Extension Payments has the meaning given to it in Section 5.3;
Extension Payments shall have the meaning set forth in Section 6.1 hereof.
Extension Payments shall have the meaning provided in Section 4.2 hereof. “Facility” means the renewable power plant developed, constructed and operated pursuant to this Agreement and all equipment used to produce the electric energy generated at such renewable power plant and being sold under this Agreement, including but not limited to, all generating equipment, isolation transformers, buildings, and other facilities necessary to connect to the Delivery Point and produce the Net Energy being sold under this Agreement, and all equipment that is owned or controlled by Seller required for parallel operation with the Transmission System.
Examples of Extension Payments in a sentence
The Extension Payments shall cease permanently when the Vehicle is able to begin mining operations.
The Extension Payments would end when the Vehicle is able to begin operations.
Immediately upon GRAPH-TECH making a Development Decision, the Extension Payments to Mazarin shall cease and the Vehicle shall initiate reasonable efforts to begin mining operations within 24 months.
The Extension Payments will recommence as if the Development Decision and the time period in between had not occurred.
Should the Vehicle be unable to begin operations within the 24 months for reasons other than (i) a force majeure event or by (ii) inaction or event caused or contributed to by Mazarin, which delay the beginning of mining operations, GRAPH-TECH shall recommence Extension Payments to Mazarin.
More Definitions of Extension Payments
Extension Payments has the meaning set forth therefor in Section 3.2(b). “First Closing” is defined in the DDA.
Extension Payments shall have the meaning set forth in SECTION 8.21.
Extension Payments shall have the meaning ascribed in Section 3.7.
Extension Payments under and as defined in section 8.21(b) of the Levixx Xxxordinated Agreement, (e) make a payment in an amount not to exceed $3,000,000 to fund the escrow account provided for in section 5(a) of the Levixx Xxxe or in section 8.21 of the Levixx Subordinated Agreement, provided, that such escrow funds shall not be paid over to Levixx xxxor to payment in full of all obligations of the Company to the Lenders under this Agreement, (f) make scheduled (but not accelerated) payments in an aggregate amount not to exceed $275,000 to pay the "consulting fee" referred to in section 1.4 of the Investor Rights Agreement, together with payments to reimburse Levixx xxx reasonable out-of-pocket expenses incurred in connection with Levixx'x representative serving on the Company's Board of Directors or any committee thereof, (g) make payments of fees and expenses payable pursuant to section 12.15 of the Levixx Xxxordinated Agreement or section 14 of the Levixx Xxxe and (h) make payments (not to exceed $700,000) of the "closing fee" under section 6.8 of the Levixx Subordinated Agreement. Notwithstanding anything to the contrary in the Levixx Subordinated Debt Documents, the Company agrees that, except as expressly set forth above, it will not at any time make any payment of any kind or nature (or set aside any sums therefor), in respect of the Levixx Xxxordinated Debt. For the avoidance of doubt, the Company shall not make any voluntary or involuntary prepayments of the Indebtedness under the Levixx Xxxordinated Documents except (i) from proceeds of the key man life insurance policy in accordance with clause (c) above and the other provisions of this subsection 6.5, and (ii) simultaneously with the final repayment in full in cash of all obligations of the Company to the Lenders under the Loan Agreement and the other Loan Documents, with proceeds of loans under the New Senior Credit Facility (as such term is defined in the Levixx Xxxordinated Agreement)." The provisions of this subsection 6.5 are solely for the purpose of defining the relative rights of the Agent and the Lenders on the one hand, and the holders of Subordinated Debt on the other hand, and none of such provisions shall impair, as between the Company and any holder of the Subordinated Debt, the obligations of the Company, which are unconditional and absolute, to pay to such holder all of the Subordinated Debt in accordance with the terms thereof, subject in each instance to the rights of the Agent
Extension Payments shall have the meaning provided in Section 4.2 hereof. “Extraordinary Event Period” shall have the meaning provided in Section 11.10 hereof. ELECTRONICALLY FILED - 2019 September 20 5:06 PM - SCPSC - Docket # 2019-184-E - Page 8 of 66
Extension Payments means the payment of $112,500 made by the Contributor into the Trust Account on August 15, 2023 and any additional payment to be made by the Contributor on or prior to September 15, 2023, or any later applicable termination date if JGGC, if requested by the Sponsor, without another shareholder vote, elects to extend the termination date on a monthly basis for up to three times by an additional one month each time after September 15, 2023, by resolution of JGGC’s board, if requested by the Sponsor and upon five days’ advance notice prior to the applicable termination date, until December 15, 2023, in the amount of the lesser of (i) $0.0225 per Class A Ordinary Share that remains outstanding and is not redeemed prior to September 15, 2023 or any such following one-month extension until December 15, 2023 or (ii) an aggregate of $112,500, for each month of the extension period up to and until December 15, 2023, pro-rated for partial months during the extension period, resulting in a maximum contribution of $450,000.
Extension Payments means the payments described in Section 3.6.