UOP PAYMENT AMOUNT definition
UOP PAYMENT AMOUNT means, at any date, the amount that is due to be paid (but has not yet been paid) to the Borrower by UOP, LLC, a Delaware limited liability company ("UOP") pursuant to that certain asset purchase agreement between the Borrower and UOP, which amount constitutes a portion of the purchase price for the Alumina Asset Sale which UOP has acknowledged it is contractually obligated to pay to the Borrower pursuant to contractual arrangements in effect on the Amendment No. 2 Effective Date (such portion of the purchase price being comprised of the following amounts: $3,100,000 in consideration of the Kaiser servitude, $420,000 as payment of amounts held back for inventory purchases and $2,133,750 as payment of the inventory purchase price adjustment); PROVIDED that if the UOP Payment Amount at any date exceeds $5,653,750, the UOP Payment Amount at such date shall be deemed to be $5,653,750.