Reduced Payment Amount definition

Reduced Payment Amount has the meaning set forth in Section 6.2 herein.
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Reduced Payment Amount is defined in Section 17.7(a).
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Examples of Reduced Payment Amount in a sentence

  • You can elect, by giving us not less than 5 business days prior written notice at any time during the term of this Agreement, to vary this Agreement to reduce each Payment Amount to an amount not less than the Reduced Payment Amount.

  • Any payment in excess of the revised 280G Cap (if it is determined that Executive is to receive the Reduced Payment Amount, as opposed to the Total Change in Control Payments, then shall be repaid by Executive to the Company.

  • For each ASF Furnace that is not a Mesa ASF Furnace for which Apple receives the Apple Repayment Amount or, if applicable, the Apple Reduced Payment Amount, Apple’s security interest in a Mesa ASF Furnace shall be released and such released Mesa ASF Furnace shall be deemed owned by the GTAT Party that made such payment.

  • If the Reduced Payment Amount is paid to Executive by the Company and such Reduced Payment Amount is ultimately determined by the Internal Revenue Service (the “Service”) to have exceeded the 280G Cap as computed by the Service, Executive shall repay the excess promptly on demand of the Company.

  • Only those Fiberxon Stockholders who approve the Settlement Agreement shall receive a pro rata distribution of the Pro Rata Reduced Payment Amount.

  • The right of Apple to receive the Apple Repayment Amount or, if applicable, the Apple Reduced Payment Amount shall be granted to Apple as adequate protection for the priming of its security interest pursuant to Section 3 hereof, which priming by the Priming Financing will allow for the funding of the operations of all GTAT Parties.

  • In connection with the calculation of the Reduced Payment Amount described above, the Consultant will compute same so as to reduce the total excess parachute payments to which Executive is entitled under this Agreement or otherwise to the extent necessary to eliminate the amount in excess of the 280G Cap.

  • If it is ultimately determined by the Consultant or the Service that a greater Reduced Payment Amount should have been made to Executive, the Company shall pay Executive the amount of the deficiency within 30 days of such determination.

  • To the extent that JBG makes a payment to the Lender following an event of default under a Note, whether in its capacity as the general partner of the Borrower, pursuant to its guarantee of the Note or otherwise, and, as a result of such payment, the outstanding and unpaid obligations of a Guarantor hereunder are reduced (the amount of any such reduction, a “Reduced Payment Amount”), then such Guarantor shall, upon demand by JBG, reimburse JBG in an amount equal its Reduced Payment Amount.

Related to Reduced Payment Amount

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • 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.