Initial Down Payment definition

Initial Down Payment means an amount equal to $100,000,000.
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Initial Down Payment has the meaning ascribed to it in Section 4.2.1.
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Initial Down Payment means the payment made by Buyer pursuant to Section 4.3.1.
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Examples of Initial Down Payment in a sentence

  • Purchaser shall pay to the Provider the Initial Down Payment for the applicable Purchased Accounts on the Weekly Closing Date, less the Purchaser's minimum discount fee.

  • The "REPURCHASE PRICE" for an Ineligible Account (a "REPURCHASED ACCOUNT") shall be equal to (i) the sum of the Initial Down Payment for such Account plus the amount of Purchaser's discount fees for such Account accrued through the date of Provider's repurchase of such Account, less (ii) any amount collected by the Purchaser with respect to such Ineligible Account.

  • If, upon a material condemnation or casualty prior to the end of the Review Period, Purchaser elects to terminate this Agreement, the Initial Down Payment shall be returned to Purchaser by the Seller, in which event this Agreement shall, without further action of the parties, become null and void and neither party shall have any further rights or obligations under this Agreement.

  • The Initial Down Payment, and so much of sums as may have been so deposited with Escrow Agent at any given time, together with any interest accrued thereon, is hereinafter referred to as the "Xxxxxxx Money." The Xxxxxxx Money, together with interest earned thereon, shall be returned to AEGIS at Closing or, if this Agreement is terminated prior to Closing, to the party or parties entitled to receipt of the Xxxxxxx Money as otherwise provided hereunder.

  • In the event either the First Additional Down Payment or the Final Additional Down Payment are not timely paid (time being of the essence), Sellers may declare Option Holder in immediate default, this Agreement shall be immediately terminable by Sellers, and Radio 1440 shall be entitled to retain all down payments (i.e., the Initial Down Payment and/or the First Additional Down Payment) already paid.

  • If Purchaser determines that the Property is unsuitable for its purposes and notifies Seller of such decision within the Review Period (or if Purchaser fails to deposit the Interim Down Payment by expiration of the Review Period), the Initial Down Payment shall be returned to Purchaser, at which time this Agreement shall be null and void and neither party shall have any further rights or obligations under this Agreement, except those which by their terms expressly survive such termination.

  • For the purpose of securing the performance of AEGIS's obligations under the terms and provisions of this Agreement and as a condition precedent to Contributors' obligations hereunder, simultaneously with the execution and delivery of this Agreement, AEGIS shall pay, by check subject to collection, to Royal Abstract (the "Escrow Agent"), the amount of Fifty Thousand Dollars ($50,000.00), which amount (the "Initial Down Payment") Escrow Agent shall deposit in an interest-bearing account.

  • Down Payment: The Initial Down Payment and the Second Down Payment.

  • If Purchaser determines that the Property is unsuitable for its purposes and notifies Seller of such decision within the Review Period (or if Purchaser fails to deposit the Final Down Payment by expiration of the Review Period), the Initial Down Payment shall be returned to Purchaser, at which time this Agreement shall be null and void and neither party shall have any further rights or obligations under this Agreement, except those which by their terms expressly survive such termination.

  • Within two (2) Business Days after Buyer's receipt of a counterpart of this Agreement as executed by Seller, Buyer shall pay the Initial Down Payment to Escrow Agent and deliver to Seller the Escrow Agreement as executed by Buyer and Escrow Agent, time being of the essence, failing which Seller may terminate this Agreement upon written notice to Buyer.


More Definitions of Initial Down Payment

Initial Down Payment means Two Hundred Fifty Thousand -------------------- and No/100 Dollars ($250,000.00) to be paid to Escrow Agent.
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Related to Initial Down Payment

  • 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.

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

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

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

  • Legal Final Payment Date means the one-year anniversary of the Expected Final Payment 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;

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

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

  • Initial Trip Payment means the first payment made to the Insured’s Travel Supplier toward the cost of the Insured’s Trip.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Initial Fee means any fee charged to initiate a contract

  • Introduction Fee means the fee payable by the Client to the Agency for an Introduction resulting in an Engagement;

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • 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.

  • L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • Additional Payment is as defined in Section 6 of the Agreement.

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

  • Initial Amount means, with respect to the Proposition 1A Receivable, the amount of property tax revenue reallocated away from the Seller pursuant to the provisions of Section 100.06 of the Revenue and Taxation Code, as certified by the County Auditor pursuant to the Act.

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

  • Interim Payment has the meaning specified in Section 10.1.

  • Initial Notional Amount With respect to any Class or Subclass of Interest Only Certificates, the amount initially used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement.

  • Disbursement Date is defined in Section 2.6.2.

  • Upfront Payment has the meaning set forth in Section 4.1.