Election Payment definition

Election Payment means the fair market value amount to be paid by a holder of Class E Inactivated Units to activate all or a portion of such Units and commence receiving distributions out of Distributable Cash in respect of such activated Units, as provided in the LP Agreement.
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Election Payment. As defined in SECTION 4.3.1 for Segment A.
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Election Payment has the meaning set forth in Section 1(e)(iii).
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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).

  • 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”).

  • Prior to making payment of an Election Payment, the Noteholder Representative shall agree with the Swap Counterparty and the Calculation Agent on the extent of the reduction of the Portfolio Reference Amount and such reduction to the Portfolio Reference Amount shall take effect on the date of receipt of such Election Payment by the Swap Counterparty.

  • The USD equivalent amount of each Election Payment (as determined by the Calculation Agent) shall not be permitted to be less than 5 per cent.

  • The Development Election Payment will be made to VERTEX and [***].

  • Statham 5 Day Aug’19 Toilet Clean 50.00PBC Election Payment 307.152 New Car Park Locks – D.

  • The Committee, in its sole and absolute discretion, consents to the Participant's election to change the Form of Election Payment.

  • Section B: Payment Method Election Payment Election □ I elect to have the entire amount of the distribution made payable directly to me.

  • If such Seller or Sellers dispute the amount or validity of any such claim, WRF agrees that it will deposit the disputed amount (up to the amount of any Contingent Payment or Transfer Event Election Payment which is then otherwise due and payable) with an unaffiliated third party escrow agent reasonably acceptable to WRF and such Seller or Sellers pending final determination of such claim.

  • The Plan satisfies this requirement by providing for, among other things:• the sources of Cash for distributions under the Plan, including: (1) proceeds from the Exit Facility; (2) Cash on hand as of the Effective Date; and (3) Cash from the Axar Cash Election Payment and any other Cash to be paid by the Axar Entities and the Alden Entities under the Cash Election Commitment Agreement, Plan, Art.

Related to Election Payment

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Termination Payment has the meaning set forth in Section 6.03.

  • Cash Election Amount means the product of the number of Cash Election Shares multiplied by the Cash Election Consideration.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Termination Payments has the meaning specified in Section 10(a).

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).

  • Payment Amount as defined in Section 3.5.

  • Debit Payment means a particular transaction where a debit is made.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”