Release Payment(s) definition

Release Payment(s) has the meaning set forth in Section 2.5(a) hereof.

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Release Payment(s) means, individually and collectively, any fee or amount required to be paid by the owner of the Mortgaged Property to the Collection Account in consideration for the release of all or a portion of any Completed Inventory Collateral from the Lien of a Mortgage or any other Lien in favor of Agent; for purposes of this Agreement and the Mortgage, the term “Release Payment” shall include any other payments, however denominated, required to be made or cause to be made by the owner of the Mortgaged Property to the Collection Account on a monthly basis based on the sale of Vacation Ownership Interests at a Resort for the preceding calendar month.

Release Payment(s) mean all Release Payments as defined in Section 6.1(b)(ii).

Examples of Release Payment(s) in a sentence

• I further understand that if I fail to execute and return this Release to the Company, attention General Counsel, prior to the expiration of such 21-day period, or if I revoke my execution of the Release during such 7-day period, I will be required to repay the Release Payments as provided for under the Separation Agreement.

• I specifically acknowledge that $100 of the Release Payments are consideration for my waiver of any right I may have to bring a claim with respect to a violation of ADEA.

• Maker may prepay this Note in full or in part upon not less than three (3) days prior written notice to Holder provided that at the time of such prepayment Maker pays Holder an Interval Incentive Fee multiplied by the number of Interval Release Payments which would be necessary to pay off the outstanding principal balance of this Note at the time of such prepayment.

• Borrower shall make the following minimum cumulative quarterly amortization payments (the "Minimum Quarterly Payments") during the following quarterly time periods commencing at the end of the Borrowing Term (with Release Payments paid by Borrower on or prior to such Quarterly Payment Date to be taken into account in determining whether or not Borrower has satisfied the required Minimum Quarterly Payments).

• The Release Payments shall continue to be made regardless of the date of rehire, unless rehire occurs prior to the expiration of the Revocation Period.

• In consideration of the release of the Receivables, on such Remittance Date, the Issuer shall remit the aggregate Release Payments of the Receivables to the Collection Account in the manner specified in Section 4.03.

• Release Payments paid by Borrower on or prior to a Semi-Annual Payment Date and previously paid Minimum Cumulative Semi‑Annual Payments paid by Borrower prior to a particular Semi-Annual Payment Date 6284.345.1224403.10 18 4/16/2018 shall be taken into account in determining whether or not Borrower has paid the required Minimum Cumulative Semi-Annual Payment.

• If the Inventory Loan is paid in full, Borrower shall continue to be obligated to make Release Payments which shall be applied to the repayment of the Receivables Loan by Lender until the Receivables Loan is paid in full.

• The Settling Parties expressly agree that the Court's approval or denial of any request for General Release Payments is not a material condition to this Agreement, and is to be considered by the Court separately from the fairness, reasonableness, adequacy, and good faith of the settlement.

• The “Reserve Release Payment” due to Sellers from Buyer will equal the positive amount, if any, equal to the Additional Reserves as of December 31, 2014, minus the Additional Reserves as of December 31 of such subsequent year, and minus the sum of all prior Reserve Release Payments paid hereunder.