Tier 2 Payment definition

Tier 2 Payment means all amounts paid or otherwise owing to PSL under the Paybridge Contract with respect to revenues generated as fees and/or float for clients referred to PayBridge by other service providers that were introduced to PayBridge by PSL.
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Examples of Tier 2 Payment in a sentence

  • For the avoidance of doubt, payments from a third party to Alexza for reimbursement of employee costs, out-of-pocket expenses, costs of clinical trial materials, toxicology studies and clinical trials shall not be considered a Tier 1 Payment, Tier 2 Payment or Tier 3 Payment for purposes of this Agreement.

  • A Settlement Class member who elects to pursue Expedited Arbitration may not re-elect to receive a Tier 1 or Tier 2 Payment, regardless of whether the payment otherwise available under those Tiers would have been greater than that ultimately awarded by the Arbitrator.

  • In the event that claims made pursuant to Paragraphs 12 and 13 otherwise would require AOL to make aggregate cash payments in excess of five million dollars ($5,000,000), AOL will make a cash payment of five million dollars ($5,000,000), and the cash payments to those entitled to cash payments pursuant to Paragraphs 12 and 13 will be reduced on a pro rata basis in proportion to the monetary value of each Settlement Class member’s Tier 1 or Tier 2 Payment or Arbitration Award.

Related to Tier 2 Payment

  • Lump Sum Payment means a single payment that is not anticipated to continue.

  • Payment Amount has the meaning specified in Section 6.1.

  • Make-Whole Payment means, with respect to any Series 2024-2 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2024-2 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2024-2 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

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

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –