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

• Upon payment by Distributor of the First Termination Payment, no further payments are required under this Agreement and this Agreement shall automatically terminate.

• However, if Distributor does not make the First Termination Payment, but determines at some point after June 30, 2025, and by no later than December 31, 2025, that the trial conducted pursuant to the PMA Alternative has failed, Distributor shall then make a payment to Regenity of [******] (the “Second Termination Payment”).

• Upon payment by Distributor of the Second Termination Payment, this Agreement shall automatically terminate, and Distributor shall no longer be required to make the $3,000,000 payment in accordance with Section 2.2(a)(ii) above.

• Distributor shall communicate to Regenity, via electronic mail, on or before each of June 30, 2025 and December 31, 2025 (as applicable), its intention to either terminate the Agreement and make either the First Termination Payment or the Second Termination Payment (as applicable) or to continue to market, sell and distribute the Product through its Exclusive Distribution in accordance with this Agreement.

More Definitions of Termination Payment

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

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. 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 or Damage Payment Amount, as applicable, 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 as follows:

Termination Payment has the meaning set forth in Section 3.4.

Termination Payment has the meaning specified in Section 15.2(b).