Examples of Guaranteed Payment Date in a sentence
For purposes of this Section 13.5, the Class A Limited Member Preferred Return shall be determined as if each Liquidation Period Guaranteed Payment Date constituted a Class A Distribution Date.
The contractor, client, heating and energy firms, and the facility manager formed a partnership, in the form of a multi-party contract, an integrated contract that included sophisticated energy requirements and 20 years maintenance.
For purposes of this Section 13.7, the Limited Member Preferred Return shall be determined as if the last Class A Distribution Date and Class B Distribution Date occurring prior to the Liquidation Period and each Liquidation Period Guaranteed Payment Date constituted a Class A Distribution Date or Class B Distribution Date, as the case may be.
Notwithstanding anything herein to the contrary, if Buyer fails to make the payments set forth in Section 3.1, 3.2, and/or 3.4 by the respective Payment Date, Quarterly Payment Date, and/or Guaranteed Payment Date, Seller will charge a late fee of the lesser of a) * and a * percent (*%) per month and b) the maximum rate allowable by applicable law on any balance remaining unpaid for more than thirty (30) days from the each payment due date stipulated in this Agreement, and Buyer shall pay such late fee.
To the extent that the value of the Guaranteed Payments otherwise due on any Guaranteed Payment Date is less than the amount of the unreimbursed Losses incurred prior to such Guaranteed Payment Date, the Guaranteed Payments otherwise payable on next Guaranteed Payment Date thereafter shall be appropriately reduced.
AVT shall reduce the cash portion of the applicable Annual Guaranteed Payment so that such payment shall not, when taken together with the Class A Cash Consideration, the Class B Cash Consideration and the cash paid or payable as of such Guaranteed Payment Date under this Section 3.3, constitute more the sixty percent (60%) of the Merger Consideration.
Distributions will be payable, in arrears, to holders of record of Series B Preferred Units as they appear on the books of the Partnership on each record date, which shall be not more than 45 days preceding the applicable Guaranteed Payment Date, as shall be fixed by the General Partner.
Notwithstanding anything to the contrary in this Section 3.3(a), in no event shall the Class A Holder receive more than 100,000 Guaranteed Payment Shares on any Guaranteed Payment Date.
Additional consideration of $978,355 --------------------------- (the "Annual Guaranteed Payments") will be paid by AVT to the Class A Holder within 30 days after the end of each of the years ending December 31, 2001, 2002 and 2003 (each a "Guaranteed Payment Date") except in the event of the Class A Holder's death or total disability (as defined below), in which case the requirements of Section 3.3(e) shall govern.