True-Up Payment Definition: 115 Samples - Law Insider

True-Up Payment definition

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Open Split ViewShareCiteTrue-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.Sample 1Sample 2Sample 3Based on 48 documents48SaveCopyTrue-Up Payment has the meaning set forth in Section 9.4.Sample 1Sample 2Sample 3Based on 9 documents9SaveCopyTrue-Up Payment has the meaning set forth in Section 6(d).Sample 1Sample 2Sample 3Based on 8 documents8SaveCopy

Examples of True-Up Payment in a sentence

  • All refunds or adjustments of any type received by Xxxx related to any Ancillary Costs shall be reflected in the Monthly True-Up Payment as provided in Section 12.5 below.

  • For the avoidance of doubt, Class A CP True-Up Payment Amounts, if any, shall be paid in accordance with Section 5.3 as a component of the Class A Monthly Interest Amount.

  • For the avoidance of doubt, Class B CP True-Up Payment Amounts, if any, shall be paid in accordance with Section 5.3 as a component of the Class B Monthly Interest Amount.

  • For the avoidance of doubt, Indemnitor shall pay such portion of any Quarterly Payment, Cash True-Up Payment or Accrued Amounts subject to a Financial Covenant Deferral to the extent that payment would not result in a Financial Covenant Deferral.

  • For the avoidance of doubt, Class A CP True-Up Payment Amounts, if any, shall be paid in accordance with Sub-Clause 5.3 as a component of the Class A Monthly Interest Amount.

More Definitions of True-Up Payment

True-Up Payment has the meaning given thereto in Section 2(c);Sample 1Sample 2Sample 3Based on 6 documents6SaveCopyTrue-Up Payment shall have the meaning ascribed to such term in Section 5.6.Sample 1Sample 2Sample 3Based on 5 documents5SaveCopyTrue-Up Payment shall have the meaning set forth in the Mortgage Loan Agreement.Sample 1Sample 2Sample 3Based on 5 documents5SaveCopyTrue-Up Payment has the meaning set forth in Section 2.02(b).Sample 1Sample 2Based on 5 documents5SaveCopyTrue-Up Payment shall have the meaning set forth in Section 3.01(c).Sample 1Sample 2Based on 5 documents5SaveCopyTrue-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.Sample 1Sample 2Sample 3Based on 3 documents3SaveCopyTrue-Up Payment shall have the meaning set forth in Section 5.B. hereof.Sample 1Sample 2Based on 3 documents3SaveCopy

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