Incremental Payment definition

Incremental Payment shall have the meaning given such term in Section 2.9 of the Credit Agreement.
View Source
Incremental Payment shall have the meaning set forth in Section 2.2.8. Indebtedness shall mean, at any given time, the Principal Amount, together with all accrued and unpaid interest thereon and all other obligations and liabilities due or to become due to Lenders pursuant hereto, under the Note or in accordance with the other Loan Documents and all other amounts, sums and expenses paid by or payable to Lenders hereunder or pursuant to the Note or the other Loan Documents.
View Source
Incremental Payment shall have the meaning set forth in Section 2.2.8.
View Source

Examples of Incremental Payment in a sentence

  • Payment for Core M&O Services includes Non-Key Deliverables, Reports, and Transition Deliverables, which are not tied to an Incremental Payment Sum.

  • No Incremental Payment shall be made with respect to Incremental Revenue upon which a previous Incremental Payment had been made (and thus, a maximum of $10,000,000 in the aggregate of Incremental Payments may be made) Incremental Payments will only be made for each [*] dollar Incremental Revenue threshold reached.

  • This Agreement may not be assigned by Simulscribe without Ditech’s prior written consent, except that Simulscribe may assign its rights to receive payment due under the promissory notes and payment of the Incremental Payment and the conversion and related rights with respect thereto.

  • The election to convert must be made by Simulscribe within five (5) business days after the later of the Incremental Payments Calculation Date to which the Incremental Payment relates and the date upon which the Independent Auditor (as defined in Section 3.2(b) hereof) resolves any dispute with respect to such Incremental Payment.

  • Subject to Section 3.3, each Incremental Payment may be converted in whole but not in part, at Simulscribe’s option, into shares of Ditech common stock (“Ditech Stock”) at $5.00 per share of Ditech Stock.

  • No prorated Incremental Payment shall be made for Incremental Revenue amounts lower than the [*] dollar thresholds.

  • Upon the occurrence of a Trigger Event the Incremental Revenue shall be deemed to be $[*] and, subject to the conversion rights set forth in Section 3.2(d) and 3.3, the payment of the entire unpaid balance of the $10,000,000 Incremental Payment shall be immediately due and payable.

  • No Incremental Payment shall be made by any Lender after such Lender's Termination Date (or, with respect to any B-Holder, after such B-Holder's Commitment Termination Date).

  • No Incremental Payment will be made until $[*] of Incremental Revenue is recognized by Ditech or Simulscribe, as applicable.

  • Employees otherwise entitled shall not lose their State Incremental Payment whilst absent from work on leave with pay.


More Definitions of Incremental Payment

Incremental Payment is defined in Section 2.07 of this Agreement.
View Source
Incremental Payment has the meaning set forth in Section 4.1.
View Source
Incremental Payment. Pay for any partial hours worked will be in fifteen (15) minute increments.
View Source
Incremental Payment has the meaning set forth in Section 3.1(a). “Incremental Recurring Amount” means, with respect to each Semi-Annual Date, an amount equal to the number of Conservation Event(s) that have occurred and are continuing after Incremental Base Amount(s) in respect thereof have been paid in accordance with the terms of this Agreement, as of such Semi-Annual Date times U.S.$150,000.
View Source

Related to Incremental Payment

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Total Payment shall have the meaning set forth in Section 2.4(a).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.