Additional Payment Period definition

Additional Payment Period has the meaning given in Section 3.3.1.
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Additional Payment Period means, as to any Indemnitee, the period from and at all times after the earliest date (but not before January 1, 1991) as of which more than the then current Inclusion Rate of the interest on such Indemnitee's Note (or interest therein) is included in such Indemnitee's Federal Gross Income as a result of one or more Gross-Up Events until the earlier of (a) the latest date as of which no more than the current Inclusion Rate of the interest on such Indemnitee's Note (or interest therein) is included in such Indemnitee's Federal Gross Income and (b) payment in full of such Indemnitee's Note, together with accrued interest and premium (including Market Premium), if any, thereon.
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Additional Payment Period means the period beginning upon the date Licensee, an Affiliate or Sublicensee, as applicable, institutes or makes a Challenge, and ending upon (i) the conclusion of the Challenge if no Valid Claims remain in the country(ies) in which such Challenge was made or (ii) the termination or expiration of this entire Agreement, pursuant to the provisions of this Agreement, if at least one (1) of the claims within the Licensed Patent Rights remains a Valid Claim in the country(ies) in which such Challenge was made, provided that, notwithstanding anything to the contrary, nothing in Section 3.9 shall in any event be construed to require payment of any Additional Payments, Special Payments, or Gross-Up Amounts (or other amounts under Section 3 or Section 4) with respect to sales, revenue, or other activities or achievements in a particular country with respect to a particular Licensed Product following the expiration of this Agreement (and the royalty obligations hereunder) solely with respect to such Licensed Product in such country under Sections 3.8 and 12.1.
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Examples of Additional Payment Period in a sentence

  • In the event of a late Payment or Payment that is reversed after the Additional Payment Period, TSH has the right to immediately suspend or terminate the Agreement in accordance with Article 3.4(c).

  • In the event TSH is not able to collect or only able to partly collect a Payment on the Payment Date, or if the Payment is reversed after the Payment Date, TSH will send You a default notice for the relevant Payment providing You with an additional payment period of ten (10) Business Days (or fourteen (14) calendar days for Consumers) (Additional Payment Period).

  • Notwithstanding the delivery of a Disability Notice to the Executive, the Company shall continue to pay the Executive his normal monthly compensation as set forth hereinabove, for a period of six (6) months following delivery of the Liability Notice (the "Additional Payment Period"), provided however, that any income received by the "disabled" Executive during the Employment Period from any disability insurance provided to such Executive by the Company shall reduce the Company's obligations hereunder.

  • Such Additional Amount will be paid on the specified Additional Amount Payment Date during the Additional Payment Period, each as set out in the Final Terms.

  • In addition, during the Additional Payment Period, the Company shall be obligated to continue the benefits set forth in Section IV herein.

  • MP shall only be entitled to one Additional Payment Period hereunder; In the event that MP requires more than one Additional Payment Period, AOL shall have the right to immediately terminate this Agreement in addition to any other remedies it may possess hereunder.

  • If You fail to make the Payment within the Additional Payment Period, afine of EUR 250,- per month will be charged, regardless of the amount of the relevant late Payment and irrespective of TSH’s rights under Article 5.5, Article 3.4 (c) or any other rights TSH may have under the applicable law.

  • Following the Closing for a time period equal to at least the one-year anniversary of the Additional Payment Period, the Parent and the Stockholders shall cause the corporate legal status of the Parent to be maintained in good standing with the State of Delaware and in each foreign jurisdiction, if any, where registration or qualification is required by Law.

  • For clarity, upon expiration of the Additional Payment Period as provided in Section 3.9.4 below, Licensee shall no longer be obligated to pay the Gross-Up Amount or Special Payments, but, to the extent this Agreement remains in effect, shall still be required to continue paying the Base Payments to TSRI.

  • In addition to the Closing Payment and any Additional Payments made through the end of the Additional Payment Period as revised by Section 2(a) of this Amendment, Purchaser will make payments (each, a “Further Additional Payment” and collectively, the “Further Additional Payments”) to Sellers in the aggregate amount of Four Million Fifty-five Thousand Two Hundred Forty Dollars ($4,055,240), payable in accordance with paragraphs (i) through (iii) of this Section 2(c).


More Definitions of Additional Payment Period

Additional Payment Period has the meaning set forth in ‎Section 2.06(a)(ii).
Sample 1
Additional Payment Period means, as to any Indemnitee, the period from and at all times after the earliest date as of which more than the then current Inclusion Rate of the interest on such Indemnitee's Note (or interest therein) is included in such Indemnitee's Federal Gross Income as a result of one or more Gross-Up Events until the earlier of (i) the latest date as of which the then current Inclusion Rate or less of the interest on such Indemnitee's Note (or interest thereon) is included in such Indemnitee's Federal Gross Income and (ii) payment in full of such Indemnitee's Note, together with accrued interest and premium (including Market Premium), if any, thereon.
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Additional Payment Period shall have the meaning set forth in Exhibit F, Section (b).
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Additional Payment Period means as to any Indemnitee, the period from the earliest date as of which more than fifty percent (50%) of the interest on such Indemnitee's ESOP Term Note is included in such Indemnitee's Federal Gross Income as a result of one or more Gross-Up Events or, in the event that a Gross-Up Event occurs as a result of a change in the Code, the effective date of such change, until payment in full of such Indemnitee's ESOP Term Note, together with accrued interest thereon.
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Additional Payment Period means each of *** and the Sales Earnout Period.
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Related to Additional Payment Period

  • Non-Payment Period means, with respect to each series of AMPS, any period commencing on and including the day on which the Corporation shall fail to (i) declare, prior to the close of business on the second Business Day preceding any Dividend Payment Date, for payment on or (to the extent permitted by paragraph 2(c)(i) of these Articles Supplementary) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on shares of AMPS payable on such Dividend Payment Date or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any redemption date for any shares of AMPS called for redemption, the Mandatory Redemption Price per share of such AMPS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Payment Period means the three months following each Collection Quarter.

  • Expected Final Payment Date means the March 2023 Distribution Date.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Extended Interest Payment Period shall have the meaning set forth in Section 4.1.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2023-A Early Amortization Event is deemed to occur and ending on the Series Termination Date.