Additional Termination Payment definition

Additional Termination Payment means the amount payable upon termination in respect of Specified Assets, if any, as limited by the provision of Clause 17.8;
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Additional Termination Payment means the amount, if any, payable upon Termination, on account of the Adjusted Depreciated Value of the initial cost of the project,
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Additional Termination Payment means the amount, if any, payable upon Termination, on account of the Adjusted Depreciated Value of Specified Assets, as further limited by the provisions of Clauses 9.19.1, 9.19.2 and 9.19.3, as the case may be;
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Examples of Additional Termination Payment in a sentence

  • If six (6) months following the termination, the Executive has not obtained employment with similar salary, benefits and responsibilities as described herein, the Executive shall receive as an additional termination settlement an amount equal to six (6) month's salary (the "Additional Termination Payment"); provided, however, such Additional Termination Payment shall be mitigated by the amount of salary the Executive shall receive during such additional six (6) month period.

  • If the termination is due to a Concessioning Authority Event of Default, the compensation payable by the Concessioning Authority shall be equal to the aggregate of (i) Debt Due plus (ii) 150% (one hundred and fifty percent) Equity (iii) 115% (one hundred and fifteen per cent) of the amount representing the Additional Termination Payment.

  • If 200 Crossing is unable to obtain such approval on or before the Termination Date, NMS shall make the Additional Termination Payment by paying 9/90 Crossing equal monthly installments in the amount of $22,727.84, commencing on May 1, 2009 and on the first day of each calendar month thereafter through and including April 1, 2011, representing the monthly amount necessary to amortize the Additional Termination Payment over a two-year payment period at an 8.5% per annum interest rate.

  • For Fiscal 1998, the "Additional Termination Payment" shall be defined as the sum of the OP Incentive and the Orders Incentive determined in accordance with this Amendment multiplied by a fraction having as its numerator the number of months actually worked by Consultant between December 1, 1997 and November 30, 1998 before notice of termination is given to Consultant, and having as its denominator the number twelve (12).

  • Only in the case of the Company providing notice to terminate this Agreement, the Manager acknowledges and understands that in order to be eligible to receive an additional termination lump sum of 12 months Fixed Fee at the end of the notice period (the “Additional Termination Payment”) the Manager agrees to sign a waiver and release agreement in form acceptable to the Company in exchange for the payment of such Additional Termination Payment.

  • MTI shall withhold from the Additional Termination Payment all applicable payroll taxes, including federal and state income taxes, as well as other authorized deductions.

  • Upon the execution of this Agreement by both parties, MTI shall also pay to Ruskin (i) sales commissions ("Additional Termination Payment") due through SEPTEMBER 30, 2001 AND/OR ALL FY 2002 Q2 SHIPMENTS.

  • Termination Payment, (not being Additional Termination Payment), due and payable under this Agreement shall be limited to the Debt Due and Adjusted Equity, as the case may be, which form part of the Total Project Cost in accordance with the provisions of this Agreement.

  • For the avoidance of doubt, no Termination Payment or Additional Termination Payment shall be payable under any circumstances if this Agreement terminates pursuant to this Section 2.2; provided furthermore that, to the extent X.


More Definitions of Additional Termination Payment

Additional Termination Payment. Additional Termination Payment due and payable in respect of Specified Assets, which are constructed, acquired or installed after the 5th (fifth) anniversary of COD, but before the [15th (fifteenth)] anniversary thereof, shall be limited to the lowest of: ) (i) Adjusted Depreciated Value thereof; (ii) the replacement value thereof, as assessed by an Approved Valuer, who shall be selected and appointed by Railways, within 15 (fifteen) days of Termination, for submitting his assessment within 30 (thirty) days of his appointment hereunder; and (iii) [20% (twenty per cent)] of the sum of Total Project Cost and Equity Support, if any.
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Additional Termination Payment means, with respect to a Product Delivery Termination Date that results from a Termination Payment Event where the Additional Termination Payment is designated in Exhibit F as applying, the net present value sum as of such Early Termination Payment Date of a stream of Monthly values for each Month that would have remained in the then-current Reset Period had such Early Termination Payment Date not occurred, with each such Monthly value equal to (A) the quantity of Energy (in MWh) that Seller would have been required to deliver during such Month if Seller was delivering only Base Quantities, multiplied by (B) $0.50/MWh. The net present value sum shall be calculated (i) assuming each such future Monthly value would have been realized on the last day of the Month, (ii) using a 30/360 day basis, and (iii) using the standard present value formula (present value = future value
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Additional Termination Payment means the amount payable upon Termination in respect of Specified Assets, if any, as limited by the provisions of Clause 32.4.3;
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Additional Termination Payment means an amount equal to $70,000,000 (Seventy Million Dollars) in immediately available funds.
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Related to Additional Termination Payment

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • 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.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Termination Payment has the meaning set forth in Section 6.03.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Accrual Termination Date Not applicable.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Normal Termination means termination of employment or service with the Company and Affiliates: (i) by the Optionee; (ii) upon retirement; (iii) on account of death or Disability; or (iv) by the Company, a Subsidiary or Affiliate without Cause.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Compensation Accrued at Termination means the following:

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Agreement Termination Date is defined in Section 7.4.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).