Contingent Payment Year definition

Contingent Payment Year means each of the successive twelve (12) consecutive calendar month periods beginning with the twelve (12) calendar month period commencing on the Contingent Payment Commencement Date and ending on the Contingent Payment Termination Date.
Sample 1Sample 2
Contingent Payment Year has the meaning set forth in Section 2.6(a)(vi).
Sample 1Sample 2
Contingent Payment Year means each of the four successive twelve consecutive calendar month periods beginning with the twelve calendar month period commencing on the Contingent Payment Commencement Date and ending with the third twelve calendar month period following the initial twelve consecutive calendar month period including the Contingent Payment Commencement Date (the “First Contingent Payment Year”, “Second Contingent Payment Year”, “Third Contingent Payment Year”, and “Fourth Contingent Payment Year, respectively), provided, that in the event that the Contingent Payment Commencement Date occurs after January 1, 2009, then the final Contingent Payment Year shall be the Contingent Payment Year that includes December 31, 2012, and such Contingent Payment Year shall be deemed to end on such date, regardless of whether or not such Contingent Payment Year includes twelve calendar months. Notwithstanding anything to the contrary in this Agreement, in no event shall any Contingent Payment Year commence after December 31, 2012, and the Contingent Payment Year ending December 31, 2012 in accordance with the preceding sentence shall be deemed to be the final Contingent Payment Year for all purposes of this Agreement.
Sample 1

Examples of Contingent Payment Year in a sentence

  • In the event that Seller does not deliver a Dispute Notice during the Dispute Period, the Sales/Profit Contingent Payment Amount set forth on such Contingent Payment Certificate shall irrevocably be deemed to be the final Sales/Profit Contingent Payment Amount for such Contingent Payment Year and all purposes of this Agreement, absent fraud and willful misconduct.

  • The Qualified Accountant shall be engaged and charged to determine the Disputed Contingent Payment Amount based on the final Worldwide Net Sales for the Contingent Payment Year subject to the Dispute Notice within thirty (30) days after the date of such Qualified Accountants’ engagement for such purpose.

  • In no case shall any member of the Buyer Group dispose of any books of account or records specifically pertaining to CTM Revenue with respect to any Contingent Payment Year earlier than the date one hundred and eighty (180) days following the last day of the subsequent Contingent Payment Year or, if such Contingent Payment Year is the last Contingent Payment Year, the last day of such Contingent Payment Year.

  • Contingent Payment Amount, if any, for such Contingent Payment Year (including the calculation thereof, in reasonable detail).

  • Parent shall deliver to the Shareholder Representative Committee, by no later than forty five (45) days following the end of each Contingent Payment Year, a certificate describing the amount of CTM Revenue, if any, received during such Contingent Payment Year (each a “Contingent Payment Certificate”).

  • In the event that the Stockholder Representative Committee does not deliver a Dispute Notice during the Dispute Period, the Sales Contingent Payment Amount set forth on such Contingent Payment Certificate shall irrevocably be deemed to be the final Sales Contingent Payment Amount for such Contingent Payment Year and all purposes of this Agreement, absent fraud or intentional misconduct.

  • Any Disputed Contingent Payment Amount determined by an Appraiser in accordance with this paragraph (f) shall be deemed to be the final Sales Contingent Payment Amount for the applicable Contingent Payment Year for all purposes of this Agreement.

  • Any Disputed Contingent Payment Amount determined by an Appraiser in accordance with this Section 3.11(f) shall be deemed to be the final Sales/Profit Contingent Payment Amount for the applicable Contingent Payment Year for all purposes of this Agreement.

  • The consideration to be paid by Parent to each of the Participating Rights Holders at the time specified in Section 3.11 in connection with each such Sales/Profit Contingent Payment shall equal that portion of the Sales/Profit Contingent Payment Amount for such Contingent Payment Year allocated to each such Participating Rights Holder pursuant to Sections 3.1 and 3.2.

  • Contingent Payment Years is uncertain and that (i) Parent and its Affiliates may not generate any Worldwide Net Sales, Worldwide Gross Profit or Worldwide Ancillary Gross Profit with respect to any Contingent Payment Product in any Contingent Payment Year, and (ii) it is therefore not assured that Parent will be required to make any Sales/Profit Contingent Payments for any particular Contingent Payment Year, or at all.


More Definitions of Contingent Payment Year

Contingent Payment Year shall have the meaning set forth in Section 3.2.2.
Sample 1
Contingent Payment Year means each of the seven (7) successive twelve (12) consecutive calendar month periods beginning with the twelve (12) calendar month period commencing on the Contingent Payment Commencement Date and ending with the sixth (6th) twelve (12) calendar month period following the initial twelve (12) consecutive calendar month period including the Contingent Payment Commencement Date (the “First Contingent Payment Year,” “Second Contingent Payment Year,” “Third Contingent Payment Year,” “Fourth Contingent Payment Year,” “Fifth Contingent Payment Year,” “Sixth Contingent Payment Year” and “Seventh Contingent Payment Year,” respectively); provided, however, that in the event that a Contingent Payment Year commences on or after January 1, 2019, then such Contingent Payment Year shall be deemed to be the final Contingent Year and end on December 31, 2019, regardless of whether or not such Contingent Payment Year includes twelve (12) calendar months. Notwithstanding anything to the contrary in this Agreement, in no event shall any Contingent Payment Year commence after December 31, 2019, and if a Contingent Payment Year ends on December 31, 2019 in accordance with the preceding sentence it shall be deemed to be the final Contingent Payment Year for all purposes of this Agreement.
Sample 1
Contingent Payment Year has the meaning set forth in Section 3.9(a)(v).
Sample 1
Contingent Payment Year means each of the First Contingent Payment Year and the Second Contingent Payment Year.
Sample 1

Related to Contingent Payment Year

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

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

  • Agreement Year means each twelve (12) month period of the term of this Agreement beginning on the first day of the calendar year except for the “First Agreement Year” which shall mean the period commencing on the Effective Date and ending on December 31, 2003.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • 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.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

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

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

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

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

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.