Amendment Payment Sample Clauses
The Amendment Payment clause establishes the requirement for a party to make a payment when a contract is amended. Typically, this clause specifies the circumstances under which an amendment triggers a payment obligation, such as changes to key terms, extensions, or modifications of services. By clearly outlining when and how payments are due upon amendment, the clause ensures that both parties are compensated fairly for any changes and helps prevent disputes over financial adjustments resulting from contract modifications.
Amendment Payment. Wyeth shall pay to EPDS Two Million Five Hundred Thousand Dollars ($2,500,000.00) within thirty (30) days after the effective date set forth below, which payment shall be non-refundable and non-creditable.
Amendment Payment. Counterparty shall pay (or cause to be paid) to Dealer an amount equal to USD 34,003,762 on or prior to November 29, 2016 (or, if later, the Amendment Effective Date (determined without taking into account the requirement to make such payment for this purpose)).
Amendment Payment. In consideration of the amendment of the Transaction, Issuer agrees to pay to CS on the Payment Date an amount in USD (the “Amendment Payment”). Applicable Number of Warrants: 164,409 Amendment Payment Amount: USD 50,790,974.98 Payment Date: November 26, 2014
Amendment Payment. In consideration of the amendments to the Transaction, Issuer agrees to pay to Dealer on each Payment Date (as defined below) an amount in USD (the “Daily Amendment Payment”) equal to the product of the Daily Number of Warrants for the related Unwind Date and the Amendment Payment Amount per Warrant (each as defined below); provided that the sum of the Daily Amendment Payments shall not exceed the Maximum Amendment Payment Amount (as defined below); provided further, that in lieu of payment in USD, Issuer may elect in its sole discretion to satisfy, with respect to any Unwind Date, the Daily Amendment Payment in Shares as provided in Annex B hereto. Daily Number of Warrants: For any Unwind Date, a number of Warrants as determined by Dealer, in its good-faith, commercially reasonable discretion, with respect to which Dealer has closed out its Hedge Positions on such Unwind Date; provided that the sum of the Daily Number of Warrants shall not exceed the Maximum Number of Warrants (as defined below). Maximum Number of Warrants: 975,142 Amendment Payment Amount per Warrant: As set forth in Annex A, to be the amount specified for the relevant Unwind Date Price. Maximum Amendment Payment Amount: USD 214,754,712.22 (in the aggregate); provided, however, that: (i) the Maximum Amendment Payment Amount with respect to Unwind Dates where the Unwind Date Price is greater than USD 350.00 shall be USD 64,754,712.22 (in the aggregate); (ii) the Maximum Amendment Payment Amount with respect to Unwind Dates where the Unwind Date Price is greater than USD 325.00 shall be USD 114,754,712.22 (in the aggregate); and (iii) the Maximum Amendment Payment Amount with respect to Unwind Dates where the Unwind Date Price is greater than USD 300.00 shall be USD 164,754,712.22 (in the aggregate).
Amendment Payment. On November 20, 2025 (or if such date is not a Clearance System Business Day or a Currency Business Day, the immediately succeeding day that is both a Clearance System Business Day and a Currency Business Day), in consideration for the amendments being made hereby, in respect of the Transaction, Citibank shall pay to Counterparty in immediately available funds, an amount equal to USD 10,745,274.30.
Amendment Payment. Counterparty shall pay to Dealer an amount equal to USD 12,278,276 on or prior to August 26, 2016.
Amendment Payment. Within thirty (30) days from the First Amendment Effective Date, Licensee shall pay to RVL the following nonrefundable, noncreditable amounts:
a. An amount equal to $5,500,000 to expand the Territory as set forth in Section 5 (Territory Amendments);
b. An amount equal to $3,500,000 for deletion of the milestone payment due under the Original Agreement following receipt of the first Regulatory Approval for a Licensed Product by any of the EMA, a Regulatory Authority of a member of the European Union, or a Regulatory Authority of any country identified as “Other European Countries” on Schedule 1.108 in the Original Agreement;
c. An amount equal to $3,500,000 for deletion of the milestone payment due under the Original Agreement following receipt of the first Regulatory Approval by the MHLW for a Licensed Product in Japan; and
d. An amount equal to $3,000,000 for deletion of the milestone payment due under the Original Agreement following receipt of the first Regulatory Approval by the NMPA for a Licensed Product in the People’s Republic of China (the amounts set forth in the foregoing clauses (a) through (d), collectively, the “Amendment Payments”). For clarity, other than the Amendment Payments to be paid as set forth above in this Section 3, Licensee will not owe to RVL any payments due upon receipt of Regulatory Approval for a Licensed Product by any of the EMA, a Regulatory Authority of a member of the European Union, a Regulatory Authority of any country identified as “Other European Countries” on Schedule 1.108 in the Original Agreement, MHLW, or the NMPA.
Amendment Payment. In consideration for the amendments, waivers and other agreements consented to by the Lenders herein, Company, Singapore Borrower and all other Loan Parties agree that, as of the Effective Date, an amount equal to (i) the product of (x) 1.5%, multiplied by (y) the aggregate principal amount of all Term Loans outstanding as of the Effective Date, will be paid in kind by Singapore Borrower and capitalized and added to the outstanding principal amount of all Term A Loans and Term B Loans held by the Lenders party hereto as of such date, on a pro rata basis among all such Term Loans then outstanding (the “PIK Amendment Payment”). For the avoidance of doubt, the parties hereto agree that the Lenders party hereto are entitled to the benefit of Section 3.01 of the Credit Agreement with respect to the PIK Amendment Payment, and any withholding taxes associated with the PIK Amendment Payment will be deemed “Indemnified Taxes.”
Amendment Payment. Before December 31, 2002, in consideration for valuable employment services rendered by Executive and Executive’s execution of this Amendment, the Company shall pay to Executive the sum of $440,000 (the “Amendment Payment”). The Amendment Payment shall not be considered in determining any bonus under Section 4.3. In the event a Change of Control Payment is made under Section 7.5.2 or Severance Pay is paid under Section 7.2.1, the amount of the Change of Control Payment under Section 7.5.2 or the Severance Pay under Section 7.2.1, as applicable, will be reduced by the amount of the Amendment Payment.
6. New Section 7.5.6 of the Amended and Restated Agreement is added as follows:
Amendment Payment. The Issuer shall have paid an amount to the Holders equal to 2.00% of the aggregate principal amount of the Securities outstanding as of the Second Supplemental Indenture Effective Date.