Deposits and Prepayments Sample Clauses

Deposits and Prepayments. Subject to the adjustment and proration of items as of the Closing as contemplated by Sections 2.6.3 and Section 2.7, all advance payments, prepayments, prepaid expenses, deposits and other similar payments made by the Seller to the extent related to the Purchased Assets and existing as of the Closing (collectively, “Prepayments”), including those Prepayments listed by category and approximate amount on Schedule 2.1.10 as of the close of the most recent fiscal quarter ended at least one month prior to the date of this Agreement. Prior to the Closing, the amount of the Prepayments set forth on Schedule 2.1.10 shall be updated by the Seller as of two (2) Business Days prior to the scheduled Closing Date.
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Deposits and Prepayments. Such adjustment shall be equal to the amount of excess, and shall be paid to either Seller, in cash, if the excess increases the Initial Purchase Price or Buyer, in cash, if the excess decreases the Initial Purchase Price, as applicable as part of the Initial Purchase Price within ninety (90) days following the Closing Date (the “Purchase Price Adjustment”). Buyer shall return, assign, transfer, convey and deliver to Seller and any all such Accounts Receivable which have not been collected in full by Buyer as of the day that is ninety (90) days following the Closing Date, and Buyer shall relinquish all of its rights with respect to such Accounts Receivable, provided that if such Account Receivable was included in the Closing Date Statement (defined below) then such Account Receivable was not included in the True-Up Statement. Seller shall have the sole right to any amounts collected by Seller with respect to such Accounts Receivable returned to Seller by Buyer.
Sample 1
Deposits and Prepayments. Subject to the adjustment and proration of items as of the Closing as contemplated by Sections 2.6.3.1 and 2.7, all of the Sellers’ and their Affiliates’ right, title and interest in and to advance payments, prepayments, prepaid expenses, deposits and other similar payments made by the Sellers or their Affiliates to the extent they are Related to the Assets or the Business and exist as of the Closing (collectively, “Prepayments”), including those Prepayments listed by category and approximate amount on Schedule 2.1.11 as of the close of the most recent fiscal quarter ended at least one month prior to the date of this Agreement. Prior to the Closing, the amount of the Prepayments set forth on Schedule 2.1.11 shall be updated by the Sellers as of two (2) Business Days prior to the scheduled Closing Date. The Prepayments shall not include any guaranties, letters of credit, bonds, security deposits, and other surety obligations required to be replaced by the Buyer pursuant to Section 6.12.
Sample 1
Deposits and Prepayments. On and with effect from the Delivery Date, the Seller hereby cedes to the Purchaser all of its rights, title and interest in and to the Deposits and Prepayments, which cession the Purchaser hereby accepts.
Sample 1
Deposits and Prepayments. Sellers have not received any payments or deposits from Customers for products relating to the Products not yet shipped by Sellers to such Customers.
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Deposits and Prepayments. All of CSIL's rights and interests in and to the amount of any and all deposits and prepayments made to CSIL with respect to the Customer Contracts and CSIL's rights of offset with respect to such contracts as of the date of Closing;
Sample 1
Deposits and Prepayments. Attached hereto as Section 3.22 of the Seller Disclosure Schedule is a complete and accurate list of all amounts received by Acuitrek from customers for which work has not yet been performed along with estimated uses of such amounts.
Sample 1
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Deposits and Prepayments. SELLER shall be entitled to receive an amount equal to all deposits and prepayments relating to the BUSINESS transferred to BUYER at the CLOSING which are held by depositees and third parties for the benefit of BUYER following the CLOSING. Notwithstanding the foregoing, the deposit paid under the Real Property Lease for the Boston Location shall be handled in the manner as provided for in Section 7.03. A listing of all deposits and prepayments which may be applicable to the CLOSINGS provided for hereunder is set forth on Schedule 6.02.
Sample 1
Deposits and Prepayments. Buyer shall agree to honor all deposits and prepayments, issued or held by Seller prior to the Date of Closing; provided, however, that all deposits and prepayments issued or held shall be paid to Buyer by Seller at Closing. Buyer shall also agree to honor all prepaid advertising agreements issued to or held by Seller prior to the Date of Closing.
Sample 1

Related to Deposits and Prepayments

  • Payments and Prepayments 1.1 Payments and prepayments of principal and interest on this Note shall be made to Payee at 000 Xxxxxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxxx Xxxxxx, X.X. 10604.

  • Repayments and Prepayments The Borrower shall repay in full the unpaid principal amount of each Loan upon the Stated Maturity Date therefor. Prior thereto, the Borrower

  • Mandatory Repayments and Prepayments 28 SECTION 3.06.

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

  • Repayment and Prepayment 6.1 Subject to the terms of this Agreement the Loans shall be repaid in full on the Final Repayment Date.

  • All Prepayments Except as this Agreement may specifically provide otherwise, all prepayments of the Term Loan shall be applied by Agent to the Obligations in inverse order of maturity. The monthly payments required under Schedule 2.1 shall continue in the same amount (for so long as the Term Loan and/or (if applicable) any advance thereunder shall remain outstanding) notwithstanding any partial prepayment, whether mandatory or optional, of the Term Loan. Notwithstanding anything to the contrary contained in the foregoing, in the event that there have been multiple advances under the Term Loan each of which such advances has a separate amortization schedule of principal payments under Schedule 2.1 attached hereto, each prepayment of the Term Loan shall be applied by Agent to reduce and prepay the principal balance of the earliest-made advance then outstanding in the inverse order of maturity of the scheduled payments with respect to such advance until such earliest-made advance is paid in full (and to the extent the total amount of any such partial prepayment shall exceed the outstanding principal balance of such earliest-made advance, the remainder of such prepayment shall be applied successively to the remaining advances under the Term Loan in the direct order of the respective advance dates in the manner provided for in this sentence).

  • Repayments and Prepayments; Application The Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms.

  • Optional Prepayments with Make Whole Amount. The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes of any series, in an amount not less than $5,000,000 in the case of a partial prepayment of any series, at 100% of the principal amount so prepaid, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of Notes of any series being prepaid written notice of each optional prepayment under this Section 8.2 not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Notes of such series to be prepaid on such date, the principal amount of each Note of such series held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

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