Trigger Payment definition

Trigger Payment has the meaning specified in Section 8.2(a) hereof.
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Trigger Payment means an aggregate payment in one (1) lump sum within thirty (30) days following any Trigger Event totaling an amount equal to three times Executive's annual Base Salary in effect at the time of the Trigger Event.
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Trigger Payment shall have the meaning provided in the Priming Facility Credit Agreement.
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Examples of Trigger Payment in a sentence

  • OPTION GRANTOR shall have no obligation to pay the Trigger Payment if OPTION HOLDER is in material breach of any of its representations or warranties, or in material breach of any of its covenants or agreements, contained in this Agreement or in the Merger Agreement.

  • The Trigger Payment shall be paid to OPTION HOLDER by OPTION GRANTOR on the Payment Date (as defined herein), by wire transfer of immediately available funds to an account to be designated in writing by OPTION HOLDER not less than two business days before the Payment Date.

  • Demand for the Trigger Payment shall be given by notice in accordance with the provisions of Section 17 hereof.

  • Notwithstanding the forgoing, the payment of the Trigger Payment (as defined in the Term Loan Agreement) shall not cause any adjustment to the Exercise Ratio.

  • In the event Danka pays GE Capital the Termination Fee pursuant to this Section 7.5, then the parties agree that Danka shall not be also obligated to GE Capital in respect of a Trigger Payment that would otherwise be payable pursuant to this Agreement in connection with any Measurement Period which Measurement Period is included in the calculation of the amount of such Termination Fee.

  • Notwithstanding the foregoing, that the Company’s obligation to make any Trigger Payment shall be reduced by an amount equal to any portion of Principal amount of this Debenture, together with any accrued and unpaid Interest, that, following the applicable Trigger Date, is converted into shares of Common Stock by the Holder pursuant to the terms and conditions set forth in Section (4) prior to such Trigger Payment due date (provided that the Holder is under no obligation to make any such conversions).

  • Each Trigger Payment shall be in an amount equal to the sum of (i) $1,000,000 of Principal amount outstanding, or, if less than $1,000,000 of Principal amount is outstanding under this Debenture as at the Trigger Date, the entire Principal amount outstanding (the “Triggered Principal Amount”), plus (ii) the Redemption Premium (as defined below) in respect of such Triggered Principal Amount, and (iii) accrued and unpaid Interest hereunder as of each payment date.

  • In respect of any Look Back Measurement Period to which there is applicable a Carry Back Volume Credit, GE Capital shall pay to Danka a Trigger Payment Return in an amount equal to the lesser of (i) the Trigger Payment previously received by GE Capital from Danka in respect of such Look Back Measurement Period and (ii) the product of 4.75% multiplied by an amount equal to the Carry Back Volume Credit for such Look Back Measurement Period.

  • Accordingly: • if on a specified Coupon Trigger Valuation Date, the Relevant Observation Performance is equal to or greater than the relevant Coupon Trigger Level, holders of the Notes ("Noteholders") will receive on the corresponding Coupon Trigger Payment Date a "Coupon Trigger Amount" per Note equal to the principal amount of such Note multiplied by the relevant Coupon Trigger Rate.

  • The Employment Term shall terminate on the date of Executive's death, in which event Executive's salary owing to Executive through the date of Executive's death, any unpaid Trigger Payment that had earlier accrued, Executive's benefits owing to Executive through the date of Executive's death, and reimbursable expenses owing to Executive through the date of Executive's death shall be paid to his estate.


More Definitions of Trigger Payment

Trigger Payment shall have the meaning provided in Section 8.16(d).
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Trigger Payment means the $5,000,000 payment SPI agrees to make to Streeterville on the earlier of the following: (i) within five (5) business days of the closing of the SolarJuice IPO; (ii) within seven (7) calendar days of the date that SolarJuice is listed for trading; or (iii) on or before 31 May 2024;
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Related to Trigger Payment

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Trigger Period means the period commencing on the first public announcement by the Issuer of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control; provided, that if the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies, such 60-day period shall be extended until the first to occur of (x) the date that such Rating Agency announces the results of its review and (y) the date that is 180 days after consummation of the Change of Control.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • Trigger Price for any Pricing Period shall mean the greater of (i) the Company Designated Minimum Put Share Price, plus $0.075, or (ii) the Company Designated Minimum Put Share Price divided by .91.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Cash Dominion Event means any of the following: (i) the occurrence and continuance of an Event of Default under clause (a), (f) or (g) of Section 8.01; (ii) the occurrence and continuance of an Event of Default under clause (b)(i)(B) or (e) of Section 8.01; (iii) the occurrence and continuance of an Event of Default under subclause (ii) of clause (c) of Section 8.01; (iv) the occurrence and continuance of an Event of Default under subclause (i) of clause (c) of Section 8.01 (to the extent such Event of Default results from a failure to comply with Section 6.01(i) or 6.01(ii)); or (v) the failure of the Loan Parties to maintain, for four consecutive Business Days, Excess Availability of at least $7,500,000. For purposes of this Agreement, the occurrence of any particular Cash Dominion Event shall be deemed continuing (a) if such Cash Dominion Event arises under clause (i) above, from the date of the occurrence of such Event of Default and for so long as such Event of Default is continuing and has not been cured or waived, (b) if such Cash Dominion Event arises under clause (ii), (iii) or (iv) above, from the date of the delivery by the Administrative Agent of a notice to the Lead Borrower of its intent to initiate a Cash Dominion Event based on such Event of Default and for so long as such Event of Default is continuing and has not been cured or waived and/or (c) if such Cash Dominion Event arises under clause (v) above, until Excess Availability is equal to or greater than $7,500,000 for 30 consecutive calendar days, in which case such Cash Dominion Event shall no longer be deemed to be continuing for purposes of this Agreement.

  • Cash Dominion Trigger Period means the period commencing on the occurrence of a Cash Dominion Trigger Event, and continuing until the date that (a) no Event of Default shall be continuing and (b) Excess Availability is greater than or equal to the greater of (i) 15.0% of the Line Cap and (ii) $6,250,000, in each case, for a period of at least three (3) consecutive Business Days.

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Excess Cash Flow Payment Period means, with respect to the repayment required on each Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Payment Event means the event or events giving rise to the right to payment of a Performance Award.

  • Guarantor Payment as defined in Section 5.11.3.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Delta Payment means as it is described in this Agreement.

  • Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.

  • Minimum Interest Charge has the meaning given in Section 2.2(b).

  • Dominion Period has the meaning given to such term in the Intercreditor Agreement.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, in each case to avoid the application of Section 163(e)(5) of the Code thereto.

  • Cash Dominion Period means the period commencing after the occurrence of a Cash Dominion Event and continuing until the date when (A) no Event of Default shall exist and be continuing, and (B) Excess Availability is greater than the greater of (x) 12.5% of the Line Cap, and (y) $25,000,000 for 30 consecutive days.

  • Payment Amount as defined in Section 3.5.