Exit Payments definition

Exit Payments means an exit payment in an amount equal to (i) with respect to the Revolving Credit Facility, 5.00% of the Revolving Credit Commitments in effect on the Closing Date (such exit payment, the “Revolving Facility Exit Payment”), which such Revolving Facility Exit Payment shall be payable pursuant to and in accordance with Section 2.09(c)(i), (ii) with respect to the Initial Term B Loans, 2.12% of the aggregate principal amount of Initial Term B Loans incurred on the Closing Date (such exit payment, the “Initial Term B Loan Exit Payment”), which such Initial Term B Loan Exit Payment shall be payable pursuant to and in accordance with Section 2.09(c)(ii) and (iii) with respect to the Delayed Draw Term Loans, 1.50% of the aggregate principal amount of the Delayed Draw Term Loans incurred on the Delayed Draw Funding Date (such exit payment, the “Delayed Draw Term Loan Exit Payment”), which such Delayed Draw Term Loan Exit Payment shall be payable pursuant to and in accordance with Section 2.09(c)(ii).
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Exit Payments has the meaning given to it in Section 12.1 of this Schedule.
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Exit Payments has the meaning set forth in Section 2(a).
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Examples of Exit Payments in a sentence

  • Crane, Exit Payments in Settlement of Patent Infringement Lawsuits: Antitrust Rules and Economic Implications, 54 FLA.

  • Repayment of Public Sector Exit Payments Regulations The Government’s proposed regulations for repayment of exit payments are not yet in place and there is currently no date for implementation.

  • It should that noted however that the Government issued draft regulations concerning the recovery of Exit Payments made to those employees with the public sector and returning to the same within a period of 12 months.

  • The Restriction of Public Exit Payments Regulations 2020 came into force on 4 November 2020.

  • The Government cap on Public Sector exit payments came into force on 4 November 2020 and was formally revoked on 19 March 2021 via The Restriction of Public Sector Exit Payments (Revocation) Regulations 2021.

  • The Restriction of Public Sector Exit Payments Regulations 2020 came into force on 4 November 2020.

  • A member voiced his concerns about the Exit Payments Cap and looked forward to receiving more information when it was available.

  • A decision is still expected following the consultation relating to Public Sector Exit Payments.

  • In November 2020 the UK Government introduced The Restriction of Public Sector Exit Payments Regulations 2020 which restricted the value of severance packages to £95,000.

  • The Statement also has regard to updated guidance published by CIPFA in September 2016 and the supplementary statutory guidance issued by MHCLG: Guidance on Preparing and Maintaining Policies on Review of Employer Contributions, Employer Exit Payments and Deferred Debt Agreements.


More Definitions of Exit Payments

Exit Payments means a schedule of all payments required to be made or funded by the Debtors under the Plan on or before the Effective Date (including on account of accrued and unpaid professional fees and expenses).
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Exit Payments means the bonuses and gratifications due and payable by the Company to the persons entitled to receive the same, as set forth in the Flow of Fund Certificate.
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Exit Payments means those payments to be made to the Company by FWC pursuant to Section 2(a) of the Exit Funding Agreement.
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Related to Exit Payments

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Event Payments has the meaning set forth in Section 6.1(d).

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

  • Earnout Payments has the meaning set forth in Section 2.2(a).

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

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Change in Control Payments means any payments made or to be made by the Company to the Company Key Employees or any other Person pursuant to that certain Data Management & Research, Inc. Change in Control Plan dated as of August 1, 2000 or otherwise as a result of the consummation of the transactions contemplated by this Agreement, including any Taxes paid or payable by the Company as a result of such payments.

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

  • Bonus Payments means that portion of the bonus payments received by the

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Change of Control Payments means any and all bonuses or other obligations or payments arising or payable as a result of or in connection with the transactions contemplated hereby (whether due at or after the Closing, with or without the passage of time or occurrence of other events, or otherwise).

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • 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.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • 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.

  • Tax Distributions has the meaning set forth in Section 4.01(b)(i).

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Contingent Payments has the meaning set forth in Section 2.05(b).

  • 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.

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

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • 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 –