Contingent Payment Rights definition

Contingent Payment Rights means the contingent payment right which shall be automatically converted into shares of Holdings’ Common Stock subject to the terms and conditions of the Contingent Payment Right Agreement to be entered into by the Investor and Holdings.
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Contingent Payment Rights means the treatment for Holders of Second Lien Note Claims as described in Article IV.D herein, and in the Contingent Payment Rights Term Sheet.
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Contingent Payment Rights has the meaning set forth in Section 1.3.
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Examples of Contingent Payment Rights in a sentence

  • Based on the above, on the Effective Date, and in accordance with the Contingent Payment Rights Term Sheet, the Reorganized Debtors shall issue Contingent Payment Rights to Holders of Second Lien Note Claims on a Pro Rata basis.

  • Litigation Contingent Payment Rights Trust (or any successor thereof) (the “Trust”) (an “IRI Investor”), then such IRI Investor shall be deemed to be Withdrawing Party for purposes of and with the consequences set forth in Section 4.1(g).

  • Such Pro Rata payment to Holders of Contingent Payment Rights shall be made within thirty days after such ERG Proceeds are remitted to the ERG Pledged Account.

  • The issuance of the Contingent Payment Rights by the Reorganized Debtors is authorized without the need for any further corporate action and without any further action by the Holders of Claims or Interests.

  • If no such distributions are required to be made prior to the Expiration Date, the Contingent Payment Rights will terminate and cease to exist and Holders thereof will receive no value on account of the Contingent Payment Rights.

  • The Reorganized Debtors shall maintain a register, which may be the Reorganized Debtors, identifying each Holder of the Contingent Payment Rights and the amount of the Contingent Payment Rights held by such Holder.

  • For purposes of this Section 3.5, any decrease in the per-share Merger Consideration (other reductions to the Contingent Payment Rights pursuant to the terms thereof) shall be deemed to be materially adverse to the Stockholder.

  • In exchange for full and final satisfaction, settlement, release, and discharge of the Second Lien Note Claims, each Holder of such Allowed Second Lien Note Claim shall receive its Pro Rata share of the Contingent Payment Rights.

  • Litigation Contingent Payment Rights Trust dated November 3, 2000, in each case as amended.

  • This Right Certificate is issued under and in accordance with the Contingent Payment Rights Agreement, dated as of ___________, 1997 (the "Agreement"), between the Company and _______________________________________________, as trustee (the "Trustee", which term includes any successor Trustee under the Agreement), and is subject to the terms and provisions contained in the Agreement, to all of which terms and provisions the Holder of this Right Certificate consents by acceptance hereof.


More Definitions of Contingent Payment Rights

Contingent Payment Rights means the contingent payment right which shall be automatically convertedinto shares of Holdings’ common stock subject to the terms and conditions of the contingent payment rightagreement to be entered into by the Investor and Holdings.“Control ” means the possession, directly or indirectly, of the power to direct or cause the direction of themanagement or policies of a Person, whether through the ownership of voting securities, by contract or otherwise,and “controlling ” and “controlled ” have meanings correlative thereto.“Controlled Investment Affiliate ” means, with respect to any Person, any fund or investment vehicle that (i)is organized by such Person for the purpose of making investments in one or more companies and (ii) is controlledby, or under common control with, such Person.“Covered Party ” has the meaning assigned to such term in Section 9.24 ..“Credit Agreement Refinancing Indebtedness ” means Indebtedness issued, incurred or otherwise obtained(including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew,replace, repurchase, retire or refinance, in whole or part, Revolving Loans, Initial Term Loans, Term B-1 Loans,Incremental Term Loans, Extended Term Loans or any then existing Credit Agreement Refinancing Indebtedness(“Refinanced Debt ”); provided that (i) such Indebtedness has a maturity no earlier than, and a Weighted AverageLife to Maturity equal to or greater than, the Refinanced Debt, (ii) such Indebtedness shall not have a greaterprincipal amount than the principal amount of the related Refinanced Debt plus accrued interest, fees, premiums (ifany) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) such Indebtednessshall not be secured by any assets that do not constitute Collateral, (iv) such Indebtedness is not at any timeguaranteed by any Subsidiaries of the Borrower other than Subsidiary Loan Parties, (v) such Indebtedness shall beunsecured or rank pari passu (without regard to the control of remedies) or junior in right of payment and securitywith any Obligations and, if secured on a junior lien basis, shall be subject to a Junior Lien Intercreditor Agreement,(vi) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accruedinterest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such CreditAgreement Refinancing Indebtedness is issued, incurred or o...
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Contingent Payment Rights means each Stockholder's right to receive, as of the Second Period Payment Date, such Stockholder's Pro Rata Portion of an amount equal to (X) Incremental Revenue minus (Y) the sum of (1) the aggregate amount of the Contingent Retention Bonuses plus (2) the amount, if any, of the payment or accrual of any bonus (other than the Steberl Bonus as defined herein) to Mr. Steberl in 2001; provided, however, that such amount shall be subject to further reduction (but in no event to an amount less than zero) by an amount equal to the sum of (a) the estimated dollar amount of all Damages for which the ANSYS Indemnified Parties have made claims for indemnification pursuant to this Agreement on or before the Second Period Payment Date (to the extent not yet satisfied by the PMAC Indemnitors or secured by funds or ANSYS Common Stock retained in escrow on the Initial Period Payment Date in respect of such Damages) and (b) if EBITDA of the PMAC Group for 2001 is less than that set forth in the Budget Goals for 2001, the amount, if any, of the excess of Expenses for calendar year 2001 over the Expenses for 2001 set forth in the Budget Goals. Any payment due pursuant to such Contingent Payment Right shall be payable to such Stockholder as follows:
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Contingent Payment Rights means the right to receive contingent payments as set forth in Section 2.16 below, which shall be owned solely by the Founding Stockholders in proportion to their stockholdings.
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Contingent Payment Rights means each Stockholder's right to receive, as of the Second Period Payment Date, such Stockholder's Pro Rata Portion of an amount equal to (X) Incremental Revenue minus (Y) the sum of (1) the aggregate amount of the Contingent Retention Bonuses plus (2) the amount, if any, of the payment or accrual of any bonus (other than the Steberl Bonus as defined herein) to Mr. Steberl in 2001; provided, however, that sxxx xxxxxx shall be subject to further reduction (but in no event to an amount less than zero) by an amount equal to the sum of (a) the estimated dollar amount of all Damages for which the ANSYS Indemnified Parties have made claims for indemnification pursuant to this Agreement on or before the Second Period Payment Date (to the extent not yet satisfied by the PMAC Indemnitors or secured by funds or ANSYS Common Stock retained in escrow on the Initial Period Payment Date in respect of such Damages) and (b) if EBITDA of the PMAC Group for 2001 is less than that set forth in the Budget Goals for 2001, the amount, if any, of the excess of Expenses for calendar year 2001 over the Expenses for 2001 set forth in the Budget Goals. Any payment due pursuant to such Contingent Payment Right shall be payable to such Stockholder as follows:
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Related to Contingent Payment Rights

  • Contingent Payment shall have the meaning set forth in Section 2.2(a).

  • Contingent Payments has the meaning set forth in Section 2.05(b).

  • Contingent Right means a right under this Schedule 5 which is not a Firm Right and which is subject to the fulfilment of all competing Exercised Firm Rights and any additional contingency specified in this Schedule 5;

  • Contingent Claim means any Claim, the liability for which attaches or is dependent upon the occurrence or happening of, or is triggered by, an event, which event has not yet occurred, happened or been triggered as of the date on which such Claim is sought to be estimated or an objection to such Claim is filed, whether or not such event is within the actual or presumed contemplation of the holder of such Claim and whether or not a relationship between the holder of such Claim and FairPoint now or hereafter exists or previously existed.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Maximum Potential Additional Dividend Liability, as of any Valuation Date, means the aggregate amount of Additional Dividends that would be due if the Corporation were to make Retroactive Taxable Allocations, with respect to any fiscal year, estimated based upon dividends paid and the amount of undistributed realized net capital gains and other taxable income earned by the Corporation, as of the end of the calendar month immediately preceding such Valuation Date and assuming such Additional Dividends are fully taxable.

  • Contingent Consideration has the meaning set forth in Section 1.6.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Contingent fee, as used in this clause, means any commission, percentage, brokerage, or other fee that is contingent upon the success that a person or concern has in securing a Government contract.

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

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Delta Payment means as it is described in this Agreement.

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Payment Claim means the claim for payment made by the Contractor in accordance with this Contract.

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Deferred Consideration shall have the meaning ascribed to such term in Section 4(d).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • PRE-PAYMENT The Tenant shall: (check one)

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

  • Stock Payment means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Upfront Payment has the meaning set forth in Section 4.1.