Payment B definition

Payment B means the second of three payments from the Purchaser to the Seller, to occur at the Second Closing, consisting of $7,000,000 in cash and 323,077 shares of Common Stock registered in the name of the Seller.
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Payment B. $ (fifteen percent (15%) of the Purchase Price for Unit provided in Section C.1.a, plus one-hundred percent (100%) of the costs of any Options selected, whether noted in Exhibit B or subsequently selected by Buyer using an Options Addendum) to be paid on the date this Contract becomes a binding agreement pursuant to Section E.3. (The portion of Total Purchase Price provided by way of mortgage proceeds) payable no later than two (2) days prior to the Final Closing Date (as defined in Section E.11.a below).
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Payment B shall have the meaning given in Section 2.02(a)(i).
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Examples of Payment B in a sentence

  • Incentive Payment C shall be available to Settling States that are not eligible for Incentive Payment A for a Payment Year, including to Settling States that are also eligible for Incentive Payment B.

  • Incentive Payment B shall be available to Settling States that are not eligible for Incentive Payment A for the applicable Payment Year.

  • A Settling State is not eligible for Incentive Payment B for a Payment Year for which it is eligible for Incentive Payment A.

  • The Purchaser who offered to purchase the Property with Term of Payment B (as set out in Section 3 of the Schedule to the Offer Form of Part 2 of this Tender Document) may apply for a first mortgage loan (“mortgage loan”) from a lender company designated by the Vendor (the “Lender”), such mortgage loan application shall be approved by the Lender.Whether the application is approved or not is subject to the final decision of the Lender.

  • Incentive Payment B will be due to a Settling State as part of the Annual Payment in each of the eighteen (18) Payment Years that a Settling State is eligible for Incentive Payment B and equal a total potential maximum of $4,638,503,423 if all States are eligible for all eighteen (18) Payment Years.

  • If there are no Litigating Subdivisions in a Settling State, and that Settling State is otherwise eligible for Incentive Payment B, that Settling State will receive its full allocable share of Incentive Payment B.

  • The amount calculated in (iv) shall be the amount allocated to a Settling State eligible for Incentive Payment B for that Payment Year, and the aggregate of such amounts for Settling States eligible for Incentive Payment B shall be the amount paid for that Payment Year by Settling Distributors with respect to Incentive Payment B, all such amounts subject to the suspension, offset, and reduction provisions in Section XII and Section XIII.

  • Each Settling State’s maximum share of Incentive Payment B in a given year shall equal the total maximum amount available for Incentive Payment B for that year as reflected in Exhibit M times the Settling State’s Overall Allocation Percentage.

  • Incentive Payment B shall be equal to up to twenty-five percent (25%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States.

  • A Settling State’s eligibility for Incentive Payment B for a Payment Year shall be determined as of sixty (60) calendar days prior to the Payment Date for that Payment Year; provided that the percentage of Incentive Payment B for which a Settling State is eligible as of the Incentive Payment Final Eligibility Date shall cap its eligibility for that Payment Year and all subsequent Payment Years.


More Definitions of Payment B

Payment B has the meaning set out in Schedule B.
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Related to Payment B

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

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Payment Amount as defined in Section 3.5.

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

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

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

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Payment Bond is one executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the contract.

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

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • 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.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • 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.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

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

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Debit Payment means a particular transaction where a debit is made.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • 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.

  • 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.

  • Payment Terms for a Supply Point means the Payment Method and Payment Period for it;

  • Net Payment means the amount the Issuer or any paying agent pays the Holder after deducting or withholding an amount for or on account of any present or future tax, assessment or other governmental charge imposed with respect to that payment by a taxing authority (including any withholding or deduction attributable to additional amounts payable pursuant to this Section).

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue 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.