AMENDMENT OF PAYMENT TERMS Sample Clauses

AMENDMENT OF PAYMENT TERMS. Amend or modify any Purchased Receivable, Purchased Contract or Purchased Wholesale Account or consent to the extension of the time of any payment or release of any collateral securing the obligation of the obligor or otherwise waive any term or condition of such Purchased Receivable, Purchased Contract or Purchased Wholesale Account except to the extent the Cooperative may deem appropriate to facilitate the ultimate collection of such obligation.
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AMENDMENT OF PAYMENT TERMS. Section II – The Loan – 2.3 “
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AMENDMENT OF PAYMENT TERMS. Section I(B) of Exhibit E of the Main Distribution Agreement is deleted in its entirety and is hereby replaced with the provisions set forth in Exhibit A-1 to this Agreement. KDS’s liabilities and obligations with respect to the provisions of Section I(B) of Exhibit E of the Main Distribution Agreement that are deleted by this Section 1.3 of Exhibit A shall be deemed terminated, released, void and of no further force and effect, and no AMREP Person shall have any further liabilities or obligations with respect to such provisions whatsoever.
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AMENDMENT OF PAYMENT TERMS. Section I(B) of Exhibit E of the Canada Distribution Agreement is deleted in its entirety and is hereby replaced with the provisions set forth in Exhibit A-2 to this Agreement. KDS’s liabilities and obligations with respect to the provisions of Section I(B) of Exhibit E of the Canada Distribution Agreement that are deleted by this Section 2.2 of Exhibit A shall be deemed terminated, released, void and of no further force and effect, and no AMREP Person shall have any further liabilities or obligations with respect to such provisions whatsoever.
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AMENDMENT OF PAYMENT TERMS. (a) Subsection 2.4.1 and subsection 2.4.2 of the Loan Agreement are hereby deleted in their entirety and replaced with the following:
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AMENDMENT OF PAYMENT TERMS. Section 1.03 of the Agreement is hereby amended to read in full as follows:
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AMENDMENT OF PAYMENT TERMS. 1. [fill in full legal name of Supplier] (“Supplier”) represents and warrants that its agreement (the “Agreement”) with Southern California Edison Company or Edison Material Supply LLC (referred to as “Edison” or “EMS” as relevant in the Agreement) currently provides net 60 payment terms, that is, payment by Edison or EMS within 60 days of Edison’s or EMS’s receipt of an invoice in accordance with the Agreement terms.
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Related to AMENDMENT OF PAYMENT TERMS

  • Loan and Terms of Payment For value received, Borrower promises to pay to the order of Bank such amount, as provided for below, together with interest, as provided for below.

  • Terms of Payment 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity.

  • Loans and Terms of Payment 4 2.1. Revolving Loans. 4

  • Other Payment Terms 9 2.06. Notes and Interest Account....................................................................10 2.07. Loan Funding..................................................................................10 2.08. Pro Rata Treatment............................................................................11 2.09. Change of Circumstances.......................................................................12 2.10.

  • Treatment of Payments Notwithstanding anything in this Agreement or any other plan, arrangement or agreement to the contrary, in the event that an independent, nationally recognized, accounting firm which shall be designated by the Company with the Executive’s written consent (which consent shall not be unreasonably withheld) (the “Accounting Firm”) shall determine that any payment or benefit received or to be received by the Executive from the Company or any of its affiliates or from any person who effectuates a change in control or effective control of the Company or any of such person’s affiliates (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement) (all such payments and benefits, the “Total Payments”) would fail to be deductible under Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), or otherwise would be subject (in whole or part) to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”) then the Accounting Firm shall determine if the payments or benefits to be received by the Executive that are subject to Section 280G of the Code shall be reduced to the extent necessary so that no portion of the Total Payments is subject to the Excise Tax, but such reduction shall occur if and only to the extent that the net amount of such Total Payments, as so reduced (and after subtracting the net amount of federal, state and local income taxes, and employment, Social Security and Medicare taxes on such reduced Total Payments), is greater than or equal to the net amount of such Total Payments without such reduction (but after subtracting the net amount of federal, state and local income taxes and employment, Social Security and Medicare taxes on such Total Payments and the amount of Excise Tax (or any other excise tax) to which the Executive would be subject in respect of such unreduced Total Payments). For purposes of this Section 6(a), the above tax amounts shall be determined by applying the highest marginal rate under Section 1 of the Code and under state and local laws which applied (or is likely to apply) to the Executive’s taxable income for the tax year in which the transaction which causes the application of Section 280G of the Code occurs, or such other rate(s) as the Accounting Firm determines to be likely to apply to the Executive in the relevant tax year(s) in which any of the Total Payments is expected to be made. If the Accounting Firm determines that the Executive would not retain a larger amount on an after-tax basis if the Total Payments were so reduced, then the Executive shall retain all of the Total Payments.

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