Upfront Amount definition
Examples of Upfront Amount in a sentence
Effective as of and from the Effective Date, Remaining Party and Assignor hereby release one another from all duties and obligations owed under and in respect of the Assigned Transaction and the Confirmation, and Assignor hereby terminates its rights under and in respect of the Assigned Transaction; provided, that such release shall not affect Assignor's obligation to pay the Upfront Amount in accordance with the terms of the Assigned Transaction and the Confirmation.
Effective as of and from the Effective Date, Remaining Party and Assignor hereby release one another from all duties and obligations owed under and in respect of the Assigned Transaction and the Confirmation, and Assignor hereby terminates its rights under and in respect of the Assigned Transaction; provided, that such release shall not affect Remaining Party's obligation to pay the Upfront Amount in accordance with the terms of the Assigned Transaction and the Confirmation.
Payment of the Project Development Fee, First instalment of Upfront Amount and First initial “base Year Annual Lease Rental”, First Year Advance Annual Lease Rental, submission of Performance Security Bank Guarantee, shall be preconditions for the signing of the Authorisation Agreement.
If the Buyer fails to pay the Actual Purchase Price in accordance with Clause 5 (Payment of Purchase Price and Upfront Amount), the Seller shall have the right to cancel this MOA after full repayment of the Pre-delivery Financing and any interest accrued up to and including the Delivery Date.
Adjustment of Upfront Amount towards Monthly Payments shall be on a monthly basis i.e. maximum 50% of the Monthly Payment for the month to be paid by the Successful Bidder shall be adjusted against Upfront Amount and would be reconciled at the end of the year.