Cancellation Payment definition

Cancellation Payment is defined in Section 20.2.

Cancellation Payment for Vested Options upon exercise of the Call Right shall be equal to the excess of the applicable Repurchase Price over the exercise price of such Vested Options; and the “Cancellation Payment” for all other Employee Options upon exercise of the Call Right shall be zero and such Employee Options will be canceled without payment therefor.

Cancellation Payment has the respective meanings set forth in Section 2(d).

Examples of Cancellation Payment in a sentence

• Linamar shall retain from the Cancellation Payment the amount of $150,000 (the “Hold-Back”) to be held by Linamar until December 31, 2009.

• Submit a proposed Milestone Payment Schedule and Milestone Cancellation Payment Schedule.

• Such Funding Cancellation Payment shall be payable by the Funding Swap Counterparty to the Issuer on the applicable Cancellation Date.

• Linamar shall pay the Cancellation Payment as follows: 2 This appears to be a typo since the amount owed was $14.49 million.

• Under the Total Return Funding Swap (unless an Early Termination Date has already been designated in respect of such Swap Transaction), an amount (the "Funding Cancellation Payment") shall be determined by the Determination Agent on the Cancellation Notice Date equal to the Cancellation Proportion of the Value of the Total Return Funding Swap on such Cancellation Notice Date (which Value shall be identical to the corresponding Value used to determine the Note NAV on the relevant Cancellation Notice Date).

More Definitions of Cancellation Payment

Cancellation Payment has the meaning ascribed to it in Section 2.5.

Cancellation Payment shall have the meaning set forth in Article 35.

Cancellation Payment has the meaning set forth in Section 4.07(a).

Cancellation Payment has the meaning set forth in Section 2(d).

Cancellation Payment means a payment equal to the number derived by multiplying (A) the average management fee paid during the twelve consecutive (12) months immediately preceding the effective date of such cancellation by (B) a fraction the a numerator of which equals the number of months from the effective date of such cancellation through the second anniversary of the date hereof and (y) a denominator equal to twelve (12). As used herein, the term "MANAGEMENT AGREEMENTS" means, collectively, that certain Property Management Agreement dated as of January __, 1995 between Mountainside Plaza Associates, Limited Partnership and Tower Equities of Arizona, L.L.C. ("TEA") (the "MOUNTAINSIDE AGREEMENT"); that certain Property Management Agreement dated as of May 12, 1995 between Lakeside Plaza Associates, Limited Partnership and TEA (the "LAKESIDE AGREEMENT"); and that certain Property Management Agreement dated as of May 12, 1995 between Warner Ranch Associates, Limited Partnership and TEA (the "WARNER AGREEMENT"). As used herein, the term "UNCURED DEFAULT EVENT" means the occurrence of two Uncured Defaults (as defined below) which occur during any 60-day period provided that the corresponding notices of default are not less than 30 days apart or the occurrence of three Uncured Defaults which occur during any 12 consecutive month period. As used herein, an "UNCURED DEFAULT" means one particular, specifically identified obligation of the manager under the respective Management Agreement that is breached and is not cured within ten days' written notice thereof, provided, however, that such ten-day cure period shall be extended one day for each day of delay attributable to the events described in Section 7(d) of that certain Property Management Agreement dated as of December 10, 1996 between East Broadway 5151 Limited Partnership and TEA. At the Closing, Contributor shall, or shall cause its affiliates to, enter into amended and restated Management Agreements with TEMI, that reflect the current terms of such agreements as modified as set forth above.

Cancellation Payment means the relevant cancellation payment to be made for the remaining charter hire under an Enterprise SGRE Contract in relation to an Enterprise Contract Cancellation.

Cancellation Payment. The purchase price payable by the Vendor for the Affected Royalty (the “Affected Royalty Purchase Price”) shall be the amount of the Royalty Value for the Affected Royalty as shown in Schedule C hereto.