Installment Payment Conditions definition

Installment Payment Conditions means that (i) the Provider Network (i.e., the Practice Operator as that term is defined in the Management Services Agreement) having been and continuing to be in compliance with all of the terms and conditions applicable to the Practice Operator in the Management Services Agreement including, but in no way limited to, the timely payment in full of the Operations Fee and Base Management Fee (as those terms are defined in the Management Services Agreement); except with respect to such matters which would not have a Material Adverse Effect on the Subsidiary, the Provider Network, PainCare or their business or operations with the understanding and agreement that a termination of such Management Services Agreement (for reasons other than an uncured breach of the Agreement by Manager) shall be deemed for these purposes, without the need of any additional proof, as having a Material Adverse Effect on the Subsidiary, the Provider Network, PainCare and their business and operations; (ii) the Shareholders and the Company having been and continuing to be in compliance with all of the terms and conditions applicable to them in this Agreement except with respect to such matters which would not have a Material Adverse Effect on the Subsidiary, the Provider Network, PainCare or their business or operations with the understanding and agreement that the failure to provide indemnity pursuant to Section 13 or an uncured default with respect to Section 7 by the Shareholders shall be deemed for these purposes, without the need of any additional proof, as having a Material Adverse Effect on the Subsidiary, the Provider Network, PainCare and their business and operations; and (iii) the Provider Network and each of the Shareholders having been and continuing to be in compliance with all of the terms and conditions of the Employment Agreement, except with respect to such matters which would not have a Material Adverse Effect on the Subsidiary, the Provider Network, PainCare or their business or operations with the understanding and agreement that a termination of a Shareholder’s Employment Agreement by the Provider Network or PainCare, on its behalf, pursuant to any provision under Section 6.1 of such Employment Agreement shall be deemed for these purposes, without the need of any additional proof, as having a Material Adverse Effect on the Subsidiary, the Provider Network, PainCare and their business and operations. To the extent that any of the Installment Payment Conditions ar...
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Installment Payment Conditions has the meaning set forth in Section 4.4. 0.60
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Installment Payment Conditions means that (i) the Company (i.e., the Practice Operator as that term is defined in the Management Agreement) having been and continuing to be in compliance with all of the terms and conditions applicable to the Practice Operator in the Management Agreement, including but in no way limited to, the timely payment in full of the Operations Fee and Base Management Fee (as those terms are defined in the Management Agreement); (ii) the Sellers having been and continuing to be in compliance with all of the terms and conditions applicable to the Sellers in this Agreement and (iii) the Company and the Members having been and continuing to be in compliance with all of the terms and conditions applicable to them as provided in the Company’s articles of organization and its amended and restated operating agreement. To the extent that any of the Installment Payment Conditions are not satisfied during any of the first, second or third Formula Period(s), then for the applicable Formula Period where any of the Installment Payment Conditions are not satisfied, and each subsequent Formula Period, PainCare shall not be obligated to pay, and shall have no duty or obligation to ever pay, and the Company shall not receive, and shall have no right to ever receive, any Intended Installment Payment (or the Adjusted Installment Payment or the Installment Payment Premium, as the case may be) that may otherwise be due the Company.
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Examples of Installment Payment Conditions in a sentence

  • If the Installment Payment Conditions have not occurred on or before June ___, 2012, this note shall automatically be null and void and Maker shall have no further obligation hereunder.

  • Subject to the satisfaction of all of the Installment Payment Conditions (as defined in 4.4(f)(vi) below), PainCare will pay to the Shareholder a total amount of additional consideration of Thee Million and No/100 Dollars ($3,000,000), payable in three (3) equal annual installments of One Million and No/100 Dollars ($1,000,000) (each an “Intended Installment Payment”) in the form of consideration as provided in Section 4.4(d) below and subject to adjustment as provided in Sections 4.4(b) and (c) below.

Related to Installment Payment Conditions

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

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

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

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the quotient of (I) the Principal amount outstanding under this Note as of the initial Installment Date, divided by (II) the number of Installment Dates occurring hereunder (as determined as of the initial Installment Date assuming no Deferrals, Accelerations, redemptions or conversions hereunder prior to the Maturity Date) and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest and Make-Whole Amount with respect thereto as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of the each unpaid Installment Amount hereunder.

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Installment Date as defined in Section 2.12.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

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

  • Payment Amount as defined in Section 3.5.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

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

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Installment buyer or "buyer" means a person that buys, hires, or leases a motor vehicle for personal, family, or household use, and not for commercial, business, or agricultural use, under an installment sale contract or a legal successor in interest to that person.

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

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • 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.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

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

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Redemption Payment Date As defined in Section 13.1.

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

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.