Breach Amount definition

Breach Amount shall have the meaning set forth in Section 7.1.
Sample 1Sample 2
Breach Amount has the meaning set forth in Section 10.4 hereof.
Sample 1
Breach Amount has the meaning given to the term in Clause 20.1(c)(ii) (Events of Default).
Sample 1

Examples of Breach Amount in a sentence

  • Each Indemnity Buy-Back Option may be exercised by written notice to the Sellers’ Designee (an “Exercise Notice”) at any time following expiration of the above-referenced 10-day period, provided that the relevant Seller has not previously satisfied the Indemnity Breach Amount.

  • More than 3 years after the date when facts material to the right of action are known or reasonably should have been known by the official of the state of Michigan charged with responsibility to act in the circumstances, but in no event more than 10 years after the date on which the violation was committed.

  • For purposes hereof, Breach Payments shall be made in four installments, each equal to one-fourth (1/4) of the Breach Amount, payable on the next four (4) consecutive anniversaries of the breach by the Breaching Member, without interest.

  • Should the RAs determine that a participant will only be suspended from the ex ante markets following default (and not automatically following the issuance of an increase notice) then Power NI can see merit in adjusting the Breach Amount to cover the 2 day remedy period.The analysis presented however focused solely on the SEM figures and did not refer to remedy period impact on ex ante trading.

  • For purposes hereof, Breach Payments shall be made in four installments, each equal to one-fourth of the Breach Amount, payable on the next four consecutive anniversaries following the breach by the Breaching Member, plus interest accrued from the date of such breach through the date each such installment on the unpaid balance of such Breach Amount at the lowest rate permitted under Section 1274 of the Code so as to avoid the imputation of interest income.

  • Keep the door gasket clean and make sure it is well fixed in its position.Use metal cookware to improve energy saving.When possible, do not preheat the oven before cooking.Keep breaks between baking as short as possible when you prepare a few dishes at one time.Cooking with fanWhen possible, use the cooking functions with fan to save energy.

  • For this purpose, the value of the Breaching Member’s Shares shall be the Breach Amount as determined in Section 12.4.

  • I am particularly concerned about the humanitarian situation obtaining in the northern part of Mali.

  • For the sake of clarity, for any Liability satisfied under Section 1.2(e), the amount of the applicable satisfied Indemnity Breach Amount shall count toward the caps in the preceding sentence.

  • For any Indemnity Breach Amount fully satisfied under this Section 1.2(e), such Seller shall have no further liability for the applicable Liability under Section 9.2(a).


More Definitions of Breach Amount

Breach Amount has the meaning specified in Section 7.1(c)(ii) (Events of Default).
Sample 1
Breach Amount shall be an amount equal to the greater of $1 or the Net Equity of the Breaching Partner's interest on the day of such breach, computed in accordance with Section 11.4(b) hereof. The Partnership may, at its sole election, prepay all or any portion of the Breach Payments or interest accrued thereon at any time without penalty.
Sample 1

Related to Breach Amount

  • Willful Breach means a material breach that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this Agreement.

  • Cash Amount means an amount of cash per Partnership Unit equal to the value of one share of Common Stock as determined under the applicable Exchange Rights Agreement on the Valuation Date of the Common Stock Amount.

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Indemnifiable Damages shall have the meaning set forth in Section 9.1 herein.

  • Damages means any loss, claim, damage, liability, costs and expenses (including, without limitation, reasonable attorney's fees and disbursements and costs and expenses of expert witnesses and investigation).

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Economic damages means objectively verifiable monetary losses, including medical expenses, loss of earnings, burial costs, loss of use of property, cost of replacement or repair, cost of obtaining substitute domestic services, loss of employment, and loss of business or employment opportunities.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Intentional for purposes of this Agreement, no act or failure to act on the part of the Executive shall be deemed to have been intentional if it was due primarily to an error in judgment or negligence. An act or failure to act on the Executive’s part shall be considered intentional if it is not in good faith and if it is without a reasonable belief that the action or failure to act is in the best interests of the Bank.

  • Conversion Obligation shall have the meaning specified in Section 14.01(a).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Delay Damages means the damages assessed pursuant to Section 3.2(a) hereof.

  • Misrepresentation has the meaning ascribed thereto in the Securities Act;

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Noneconomic damages ’ means damages for phys-

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).

  • Daily Delay Damages means with respect to a Guaranteed Project Milestone, an amount equal to (a) the Project Development Security Amount posted as of the first date that Daily Delay Damages are payable under this Agreement with respect to such Guaranteed Project Milestone, divided by (b) 120.

  • Minimum Consideration means the $.01 par value per share or such larger amount determined pursuant to resolution of the Board to be capital within the meaning of Section 154 of the Delaware General Corporation Law.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).