LOI Payment definition

LOI Payment has the meaning set forth in Section 2.5.
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LOI Payment means the $25,000,000 payment made by Optionee to the Company on November 24, 2008 pursuant to the Letter of Intent.
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LOI Payment as defined in Section 2.2 (a) (i).
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Examples of LOI Payment in a sentence

  • Optionee shall pay the Company as consideration for the Option an aggregate of $50,000,000 (fifty million dollars), consisting of (a) the LOI Payment and (b) upon the execution of this Agreement, the payment to the Company of $25,000,000 (twenty-five million dollars) in consideration of the Option by wire transfer of immediately available funds to an account previously specified in writing by the Company.

  • On the Qualifying LOI Payment Date, if there are one or more Qualifying Leases which resulted from Qualifying LOI's for which Buyer did -10- 18 not make a payment to the Stockholders pursuant to Section 2.4(a), Buyer will make a payment to the Stockholders, in the aggregate, equal to four times the Value of each Qualifying Lease (other than a Qualifying Lease in respect of which a payment has been made pursuant to Section 2.4(a)) resulting from a Qualifying LOI (the "Qualifying LOI Value").

  • Section 2.4(a) Qualifying LOI Payment Due......................................

  • If Buyer elects to deliver shares of Buyer Common Stock the number of shares shall be determined by dividing the Qualifying LOI Value by the weighted average closing price for the shares of Buyer Common Stock as quoted on the Nasdaq National Market and reported in The Wall Street Journal during the period of thirty consecutive trading days ending on the third business day prior to the Qualifying LOI Payment Date.

Related to LOI Payment

  • 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.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

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

  • Interim Payment has the meaning specified in Section 10.1.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

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

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

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • 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).

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

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

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

  • Payment Amount as defined in Section 3.5.

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

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • 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.

  • Closing Payment has the meaning set forth in Section 2.2(a).

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

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Cash Exchange Payment means with respect to a particular Call Exchange for which the Corporation has elected to make a Cash Exchange Payment in accordance with SECTION 2.1 of this Agreement or a particular Put Exchange for which the Shareholder has elected to receive a Cash Exchange Payment (and such Cash Exchange Payment is capable of being made) in accordance with SECTION 2.2 of this Agreement:

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • 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.