Novation Consideration definition

Novation Consideration means the amount of consideration to be paid by AIG-FP to UBS for
Sample 1
Novation Consideration means $44,120,000 paid by XL Life to ALRe as consideration for the Novations.
Sample 1
Novation Consideration means the amount payable by each Owner to Elandra under each Novation Side Letter being the amounts paid by Elandra up to the date of Completion in respect of (i) Contract instalments paid to the Builder under each Shipbuilding Contract, (ii) amounts paid to the Construction Supervisor in relation to the Vessels, (iii) other expenditure and out of pocket expenses incurred by Elandra or Xxxxxx in respect of the Vessels or the Shipbuilding Contracts as agreed between the Parties, (for the avoidance of doubt, excluding finance costs) which is detailed in Schedule 8 to this Agreement;
Sample 1

Examples of Novation Consideration in a sentence

  • The highest percentage ratio applicable to the Proposed JX Nippon Contract Novation pursuant to Paragraph 10.02(g) of the Listing Requirements is 169.07%, computed based on the Novation Consideration against the audited NA of the Group as at 31 December 2016.

  • Pending the occurrence of the effective date under the Novation Agreements and following payment of the Novation Consideration, Vitol shall procure that Elandra acts as agent for each Owner in respect of the relevant Shipbuilding Contract and related Refund Guarantee in accordance with the Agency Letter.

  • Payment of the Novation Consideration by YESB to THHE is now a Novation CP under the Executed Novation Agreement.

  • It is agreed that Vitol’s payment of its share of the Novation Consideration shall be deemed paid on behalf of each Owner simultaneously with Xxxxxxxx’x payment of its share of the Novation Consideration without requiring Vitol to physically transfer any amounts to Elandra pursuant to a Novation Side Letter.

  • The Purchase Price and the Novation Consideration shall amount to the aggregate sum of RM20,000,000 (“Offer Price”).

  • In consideration of the Proposed JX Nippon Contract Novation, YESB agrees to pay THHE the Novation Consideration within 14 days following the Trigger Date, subject to the delivery by THHE to YESB of a declaration on the absence of encumbrances over the JX Nippon Contract as at the Trigger Date.

  • YESB will pay the Novation Consideration within 14 days after the Trigger Date.

  • The Novation Consideration shall be calculated accordingly to the extent that any such rebates are received by Elandra or Vitol prior to the date of Completion.

  • The Parties agree that Xxxxxxxx’x portion of the Novation Consideration shall be subject to interest at a rate of five per cent (5%) from 7 March 2012 until its date of receipt by Elandra and the interest shall be payable simultaneously with the payment of the Novation Consideration under each Novation Side Letter.


More Definitions of Novation Consideration

Novation Consideration means in respect of each Vessel: (i) the Buyers' assumption of the Outstanding Cost Balance under the relevant Bareboat Charterparty as at Delivery; (ii) the Warrant Shares issued upon a valid exercise of the Warrant in respect of such Vessel; and (iii) the Cash Consideration for that Vessel;
Sample 1
Novation Consideration has the meaning given to it in the Recitals;
Sample 1

Related to Novation Consideration

  • Acquisition Consideration means the purchase consideration for any Permitted Acquisition and all other payments by Holdings or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any person or business; provided that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP at the time of such sale to be established in respect thereof by Holdings or any of its Subsidiaries.

  • Transaction Consideration has the meaning set forth in Section 11.7 hereof.

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Initial Consideration has meaning ascribed by Clause 4.1;

  • Conversion Consideration shall have the meaning specified in Section 14.12(a).

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Total Consideration means the total amount (but without duplication) of (a) cash paid in connection with any Acquisition, plus (b) Indebtedness for borrowed money payable to the seller in connection with such Acquisition, plus (c) the fair market value of any equity securities, including any warrants or options therefor, delivered to the seller in connection with any Acquisition, plus (d) the amount of Indebtedness assumed in connection with any Acquisition.

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Final Consideration means the entire consideration proposed by a Successful Bidder(s) in the course of the E-Auction, and required to be paid by the Successful Bidder(s) on Consideration Payment Date to acquire the Corporate Debtor as a whole on a going concern.

  • Permitted Acquisition Consideration means in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration paid or payable in cash for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Indebtedness and/or Guarantee Obligations, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Indebtedness incurred or assumed in connection with such Permitted Acquisition; provided, in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof for the Borrower or its Restricted Subsidiaries.

  • Net Consideration means “net consideration” as defined in Regulation Section 1.848-2(f));

  • Contract Consideration has the meaning set forth in the definition of “Excess Cash Flow.”

  • Earnout Consideration has the meaning specified in Section 2.05(a).

  • Additional Consideration has the meaning set forth in Section 3.2.

  • Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Borrower or a Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-Cash Consideration.

  • Base Consideration has the meaning set forth in Section 1.2.

  • Closing Consideration shall have the meaning set forth in Section 2.1(b).

  • Merger Consideration has the meaning set forth in Section 2.1(a).

  • Aggregate Stock Consideration has the meaning set forth in Section 3.01(b)(iii).

  • Earn-Out Consideration has the meaning set forth in Section 2.08(a)(i).

  • Cash Merger Consideration has the meaning set forth in Section 2.9(a).

  • Independent Consideration shall have the meaning as set forth in Section 2.14.

  • Scheme Consideration means, in respect of:

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

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

  • Aggregate Consideration has the meaning set forth in Section 11.6(C).