Net Payments means an amount equal, at any time and from time to time and for each respective Subsidiary Guarantor, to the difference of (i) the sum of all payments made previous to or at the time of calculation by such Subsidiary Guarantor in respect to the Liabilities, as a Subsidiary Guarantor, and in respect of its obligations contained in this Guaranty, less (ii) the sum of all such payments previously returned to such Subsidiary Guarantor by operation of law or otherwise and including payments received by such Subsidiary Guarantor by way of its rights of subrogation and contribution under Section 2.08 of the other Guaranty.

Net Payments means an amount equal, at any time and from time to time and for each respective Borrower, to the difference of (i) the sum of all payments made previous to or at the time of calculation by such Borrower in respect of the Obligations and in respect of its obligations contained in this Agreement, less (ii) the sum of all such payments previously returned to such Borrower by operation of law or otherwise and including payments received by such Borrower by way of its rights of subrogation and contribution hereunder.

Net Payments means direct payments—

Examples of Net Payments in a sentence

In respect of any Net Payments, the Sellers shall promptly provide the Purchaser with a statement setting out details of the delivery, any payment received by the Company for the receipt of the delivery and the calculation of the Net Payment.

More Definitions of Net Payments

Net Payments. As to any Distribution Date and Loan Group or Subgroup, the sum of the Net Principal Payment Amount and the Net Principal Prepayment Amount for such Distribution Date and Loan Group or Subgroup.

Net Payments. Section 2(c)(ii) of the Agreement will apply.

Net Payments means, in respect of any deliveries of refined gold made by the Company to Nomad Royalty Company (or an Affiliate thereof) pursuant to the Gold Purchase Agreement which relate to an Offtaker Settlement (as such term is defined in the Gold Purchase Agreement) that occurred after the Economic Transfer Date and prior to the Closing, a net amount in cash equal to the market value of the aggregate refined gold (or metals credit) delivered by the Company minus any purchase price payment that the Company receives under the Gold Purchase Agreement as the purchase price payment for the delivery of the refined gold.

Net Payments means all revenue that you actually collect and receive from operating the Franchised Business, including all revenue received from the PC and/or pursuant to the Management Agreement, all services and products sold by you or the Franchised Business, all amounts that you receive at the Premises, and whether from cash, check, credit and debit card, barter exchange, trade credit, or other credit transactions, but excluding all federal, state, or municipal sales, use, or service taxes collected from customers and paid to the appropriate taxing authority. In the event the PC fails to pay you any revenues that it is obligated to pay you under the Management Agreement, the amounts that it fails to pay you shall nonetheless be included in the calculation of Net Payments.

Net Payments means the Consideration that Buyer or a Buyer Affiliate receives from Third Parties pursuant to a Qualifying License and that is attributable (as further described below) to Smart Antenna Intellectual Property or 802.11 Intellectual Property, minus Third Party commissions, taxes, direct expenses associated with the Qualifying Licenses (limited to travel and lodging costs associated with obtaining a Qualifying License on an unbundled basis and costs including attorneys’ fees, if any, related to enforcement or collection of a Qualifying License), the cost of packing, insurance, shipping and handling, applicable import, export and excise duties and sales tax (including VAT), and reduced by, returns, price protection credits, and trade discounts given to the customer in the normal course of business. Notwithstanding the foregoing, “Net Payments” shall equal, at a minimum, twenty five percent (25%) of such attributable Consideration. Consideration attributed to 802.11 Intellectual Property shall be calculated as follows:

Net Payments. All payments due Valley Springs shall not be reduced by any taxes, whether sales, use, ad valorum or otherwise, fees or other obligations, including royalties to third parties (all of which shall be the obligation of Hi-Tech), other than the payment by Valley Springs' members of income tax, which shall be paid by Valley Springs' members.