Residual Payments definition

Residual Payments has the meaning specified in subsection 5.15(viii).

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Residual Payments has the meaning in Residual Certificate Condition 4(a);

Residual Payments shall have the meaning set forth in Section 9.3.

Examples of Residual Payments in a sentence

• In no event will Residual Payments be paid on a month-to-month Centrex sale.

• However, if, on any business day that KBK regularly makes a payment to Seller for accounts purchased, none of the foregoing conditions exists and no other breach of this Agreement by Seller exists, then KBK shall distribute to Seller the Residual Payments then due and all funds it then has on hand that it has collected from accounts that KBK has not then purchased.

• All losses incurred by KBK from the financial inability of the applicable account debtor to pay such account over and above any and all Residual Payments (as hereinafter defined) and Reserve (as hereinafter defined) amounts offset shall be borne solely by KBK; provided, however, that nothing in this Agreement shall be construed to relieve Seller from liability for any breach by Seller of any representation, warranty or agreement of Seller contained herein.

• In no event will Residual Payments be paid on a month-to-month Data sale.

• Residual Payments will continue through the expiration date of the customer contract in effect at the time Ameritech terminates this Agreement, or until the original expiration date of this Agreement, whichever is sooner.

More Definitions of Residual Payments

Residual Payments has the meaning ascribed to it in Section 12.4 of this Agreement.

Residual Payments means the amounts distributed to the Borrower in accordance with Sections 3.8(a)(x) and (3.8(b)(x).

Residual Payments. (which term shall mean both "Residual Payments" as defined in the Authorized Distributor Agreement and any other similar term used by Ameritech in a Distributor Agreement representing the right to the same type of payments as a "Residual Payment" under the Authorized Distributor Agreement) or (ii) represented on the books of PentaStar Corporation as Residual Payments due or earned from Ameritech, together with all books and records (including computer records) directly related thereto and all proceeds thereof; provided that, for the avoidance of doubt, the Merr▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇ll not encumber any Accounts, Contract Rights or General Intangibles or any other rights related to or in connection with any "Base Commission" or "Upfront Commission Payment" (as each such term is defined in Exhibit C to the Authorized Distributor Agreement).

Residual Payments as defined in the Authorized Distributor Agreement and any other similar term used by Ameritech in a Distributor Agreement representing the right to the same type of payments as a "Residual Payment" under the Authorized Distributor Agreement) or (ii) represented on the books of PentaStar Corporation as Residual Payments due or earned from Ameritech, together with all books and records (including computer records) directly related thereto and all proceeds thereof; provided that, for the avoidance of doubt, the Merr▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇ll not encumber any Accounts, Contract Rights or General Intangibles or any other rights related to or in connection with any "Base Commission" or "Upfront Commission Payment" (as each such term is defined in Exhibit C to the Authorized Distributor Agreement).

Residual Payments means any and all cash proceeds or rents realized from the sale of Equipment under an Expired Contract and an Early Termination Contract.

Residual Payments means, for each calendar month (or any part thereof) during the Residual Period, an amount equal to the product of (i) $3.50 multiplied by (ii) the sum of (x) the number of Transferred Customers (after the Switch Date) for which the Purchaser receives in the prior calendar month payment for all charges invoiced by or for Purchaser that are due in such prior calendar month and (y) the number of Transferred Customers (after the Switch Date) for which the Purchaser receives in the prior calendar month payment for all outstanding charges invoiced by or for Purchaser that are due with respect to any other calendar month in the Residual Period other than the prior calendar month (it being understood and agreed that a “Transferred Customer” shall, for purposes of calculating Residual Payments, continue to be a Transferred Customer whether service is being delivered under an Assigned Contract or any amendment, extension, renewal or replacement thereof (it being further understood and agreed that Purchaser, shall make no more than twenty-four (24) Residual Payments, for a total payment not to exceed $84.00, for each Transferred Customer)).

Residual Payments means a payment equal to the cash proceeds received by the Issuer and the Guarantors in respect of the operation or sale of the aggregate residual assets of the Issuer and the Guarantors following payment of the Terminal Sale New Note Proceeds, as applied by the Issuer, the Guarantors or any other Person on behalf of the Issuer and the Guarantors towards redemption of the New Notes in accordance with Section 3.03(b) hereof; provided that the sum of such amounts paid to Holders pursuant to clauses (i) and (ii) of this definition shall not be less than $5.0 million in the aggregate (such minimum amount, the “Residual Payment Floor”). For the avoidance of doubt, any Terminal Sale New Note Proceeds delivered to the Holders shall be disregarded for determining whether the Residual Payment Floor has been satisfied.