Termination Settlement Amount definition

Termination Settlement Amount means, with respect to the Non-Defaulting Party, the Losses, if any, and Costs, each expressed as a positive amount in Dollars, that such Party incurs as a result of the termination of this Agreement pursuant to Section 15.2.
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Termination Settlement Amount means the amount payable to Manager hereunder which includes, without limitation, all Management Fees and any reimbursements payable hereunder to Manager through the Termination Effective Date.
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Termination Settlement Amount means, with respect to this Agreement and the Non- Defaulting Party, the Losses or Gains, expressed in USD, which such Party incurs as a result of the termination and liquidation of this Agreement pursuant to ARTICLE 8. If the Non-Defaulting Party’s Losses exceed its Gains, then the Termination Settlement Amount shall be an amount owed to the Non-Defaulting Party. If the Non-Defaulting Party’s Gains exceed its Losses, then the Termination Settlement Amount shall be zero dollars ($0). The Termination Settlement Amount shall not include consequential, punitive, exemplary or indirect or business interruption damages.
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Examples of Termination Settlement Amount in a sentence

  • Early Termination Settlement Amount: The amount agreed between the parties.

  • Notwithstanding the above, Manager may withhold funds in excess of the Termination Settlement Amount that Manager reasonably believes are necessary to pay amounts owed under this Agreement and bills previously incurred, but not yet invoiced.

  • Company hereby authorizes Manager to pay itself the Termination Settlement Amount from funds then on deposit in the Operating Account and/or the Working Reserve Amount.

  • During any such negotiation period the calculation and payment of the Termination Settlement Amount will continue.

  • If the Non-Defaulting Party’s Losses exceed its Gains, then the Termination Settlement Amount shall be an amount owing to the Non-Defaulting Party.

  • Any portion of the Termination Settlement Amount which is ------- not paid when due shall incur an aggregated late charge equal to fifteen percent (15%) of the unpaid amount and shall thereafter be payable with interest at the rate of five percent (5%) per annum in excess of the prime or base rate of Bank of America (or its successor) in effect from time to time from the due date to the date of payment.

  • The Termination Settlement Amount for Software is; any outstanding invoice.

  • If the Non-Defaulting Party’s Gains exceed its Costs and Losses, then the Termination Settlement Amount shall be zero dollars ($0).

  • In no event shall such funds be credited towards Tenant's obligation to pay the Termination Settlement Amount.

  • If the Customer terminates this Agreement for Convenience according to the Termination clause of the SDA conditions, the Customer shall pay to IBM within 30 days from the effective date of such termination a Termination Settlement Amount, a Maintenance Settlement amount and a Loan Settlement amount defined below.


More Definitions of Termination Settlement Amount

Termination Settlement Amount means the amount to be paid to the Bank (expressed as a positive number) or the amount to be paid by the Bank (expressed as a negative number) to enter into an agreement which, if not terminated, has the effect of allowing the Bank to maintain the same economic value as the amount of the payment required under the foreign exchange contract, as quoted by a financial institution participating in the domestic foreign exchange market (the market quotation). If the market quotation cannot be determined or obtained, or if the calculation of the Termination Settlement Amount based on the market quotation is not appropriate, the Termination Settlement Amount shall mean the total damage amount suffered by the Bank including loss of bargain for each outstanding foreign exchange contract terminated, funding costs, etc. (the basis of calculation required to be specified) However, if the Customer raises any objection on the calculation method of the Bank, etc. the Bank shall review the case and notify the result thereof within one (1) month.
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