Deferred Payment Obligation means such portion of any purchase price or other similar obligation due and owing for the purchase or acquisition of capital assets after the date of consummation of the underlying transaction or imposition of such obligation, in each case, establishing such deferred purchase price or other similar obligation; provided that “Deferred Payment Obligation” shall not include any amount due under a lease that is classified as an operating lease under GAAP.

Deferred Payment Obligation means the obligation of the L/C Issuer to make payment to a beneficiary arising under a Letter of Credit a fixed number of calendar days after such beneficiary presents the documents called for in such Letter of Credit and with respect to which a draft is not drawn by the beneficiary.

Deferred Payment Obligation shall have the meaning set forth in Section 1.6 hereof.

Examples of Deferred Payment Obligation in a sentence

The Deferred Payment Obligation and the Primary Obligations hereinafter collectively referred to as, the “Obligations”.
Each Premium Finance Obligation consisting of (i) a Loan is secured by a first priority security interest in the right to receive Unearned Premiums payable by the related insurer and (ii) a Deferred Payment Obligation creates a first priority ownership or security interest in the right to receive the premium payments purported to be conveyed thereunder.
Immediately following the Spin-Off Sale, Deliverance will transfer the Deferred Payment Obligation to the Company and the Company will distribute the Deferred Payment Obligation to the Stockholders in redemption of some of their shares (the "Redemption").
The terms of the Spin-Off Sale include deferred payments to be made to Deliverance over a period of five years ("Deferred Payment Obligation").
For the purposes of this clause (h), the “Closing Date Leverage Ratio” shall mean the ratio of (i) Consolidated Indebtedness (excluding for this purpose the Deferred Payment Obligation) of the Borrower as of the Closing Date to (ii) Consolidated EBITDA of the Borrower for the four consecutive fiscal quarter period ending on September 30, 2010, calculated on a Pro Forma Basis giving effect to the consummation of the Transactions.

More Definitions of Deferred Payment Obligation

Deferred Payment Obligation as defined in the recitals to this --------------------------- Agreement.

Deferred Payment Obligation has the meaning assigned to such term in the Letter of Credit.

Deferred Payment Obligation means the obligation of Paperweight Development Corp. to pay Arjo Xxxxxxx North American Investments Ltd. approximately $321 million on the terms and conditions set forth in Schedule 2.3 of the Purchase Agreement by and among AWA, Arjo Xxxxxxx US Holdings Ltd., Arjo Xxxxxxx North American Investments Ltd., Paperweight Development Corp. and New Appleton LLC, dated as of July 5, 2001, excluding any refinancings thereof.

Deferred Payment Obligation means the right to receive future payments from insureds under an insurance contract, that provides for deferred premium payments financed by an Originator (directly or through an acquisition from a Third Party Originator) in accordance with the Guidelines under a Premium Finance Assignment Agreement plus any rights against the insurer, and any related security or credit enhancement.

Deferred Payment Obligation has the meaning specified in the Base Indenture.

Deferred Payment Obligation means Buyer’s obligation to pay to the Practice the amount of

Deferred Payment Obligation means (i) earnouts, holdbacks and other similar deferred payment obligations with respect to the payment of a purchase price in connection with a Permitted Acquisition and the Permitted Grid Acquisition, and (ii) earnouts, holdbacks and other similar deferred payment obligations with respect to the payment of a purchase price in connection with an acquisition by any Subsidiary that is not a Credit Party to the extent such acquisition is a Permitted Acquisition.