Sharing Payment definition

Sharing Payment has the meaning given to it in Clause 27.1 (Payments to Finance Parties).

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Sharing Payment means a payment equal to the Sharing Amount calculated as of the first Determination Date occurring on or after the second anniversary of the date of this Agreement and each Determination Date thereafter; provided, no payment shall be made with respect to any GE Sharing Amount (as defined in the Tax Matters Agreement) prior to the fifth anniversary of the date of this Agreement; and provided further, that any Sharing Payment made pursuant to Section 4.02 of this Agreement shall be increased by such amounts as are necessary so that after paying all Taxes with respect to the receipt of such payment, the payee receives an amount equal to the amount it would have received had no such Taxes been imposed.

Sharing Payment has the meaning given in Clause 25.1 (Payments to Senior Secured Creditors).

Examples of Sharing Payment in a sentence

• On a distribution by the Facility Agent under Section 4.10.2 of a payment received by a Recovering Lender from the Borrower, solely as between the Borrower and the Recovering Lender, an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by the Borrower.

• The Agent shall treat the Sharing Payment as if it had been paid by the relevant Obligor and distribute it between the Finance Parties (other than the Recovering Finance Party) (the Sharing Finance Parties) in accordance with clause 29.6 (Partial payments) towards the obligations of that Obligor to the Sharing Finance Parties.

• The Facility Agent shall treat the Sharing Payment as if it had been paid by the Borrower and distribute it between the Lenders (other than the Recovering Lender) (the "Sharing Lenders") in accordance with Section 4.8 of this Agreement towards the obligations of the Borrower to the Sharing Lenders.

• On a distribution by the Facility Agent under Section 4.9.2 of a payment received by a Recovering Lender from the Borrower, solely as between the Borrower and the Recovering Lender, an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by the Borrower.

• The Facility Agent shall treat the Sharing Payment as if it had been paid by the Borrower and distribute it between the Lenders (other than the Recovering Lender) (the "Sharing Lenders") in accordance with Section 4.7 of this Agreement towards the obligations of the Borrower to the Sharing Lenders.

More Definitions of Sharing Payment

Sharing Payment has the meaning assigned to it in the LLC Agreement.

Sharing Payment shall have the meaning assigned thereto in Section 2.

Sharing Payment is defined in Section 4.10.1.

Sharing Payment means an amount referred to in sub-paragraph (iii) or (b)(iii) of Clause 32.2 (Payments to Finance Parties).

Sharing Payment has the meaning set forth in Section 7.5.

Sharing Payment means any payment provided for in Section 6 hereof. Sunseeds Know-How means unpatented inventions, data, processes, compositions, techniques and other technical information proprietary to Sunseeds, and biological material, which is solely owned by Sunseeds or which Sunseeds has the right to control the use of, relating to use of tomato varieties potentially applicable to the Field, including without limitation proprietary germplasm.

Sharing Payment has the meaning given to it in Clause 27.1 (Payments to Finance Parties); Signature Date means the date of the signature of the Party last signing this Agreement in time, provided that all Parties have signed this Agreement; South Africa means the Republic of South Africa;