Payment Right means (A) any right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured or (B) the right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured; (ii) “Present Fair Saleable Value” means, with respect to Buyer or the Transferred Assets being acquired by Buyer hereunder, the amount that may be realized if its aggregate assets (including its goodwill) are sold as an entirety with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises; and (iii) the amount of any contingent Liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured Liability.
Payment Right has the meaning set forth in the definition of “Receivables Facility Asset.”
Payment Right. Each RVO shall represent the right to receive an amount in cash equal to a PRO RATA share of 50% of the Residual Cash Flow remaining after application of the Residual Cash Flow to the AFCC Amount, RVO Expenses and Litigation Expenses, calculated pursuant to, and subject to, the terms below. PAYMENT DATES: Amounts allocated for payment on the RVOs as provided below under "Application of Residual Cash Flow", if any, will be paid on the second business day after the Distribution Dates in April, July, October and January to holders of record on the immediately preceding March 1, June 1, September 1 or December 1, respectively, commencing with the first payment date following the Effective Time (or, if the Effective Time is after the record date in respect of such first payment date, then on the next succeeding payment date).
Examples of Payment Right in a sentence
After such conversion, no interest or Dividend Equivalents will be accrued, credited or paid with respect to the Cash Payment Right.
For the avoidance of doubt, the Cash Payment Right will be paid at such time provided under Section 4.
Promptly after the Offer Expiration Date, we will provide you with a letter evidencing the Cash Payment Right.
If in no circumstances was such payment payable upon a separation from service under the Original Payment Right, then this Section 10(c)(iii) shall not apply.
Any portion of the Performance Shares that is not converted into the Cash Payment Right automatically shall terminate and be cancelled immediately prior to the effectiveness of the Change in Control, without the payment of any consideration therefor.
More Definitions of Payment Right
Payment Right has the meaning ascribed to such term in Section 3.5(b)(iii).
Payment Right means all rights of Borrowers to the payment of money from one or more Customers (whether any of such rights constitutes or is evidenced by an Account, Chattel Paper, Instrument, Document, General Intangible, Supporting Obligation, Payment Intangible or Letter-of- Credit Right), including all rights to the repayment of Borrower Advances and all rights to payment in respect of Borrower Royalty Receivables.
Payment Right means (A) any right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (B) the right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured; and (ii) “Present Fair Saleable Value” means, with respect to Buyer, the Company Parties or any of their Subsidiaries, the amount that may be realized if the aggregate assets of such Person (including such Person’s goodwill) are sold as an entirety with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises.
Payment Right means all rights to the payment of money under, but only in each case to the extent the same constitutes Collateral, (i) Accounts, (ii) Payment Intangibles, and (iii) Letter-of-Credit Rights.
Payment Right means (A) any right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (B) the right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured; and (ii) “Present Fair Saleable Value” means, with respect to a Party, the amount that may be realized if the aggregate Assets of such Party (including such Party’s goodwill, if applicable) are sold as an entirety with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable Assets or business enterprises.
Payment Right means (A) any right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured or (B) the right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured; and (ii) “Present Fair Saleable Value” means, with respect to Buyer or the Business, the amount that may be realized if its aggregate assets (including its goodwill) are sold as an entirety with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises.