True Up Payment definition
True Up Payment means a payment into the applicable Reserve Account of a sum which, together with any applicable monthly deposits into the applicable Reserve Account, will be sufficient to discharge the obligations and liabilities for which such Reserve Account was established as and when reasonably appropriate. The amount of the True Up Payment shall be determined by Lender in its reasonable discretion and shall be final and binding absent manifest error.
True Up Payment means a payment into the applicable Reserve Account of a sum which, together with any amounts then on deposit in the applicable Reserve Account, will be sufficient to discharge the obligations and liabilities for which such Reserve Account was established as and when such obligations and liabilities are required to be paid. The amount of the True Up Payment shall be determined by Lender in its reasonable discretion in accordance with the Loan Documents and shall be final and binding absent manifest error.
True Up Payment has the meaning set forth in Section 6(d).
Examples of True Up Payment in a sentence
Notwithstanding Section 7.6, in the event of termination by LONZA pursuant to this Section 14.2, within [***] of such termination, CLIENT shall be required to pay the then-applicable True-Up Payment, if any.
More Definitions of True Up Payment
True Up Payment has the meaning set forth in Section 9.4.
True Up Payment shall have the meaning set forth in the Mortgage Loan Agreement.
True Up Payment shall have the meaning ascribed to such term in Section 5.6.
True Up Payment has the meaning set out in Section 3.2(b);
True Up Payment shall have the meaning set forth in Section 3.01(c).
True Up Payment means an amount, if any, calculated on an Annual Statement Date, equal to the amount by which (i) $1,000,000 x Y exceeds (ii) P (where "Y" equals the number of Annual Statement Dates which have occurred prior to and including such date of calculation and "P" equals the sum of the aggregate amount of all (x) Mentadent Payments paid to Seller prior to such date of calculation and due and payable on the Annual Statement Payment Date next following plus (y) True-Up Payments paid to Seller prior to such date of calculation; provided, however, that "True-Up Payment" shall mean an amount equal to zero so long as Seller has received from Purchaser an aggregate amount of Mentadent Payments and True-Up Payments equal to or in excess of $5,000,000.
True Up Payment has the meaning given thereto in Section 2(c);