Second Option Payment definition

Second Option Payment has the meaning set out in sub-paragraph 4.02(b) hereof;
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Second Option Payment means the sum of the applicable Project Second Option Payments for each Project that has not been rejected by Optionee in accordance with the terms of this Agreement.
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Second Option Payment means Six Hundred Thousand United States Dollars (USD600,000), which will be satisfied by the issuance of Akanda Shares in the name of the Owner or payment in cash in accordance with this Agreement;
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Examples of Second Option Payment in a sentence

  • The Second Option Payment shall be nonrefundable to the Optionee except in the event the Optionor fails to consummate the Closing for any reason (other than due to a default by the Optionee or failure to obtain any Regulatory Approvals).

  • In the event the Second Option Payment is not made by January 1, 2023, then the Optionee shall have thirty (30) days from receipt of written notice from the Optionor that the Second Option Payment is due and owing.

  • In the event of termination by Novartis pursuant to Section 13.1 or 13.2 during the first Option Year, Novartis will not be required to pay to TCS the Second Option Payment pursuant to Article 3.

  • A partial withdrawal occurs “only if the employer’s obligation to contribute under the plan is continued for no more than an insubstantial portion of its work in the craft and area jurisdiction of the collective bargaining agreement of the type for which contributions are required.” ERISA §4208(d).4The purpose of the construction industry exemption is to address certain unique features in the building and construction industry.

  • The amount of the First Option Payment and the amount of the Second Option Payment (if the Second Option Payment is made prior to the Closing Date) shall be credited to the portion of the Purchase Price payable to Sellers and the amount of the wire transfers reduced accordingly.

  • The Second Option Payment and the Third Option Payment shall be treated as “Option Consideration” for all purposes under the Agreement, including being credited against the Purchase Price at Closing.

  • The Purchase Price as set forth in Section 2 of the Option Agreement, and prior to any adjustments thereto under the terms of the Option Agreement, shall be increased by the amount of the Second Option Payment, Third Option Payment and Fourth Option Payment, if and to the extent applicable.

  • The Second Option Payment shall be applied to the purchase of ABI capital stock in accordance with the terms of the Stock Purchase Agreement.

  • Supervisor Stumbo asked if this proposed nonresident senior membership rate would interfere with leagues and tournaments.

  • Not later than the first Business Day following the date that is ninety (90) days after the date hereof ("Second Option Payment Date"), Purchaser shall pay Sellers an additional $50,000, allocated to each of Sellers in the amounts set forth on Schedule 2.1(b) hereto ("Second Option Payment").


More Definitions of Second Option Payment

Second Option Payment means the sum of $2,000,000 payable by RPR to ABI as specified in Section 3.2 hereof.
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Second Option Payment has the meaning provided in the Governance Agreement.
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Second Option Payment means the amount of $500,000.
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Second Option Payment means the product obtained by multiplying (i) the Earnout Payment by (ii) .0958739.
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Second Option Payment means the product obtained by multiplying (i) the Earnout Payment by (ii) .0958739.
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Second Option Payment has the meaning specified in Section 3.5(b) hereof.
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Related to Second Option Payment

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Termination Payment has the meaning set forth in Section 6.03.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • 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 –

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

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

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Delta Payment means as it is described in this Agreement.

  • Earn-Out Consideration is defined in Section 2.5(c).

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Termination Payments has the meaning specified in Section 10(a).

  • Upfront Payment has the meaning set forth in Section 4.1.

  • subscription payments recurring payments” “reference transactions” "preauthorized transfers" or "preapproved payment." You can cancel your billing agreement at any time in your account interface or by contacting us. Where a payment under that billing agreement is scheduled to be made before the end of the next Business Day after you tell us to cancel it, we may cancel your billing agreement after that payment has been made. If you cancel a billing agreement, you may still owe the recipient money for goods or services that you have received but have not paid for. If we determine currency conversion is necessary for a billing agreement payment, and we perform the conversion, we will use the transaction exchange rate in effect at the time the payment is processed. The transaction exchange rate for each payment transaction may vary. Refunds to your account How refunds can happen We may allow the recipient of your payment to: • Refuse to accept it. • Decide to accept it and then use our service to send you a refund of all or any part of the amount of the payment later. We will return the amount of any refused payment or refunded payment to your Balance. We will return the amount of an unclaimed payment to your balance within 30 days after the date you initiated the payment. If any amount of any payment is returned to you in any of the ways outlined above, we may convert the returned amount for you into either: • The currency of the balance you used for the original payment (before any conversion into the currency received by the recipient happened). • The opening currency of your account. • US dollars (opening a balance in that currency for you, if you don’t have one already). If the original payment you sent involved a currency conversion we will convert the returned amount from the currency received by the recipient as follows: • If the amount is returned within one day of the date of the original payment we will use our transaction exchange rate applicable on the date of the original payment, so that you receive the original amount in the original currency you converted for the original payment. • If the amount is returned after one day of the date of the original payment we will use and you agree to accept our transaction exchange rate applicable at the time of the conversion of the returned amount. The transaction exchange rate may be applied immediately and without notice to you. We may also automatically withdraw the returned amount from your Balance and transfer the funds back to the funding source you used for the original payment. Withdrawals can also involve a currency conversion – see the section on Withdrawing money above. Risks when receiving refunds The returned amount could be lower in value than your original payment amount. This can happen as a result of: • The recipient sending you a refund lower in value than your original payment amount. As we are only a payment service provider, we cannot know what you are entitled to from the original payment recipient as a refund or why the recipient sent the refund in a particular amount. • Transaction exchange rate fluctuations. PayPal is not responsible for any loss resulting from the recipient's decision to refuse or refund your payment, except to the extent that a refund sent by the recipient is a payment executed incorrectly by PayPal We are not liable to you for the difference between the value of your original payment and the value of the resulting refund, except to the extent that the refund is an incorrect payment (see the section on Resolving Problems).

  • Closing Payment Amount will have the meaning set forth in Section 1.3(a).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.