Third Instalment definition

Third Instalment means an amount which:

Third Instalment has the meaning ascribed thereto in Section 2.2(a)(iii) .

Third Instalment has the meaning given to it in clause 3.4.5;

Examples of Third Instalment in a sentence

• The Crown shall be entitled to defer either of the payments due on the Second or Third Instalment Payment Dates, as the case may be, if at either of such dates Maori is in default in the performance or observance of any of the agreements on the part of Maori herein contained (excluding the agreements referred to in clauses 4.2, 4.3 and 4.4) until such time as any such default has been remedied to the satisfaction of the Crown.

• As set forth in paragraph 16 of the “Report and Recommendations Made by the Panel of Commissioners concerning the Third Instalment of ‘E3’ Claims (S/AC.26/1999/1) (the “Third Report”), the Panel determined that “Iraq” as used in decision 9 (S/AC.26/1992/9) means the Government of Iraq, its political subdivisions, or any agency, ministry, instrumentality or entity (notably public sector enterprises) controlled by the Government of Iraq.

• The contribution will be for the following period: 2022, 2023 and 2024, in accordance with the following payment schedule: Year of Payment Amount in Euro First Instalment 2022 159 666,000 Second Instalment 2023 159 666,000 Third Instalment 2024 159 668,000 Total Contribution 2022-24 479 000,000 2.2. The first instalment of EUR 159 666,000 will be made upon the signature of this Agreement.

• Prerequisites for payment of the Third Instalment of Consideration: (1) the change of industrial and commercial registration for the Acquisition is completed; (2) from the date of payment of the Second Instalment of Consideration to the date of payment of the Third Instalment of Consideration, there has been no event, individually or in the aggregate, that has a material adverse effect on the Target Company.

• Prerequisites for payment of the Fourth Instalment of Consideration: (1) all handling fees, intermediary fees, taxes and other expenses for the of the Capital Increase and the Acquisition have been paid; (2) from the date of payment of the Third Instalment of Consideration to the date of payment of the Fourth Instalment of Consideration, there has been no event, individually or in the aggregate, that has a material adverse effect on the Target Company.

More Definitions of Third Instalment

Third Instalment means the third instalment of the Contract Price to be paid by the Guarantor to the Seller under the Building Contract in the amount of $8,160,000 following laying of the Vessel's keel;

Third Instalment has been fixed by the Parties in Euro 3.359.880,00. It is expressly agreed that all costs accounted by the Company for the Scampitella Project until the date of the Closing will have to be added pro quota to the above-mentioned amount. Moreover, it is agreed that, should the total cost for the development of the Scampitella Project exceed the sum of Euro 1.000.000,00 (one million), the approval by the Parties will have to be given for each single cost item exceeding Euro 10.000,00. It is further agreed that, in case of disagreement among the Parties with respect to the above-mentioned costs, said costs will be borne by the Sellers. The Parties mutually acknowledge and agree that should, from an economical point of view, the decrease of the effective power of Scampitella Project of the wind park with result more convenient respect to the power authorized by the public authority , the Third Instalment will be reduced of Euro 183.000,00 for each missing MW with respect to the 36 MW initially foreseen. The Third Instalment, to be calculated as above, will be paid by the Buyer to the Sellers within 10 (ten) Working Days from the occurrence of the Conditions for the Project Scampitella. The Parties undertake to immediately the occurrence of the conditions relevant the Second and Third Instalment. The Parties irrevocably undertake to make their best efforts to allow the occurrence of the conditions relevant to the Second and Third Instalment. In case within December 31st 2008 the Conditions for the Enlargement and/or the Conditions for the Project Scampitella have not occurred, nor can be reasonably expected to occur in the next future, the Parties will meet to discuss in good faith the opportunity to pursue with said projects and to agree on the relevant changes to the Contract, on the basis of a fair evaluation of the respective. In case the Parties will not reach an agreement within 3 (three) months, the Parties agree that the Contract will be considered as automatically terminated with respect to the future obligations and rights, but will remain fully valid and effective with respect to all rights and obligations already in force on the date of the termination. Back to Index The Parties agree that, should the Company receive a financial grant as a consequence of the Requests 488, as indicated under recital C) of the Contract, the Buyer will pay to the Sellers, in addition to the Price, additional sums pro quota with respect to the sums actually received by t...

Third Instalment means the third payment to be made by Purchaser hereunder which payment shall be in the amount of Dollars (US $ ).

Third Instalment means the sum of $125,000;

Third Instalment means, in relation to each Shipbuilding Contract, the third instalment of the relevant Contract Price payable by the Lessor to the Builder under Article 2.3 of such Shipbuilding Contract and described therein as the “Third Instalment”;

Third Instalment means an amount calculated in accordance with the ---------------- following formula: If the Adjusted Relevant Profits shall be (Pounds)3,255,000 or more then the Third Instalment shall be calculated as follows: -------------------------------------------------------------------------- Adjusted Multiple Incremental Third Instalment Relevant Profits Surplus Payment (Pounds)'000 (Pounds)'000 (Pounds)'000 -------------------------------------------------------------------------- (Pounds)3,255 4.63 (Pounds)659 (Pounds)659 -------------------------------------------------------------------------- (Pounds)3,469 4.51 (Pounds)574 (Pounds)1,233 -------------------------------------------------------------------------- (Pounds)3,690 4.37 (Pounds)480 (Pounds)1,713 -------------------------------------------------------------------------- (Pounds)3,906 4.23 (Pounds)397 (Pounds)2,110 -------------------------------------------------------------------------- (Pounds)4,127 4.15 (Pounds)605 (Pounds)2,715 -------------------------------------------------------------------------- (Pounds)4,347 4.10 (Pounds)696 (Pounds)3,411 -------------------------------------------------------------------------- If the Adjusted Relevant Profits shall fall between any two sums (the "lower sum" and "higher sum") in column 1 in the table above, the --------- ---------- Third Instalment shall be calculated by:-

Third Instalment means the third instalment of the Option as defined in subsection 2.2(c).