First Option Payment definition

First Option Payment has the meaning set forth in section 2.5(a);
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First Option Payment means the sum of the Project First Option Payments for those Eligible Properties not rejected during the Feasibility Period in accordance with the terms of this Agreement, plus interest, if any, earned thereon.
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First Option Payment has the meaning provided in the Governance Agreement.
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Examples of First Option Payment in a sentence

  • Interest earned on the First Option Payment shall be considered part of the First Option Payment.

  • In adults, meta-analytic evidence suggests that testosterone is pos­ itively associated with aggression, with higher associations found for the age group of 22 to 35 years and in offender compared to non-offender populations (Archer et al.

  • The First Option Payment shall be deposited by Escrow Holder in an interest bearing account with a federally insured national bank.

  • The amount of the First Option Payment and the amount of the Second Option Payment (if the Second Option Payment is made prior to the Closing Date) shall be credited to the portion of the Purchase Price payable to Sellers and the amount of the wire transfers reduced accordingly.

  • If Optionee rejects, or is deemed to have rejected, one or more Eligible Properties during the Feasibility Period in accordance with the terms of Section 4(a)(ii) hereof, then the Project First Option Payment (or Project First Option Payments) applicable to such Eligible Property (or Eligible Properties) shall be refunded to Optionee without necessity of any instruction from Optionors.

  • If the Options terminate pursuant to the preceding sentence, then (i) none of the parties hereto shall have any further rights or obligations under this Agreement as of the date of such termination of the Options, and (ii) Sellers shall be entitled to retain the First Option Payment.

  • The First Option Payment shall be applied to the purchase by RPR of ABI capital stock in accordance with the terms of the Stock Purchase Agreement.

  • If Optionee terminates, or is deemed to have terminated, this Agreement at any time prior to the Option Acceptance Date in accordance with the terms of Section 4(a)(ii) hereof, then the First Option Payment shall be refunded to Optionee without necessity of any instruction from Optionors.

  • Supervisor Stumbo asked if this proposed nonresident senior membership rate would interfere with leagues and tournaments.

  • Within ten (10) days after the First Option Period -------------------- Initiation Date, RPR shall pay to ABI, by wire transfer, the sum of $1,500,000 (the "First Option Payment") ; provided, however, that RPR shall not be obligated to make such payment until the Cobe Distribution Agreement has been amended as contemplated by Section 2.4 of the License Agreement.


More Definitions of First Option Payment

First Option Payment means the sum of $1,500,000 payable by RPR to ABI as specified in Section 2.2 hereof.
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First Option Payment means Six Hundred Thousand United States Dollars (USD600,000), which will be satisfied by the issuance of Akanda Shares in the name of the Owner in accordance with this Agreement;
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First Option Payment means Six Hundred Thousand United States Dollars (USD600,000), which will be satisfied by the issuance of Axxxxx Xxxxxx in the name of the Owner in accordance with this Agreement;
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First Option Payment means the First Option Payment as defined in the Option Cancellation Agreement.
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First Option Payment means the amount of $2,100,000 to be paid by BGL to PGR, or as directed by PGR, in instalments of $500,000 (which amount has already been paid) and $1,600,000 on the Closing Date;
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First Option Payment shall have the meaning set forth in Section 2.2. -------------------- "GAAP" shall mean generally accepted accounting principles. ---- "Gross Margin" shall mean the Net Revenue minus the cost of the goods ------------- sold, calculated in accordance with GAAP, but for purposes of this definition and this Agreement, in no event shall the cost of goods sold include the Royalties due VADUS for such sales.
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Related to First Option Payment

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

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

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

  • 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.

  • 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;

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • 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).

  • 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 –

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

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • subscription payments recurring payments” “reference transactions” "preauthorized transfers" or "preapproved payment." You can cancel your billing agreement at any time in your account interface or by contacting us. Where a payment under that billing agreement is scheduled to be made before the end of the next Business Day after you tell us to cancel it, we may cancel your billing agreement after that payment has been made. If you cancel a billing agreement, you may still owe the recipient money for goods or services that you have received but have not paid for. If we determine currency conversion is necessary for a billing agreement payment, and we perform the conversion, we will use the transaction exchange rate in effect at the time the payment is processed. The transaction exchange rate for each payment transaction may vary. Refunds to your account How refunds can happen We may allow the recipient of your payment to: • Refuse to accept it. • Decide to accept it and then use our service to send you a refund of all or any part of the amount of the payment later. We will return the amount of any refused payment or refunded payment to your Balance. We will return the amount of an unclaimed payment to your balance within 30 days after the date you initiated the payment. If any amount of any payment is returned to you in any of the ways outlined above, we may convert the returned amount for you into either: • The currency of the balance you used for the original payment (before any conversion into the currency received by the recipient happened). • The opening currency of your account. • US dollars (opening a balance in that currency for you, if you don’t have one already). If the original payment you sent involved a currency conversion we will convert the returned amount from the currency received by the recipient as follows: • If the amount is returned within one day of the date of the original payment we will use our transaction exchange rate applicable on the date of the original payment, so that you receive the original amount in the original currency you converted for the original payment. • If the amount is returned after one day of the date of the original payment we will use and you agree to accept our transaction exchange rate applicable at the time of the conversion of the returned amount. The transaction exchange rate may be applied immediately and without notice to you. We may also automatically withdraw the returned amount from your Balance and transfer the funds back to the funding source you used for the original payment. Withdrawals can also involve a currency conversion – see the section on Withdrawing money above. Risks when receiving refunds The returned amount could be lower in value than your original payment amount. This can happen as a result of: • The recipient sending you a refund lower in value than your original payment amount. As we are only a payment service provider, we cannot know what you are entitled to from the original payment recipient as a refund or why the recipient sent the refund in a particular amount. • Transaction exchange rate fluctuations. PayPal is not responsible for any loss resulting from the recipient's decision to refuse or refund your payment, except to the extent that a refund sent by the recipient is a payment executed incorrectly by PayPal We are not liable to you for the difference between the value of your original payment and the value of the resulting refund, except to the extent that the refund is an incorrect payment (see the section on Resolving Problems).

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • 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.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Delta Payment means as it is described in this Agreement.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • 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).

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

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

  • Closing Payment Amount will have the meaning set forth in Section 1.3(a).

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.