Reduced Termination Fee definition

Reduced Termination Fee has the meaning attributed to that term in the Production Payment Agreement Termination Agreement;
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Reduced Termination Fee shall have the meaning set forth in Section 7.02(a).
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Reduced Termination Fee means with respect to a termination of this Agreement pursuant to Section 12(a)(ii), a payment equal to: one times the Base Management Fee earned by Manager for the 12-month period preceding the applicable termination (or, if there has not been one complete 12-month period under this Agreement prior to such termination, then the Base Management Fee that would have been earned by Manager for the 12-month period based on projections agreed to by Manager and Company for the first fiscal year as though all projections therein were realized).
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Examples of Reduced Termination Fee in a sentence

  • If the Base Termination Fee or Reduced Termination Fee, as applicable, is not payable, Banner may pursue any and all remedies available to it against Home on account of a willful and material breach by Home of any of the provisions of this Agreement.

  • For the avoidance of doubt, in no event shall Seller be obligated to pay, or cause to paid, the Termination Fee or the Reduced Termination Fee on more than one occasion.

  • If the Obligations due and otherwise owing to the Lender under the Financing Agreement are paid after November 30, 2001 but before December 17, 2001, the Borrower understands, acknowledges and agrees that the Reduced Termination Fee to be paid of $200,000 as set forth above, shall be increased to $250,000.

  • If Company elects to terminate this Agreement in accordance with the provisions of this Section 12(a), Company shall pay to Manager within ninety (90) days of the effective date of such termination either (i) the Termination Fee, or (ii) if at the effective time of such termination CapitalSource Inc.'s direct and indirect equity interest in the Company is less than fifteen percent (15%), the Reduced Termination Fee.

  • Quotations made by the seller are open for 30 days from the date of theoffer, unless otherwise specified.

  • The Borrower further understands, acknowledges and agrees that the termination fee as provided for in Section 2.6 of the Financing Agreement shall be reduced to the amount of $200,000 (the "Reduced Termination Fee") if, on or before November 30, 2001, the Lender receives payment, in cash, of all Obligations due and otherwise owing to the Lender under the Financing Agreement plus the Reduced Termination Fee.

  • For greater certainty, if the Reduced Termination Fee is not paid in cash to Liberty Metals & Mining prior by March 31, 2018, PGM BC shall be obligated to pay the Termination Fee to Liberty Metals & Mining by not later than the Stated Maturity Date.

  • Upon payment of the Company Termination Fee or Company Reduced Termination Fee, as applicable, in the circumstances described in this Section 6.07, none of the Company, any Company Subsidiary or their Affiliates or any of their respective current, former or future directors, officers, shareholders, partners, stockholders, managers or members shall have any liability in respect of this Agreement, the Ancillary Agreements or any of the Transactions.

  • The Finance Parties hereby agree to extend the date that the Reduced Termination Fee may be paid to May 31, 2018.

  • The Finance Parties hereby agree to extend the date that the Reduced Termination Fee may be paid to May 15, 2018.


More Definitions of Reduced Termination Fee

Reduced Termination Fee has the meaning provided in Section 2.1;
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Related to Reduced Termination Fee

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Sponsor Termination Fees means the one-time payment under the Sponsor Management Agreement of a termination fee to one or more of the Sponsors in the event of either a Change of Control or the completion of a Qualifying IPO.

  • Compensation Accrued at Termination means the following:

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Accretion Termination Date As defined in the Series Supplement.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Change in Control Payment means a lump sum payment in an amount equal to the sum of (i) 300% of Executive's annual base salary as in effect pursuant to Section 2.1 immediately prior to Executive's termination of employment with Company and (ii) three times 45% of the maximum annual incentive bonus amount pursuant to Section 2.2 that Executive could have earned for the year during which Executive's employment with Company terminates.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.