Election Payment definition
Examples of Election Payment in a sentence
If Merck pays the Participation Election Payment for a given Program, Moderna shall assign and transfer ownership of all relevant INDs or CTAs and Regulatory Filings (other than DMFs) then held by Moderna (or any of its Affiliates) for Collaboration Products for such Program to Merck in accordance with Section 4.3(b).
This Option 2 Election Payment shall be made concurrent with the exercise of this option.
If Merck pays the Participation Election Payment for a given Program, then, subject to [***] and Exhibit E with respect to a Joint SAV Program, the Parties will share in Cash Profits or Losses with respect to Collaboration Products from such Program as follows: Moderna will bear (and be entitled to) fifty percent (50%), and Merck will bear (and be entitled to) fifty percent (50%) (the “Profit & Loss Share”).
In the event Gatherer fails to timely make the Election Payment when due under Section 1.2 of this Exhibit S, EQT Corp.
Subject to section 5.6, a KCN Investment Entity may grant a security interest in distributions on its Units as collateral to a Permitted Party, or to a bank, credit union, insurance company, pension fund or other financial institution in Canada in the business of lending money to commercial borrowers in Canada, or to such other lender as may be approved in writing by Hydro in the manner provided in section 5.6, where the sole purpose of the loan is to use the proceeds to fund an Election Payment.
Notwithstanding the foregoing, if Customer has previously made launch vehicle payments exceeding the Option 3 Election Payment, Customer's Option 3 Election Payment shall be offset and Contractor ****** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.
For so long as Gatherer satisfies the Minimum Credit Standard during the term hereof, Gatherer shall not be obligated to post or issue, or cause to be posted or issued, any Credit Support to support Gatherer’s Election Payment obligations hereunder.
The Company hereby agrees, if applicable, to solicit Holders of Corporate Units to timely instruct the Purchase Contract Agent as to the exercise of such voting rights in order to enable the Purchase Contract Agent to vote such Notes.
If, at any time after the Effective Date, Gatherer is subject to a Downgrade, Gatherer shall promptly notify Producer in writing of the occurrence of the Downgrade and shall deliver Credit Support in an amount equal to the Election Payment Amount within five (5) Business Days of the Downgrade.
Any such Credit Support provided by Gatherer shall be maintained in full force and effect through a period ending as of the earlier of (a) the date that Gatherer satisfies the Minimum Credit Standard, (b) the date on which Producer elects (or is deemed to have elected) not to exercise the Election and (c) the date on which the Election Payment has been made in full.