Deferred Payment Option definition

Deferred Payment Option means the Net Participant Incentive payments (if any) to be received by the Participant from the IESO after the In-Service Date, as further described in Appendix 1.
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Deferred Payment Option with respect to any Common Shareholder, shall mean the option for such Common Shareholder to receive, subject to Section 1.12, the Merger Consideration to which such Shareholder is entitled under Section 1.7 from Parent; and with respect to any Optionholder, shall mean the option for 1. Following the Effective Time, a pro rata share of any Deficit Election Amount, as set forth in Section 1.8(b) hereof and, with respect to any Company Option, less any required withholding or deduction and the amount of the exercise price thereof (“Closing Deferred Election Consideration”). 2. Upon the first anniversary of the Closing Date, a pro rata share of the First Installment Payment, subject to the rights of the Closing Common Electees and the Closing Option Electees to recover any Excess Election Amount and the First Installment Closing Election Consideration, and, with respect to any Company Option, less any required withholding or deduction and, to the extent necessary, the amount of the exercise price thereof (“First Installment Deferred Election Consideration”). 3. Upon the second anniversary of the Closing Date, a pro rata share of the Second Installment Payment, subject to the rights of the Closing Common Electees and the Closing Option Electees to recover any Excess Election Amount and the Second Installment Closing Election Consideration, and, with respect to any Company Option, less any required withholding or deduction and, to the extent necessary, the amount of the exercise price thereof (“Second Installment Deferred Election Consideration”). 4. Within five (5) business days after the written certification by each of an authorized officer of Parent and the Shareholders’ Representative that any claim for indemnification pursuant to Section 9.1 for which amounts were reserved and not paid to the Shareholders upon the first or second anniversary of the Closing Date, as applicable, has been resolved, an amount in cash (without interest) equal to the quotient obtained by dividing (A) such Common Released Indemnification Payment by (B) the Common Share Amount, and, with respect to any Company Option, less any required withholding or deduction. Such written notice may be provided with respect to any such indemnification claim at any time after the first anniversary of the Closing Date.
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Deferred Payment Option shall have the meaning set forth in Section 1.8(c)(ii).
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Examples of Deferred Payment Option in a sentence

  • If the Director elects the Deferred Payment Option or to receive payments in equal monthly installments, the Company shall continue to credit interest on the remaining account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Director' s Termination of Service.

  • Deferred Payment Option: This payment option affords the bidder additional time after the sale to pay any balance due from a purchase price that exceeds $5,000.

  • If the Executive elects the Deferred Payment Option or to receive payments in equal monthly installments, the Company shall continue to credit interest on the remaining account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Executive's Termination of Employment.

  • If the Executive elects the Deferred Payment Option or to receive payments in equal monthly installments, the Company shall continue to credit interest on the remaining account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Executive' s Termination of Employment.

  • Deferred Payment Option (DPO)A Deferred Payment Option is not available with this service.

  • If the Director elects the Deferred Payment Option or to receive payments in equal monthly installments, the Company shall continue to credit interest on the remaining account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Director's Termination of Service.

  • Installation, service establishment, service ordering and any other nonrecurring charges applicable to items furnished under this Plan may be paid in full at the time of installation or may be deferred according to the terms and conditions specified in PRICES - Deferred Payment Option described later in this Section.

  • Installation, service establishment, service ordering and any other nonrecurring charges applicable to items furnished under this Plan may be paid in full at the time of installation or may be deferred according to the terms and conditions specified in Prices - Deferred Payment Option described later in this Section.

  • Company shall comply with all applicable laws, rules and regulations in connection with the offering and implementation of the Deferred Payment Option, and shall provide all applicable notices required in connection with any adverse credit decision or other action.

  • Company will evaluate the creditworthiness of each applicant for the Deferred Payment Option and will be solely responsible for making the decision to extend or deny the Deferred Payment Option, in Company’s sole discretion.


More Definitions of Deferred Payment Option

Deferred Payment Option means an initial advance to the Seller by GrainCorp or its assignee of approximately 70% of the First Payment Price less all estimated Expenses (or as agreed) to be paid in July, with Final Payment then made by GrainCorp or its assignee to the Seller upon Finalisation.
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Deferred Payment Option means the Net Participant Incentive payments (if any) to be received by the Participant from the LDC after the In-Service Date where the Participant elects, the deferred incentive payment option and paid to the Participant in accordance with Appendix 1.
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Deferred Payment Option means the payment option specified in clause 7.
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Related to Deferred Payment Option

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant's Separation Date.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.10(b) as a result of the delivery of a Reinvestment Notice.

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Class A-PO Deferred Amount For any Distribution Date prior to the Subordination Depletion Date, the difference between (A) the sum of (x) the amount by which the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution Dates exceeded the amounts distributed on the Class A-PO Certificates on such prior Distribution Dates pursuant to Paragraph third clause (2) of Section 4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which became a Liquidated Loan at any time on or prior to the last day of the Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal Receipts for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Discount Mortgage Loan and (B) the sum of (x) the sum of the Class A-PO Recoveries for such Distribution Date and prior Distribution Dates and (y) amounts distributed on the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and after the Subordination Depletion Date, the Class A-PO Deferred Amount will be zero. No interest will accrue on any Class A-PO Deferred Amount.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • Deferred Consideration shall have the meaning ascribed to such term in Section 4(d).

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, in each case to avoid the application of Section 163(e)(5) of the Code thereto.

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Make-Whole Payment means, with respect to any Series 2018-2 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2018-2 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2018-2 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.