Termination Payment definition

Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

Termination Payment has the meaning set forth in Section 6.03.

Termination Payment is defined in Section 5.3.

Examples of Termination Payment in a sentence

• The Termination Payment Amount shall be payable in eighteen (18) equal monthly payments commencing on the first day of the month following the month in which the termination shall occur.

• Each BGS-CIEP Supplier that is a party to such other agreements with the Company for the provision of BGS Supply hereby agrees that such other agreements are deemed amended by this Agreement for the purpose of calculating a single Termination Payment as described herein.

• The Termination Payment shall be due to or due from the Non-Defaulting Party as appropriate.

• The Company’s obligation to pay the Termination Payment Amount or any portion thereof shall be conditioned upon the Executive executing and delivering to the Company a mutual release agreement to be negotiated by each party’s counsel (the “Release Agreement”).

• The Company shall not circumvent payments of the Termination Payment Amount by providing Executive with the Release Agreement less than ten (10) days from the scheduled termination payment date, pursuant to Section 11(b).

More Definitions of Termination Payment

Termination Payment shall have the meaning set forth in Section 9.3(b) hereof.

Termination Payment. The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non- Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

Termination Payment has the meaning set forth in Section 3.4.

Termination Payment as follows:

Termination Payment means the amount payable by the Concessioning Authority to the Concessionaire upon the termination of this Concession Agreement.