Purchase Price Installment definition

Purchase Price Installment means the amount paid by DNR from time to time in accordance with Section 3.3 of the Purchase Agreement and deposited in the Construction Fund or otherwise in accordance with Section 403.
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Purchase Price Installment has the meaning given to the term Pre-Delivery Payment Amount in the Amended and Restated Assignment and Assumption Agreement (to the extent of such amount as having been received by Airbus pursuant to the Airbus Purchase Agreement, and as being more specifically set out in column 5 of Part A and Part B of Schedule 1 to the Step-In Agreement). "Security Trustee" means Bank of Utah, not in its individual capacity but solely as Security Trustee on behalf of the Facility Agent and the Lenders under the Credit Agreement, and any successor thereto in such capacity. "Servicing Agreement" means the Servicing Agreement entered into or to be entered into, as the context may require, between the Borrower and Frontier Airlines. "Share Charge" means the Share Charge entered into or to be entered into, as the context may require, among the Parent and the Security Trustee. "SOFR" means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. "SOFR Administrator" means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). "SOFR Loan" means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “ABR”. "Step-In Agreement" means the Amended and Restated Step-In Agreement dated as of the date hereof among the Borrower, as assignor, the Security Trustee, as assignee, and Airbus. "Subordinated Loan Agreement" means the Subordinated Loan Agreement, dated as of the Original Signing Date, between Frontier Airlines and the Borrower and the Subordinated Promissory Note dated the Original Signing Date, issued by the Borrower thereunder. "Term SOFR" means for any calculation with respect to a SOFR Loan and with respect to any Interest Period, the rate per annum which results from interpolating on a linear basis between the longest maturity for which a Screen Rate is available that is shorter than such Interest Period and the applicable Screen Rate for the shortest maturity for which a screen rate is available that is longer than such Interest Period, which "Screen Rate" shall be the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is [***] U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New Yo...
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Purchase Price Installment has the meaning given to the term Pre-Delivery Payment Amount in the Assigned Purchase Agreement.
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Examples of Purchase Price Installment in a sentence

  • The Bonds will bear interest on the Cumulative Principal Amount Outstanding at the Interest Rate from the Closing Date and the date of receipt of each Purchase Price Installment by the Paying Agent pursuant to the Purchase Agreement (as set forth on Schedule A to a Bond) or from the most recent Interest Payment Date to which interest has been paid or provided for.

  • Thereafter, each Purchase Price Installment will be deposited into the Construction Fund.

  • All proceeds of a draw by Seller from a Letter of Credit securing the Purchase Price Installments shall be applied to the then due and unpaid amount of any Purchase Price Installment.

  • A Letter of Credit may be drawn upon by Seller against issuer at any time without notice to Purchaser and without the requirement of any instruments or documents to support the draw (other than as required by such Letter of Credit in the event that the Purchaser should fail to satisfy its obligation under the Promissory Note to make timely payment of any Purchase Price Installment due under the Promissory Note.

  • First, harnesses have been used successfully on albatrosses (Weimerskirch et al 1992).

  • The sampling program was completed within 6 months of the closing date.The Company decided not to complete the Final Purchase Price Installment.

  • On August 10, 2015, the Company sent Notice to Zenith to advise that the Company does not wish to complete the Final Purchase Price Installment pursuant to item 3(d) of the Agreement.

  • The City received on the date hereof from DNR the Purchase Price Installment of the Bonds in the amount of $24,121,328.53.

  • Buyer's set off right is subject to the provisions of Section 11.8. Buyer agrees that any of the Beck Reserve monies not expended or encumbered for identified projects prior to September 30, 2007, shall be applied by Buyer to pay any Capital Charges not yet received by Seller up to the Maximum Cumulative Retainage (notwithstanding the schedule of payments as set forth in the definition of Maximum Annual Retainage), and any outstanding balance due to Seller for Purchase Price Installment 2.

  • The Closing Purchase Price, Installment Payments and amounts to paid pursuant to (c) above shall be the “ Purchase Price.” Buyer may, at Seller’s request, payoff any indebtedness on behalf of Seller Entities at Closing and shall reduce the portion of the Purchase Price paid to Seller by the amount of any such payoff.


More Definitions of Purchase Price Installment

Purchase Price Installment means an installment of the Purchase Price paid under Section 2.4, 2.5 or 2.6. Each Purchase Price Installment must be in an amount that is equal to or greater than $9,000,000 and in integral multiples of $100,000.
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Purchase Price Installment means the amount paid by DNR from time to time in
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Purchase Price Installment means the purchase price of the Bonds paid by the Owner to the Paying Agent on the Closing Date in accordance with the Purchase Agreement and deposited into the funds pursuant to Section 403 and the Escrow Agreement.
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Related to Purchase Price Installment

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Purchase Price has the meaning set forth in Section 2.2.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Adjusted Purchase Price is defined in Section 2.2.

  • Estimated Purchase Price has the meaning set forth in Section 2.2.2(b).

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.