exhibit 1 Prepayment.
Repayment Obligation has the meaning set forth in Section 3.2.3.
Repayment Obligation is defined in Section 12.14.
Repayment Obligation means the repayment of each DCDC member’s (a) aggregate capital contributions to DCDC, and (b) preferred return on such capital contributions accruing on such DCDC member’s unreturned capital contribution on a daily basis at the rate of 5% per annum.
Repayment Obligation an amount of money equal to the “Repayment Amount.” The Repayment Amount shall be the smallest such amount, if any, as shall be required to be paid to the Company so that the Executive’s net proceeds with respect to the Payments (after taking into account the payment of the Excise Tax imposed on such benefits) shall be maximized. Notwithstanding the foregoing, the Repayment Amount shall be zero if a Repayment Amount of more than zero would not eliminate the Excise Tax in accordance with the principles of Section 6(b)(i). If the Excise Tax is not eliminated through the performance of the Repayment Obligation, the Executive shall pay the Excise Tax. The Repayment Obligation shall be discharged within 30 days of either (A) the Executive’s entering into a binding agreement with the IRS as to the amount of Excise Tax liability, or (B) a final determination by the IRS or a court decision requiring the Executive to pay the Excise Tax from which no appeal is available or is timely taken. 7.
Repayment Obligation means the obligation, pursuant to ¶¶ 3(c), 17(b), and 22(c) of this Stipulation, of Class Counsel or any Plaintiff’s counsel, to return the dollar amount distributed from the Gross Settlement Fund before the Effective Date for attorneys’ fees and expense reimbursement, plus interest on those amounts equal to what would have been earned had the amounts remained in the Gross Settlement Fund.