Assumed Payments definition

Assumed Payments has the meaning set forth in Section 4.4(h).
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Assumed Payments has the meaning set forth in Section 2.05(d).
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Assumed Payments means the aggregate amount of interest payments as would be due on each Payment Date on the Notes from the date immediately prior to the Exchange Date through November 13, 2024 (but excluding accrued but unpaid interest to the Exchange Date) if the Issuer were to pay interest on unpaid principal amounts (determined on the date immediately prior to the Exchange Date) of the Notes at an interest rate equal to (i) 5.00% per annum minus (ii) the interest rate per annum of the Future Notes (for the avoidance of doubt, the aggregate amount of Assumed Payments cannot be less than zero).
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Examples of Assumed Payments in a sentence

  • Buyer agrees to pay the Assumed Payments as provided in Schedule 2.05(b).

  • Section 8.5. Assumed Payments .......................................................................

  • The Parties expressly understand and agree that Lessee shall only be responsible for making the Assumed Payments during the Lease Term, and only in the amounts and in accordance with the terms and conditions indicated on Exhibit 10.

  • During the Due Diligence Period, Lessor shall use its best efforts to ensure that the total Assumed Payments shall not exceed One Hundred Thirty Thousand Dollars ($130,000) per month.

  • Should the Lease be terminated or expire according to its terms, Lessee shall not be responsible for and shall have no obligation to continue making the Assumed Payments or pay any long terms liabilities, accounts payable or other financial obligations of Lessor which have not been paid on the date the Lease is terminated or expires.

  • Lessee shall make the Assumed Payments directly to Lessor’s lenders and creditors listed on Exhibit 10, and Lessor shall obtain such consent from its lenders and creditors as are necessary to permit Lessee to make such payments directly to them.

  • Should the total Assumed Payments exceed One Hundred Thirty Thousand Dollars ($130, 000) per month during the Due Diligence Period, or One Hundred Twenty-Five Thousand Dollars per month ($125,000) thereafter during the Lease Term, Lessee may, at its option, (i) pay such additional amount and set such payments off against rent or other payments due hereunder, (ii) terminate the Lease, or (iii) pursue such additional remedies as are available to Lessee pursuant to this Lease.

  • Upon expiration of the Due Diligence Period, and for the balance of the Lease term, Lessor shall use its best efforts to ensure that the total Assumed Payments shall not exceed One Hundred Twenty-Five Thousand Dollars ($125,000) per month.

  • Hyperion affirms its obligation to pay its portion of the Extension Payments due to the Brusilow Licensors under Section 4 (Assumed Payments) of the amended Schedule 7 within the time frames set forth therein.


More Definitions of Assumed Payments

Assumed Payments means all amounts to be assumed and paid by Telesat IOM pursuant to the Gateway Agreements following the Effective Date, which amounts are estimated in the attached Schedule 2: “Disclosure Schedule”. It is understood and agreed that, except as set forth below in Section 1.3, from and after the Effective Date LCGC shall be released from any and all further liabilities and obligations under each of the Gateway Agreements, and Telesat shall cooperate with LCGC and use commercially reasonable efforts to assist LCGC in obtaining from the parties to the Gateway Agreements a full release of its obligations under the Gateway Agreements.
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Assumed Payments means all amounts to be assumed and paid by Telesat IOM pursuant to the Loral Agreements following the Effective Date, which amounts are estimated in the attached Schedule 2: “Disclosure Schedule”. The Assumed Liabilities shall include, without limitation, Loral Space’s obligations under Section 2.10 of the Cooperation Agreement. It is understood and agreed that, except as set forth below in Section 1.3, from and after the Effective Date Loral Space shall be released from any and all further liabilities and obligations under the Loral Agreements, and Telesat IOM shall cooperate with Loral Space and use commercially reasonable efforts to assist Loral Space in obtaining from the parties to the Loral Agreements a full release of its obligations under the Loral Agreements.
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Related to Assumed Payments

  • Excluded Payments means (i) indemnity payments paid or payable by Lessee to or in respect of the Owner Participant or the Owner Trustee in its individual capacity, their respective Affiliates, successors and permitted assigns and their directors, officers, employees, servants and agents (collectively, the "Owner Indemnitees") pursuant to Sections 7(b), 7(c), 16 and 17 of the Participation Agreement, (ii) proceeds of public liability insurance in respect of the Aircraft payable as a result of insurance claims made, or losses suffered, by the Owner Trustee or the Indenture Trustee in their respective individual capacities or by any of the Owner Indemnitees, (iii) proceeds of insurance maintained with respect to the Aircraft by the Owner Participant (whether directly or through the Owner Trustee) or any other Owner Indemnitee and permitted under Section 11(e) of the Lease, (iv) all payments required to be made under the Tax Indemnity Agreement by Lessee and all payments of Supplemental Rent by Lessee in respect of any amounts payable under the Tax Indemnity Agreement, (v) fees payable to the Owner Trustee or the Indenture Trustee pursuant to the last sentence of Section 7(c) of the Participation Agreement, (vi) provided that the Secured Certificates shall have been duly assumed by Lessee pursuant to Section 2.13 hereof, the amounts payable to the Owner Trustee pursuant to the third sentence of Section 19(d) of the Lease plus all reasonable expenses incurred by the Owner Trustee and the Owner Participant in connection with such assumption, as applicable, (vii) any payment of the foregoing under the Guarantee, (viii) interest accrued on any of the above, and (ix) any right to enforce the payment of any amount described in clauses (i) through (viii) above and the right to declare an Event of Default in respect of any of the foregoing amounts.

  • Permitted Payments has the meaning specified in Section 7.06(b).

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Required Payments means each of the items described in (i) through (xii) of Section 3.4 of the Indenture.

  • Specified Payment means any Permitted Acquisition or Permitted Investment, in each case, where such event is subject to satisfaction of the Payment Conditions or any component thereof, pursuant to the terms of this Agreement.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Insured Payments means, with respect to any Distribution Date, the aggregate amount actually paid by the Certificate Insurer to the Trustee in respect of (i) Insured Amounts for a Distribution Date and (ii) Preference Amounts for any given Business Day.

  • Assumed Scheduled Payment means: (i) with respect to any Balloon Mortgage Loan as to which advancing is required hereunder for its Maturity Date (provided that such Balloon Mortgage Loan has not been paid in full, and no Final Recovery Determination or other sale or liquidation has occurred in respect thereof, on or before the end of the Collection Period in which such Maturity Date occurs) and for any subsequent Due Date therefor as of which such Balloon Mortgage Loan remains outstanding and part of the Trust, if no Scheduled Payment (other than the related delinquent Balloon Payment) is due for such Due Date, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment that would have been due in respect of such Balloon Mortgage Loan on such Due Date, if it had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule in effect immediately prior to, and without regard to the occurrence of, its most recent Maturity Date (as such may have been extended in connection with a bankruptcy or similar proceeding involving the related Mortgagor or a modification, waiver or amendment of such Balloon Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof), and (ii) with respect to any REO Mortgage Loan for any Due Date therefor as of which the related REO Property or an interest therein remains part of the Trust, the scheduled monthly payment of principal and interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment (or, in the case of a Balloon Mortgage Loan described in clause (i) of this definition, the Assumed Scheduled Payment) that was due in respect of the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan. The amount of the Assumed Scheduled Payment for any A Note shall be calculated solely by reference to the terms of such A Note (as modified in connection with any bankruptcy or similar proceeding involving the related Mortgagor or pursuant to a modification, waiver or amendment of such Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof) and without regard to the remittance provisions of the related Intercreditor Agreement.

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Permitted Payment as defined in Subsection 8.2(b).

  • Excepted Payments means and include (a)(i) any indemnity (whether or not constituting Supplemental Lease Rent and whether or not a Lease Event of Default exists) payable to either the Trust Company, the Lessor Manager, the Equity Investor, the Owner Lessor, or the Owner Participant or to their respective Indemnitees and successors and permitted assigns (other than the Lease Indenture Trustee) pursuant to Section 2.3, 9.1, 9.2, 11.1 or 11.2 of the Participation Agreement, Section 7.1 or 7.2 of the LLC Agreement, and any payments under the Tax Indemnity Agreement or (ii) any amount payable by the Company to the Owner Lessor, the Equity Investor or the Owner Participant to reimburse any such Person for its costs and expenses in exercising its rights or complying with its obligations under the Operative Documents, (b)(i) insurance proceeds, if any, payable to the Owner Lessor or the Owner Participant under insurance separately maintained by the Owner Lessor or the Owner Participant with respect to the Facility as permitted by Section 11.5 of the Facility Lease or (ii) proceeds of personal injury or property damage or other liability insurance maintained under any Operative Document for the benefit of the Trust Company, the Lessor Manager, the Owner Lessor or the Owner Participant, (c) any amount payable to the Owner Participant as the purchase price of the Owner Participant's right and interest in the Member Interest, (d) any amounts payable to the Owner Participant upon exercise by the Company of the Special Lessee Transfer pursuant to Section 13.1 of the Participation Agreement, (e) all other fees expressly payable to the Owner Participant, the Equity Investor or the Owner Lessor under the Operative Documents, (f) if the Facility Lessee exercises its right to assume the Lessor Notes, any Termination Value (or amount calculated by reference thereto) or purchase price payable by the Facility Lessee in connection therewith, (g) any payments made under the Lessee Guaranty in respect of any of the foregoing and (h) any payments in respect of interest, or any payments made on an After-Tax Basis, to the extent attributable to payments referred to in clause (a) through (g) above that constitute Excepted Payments.

  • Restricted Payments as defined in Section 7.6.

  • Permitted Payments to Parent means, without duplication as to amounts:

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Contingent Payments has the meaning set forth in Section 2.3(d).

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.

  • Permitted Restricted Payments means any of the following Restricted Payments made by:

  • Escrowed Payment means an aggregate cash payment of up to $400,000;

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Assumed Interest Amount With respect to any Distribution Date and Class of Subordinated Certificates, one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the applicable Assumed Balance immediately prior to that Distribution Date.