Litigation Payment definition

Litigation Payment has the meaning set forth in Section 9.13.
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Litigation Payment means a payment in relation to any litigation, arbitration or administrative claims, proceedings or investigations or as required by any judicial or arbitral or court order. Lock-Up Agreement means the lock-up agreement dated 11 July 2018 between SIHNV, the Original Issuer and Xxxxxxxxx Europe AG, among others. LWG has the meaning given to that term in the Umbrella Agreement. Majority 21/22 Creditors means, at any time, those Creditors whose Facility A1 Commitments at that time aggregate more than 66 2/3 per cent. of the Total Facility A1 Commitments.
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Litigation Payment has the meaning provided in Section 9.11.
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Examples of Litigation Payment in a sentence

  • The principal of the Notes is also subject to reduction, effective as of the date of payment, by reason of a Litigation Payment Principal Reduction.

  • The Company shall promptly give notice to the Trustee of any Merger Consideration Principal Reduction or Litigation Payment Principal Reduction (and concurrently send a copy of its notice to the Shareholder Representative).

  • By: Name: Title: UTCG HOLDINGS, LLC By: Name: Title: XXXXXX XXXXX The undersigned hereby guarantees the prompt and complete payment (i) by Domestic of the Note in accordance with its terms and conditions, and (ii) by IDT of the Litigation Payment in accordance with the terms and conditions set forth in the Agreement.

  • In the event of a Merger Consideration Principal Reduction or a Litigation Payment Principal Reduction, the aggregate principal of all outstanding Notes and all outstanding 4.5% Notes shall be reduced on a pro rata basis.

  • In the event of a Merger Consideration Principal Reduction or a Litigation Payment Principal Reduction, the aggregate principal of all outstanding Notes and all outstanding 3.5% Notes shall be reduced on a pro rata basis.

  • In such event, (i) Tracor shall not execute the Tracor Litigation Note, and (ii) the Initial Cash Payment shall be increased by an amount equal to $26,500,000 minus the amount of the Litigation Payment which is in excess of $4,480,000.

  • On the Litigation Payment Date, Tracor shall pay or cause to be paid the Litigation Payment, and shall pay or cause to be paid the unpaid principal amount of the Tracor Litigation Note, less the Second Tranche Litigation Payment, plus accrued and unpaid interest, in cash to the Exchange Agent for the benefit of the Holders.

  • Seller has not filed for bankruptcy and, to the best of the Seller’s knowledge, no Underlying Contract or Litigation Payment attributable to such Underlying Contract has been subject to any bankruptcy proceedings since the date of such Underlying Contract.

  • The Borrower will use the proceeds of the Loans only for the purposes specified in the Recitals to this Agreement and, with respect to the SPA Loan and the SPA Term Loan, only on the Gotham Litigation Payment Date and the Separation Agreement Payment Date, respectively.

  • In addition, the Borrower shall pay to the Administrative Agent for the account of and distribution to each Lender in accordance with its SPA Loan Percentage a commitment fee for the period commencing on the Closing Date, to and including the Gotham Litigation Payment Date computed at a rate per annum equal to the Commitment Fee Percentage on the average daily excess amount of the SPA Loan Commitments over the SPA Credit Exposure.


More Definitions of Litigation Payment

Litigation Payment has the meaning provided in Section 5.17.
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Litigation Payment means the amount payable by the Company, the Surviving Corporation and/or Tracor to Moore as a result ox xxx settlement or resolution of the Litigation.
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Litigation Payment. The right of the applicable Originator (and any assignees of the applicable Originator, and their assigns) to receive a portion of the Litigation Proceeds arising from an Underlying Contract, together with all rights under such Underlying Contract with respect to the related Purchase Price, all Additional Amounts accrued on such Purchase Price and all other amounts payable to the Originator (and any assignees of the applicable Originator, and their assigns, including the Seller) pursuant to or in connection with such Underlying Contract.
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Related to Litigation Payment

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

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

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

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

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

  • 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 –

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • 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.

  • 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.

  • 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).

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

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • Litigation Expense means any expenses reasonably incurred in connection with investigating, defending or asserting any claim, action, suit or proceeding incident to any matter indemnified against under this Agreement, including, without limitation, court filing fees, court costs, arbitration fees or costs, witness fees, and fees and disbursements of legal counsel, investigators, expert witnesses, accountants and other professionals.

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • 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.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • 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;