Termination Payment definition

Termination Payment has the meaning set forth in Section 6.03.

Termination Payment is defined in Section 5.3.

Termination Payment shall have the meaning set forth in Section 9.3(b) hereof.

Examples of Termination Payment in a sentence

• The Non-Defaulting Party shall calculate, in a commercially reasonable manner and considering the full period of non-performance from the Early Termination Date through the date of the expiration of the Agreement’s Term, a Termination Payment amount as of the Early Termination Date.

• As soon as practicable after a termination, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party.

• The Termination Payment shall be made by the Party that owes it within two (2) Business Days after such notice is effective.

• If the Termination Payment is a positive amount, the Defaulting Party shall pay the Termination Payment to the Non-Defaulting Party.

• If the Defaulting Party disputes the owever, that if the Ter lting Party shall first of the Termination Payment, in whole or in pa two (2) Business Days of receipt of the Non- Termination Payment, provide to the Non- explanation of the basis for such dispute; provid Payment is due from the Defaulting Party, the to the Non-Defaulting Party an amount equal to the Termination Payment to be held in escrow pending the outcome of the dispute.

More Definitions of Termination Payment

Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

Termination Payment. The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount or Damage Payment Amount, as applicable, and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

Termination Payment as follows:

Termination Payment means the payment described in Section 13 herein;

Termination Payment has the meaning specified in Section 15.2(b).