Default Purchase Price definition

Default Purchase Price is defined in Section 7.03(a).

Default Purchase Price shall have the meaning assigned to that term in Section 20.03(b).

Default Purchase Price has the meaning given in Section 4.5(c).

Examples of Default Purchase Price in a sentence

• If the Non-Defaulting Member causes the sale to such third party to occur, then, notwithstanding the provisions of Articles 5 and 8 (and any other provision contained in this Agreement), the aggregate amount of Cash Flow to be distributed to the Defaulting Member from such sale shall be equal to the Default Purchase Price for the Defaulting Member’s Interest determined in accordance with the provisions of Section 7.03(c) and the balance of such proceeds shall be distributed to the Non-Defaulting Member.

• In the event that the Seller elects to terminate this Agreement after the power plant has been successfully commissioned due to a default by the Buyer, then either Party may require that within ninety (90) days of the termination date the Buyer shall pay the Buyer’s Default Purchase Price to the Seller and the Seller shall sell the Facility to the Buyer (or its nominee) at the Buyer’s Default Purchase Price.

• As used herein, the term purchase price shall mean in the case of a transfer pursuant to Section 20.03, the Default Purchase Price, as the same may be increased or decreased pursuant to the provisions of this Section 20.06.

• On the Default Purchase Closing Date, the Default Purchase Price may be deposited in good federal funds that are immediately available at the place of closing in escrow with the title company involved with the transaction or with either Purchasing Member's or Selling Member's counsel.

• Within fifteen (15) days of receipt of notice of determination of the Default Purchase Price to be paid for the Defaulting Partner’s Partnership interest, the Non-Defaulting Partners may notify the Defaulting Partner of their election to purchase the interest of the Defaulting Partner.

More Definitions of Default Purchase Price

Default Purchase Price has the meaning set forth in Section 20.5 hereof.

Default Purchase Price has the meaning specified in Section 13.4.1(b). “Defaulting Limited Partner” has the meaning specified in Section 13.4.1. “Document Disclosure Law” has the meaning specified in Section 13.2.1(b). “Enumerated Person” has the meaning specified in Section 12.1.8(b).

Default Purchase Price has the meaning specified in Section 16.2.4(a) of the Participation Agreement.

Default Purchase Price for purpose of Paragraph 19 hereof shall mean the sum of (i) the Termination Value as of the date of determination or if such date of determination is not a Basic Rent Payment Date, as of the immediately preceding Basic Rent Payment Date, (ii) the Additional Payments and (iii) any overdue and unpaid Basic Rent and Additional Rent plus interest at the Default Rate on any unpaid and overdue amounts (if applicable).

Default Purchase Price shall have the meaning set forth in Section 3.2.2(d).

Default Purchase Price has the meaning set forth in Section 8.04(A)(2).

Default Purchase Price has the meaning set forth in Clause 9.3.1.