Alternative Payments Sample Clauses

Alternative Payments. In lieu of the requirements set forth in clause (a) above, the Borrower may make a prepayment of the Loans in a minimum amount sufficient to cure the Borrowing Base Deficiency on or before August 15, 2015. The prepayment of Loans pursuant to this clause (c) shall be deemed to satisfy the Borrower’s obligations under clause (a) above.”
Sample 1
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Alternative Payments. 9. Notwithstanding the terms and conditions of Paragraph 6(b) (a Working Capital Infusion) or Paragraph 8(a) (Monthly Payments of Current Pay Interest), in the event that the Working Capital Infusion of $500,000.00 due on or about February 15, 2000 has not been received on or before February 21, 2000, then the Borrower shall pay to the Lender $100,000.00 in principal on each of February 21, 2000, March 20, 2000, and April 20, 2000.
Sample 1
Alternative Payments. (a) If on or before the First Anniversary there is a Contingent Event (as defined below), then in lieu of the Earn Out Payment for such period, the Sellers shall receive Pro Rata from Buyer or Parent (a) the greater of (i) an aggregate payment of $500,000.00 in cash or (ii) the amount as calculated above for the Earn Out Payment, and (b) an aggregate payment of $500,000.00 in cash (the "First Year Payment" and an "Alternative Payment"). The First Year Payment shall be made, if at all, within sixty (60) days of the First Anniversary, unless the Contingent Event is one described in (c)(ii) or (iii) below, in which case the First Year Payment shall be due and payable immediately upon the occurrence of such Contingent Event.
Sample 1
Alternative Payments. In addition to the foregoing, each Equity Owner shall take all other actions as the Managers may reasonably direct with respect to the Equity Owner’s tax or other liabilities described in Section 4.04 or in Section 4.05, including filing an amended return for any "reviewed year" to account for all adjustments under Code § 6225(a) (as amended from time to time, including by Bipartisan Budget Act of 2015 (Pub. L. 114-74)) properly allocable to the Equity Owner as provided in, and otherwise contemplated by, Code § 6225(c) and any Treasury Regulations that may be promulgated under it. Further, each Equity Owner shall timely report on its income tax return its share of any adjustment to income, gain, loss, deduction, or credit as determined in any notice of final partnership adjustment and as reported to the Equity Owner by the Company in accordance with Code § 6226 when the Company has made an election under that Code section.
Sample 1

Related to Alternative Payments

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Protective Payments If Borrower fails to obtain the insurance called for by Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to pay under this Agreement or any other Loan Document or which may be required to preserve the Collateral, Bank may obtain such insurance or make such payment, and all amounts so paid by Bank are Bank Expenses and immediately due and payable, bearing interest at the then highest rate applicable to the Obligations, and secured by the Collateral. Bank will make reasonable efforts to provide Borrower with notice of Bank obtaining such insurance at the time it is obtained or within a reasonable time thereafter. No payments by Bank are deemed an agreement to make similar payments in the future or Bank’s waiver of any Event of Default.

  • Advance Payments Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's intention in making any unscheduled payment.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Sensitive Payments No Loan Party (a) has made or will at any time make any contributions, payments or gifts to or for the private use of any governmental official, employee or agent where either the payment or the purpose of such contribution, payment or gift is illegal under the applicable laws of the United States or the jurisdiction in which made or any other applicable jurisdiction, (b) has established or maintained or will at any time establish or maintain any unrecorded fund or asset for any purpose or made any false or artificial entries on its books, (c) has made or will at any time make any payments to any Person with the intention that any part of such payment was to be used for any purpose other than that described in the documents supporting the payment, or (d) has engaged in or will at any time engage in any “trading with the enemy” or other transactions violating any rules or regulations of the Office of Foreign Assets Control or any similar applicable laws, rules or regulations.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Income Payments Seller shall be entitled to receive an amount equal to all Income paid or distributed on or in respect of the Securities that is not otherwise received by Seller, to the full extent it would be so entitled if the Securities had not been sold to Buyer. Buyer shall, as the parties may agree with respect to any Transaction (or, in the absence of any such agreement, as Buyer shall reasonably determine in its discretion), on the date such Income is paid or distributed either (i) transfer to or credit to the account of Seller such Income with respect to any Purchased Securities subject to such Transaction or (ii) with respect to Income paid in cash, apply the Income payment or payments to reduce the amount, if any, to be transferred to Buyer by Seller upon termination of such Transaction. Buyer shall not be obligated to take any action pursuant to the preceding sentence (A) to the extent that such action would result in the creation of a Margin Deficit, unless prior thereto or simultaneously therewith Seller transfers to Buyer cash or Additional Purchased Securities sufficient to eliminate such Margin Deficit, or (B) if an Event of Default with respect to Seller has occurred and is then continuing at the time such Income is paid or distributed.

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

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