Partial Termination Payment definition

Partial Termination Payment means an amount, which may be positive or negative, calculated with respect to each Terminated Loan (I) which is sold by Party B or securitized equal to the difference between (i) the Outstanding Purchase Price of such Terminated Loan and (ii) (A) if the Partial Termination occurs with respect to a non-Delinquent Loan or non-Defaulted Loan, the sales proceeds (net of any Deferred Amounts, if any, and any accrued interest if determinable on such date) of the Mortgage Loan to which the Partial Termination relates (which sales proceeds in the case of a bundled whole loan sale or a securitization shall equal the sales proceeds for the related bundle of loans or securitization) and (B) if the Partial Termination occurs with respect to a Delinquent Loan or Defaulted Loan, the Credit-Adjusted Price or (II) which results from a prepayment in full of such Mortgage Loan equal to (i) the Outstanding Purchase Price of such Mortgage Loan less (ii) the principal payments (including prepayment penalties and prepayment premiums) that were deposited in the Collateral Account on or prior to such date. To the extent that the Partial Termination Payment is a positive number, Party A shall pay such amount to Party B and to the extent that it is a negative number, Party B shall pay to Party A an amount equal to the absolute value thereof.
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Partial Termination Payment means an amount, which may be positive or negative, calculated with respect to each Terminated Loan (I) which is sold by, or on behalf of, Party B or securitized equal to the difference between (i) the Outstanding Purchase Price of such Terminated Loan and (ii) (A) if the Partial Termination occurs with respect to a non-Delinquent Loan or non-Defaulted Loan, the sales proceeds (net of any accrued interest if determinable on such date) of the Mortgage Loan to which the Partial Termination relates (which sales proceeds in the case of a bundled whole loan sale or a securitization shall equal the sales proceeds for the related bundle of loans or securitization) and (B) if the Partial Termination occurs with respect to a Delinquent Loan or Defaulted Loan, the Credit-Adjusted Price or (II) which results from a prepayment in full of such Mortgage Loan equal to (i) the Outstanding Purchase Price of such Mortgage Loan less (ii) the principal payments (including prepayment penalties and prepayment premiums) that were deposited in the Collateral Account on or prior to such date. To the extent that the Partial Termination Payment is a positive number, Party A shall pay such amount to Party B and to the extent that it is a negative number, Party B shall pay to Party A an amount equal to the absolute value thereof.
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Partial Termination Payment means an amount, which may be positive or negative, calculated with respect to each Terminated Loan (I) which is sold by the Trust to a third party or securitized equal to the product of (i) the unpaid principal balance of the Mortgage Loan to which the Partial Termination relates and (ii) the difference between (x) the Purchase Price Adjustment Factor for such Mortgage Loan and (y) (A) if the Partial Termination occurs with respect to a non-Delinquent or non-Defaulted Loan, the sales price (expressed as a percentage of par) of the Mortgage Loan to which the Partial Termination relates (which sales price in the case of a bundled whole loan sale or a securitization shall equal the sales price for the related bundle of loans or securitization) or (B) if the Partial Termination occurs with respect to a Delinquent or Defaulted Loan, the Credit-Adjusted Price or (II) which results from a prepayment in full of such Mortgage Loan equal to the product of (x) the related Purchase Price Adjustment Factor less 100% and (y) the principal payments that were deposited in the Collateral Account on such date.
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Examples of Partial Termination Payment in a sentence

  • If the Closing date under this Agreement occurs on or after January 2, 2004 or if the Termination Payment payable under the Termination Agreement has been paid in full, and ProGas is obligated to pay the ProGas Partial Termination Payment to NEA, then ProGas shall have paid to NEA the ProGas Partial Termination Payment in accordance with Section 3.5.

  • Landlord and Tenant acknowledge and agree that the losses, damages and costs Landlord will incur as a result of the early partial termination of the Lease pursuant to Tenant's exercise of the Partial Termination Option are extremely difficult to ascertain and that the Partial Termination Payment represents a fair and reasonable estimate of such losses, damages and costs.

  • Share" means, with respect to any Dana Partial Termination Payment (other than a Dana Substantial Termination Payment), 72%, and with respect to Dana Substantial Termination Payment, 100%.

  • The Parties acknowledge and agree that the mathematical operations (addition, subtraction, multiplication and division) performed on the numerical values contained or to be contained in Appendices A through C in order to calculate the Partial Termination Payment are embedded as functions in a Microsoft Excel spreadsheet, a copy of which has been provided to each Party's legal counsel.

  • The more active sellers would be given the opportunity to “build” permanent stores.

  • The calculation of the NYMEX Final Price and the Partial Termination Payment by ProGas in accordance with Section 3.2 shall occur on the next NYMEX Settlement Date to occur after NEA delivers the Closing Notice (the "Partial Termination Payment Calculation Date").

  • The Head Lease Term shall automatically terminate, without any action of any Person whatsoever, with respect to the Terminated Portion of the Network, upon satisfaction of the conditions set forth in Section 14A.4 of the Network Lease, (including the condition that payment of the Partial Termination Payment be made or, alternatively, subjection to this Head Lease of the Substituted Components or Substituted Non-Network Equipment).

  • Tenant shall have the one-time option ("Second Partial Termination Option") to partially terminate this Lease as of June 30, 2008 (the "Second Option Early Termination Date") with respect to the Original Premises only, provided that the Tenant delivers written notice of its intent to exercise said option ("Second Partial Termination Notice") to the Landlord together with the Second Partial Termination Payment (hereinafter defined) on or before September 30, 2007 ("Second Option Termination Notice Date").

  • For purposes of this Paragraph 5 "Second Partial Termination Payment" shall be the amount of $2,131,302.13.

  • In the event Tenant has not delivered the Partial Termination Notice and Partial Termination Payment to Landlord on or before the Termination Notice Date, Tenant's Partial Termination Option shall be deemed to have expired.


More Definitions of Partial Termination Payment

Partial Termination Payment shall have the meaning set forth in Section 14A.4 of the Network Lease.
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Partial Termination Payment has the meaning given in Section 2.5(i).
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Partial Termination Payment means an amount (in U.S. Dollars), if any, equal to the excess, if any, of (a) the Partial Termination Purchase Price Adjustment over (b) the Escrow Deposit.
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Partial Termination Payment. An amount, which may be positive or negative, calculated with respect to each Terminated Loan (I) which is sold by the Trust to a third party or securitized equal to the product of (i) the unpaid principal balance of the Eligible Loan to which the loan termination relates and (ii) the difference between (x) the Purchase Price Adjustment Factor for such Eligible Loan and (y) (A) if the loan termination occurs with respect to a non-Delinquent or non-Defaulted Loan, the sales price (expressed as a percentage of par) of the Eligible Loan to which the loan termination relates (which sales price in the case of a bundled whole loan sale or a Securitization shall equal the sales price for the related bundle of loans or Securitization) or (B) if the loan termination occurs with respect to a Delinquent or Defaulted Loan, the Credit-Adjusted Price or (II) which results from a prepayment in full of such Eligible Loan equal to the product of (x) the related Purchase Price Adjustment Factor less 100% and (y) the principal payments that were deposited in the Collateral Account on such date.
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Partial Termination Payment means either the NEA Partial Termination Payment or the ProGas Partial Termination Payment. "Partial Termination Payment Calculation Date" has the meaning set forth in Section 3.1(a). "Producer Approval" means a Finding of Producer Support (as defined in the Alberta Natural Gas Marketing Act) issued by the Alberta Petroleum Marketing Commission pursuant to the Alberta Natural Gas Marketing Act which evidences the consent of the Affected Producers to the pricing under the Replacement Resale Arrangement. "ProGas Partial Termination Payment" means the amount to be paid by ProGas to NEA, to the extent required pursuant to Section 3.2(b), in consideration for the reduction of the Daily Contract Quantity to the Remaining Daily Contract Quantity on the Partial Termination Date, the spreadsheet showing the final calculations of which shall be attached hereto on the Closing Date as Appendix C. "ProGas Payment Cap" has the meaning set forth in Section 3.2(b). "ProGas Threshold" has the meaning set forth in Section 3.2(b). "Published Values" means for any month the price for natural gas published by NYMEX in respect of that month on its website (xxx.xxxxx.xxx/xxx/xxxxxxx/xx_xxx_xxx.xxx) in the table titled "Session Expanded Table" under the column "Most Recent Settle" on the day in which the value is sought, or if such website, table or column, as the case may be is discontinued or no longer available, the correlative information available on such website or on or through any successor or substantially equivalent information repository agreed to by the Parties. "Reduction Amendment" has the meaning set forth in Section 2.1. "Remaining Daily Contract Quantity" means 12,507 MMBtus/day, subject to adjustment pursuant to Section 3.2(a) or 3.2(b). "Replacement Resale Arrangement" means the resale arrangement or arrangements entered into or to be entered into by ProGas to resell gas volumes that would otherwise have been sold or made available to NEA under the Contract absent the Reduction Amendment. "Required Ballots" has the meaning set forth in Section 2.3(b). "Swap Spread-Derived Price" has the meaning set forth in Section 3.4(a)(ii). "Swap Spread-Derived Price Calculation" has the meaning set forth in Section 3.4(a)(ii). "TCPL" means TransCanada PipeLines Limited, a Canada corporation and its successors and assigns. "TCPL Consent" means the final and irrevocable consent of TCPL to the termination of the Contract required under the Assignment Agreement and obtained by ...
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Related to Partial Termination Payment

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Partial Termination has the meaning set forth in the Section 6.3(a).

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

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

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

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • 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.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • 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.

  • Compensation Accrued at Termination means the following:

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Benefit means the benefit set forth in Article 7.

  • Normal Termination means termination of employment or service with the Company and Affiliates: (i) by the Optionee; (ii) upon retirement; (iii) on account of death or Disability; or (iv) by the Company, a Subsidiary or Affiliate without Cause.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

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

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).

  • Accrual Termination Date Not applicable.