Release Payment definition

Release Payment. The funds referred to in a Warehouse Lender's Release or Seller's Release, as applicable.

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Release Payment means, with respect to the sale or other disposition of any Property, or any direct or indirect interest owned therein by the Company or any Subsidiary, (i) 110% of the aggregate Allocated Amount for such Property less (ii) the amount of any distributions in respect of the Unrecovered Capital of the Class A Member that were previously made to the Class A Member with Net Sale Proceeds, Net Disposition Proceeds and/or Net Financing Proceeds from such Property.

Release Payment shall have the meaning set out in Section 8.6(b).

Examples of Release Payment in a sentence

• The Release Payment will be payable periodically, consistent with the then current payroll practices of the Company.

• Settling Covered Other Products Claimants are eligible for two separate compensation options, each of which is mutually exclusive: (a) the Expedited Release Payment Option OR (b) the Medical Condition Payment Option.

• Borrower acknowledges that Lender shall have no obligation to execute or deliver or authorize the recording of any partial release of the Mortgage related to a Closing Timeshare prior to Lender's receipt of the Release Payment for such Closing Timeshare in good collected funds in U.S. dollars.

• All Settling Breast Implant Claimants are eligible to receive (subject to the qualification criteria): (a) a one-time Explantation Payment, (b) a one-time Rupture Payment, and (c) either (i) a payment for an eligible Covered Condition (under the Disease Payment Option) OR (ii) an Expedited Release Payment.

• Upon the payment of the required Release Payment, Lender shall credit the Release Payment as provided in Section 2.10.

More Definitions of Release Payment

Release Payment has the meaning ascribed to such term in Section 1.8(a)(i).

Release Payment has the meaning set forth in Section 2.4 hereof.

Release Payment means a severance payment from the Company to the Participant in an amount equal to the sum of (1) the product of (x) the difference between (A) [ ]2 and (B) the number of Units issued to Employee in settlement of his rights under this Agreement, multiplied by (y) $0.525, multiplied by (z) the number of quarterly distribution dates for the Partnership’s common units which would occur between (A) the date the Participant separates from Service, and (B) December 5, 2023, and (2) if the Employee separates

Release Payment means the payment by the Company of the amounts referenced in Section 2.1.

Release Payment. The amount necessary to effectuate a release under a Warehouse Lender's Release.

Release Payment has the meaning set forth in Section 7.4.1 hereof.

Release Payment shall have the meaning provided in the definition of "Spinoff Guarantor Release Event."