Revenue Participation Payment definition

Revenue Participation Payment has the meaning set forth in Section 2(a).
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Revenue Participation Payment means, for each quarter, an amount payable to UTS1 equal to the Net Revenue during such quarter multiplied by the Revenue Participation Rate.
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Revenue Participation Payment means, for each quarter, an amount payable to Working Interest Holder equal to the Gross Revenue of Selected Material during such quarter multiplied by the Revenue Participation Rate.
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Examples of Revenue Participation Payment in a sentence

  • The Company makes no representation or warranty with respect to the timing of the first Revenue Participation Payment to be made by the Company hereunder.

  • If any such written notice is given after the disbursement of the Loans, Borrower shall prepay the Loans in full on the later to occur of forty-five (45) calendar days following the date such notice is given and the Revenue Participation Payment Date following the date the written notice is given; provided, however, that if Lender certifies to Borrower that earlier prepayment is CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”.

  • Total Principal Amount: $1,500,000 Issue Date: September 28, 2018 Location of Execution: Scottsdale, Arizona Promissory Note Due Date: September 27, 2023 Interest Rate: 0% interest in lieu of Gross Revenue Participation Payment Obligations: Monthly Payments to begin 30 days after Nevada Facility construction commences; Gross Revenue Participation payments due quarterly and applied in lieu of interest to the principal balance of this Note, with such payments to begin at the end of Deferment Period.

  • No later than two Business Days following the date iCAD files its Earnings Report (if a public filing) or has prepared its Earnings Report (if not a public filing) for each Quarter (but in no event later than sixty days following the last day of each of the first three Quarters and one hundred twenty days following the fourth Quarter of each calendar year), iCAD shall pay to the Purchasers the Revenue Participation Payment for such Quarter.

  • Within thirty (30) days of receipt by Buyer of the next payable Revenue Participation Payment, if any, Buyer shall calculate the proration described above and shall remit to Seller the prorated amount, together with a statement showing Buyer’s calculation of such proration.

  • If the Earnings Report is not a public filing, on the same day it makes a Revenue Participation Payment pursuant to this Section 2(d), iCAD shall deliver to the Purchasers copies of the internal financial statements showing all Revenues during such Quarter and iCAD’s computation of the Revenue Participation Payment for such Quarter.

  • Upon not less than fourteen days’ written notice, the Purchasers shall have the right to audit the books and records of iCAD relating to sales or other transactions included in Revenues for the purposes of determining the correctness of iCAD’s computation and payment of the Revenue Participation Payment.

  • Bank shall pay to Bon-Ton a Revenue Participation Payment per Schedule 2.4.

  • If, in the sole discretion of Happy Canyon, or its Board of Directors, you breach this Contract, or in any way conduct yourself in a way that is inconsistent with the standards and ideals of Happy Canyon, which standards and ideals shall be determined in the sole discretion of the Happy Canyon or its Board of Directors, then you agree that the Happy Canyon may take such actions as it’s sole discretion deems appropriate, including without limitation removing you as a Happy Canyon Princess.

  • Bon-Ton is required to resolve any dispute or other of the circumstances described above in Section 6.1 to Bank's reasonable satisfaction within twenty one (21) days of notice of Chargeback or Bon-Ton shall pay to Bank the full amount of each such Sales Slip or Card Sale subject to Chargeback or the portion thereof designated by Bank, as the case may be, the Revenue Participation Payment and Incentive Participation Payment.

Related to Revenue Participation Payment

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Participation Amount as defined in Section 3.4(b).

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Payments in lieu of contributions means the money payments to

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Swing Line Participation Amount as defined in Section 2.7.

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Funding Fee has the meaning set forth in Section 2.04(b).

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Participation Period has the meaning set forth in Section 4.2 hereof.

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Underlying and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 15 November 2017 is 100% (in any case, it will not be below 80%).