Payment of Termination Amount. The Performing Party shall notify the Non-Performing Party of the Termination Amount due from or due to such Party. If the Non-Performing Party owes the Termination Amount to the Performing Party, the Non-Performing Party shall pay the Termination Amount on the second Business Day after it receives the statement. If the Performing Party owes the Termination Amount to the Non-Performing Party, the Performing Party shall pay the Termination Amount once it has reasonably determined all amounts owed by the Non-Performing Party to it under all Specified Transactions and its rights of close-out and setoff under Section 18.9.
Payment of Termination Amount. The Termination Amounts payable to the Executive pursuant to Sections 4.5 or 4.6 shall not be reduced in any respect in the event that the Executive shall secure or shall not reasonably pursue alternative employment following the termination of the Executive’s employment. Notwithstanding any provision hereof to the contrary, no Termination Amount will be paid to Executive to the extent that such payment would cause, or contribute to an excess parachute payment under Section 280G of the Internal Revenue Code of 1986, as amended.
Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds Six Million Six Hundred Thirteen Thousand Four Hundred Forty Eight Dollars ($6,613,448) (the “Termination Amount”). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.
Payment of Termination Amount. The Calculation Agent shall provide the other Party with written notification of the Slice Termination Payment, as calculated pursuant to this Section 16, as soon as practical after such amounts have been determined and shall provide the other Party with supporting documentation showing in reasonable detail the bids, quotations and other factors used in making such calculations. The amount owed after netting and setoff pursuant to Subsection (g) below shall be due within three (3) Business Days of delivery of such notice and payment shall bear interest at the Present Value Rate from the effective date of the notice of termination until the amount is paid in full. Payment shall be made in conformance with subsections 5(c) and (g) of this Contract.
Payment of Termination Amount. The Severance Amount payable to the Employee pursuant to Sections 4.2(b) shall not be reduced in any respect in the event that the Employee shall secure or shall not reasonably pursue alternative employment following the termination of the Employee's employment.
Payment of Termination Amount. (a) If this Agreement is terminated by Parent pursuant to Section 9.01(e), then the Company shall pay to Intermediate Parent (or its designee) the Termination Amount by wire transfer of same-day funds within two (2) business days following the date of such termination of this Agreement, in consideration for the disposition of Parent’s and Intermediate Parent’s rights under this Agreement.
Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds Twenty Three Million Seven Hundred Forty Eight Thousand Nine Hundred Thirty One Dollars ($23,748,931) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.
Payment of Termination Amount. (a) Where this Agreement is terminated as a consequence of a breach by the Customer, the Customer must pay to the Scheme Owner the Termination Amount.
Payment of Termination Amount. (a) In the event that the Company is obligated to pay Purchaser the Termination Amount pursuant to Section 12.2 (the "Section 12.2 Amount"), the Company shall pay to Purchaser from the applicable Section 12.2 Amount deposited into escrow in accordance with the next sentence, an amount equal to the lesser of (i) the Section 12.2 Amount and (ii) the sum of (A) the maximum amount that can be paid to Purchaser without causing Purchaser to fail to meet the requirements of Sections 856(c)(2) and (3) of the Code determined as if the payment of such amount did not constitute income described in Sections 856(c)(2)(A)-(H) or 856(c)(3)(A)-(I) of the Code ("Qualifying Income"), as determined by Purchaser's certified public accountants, plus (B) in the event Purchaser receives either (1) a letter from Purchaser's counsel indicating that Purchaser has received a ruling from the Internal Revenue Service (the "IRS") described in Section 12.3(b)(ii) or (2) an opinion from Purchaser's counsel as described in Section 12.3(b)(ii), an amount equal to the Section 12.2 Amount less the amount payable under clause (A) above. To secure the Company's obligation to pay these amounts, the Company shall deposit into escrow an amount in cash equal to the Section 12.2 Amount with an escrow agent selected by Purchaser and on such terms (subject to Section 12.3(b)) as shall be agreed upon by Purchaser and the escrow agent. The payment or deposit into escrow of the Section 12.2 Amount pursuant to this Section 12.3(a) shall be made within three days of the event which gives rise to the payment of the Section 12.2 Amount by wire transfer or bank check.
Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds, Two Hundred Thirty Million, Two Hundred Eighty Eight Thousand, Nine Hundred Sixty One Dollars ($230,288,961) (the “Termination Amount”). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.
