NOL Payment definition

NOL Payment is defined in Section 5.01 of this Agreement.
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NOL Payment means any payment made to Holdings after the Closing Date pursuant to Section 8.06 of the Acquisition Agreement.
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Examples of NOL Payment in a sentence

  • The amount of all or any portion of any Tax Benefit Payment or Early Termination Payment required to be made by the Corporation to Virgin under this Agreement (an “NOL Payment”) not made to Virgin when due under the terms of this Agreement shall be payable together with any interest thereon, computed at the Default Rate and commencing from the date on which such NOL Payment was due and payable.

Related to NOL Payment

  • Change of Control Payment has the meaning set forth in Section 4.01(b).

  • Change of Control Payments means the aggregate amount of all change of control or bonus payments that are payable by the Company and its Subsidiaries to any Person solely as a result of the consummation of the Closing, together with any employer-paid portion of any employment and payroll taxes related thereto; provided, however, that in no event shall any (a) retention payments made pursuant to any Employment Agreement or (b) any severance payments made to employees who are terminated on or after the Closing Date be considered Change of Control Payments.

  • Change in Control Payment shall have the meaning stated in Section 6.4 hereof.

  • Change in Control Payments means all change in control, transaction, retention and similar bonuses or payments, paid or payable by the Acquired Companies to any current or former directors, managers, officers, employees, or other Persons as a result of the Closing of the Transactions or the execution of this Agreement, including any deferred compensation, in each instance, plus the employer portion of any employment Taxes due in connection with any such payments, but excluding, for the avoidance of doubt, severance payments relating to a termination of employment following the Closing.

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

  • 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.

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

  • Change of Control Payment Date has the meaning provided in Section 4.15.

  • 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.

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

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Shortfall Payment has the meaning specified in Section 3.7.

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

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

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

  • Bill Payment is the online service that enables the scheduling of bill payments using a personal computer;

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

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Partial Payment means any payment by Borrower, other than a voluntary prepayment permitted under the Note, which is less than a full outstanding Periodic Payment.

  • Final Payment Percentage is five percent (5.00%).

  • 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.

  • Interim Payment has the meaning specified in Section 10.1.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

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

  • 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.

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