Certain Payments definition

Certain Payments. Any amounts that would otherwise be payable to the Employee hereunder at the time of his death or thereafter (whether pursuant to 7.2 hereof or otherwise) shall, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Employee's devisee, legatee, or other designee or, if there be no such designee, to the Employee's estate.
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Certain Payments. Neither the MFC nor any officer, director or employee of MFC has paid or received or caused to be paid or received, directly or indirectly, in connection with the business of MFC (i) any bribe, kickback or other similar payment to or from any domestic or foreign government or agency thereof or any other person, or (ii) any contribution to any domestic or foreign political party or candidate, other than from personal funds of such officer, director or employee not reimbursed by MFC or as permitted by applicable law.
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Certain Payments in respect of Senior Notes and City Loan Agreement. (a) during the period prior to the commencement of the Permitted Note Exchange Offer, Borrower makes any payment of interest or principal in respect of any of the Senior Notes or the Indebtedness under the City Loan Agreement, except for the regularly scheduled payment of interest due November 1, 2001 in respect of the Indebtedness under the City Loan Agreement; (b) during the period after the commencement of the Permitted Note Exchange Offer and prior to the earlier to occur of the completion of the Permitted Note Exchange Offer (as evidenced by the issuance of the Exchange Notes) or the termination or expiration of the Permitted Note Exchange Offer without Exchange Notes having been issued, (i) Borrower makes any payment of principal or any portion of any interest payment scheduled to be made after November 1, 2001 and prior to May 1, 2003 with respect to the City Loan Agreement, (ii) Borrower makes any payment of principal or any portion of any interest payment scheduled after June 1, 2001 and prior to December 1, 2002 with respect to the 2005 Senior Notes or (iii) Borrower makes any payment of principal or any portion of any interest payment scheduled to be made after July 1, 2001 and prior to January 1, 2003 with respect to the 2004 Senior Notes; (c) during the period after the termination or expiration of the Permitted Note Exchange Offer without Exchange Notes having been issued, Borrower makes (i) any payment of principal in respect of the Senior Notes or the Indebtedness under the City Loan Agreement prior to its stated maturity or (ii) any portion of any interest payment described in clauses (b) (i), (ii) and (iii) above; or (d) during the period after the completion of the Permitted Note Exchange Offer (as evidenced by the issuance of the Exchange Notes), Borrower (i) makes any payment of principal in respect of the Senior Notes or the Indebtedness under the City Loan Agreement prior to its stated maturity or (ii) in any fiscal year, pays more than an aggregate of $4,000,000 of accrued interest in respect of the Senior Notes and the Indebtedness under the City Loan Agreement (including without limitation any accrued and unpaid interest for the periods described in clause (b) above). Borrower has developed and is implementing a voluntary financial restructuring plan to preserve and enhance its strategic values. Such plan includes, among other things, the Liquidity Improvement Financing Program, ...
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Examples of Certain Payments in a sentence

  • Transactional detail related to the Florist Member Network including, but not limited to, the disclosure requirements of Schedule E/F - Creditors Who Have Unsecured Claims, Schedule G – Executory Contracts and Unexpired Leases, and Statement Part 2, Question 3 – Certain Payments or Transfers to Creditors Within 90 Days Before Filing this Case would likely exceed millions of individual line items.

  • A-30 Article IX - Certain Payments to the General Partners and Affiliates ...................

  • Married Participants have the option of electing a Single Life Annuity with 60-Months Certain Payments.

  • However, if the Participant’s Spouse should die before the Participant, the monthly amount of the 50% Husband-and-Wife Pension may be increased to the amount that would have been payable to the Participant as a Single Life Annuity without the 60-Months Certain Payments.

  • As is explained above, the normal form of payment is a 50% Husband-and-Wife Pension if the Participant is married, or a Single Life Annuity with 60-Months Certain Payments if the Participant is single.

  • Restricted Payments; Certain Payments of Indebtedness 83 SECTION 6.09.

  • The normal form of payment for single persons is a Single Life Annuity with 60-Months Certain Payments.

  • If the Participant is receiving the Single Life Annuity with 60-Months Certain Payments and dies after retirement, but before receiving all 60 payments, then the Participant’s designated Beneficiary – whether the Participant’s Surviving Spouse or other designated Beneficiary - will receive the rest of those payments until all 60 are paid.

  • A-32 Article IX - Certain Payments to the General Partners and Affiliates ...

  • Restricted Payments; Certain Payments of Indebtedness 110 SECTION 6.09.


More Definitions of Certain Payments

Certain Payments to the Internal Revenue Service Treated as Distributions. (a) For purposes of this Section 4.03, the Class B Members may assume that any Member who fails to provide to the LLC satisfactory evidence of its tax status for United States federal income tax purposes is a foreign person taxable as corporation. (b) Notwithstanding anything to the contrary herein, to the extent that the LLC is required, or elects, pursuant to applicable law, either (i) to pay tax (including estimated tax) on a Member's allocable share of LLC items of income or gain, whether or not distributed, or (ii) to withhold and pay over to the tax authorities any portion of a distribution otherwise distributable to a Member, the LLC may pay over such tax or such withheld amount to the tax authorities, and such amount shall be treated as a distribution to such Member at the time it is paid to the tax authorities. In the event that the amount paid (or paid over) to the tax authorities on behalf of any Member exceeds the amount which would have been distributed to such Member absent such tax obligation, such excess shall be treated as a demand loan from the LLC to such Member, which loan shall bear interest at the prime rate announced from time to time by The Wall Street Journal, until paid in full.
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Related to Certain Payments

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Payments refers to anything of value, including cash, gifts, travel expenses, entertainment, offers of employment, provision of free services, and business meals. It may also include event sponsorships, consultant contracts, fellowship support, job offers, and charitable contributions made at the request of, or for the benefit of, an individual, his or her family, or other relations, even if made to a legitimate charity.

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

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • 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.

  • 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.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Payments of Principal and Interest Payments of Principal and Interest. Promptly after each Regular Record Date, the Trustee will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest, if any, to be paid on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with a Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the daily bond reports published by Standard & Poor's. On such Interest Payment Date, the Company will pay to the Trustee, and the Trustee in turn will pay to DTC, such total amount of interest due (other than on the Maturity Date), at the times and in the manner set forth below under "Manner of Payment". If any Interest Payment Date for any Note is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Interest Payment Date.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • 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.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or Collateral (as defined in each Indenture).

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Priority of Payments has the meaning specified in Section 9.01(a).

  • Schedule of Payments means the schedule of payments disclosed on a Contract.