Payment of Termination Compensation. In the event that the Partial Break-Fee or the Full Break-Fee becomes due and payable in accordance with Section 11.3, then:
(a) if the Partial Break-Fee becomes due under Section 11.3(a), the Partial Break-Fee shall be $6,550,000, payable by wire transfer of immediately available funds no later than two (2) Business Days after the date of such termination.
(b) if the Full Break-Fee becomes due under Section 11.3(b), the Full Break-Fee shall be $22,910,000, payable,
(i) in the case of Section 11.3(b)(i), on the date of consummation of such transaction, or
(ii) in the case of Section 11.3(b)(ii) or Section 11.3(b)(iii), no later than two (2) Business Days after the date of such termination, in each case, by wire transfer of immediately available funds; provided that, in the event Leo is obligated to pay the Partial Break-Fee and is subsequently obligated to pay to the Full Break-Fee, the amount of the subsequent payment of the Full Break-Fee shall be reduced by the amount of the Partial Break-Fee previously paid by Leo to Rover under this Section 11.4; provided, further, that in no event shall Leo be required to pay each of the Partial Break-Fee or the Full Break-Fee more than once.
Payment of Termination Compensation. (a) The Termination Compensation pursuant to this Agreement shall become due and payable to the Project SPV by the Authority within 30 Days of a demand being made by the Project SPV with the necessary particulars duly certified by an independent auditor. The Termination Compensation shall be paid by the Authority only upon transfer of the Project in accordance with Clause 25.
(b) If for any reasons other than those attributable to the Project SPV, the Authority fails to pay the Termination Compensation on the date due, the Authority shall be liable to pay default interest on the Termination Compensation in accordance with Clause 13.3, payable annually from such due date until the payment thereof.
Payment of Termination Compensation. 19.9.1 Termination Compensation for termination pursuant to Section 19.1 or Section
Payment of Termination Compensation and Attachment 13 (Compensation on Termination) of the Concession Agreement required to be made to the Concessionaire under the Concession Agreement to an account designated by the Agent.
Payment of Termination Compensation. 20.11.1 In the event there exists as of the expiration of the Term, any outstanding unpaid amount owing from IFA to Developer, or any outstanding, unsatisfied Claim for sums owing from IFA to Developer, including any unpaid Termination Compensation, then the terms and conditions of this Section 20.11 shall apply, and shall survive termination.
Payment of Termination Compensation. 20.11.1 If there exists as of the expiration of the Term, any outstanding unpaid amount owing from IFA to Developer, or any outstanding, unsatisfied Claim for sums owing from IFA to Developer, including any unpaid Termination Compensation, then the terms and conditions of this Section 20.11 shall apply, and shall survive termination.
20.11.2 IFA hereby covenants and agrees to use its best efforts to cause the General Assembly to appropriate amounts that will be sufficient to enable IFA to pay the Termination Compensation owed by IFA to Developer under this Agreement, including exhausting all available reviews and appeals if such amounts are not approved for appropriation. Further, IFA hereby covenants that it will do all things lawfully within its power to obtain and maintain funds from which to pay the Termination Compensation (including any interest thereon) owed by IFA to Developer under this Agreement, including, but not limited to requesting an appropriation in an amount sufficient to pay the Termination Compensation (including interest thereon) owed by IFA to Developer under this Agreement in writing submitted to the General Assembly at a time sufficiently in advance of the date for payment thereof so that an appropriation from the General Assembly may be made in the normal State budgetary process, using its bona fide best efforts to have such request approved, and exhausting all available reviews and appeals if such request is not approved. The Termination Compensation is a limited obligation of IFA, payable solely from amounts appropriated by the General Assembly for this purpose as described herein. The obligation of IFA to pay Termination Compensation does not constitute an indebtedness of the State or any political subdivision thereof within the meaning or application of any constitutional provision or limitation. The obligation of IFA to pay Termination Compensation does not constitute a pledge of the faith, credit or taxing power of the State or any political subdivision thereof within the meaning or application of any constitutional provision or limitation. IFA has no taxing power. Developer has no right to have taxes levied or compel appropriations by the General Assembly for any payment of the Termination Compensation.
Payment of Termination Compensation. The Grantor shall pay the Termination Compensation to the Concessionaire in either one or several instalments, at the discretion of the Grantor. Subject to the Concessionaire complying with its obligations under Article 45, the Termination Compensation shall be payable on the latest on a date referred to as the "Termination Compensation Due Date". The Termination Compensation Due Date shall be:
(a) if the circumstances provided in Article 44.3(a) occur: the date falling two (2) years after the Grantor has notified the Concessionaire its agreement with the amount of Termination Compensation;
(b) if the circumstances provided in Article 44.3(b) occur: the date falling two (2) years after the Independent Expert has made a decision; or
(c) if the circumstances provided in Article 44.3(c) occur: the date falling two (2) years after the Grantor has received the notice sent by the Concessionaire under Article 44.
Payment of Termination Compensation. Except as otherwise provided below, the Termination Compensation shall be paid in monthly installments over the twelve (12) months following the event giving rise to the payment of Termination Compensation. If employment termination is a result of the death of Xxxxxx, the initial Termination Compensation payments shall be made within fifteen (15) days after the personal representative of Xxxxxx' estate notifies the Company that Letters Testamentary have been issued to the estate appointing an authorized representative of the estate.
Payment of Termination Compensation. (a) The Termination Compensation pursuant to this Agreement shall become due and payable to the Project SPV by the Authority within 30 Days of a demand being made by the Project SPV with the necessary particulars duly certified by an independent auditor. The Termination Compensation shall be paid by the Authority only upon transfer of the Project in accordance with Clause 25.
(b) If, for any reasons other than those attributable to the Project SPV, the Authority fails to pay the Termination Compensation on the date due, the Authority shall be liable to pay default interest on the Termination Compensation in accordance with Clause 13.3, payable annually from such due date until the payment thereof.
Payment of Termination Compensation. The Grantor shall pay the Termination Compensation to the Concessionaire in one or several instalments on the latest on a date referred to as the "Termination Compensation Due Date". The Termination Compensation Due Date shall be:
