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 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.

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...

Examples of Purchase Price Installment in a sentence

• The Buyer shall deposit the Initial Purchase Price Installment in immediately available funds, no later than 12:00 p.m. (New York City time) on the related Sale Date, to the account designated by the Seller in the Sale Notice.

• The Buyer Purchase Confirmation shall specify items including the following (w) the Buyer Purchase Price Percentage, (x) the Initial Purchase Price Installment for such Sale Date Loan Pool, (y) the Program Fee Rate, and (z) any fees and expenses payable by the Seller to the Buyer.

• The Buyer shall deposit the Initial Purchase Price Installment in immediately available funds, no later than 12:00 p.m. (New York City time) on the related Sale Date, to the account designated by the Seller.

• 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.

• 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.

• Buyer shall pay to each of the Guarantors a minimum Deferred Purchase Price payment in the amount of Three Hundred Thousand Dollars ($300,000.00) (each, a "Minimum Deferred Purchase Price Payment") payable in three (3) annual payments of One Hundred Thousand Dollars ($100,000.00) each as provided in Section 3.5.3 hereinafter (each, an "Annual Minimum Deferred Purchase Price Installment").

• Seller’s entitlement, as between Seller and Purchaser, to the proceeds of a Letter of Credit in the amount of the then due and unpaid amount of the Promissory Note and Purchase Price Installment shall become unconditional and absolute immediately upon a default in the payment of the Purchase Price Installment then due and unpaid under the Promissory Note.

• The Buyer’s Purchase Confirmation shall specify items including the following (w) the Buyer’s Purchase Price Percentage, (x) the Initial Purchase Price Installment for such Sale Date Loan Pool, (y) the Program Fee Rate, and (z) any fees and expenses payable by the Seller to the Buyer.

• At each Remainder Closing, the Company shall deliver to the Investor a certificate or certificates, registered in the Investor's name, representing such number of shares of Remainder Stock purchasable for the amount of the Purchase Price Installment to be paid to the Company, against payment of such Purchase Price Installment therefore, by check payable to the Company or wire transfer in accordance with the Company's instructions.

• In the event Audited EBITDA for 2004 is greater than Audited EBITDA for 2001 (such difference a "2004 EBITDA Increase"), then the Buyer shall, within two business days following the calculation of the 2004 EBITDA Increase, pay Sellers an amount equal to the 2004 EBITDA Increase divided by two and multiplied by 8.75 (the "2004 Purchase Price Installment").

More Definitions of Purchase Price Installment

Purchase Price Installment has the meaning given to the term Pre-Delivery Payment Amount in the Assigned Purchase Agreement.

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.

Purchase Price Installment means the amount paid by DNR from time to time in