Contract Termination Payment definition

Contract Termination Payment shall have the meaning specified in Section 15.3.
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Contract Termination Payment means any termination, cancellation, rejection or similar fee of amount received by Borrower upon any early termination, cancellation, rejection, expiration or inability to agree (each a “Cancellation”) with respect to any Designated Contract or any damages or other amounts received by Borrower for the foregoing.
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Contract Termination Payment means the net cash actually paid to the Borrower by a Member as part of such Member’s termination of its Wholesale Power Contract with Borrower; provided that any cash paid to the Borrower by a Member or any other Person, or any amounts reasonably allocated by the Borrower, for any Mortgage Property, Excluded Property or Excepted Property sold, conveyed, or assigned to the Member shall not be part of a Contract Termination Payment; and provided further that the amendment or restatement of a Wholesale Power Contract after the Closing Date to constitute a partial requirements contract (in which a Member is permitted to provide up to a percentage of its power requirements and future power requirements from sources other than the Borrower) shall not constitute a termination of such Wholesale Power Contract.
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Examples of Contract Termination Payment in a sentence

  • The Trustee will apply any Cap Contract Termination Payment received from the original Cap Counterparty in connection with such Cap Contract Early Termination to the upfront payment required to appoint the successor cap counterparty.

  • This Section is limited to the use of the cash from such Contract Termination Payments and does not impact or restrict in any way the Borrower’s use or application of the revenue associated with a Contract Termination Payment.

  • This Contract Termination Payment is in lieu of and extinguishes all rights or claims to any other payment except as expressly provided herein.

  • This Contract Termination Payment shall be payable seven (7) days ’ after the signature and acceptance of this Agreement by both Xxxxxxxxxxx and Company.

Related to Contract Termination Payment

  • Termination Payment has the meaning set forth in Section 6.03.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

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

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Compensation Accrued at Termination means the following:

  • Agreement Termination Date is defined in Section 7.4.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Benefit means the benefit set forth in Article 7.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Accrual Termination Date Not applicable.

  • Normal Termination means termination of employment or service with the Company and Affiliates: