Deferred Payment Amount definition

Deferred Payment Amount means the amount specified as such in Seller’s invoice due on February 10, 2022, March 10, 2022, April 10, 2022, May 10, 2022 or June 10, 2022, the calculation of which is set forth in Section 2.2.1 and as such amount may be adjusted pursuant to any IPA True-up Adjustment as set forth in Section 2.2.1 and as such amount is payable as set forth in Section 2.2.1. Any Deferred Payment Amount so adjusted by an IPA True-up Adjustment shall be an Adjusted Deferred Payment Amount.”

Deferred Payment Amount shall have the meaning specified in Section 2.04.

Deferred Payment Amount means all principal amortizations and interest payments falling due on an Affected Series for the consecutive two-year period immediately following the Deferral Date;

Examples of Deferred Payment Amount in a sentence

• Perisai‟s agreement to the deferred portion of the Consideration in the form of the Deferred Payment Amount was necessary amidst uncertainties on the upfront full payment of the Consideration due to the current challenging market environment which has adversely affected EOL‟s profitability and cash flows.

• For purposes of the payment deferral, Seller shall indicate on the invoice (in addition to the requirements set forth in Section 2.2): (a) the Reduced Invoice Amount and (b) the Deferred Payment Amount.

• This exhibit is provided for Seller’s convenience to show, step-by-step, how Seller is to calculate the Reduced Invoice Amount and the Deferred Payment Amount in connection with the preparation of its invoices.

• To calculate the applicable Deferred Payment Amount for this June 10, 2022 invoice, Seller shall use the information provided on the IPA Deferred Payment Calculation Notice issued by the IPA to both Buyer and Seller on or before May 25, 2022.

• Using the IPA True-up Adjustment rate provided by the IPA, Buyer calculates the Adjusted Reduced Invoice Amount and the Adjusted Deferred Payment Amount applicable to the June 2022 invoice.

More Definitions of Deferred Payment Amount

Deferred Payment Amount means, in connection with any Deferred Payment, the amount, in Cash, paid in respect of the Deferred Amount established for such Permitted Policy Claim.

Deferred Payment Amount has the meaning given such term in Section 2.2(b).

Deferred Payment Amount means twenty million dollars ($20,000,000).

Deferred Payment Amount has the meaning given to such term in the Transaction Agreement.

Deferred Payment Amount means an amount equal to $2,675,000.

Deferred Payment Amount means the amount specified as such in Seller’s invoice due on March 10, 2022 or June 10, 2022, the calculation of which is set forth in Section 2.2.1 and as such amount may be adjusted pursuant to any IPA True-up Adjustment as set forth in Section 2.2.1 and as such amount is payable as set forth in Section 2.2.1. Any Deferred Payment Amount so adjusted by an IPA True-up Adjustment shall be an “Adjusted Deferred Payment Amount”.”

Deferred Payment Amount means $8,000,000. “Effective Time” means 12:01 am (EST) on the Closing Date. “Employee Benefit Plan” means all employee compensation or benefit plans, agreements, programs, arrangements or policies which are maintained or otherwise contributed to or required to be contributed to by Seller for the benefit of any Employees including, without limitation, in relation to retirement, pension, bonus, change of control, retention, performance, stock purchase, phantom stock, stock appreciation, incentive compensation, profit sharing, stock option, deferred compensation, incentive compensation, severance or termination pay, insurance, health benefits, medical, hospital, dental, vision care, drug, sick leave, disability, life insurance, salary continuation, legal benefits, unemployment benefits, vacation time, vacation pay, or holiday pay. “Employees” means all employees of Seller who are employed in the Business as of the date hereof, whether full-time, part-time, salaried or hourly. “Employment Laws” means any Law relating to employment, including those relating to wages, hours, collective bargaining, labour relations, occupational health and safety, workers’ hazardous materials, employment standards, pay equity, privacy, human rights, discrimination, disability, or workers’ compensation. “Environment” means all components of the Earth, including: (a) water (whether surface water or ground water, and including any drinking water supply and sewer system); (b) air (whether ambient air or the Earth’s atmosphere); (c) soil, land surface and subsurface strata (whether submerged or covered by a structure); (d) organic and inorganic matter; living species and organisms; or (e) a combination of any of the foregoing; and, generally, the ambient milieu in which living species and organisms have dynamic relations. “Environmental Attribute” – As defined in Section 5.18(n). “Environmental Laws” means any and all Laws relating to, in whole or in part: (i) the protection of the Environment or any natural resource; (ii) the presence, Release or Remediation of Substances; (iii) the ownership, occupation, custody, use, operation, control, lease,