Advance Payment Credit definition

Advance Payment Credit means the sum of all payments credited to contributions for future fiscal years, less sums deducted to pay contributions, together with interest credited thereon.
Advance Payment Credit has the meaning ascribed to it in Section 4.1.2.
Advance Payment Credit means an amount equal to the Advance Payment Amount divided by the total Novavax Doses, which shall be USD [***] per Novavax Dose unless notice is given by Gavi pursuant to Clause 2.2;

Examples of Advance Payment Credit in a sentence

  • Unused Advance Payment Credit: The Advance Payment Credit (initially $5,000,000) will be reduced by the value of shares subscribed for by Lind and SBC during the Term.

  • These two identical CDs should be titled “ For Public Release: Redacted Version of [Name of Successful Respondent]’s Offer and Appendix.

  • Shares Issued at Maturity: If any amount of the Advance Payment Credit is unused at the end of the Term, the Company will issue shares to Lind and SBC to the extent that no amount of the Advance Payment Credit remains unused.

  • It is clear that a number of important details surrounding the implementation of the new financial arrangements have yet to be agreed between the Scottish and UK Governments, in particular the methodology for adjusting the block grant to ensure the principle of “no detriment” is achieved.

  • Company Buy-Back Right: the Company may elect to repay the entire Unused Advance Payment Credit at any time with a 5% premium, by providing notice to Lind and/or SBC Global Investment Fund.

  • As stated in section 1, the Company has entered into the Subscription Agreements whereby it has received $4,550,000 as the Advance Payment, in return for the Options and the Advance Payment Credit, which may be used to subscribe to Placement Shares during the Term.

  • Overview: Lind and SBC Global Investment Fund have pre-paid a total of $4,550,000 (Advance Payment)), in return for the Options and a credit amount worth $5,000,000 (Advance Payment Credit), which may be used to subscribe to shares during the Term (Placement Shares).

  • If a default event occurs that is incapable of being remedied the Investor may require the Company to repay the Unused Advance Payment Credit.

  • Greater involvement would be expected to increase the value and impact of the research.

  • Rights of Investor upon default: if a default event occurs that is incapable of being remedied the Investor may require the Company to repay the Unused Advance Payment Credit.


More Definitions of Advance Payment Credit

Advance Payment Credit shall have the meaning specified in Section 7.5.
Advance Payment Credit in respect of any payment shall mean the number equal to the product of (i) the Pro Rata Percentage and (ii) the amount of such payment, to the extent that the Advance Payment Balance at the time of calculation is greater than such number, and if the Advance Payment Balance is less than such number, the amount of the Advance Payment Balance. “Pro Rata Percentage” shall equal the fraction, the numerator of which is equal to the amount of the Advance Payment and the denominator of which is equal to the aggregate purchase price for all of the Original Annual Quantities set forth in Section 1.1.
Advance Payment Credit in respect of any payment shall mean the number equal to the product of (i) the Pro Rata Percentage and (ii) the amount of such payment, to the extent that the Advance Payment Balance at the time of calculation is greater than such number, and if the Advance Payment Balance is less than such xxxxxx, the amount of the Advance Payment Balance. * Confidential treatment has been requested for certain portions omitted from this exhibit pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this Exhibit have been separately filed with the Securities and Exchange Commission. “Pro Rata Percentage” shall equal the fraction, the numerator of which is equal to the amount of the Advance Payment and the denominator of which is equal to the aggregate purchase price for all of the Original Annual Quantities set forth in Section 1.1. “Advance Payment Balance as of a certain time, shall mean a number which is equal to (i) the amount of the Advance Payment less (ii) the aggregate amount of all Advance Payment Credits prior to such time. Upon termination of this Agreement pursuant to (i) Section 8.2(a), (ii) Section 8.2(b) due to a breach by OCI, or (iii) if OCI is unable to meet its obligations hereunder due to a Force Majeure for more than 120 consecutive days and Buyer shall have the right to terminate this Agreement with written notice to OCI, OCI shall refund to Buyer within 30 days of the effective date of such termination the Advance Payment Balance as of the date of such refund, less any amounts due and payable by Buyer to OCI for already delivered Product which are outstanding as of the date of such refund.

Related to Advance Payment Credit

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Advance Payment Contract means any contract whereby any Credit Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Oil and Gas Interests owned by any Credit Party and which Advance Payment is, or is to be, paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an option or right of refusal to the purchaser to take delivery of such production in lieu of payment, and, in either of the foregoing instances, the Advance Payment is, or is to be, applied as payment in full for such production when sold and delivered or is, or is to be, applied as payment for a portion only of the purchase price thereof or of a percentage or share of such production; provided that inclusion of the standard “take or pay” provision in any gas sales or purchase contract or any other similar contract shall not, in and of itself, constitute such contract as an Advance Payment Contract for the purposes hereof.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Cash Advance Fee means a cash advance fee or similar fee that is charged to an Account under the related Credit Card Agreement.

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

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.