Default Termination Payment definition

Default Termination Payment has the meaning given in Section 2.1(b) of this Schedule B.
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Default Termination Payment means the amount (expressed in pounds (£)) calculated in accordance with the formula set out in paragraph 1.1 of Annex 3 (Calculation of Default Termination Payment);
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Default Termination Payment has the meaning set forth in Section 14.2.
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Examples of Default Termination Payment in a sentence

  • Siemens shall submit an invoice to Buyer for the Default Termination Payment, including supporting documentation for the damages and other amounts due and owing to Siemens prior to the termination and the costs incurred by Siemens in effectuating the termination, and Buyer shall pay such invoice by wire transfer within thirty (30) days after the date of such invoice.

  • All payments of the Contract Price made by Buyer and received by Siemens prior to the effective date of termination shall be credited toward the Default Termination Payment.

  • Hospital shall be entitled to set off against the Non-Default Termination Sum or the Default Termination Payment such amounts not already taken into account in calculating the relevant Compensation Payment that Hospital is entitled to set off or withhold pursuant to the Project Agreement or the Construction Contract provided that the Non-Default Termination Sum shall never be less than the Debt Amount.

  • Gamification engages better with students and it also provides a favorable learning environment where they feel able to participate and learn without fears or restrictions.

  • If the Concessionaire so elects to exercise the Buy-Out Option, then the Grantor shall pay the Grantor Default Termination Payment to the Concessionaire.


More Definitions of Default Termination Payment

Default Termination Payment means the applicable amount set forth in Exhibit 1 for the applicable date of early termination of this Agreement plus any unpaid balance of any Deferred Collection Amount.
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Default Termination Payment has the meaning given to that term in clause 5.3(a) (Consequences of Default termination);
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Default Termination Payment means the Termination Payment for a Termination for a Default Termination Event in accordance with the Termination Payments Schedule. Defect means:
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Default Termination Payment has the meaning given to that term in item 3.5 (Consequences of Producer Default Termination).
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Default Termination Payment has the meaning given to that term in schedule 5 (Calculation of Termination Amounts);
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Default Termination Payment means the amount (expressed in pounds) calculated in accordance with the formula set out in paragraph 1.1 of Annex 3 (Calculation of Default Termination Payment);
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Default Termination Payment means the payment calculated in accordance with Section 1 of the Termination Payment Schedule. Defect has the meaning given in the D&C Agreement.
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