Amount and Time of Payment. For performing the marketing coordination services set forth in this Agreement, Sun Life (U.S.) will pay the compensation as set forth in the attached Exhibit F - Schedule of Fees to the parties entitled thereto. Sun Life (U.S.) will pay all compensation due hereunder on a weekly basis, in accordance with such Schedule of Fees.
Amount and Time of Payment. Subject to the achievement of certain gross sales receipts for the Product(s) during the Term of this Agreement, as further described in Schedule 3.1, Acorda shall pay to Cardinal Health the fees set forth in Schedule 3.1 attached hereto and incorporated by reference (the “Services Fee”), which shall be payable as set forth in the payment schedule set forth therein.
Amount and Time of Payment. For services hereunder, Cumberland shall pay to Cardinal Health the fees set forth in Schedule 3.1 attached hereto and incorporated by reference (the “Service Fees”), which shall be payable as set forth in the payment schedule set forth therein.
Amount and Time of Payment. As compensation for MITSUBISHI CORPORATION’s Services rendered hereunder, SPACEHAB shall pay to MITSUBISHI CORPORATION commissions in accordance with the schedules set forth in Exhibit A hereto.
Amount and Time of Payment. (a) For services hereunder, Company shall pay to Vendor the fees set forth in Schedule 3.1 attached hereto and incorporated by reference (the "Services Fee"), which shall be payable as follows: Time Period - Contract Year Payment Amount --------------------------- -------------- 1st Contract Year A total of $2,000,000.00, payable in twelve equal monthly installments of $166,666.66. 2nd Contract Year Service Fees, plus the Deferred Fees (as hereinafter defined). 3rd Contract Year Service Fees, plus the Deferred Fees (as hereinafter defined). At the conclusion of the first Contract Year, Vendor and Company shall calculate the actual Service Fee for that first contract year. The "Deferred Fees" shall be the amount of the first year Service Fee plus any other amount due under this Agreement less the $2,000,000.00 payment
(i) The Deferred Fees shall be repaid by Company over the second (2nd) and third (3rd) Contract Years, provided Company is not in breach of this Agreement and the Agreement remains in full force and effect. Company shall pay the Deferred Fees in equal monthly installments of principal plus accrued Interest, beginning on the first day of the thirteenth (13th) month of the Agreement and continuing on the first (1st) day of each calendar month thereafter until all outstanding principal and accrued interest has been paid in full, which in no event shall exceed the first day of the thirty-sixth (36th) month of this Agreement.
(ii) The Deferred Fees shall accrue interest beginning the first day of Contract Year two (2) at the rate of the 3-month LIBOR plus 175 basis points, adjusted quarterly ("Interest").
(b) Vendor shall submit monthly invoices to Company for all Service Fees and any other amounts due under this Agreement and Company shall pay such amounts within thirty (30) days of the invoice date.
(c) Notwithstanding any other right or remedy, in the event of Company's default or a breach of this Agreement and failure of Company to cure same within fifteen (15) days of notice to such effect by Vendor, all unpaid principal and accrued but unpaid interest shall be accelerated and immediately due and payable by Company.
(d) Without limiting Vendor's rights under law or equity, Vendor and its Affiliates, parent or related entities, may exercise a right of set off against Company for any and all amounts due under this Agreement including, but not limited to, the Deferred Fees, against any amounts owed to Company by Vendor, or its Affiliates, parent,...
Amount and Time of Payment. If the Applicable Vesting Percentage is one hundred percent (100%), then the amount of the Participant’s payment will equal the Maximum subject to the Committee’s right to reduce the payment in accordance with the guidelines in Exhibit I attached to this Agreement. Otherwise, the amount of the Participant’s payment will equal the Applicable Vesting Percentage times Target. If the Participant’s Date of Termination does not occur prior to the Scheduled Vesting Date, payment shall be made in the first calendar quarter following the Scheduled Vesting Date. If the Participant’s Date of Termination does occur prior to the Scheduled Vesting Date, payment shall be made on the first business day following a period of six (6) months after the Date of Termination, or if later, the first business day following the Committee’s certification in writing that the [[APPLICABLE PERFORMANCE CONDITION]] has been met (which certification shall occur no later than [[DATE]]); provided that any payment that becomes due pursuant to Section 3(a) hereof shall not be subject to delay pending such certification.
Amount and Time of Payment. Beginning in the calendar year in which the Project first obtains a certificate of occupancy, and continuing annually thereafter, Borrower shall make payments of principal and interest equal to the Available Cash Flow, as defined below, from the Property. Payment for each calendar year shall be made no later than 90 calendar days following the end of each calendar year. Borrower shall provide Lender, within 60 calendar days of the end of each calendar year, with an accounting, prepared by an independent auditor, of the Operating Revenues and Operating Expenses/Returns, as defined below, for the previous calendar year.
Amount and Time of Payment. Not later than thirty (30) days after the commencement of each calendar quarter during each Lease Year, Tenant shall pay to Landlord, in advance for such quarter, the following amounts (“Base Rent”), which shall be prorated for any partial calendar quarter and shall, in each instance as applicable, for purposes of payment and payment obligation, be rounded to the second decimal place (with any decimal number equal to or exceeding 5 being rounded up):
Amount and Time of Payment. The loan shall be repaid as follows:
A. Fifty percent (50%) of Residual Cash Flow (as defined below) shall be available for payments of the Loan and other loans obtained by Borrower to be repaid from Residual Cash Flow (“Available Residual Cash Flow”). Borrower shall make annual payments on the Loan from the Available Residual Cash Flow, based on a pro rata share with other lenders based on the percentage of each respective loan amount according to its share of the total amount of all such loans. Said payment to Lender from the Available Residual Cash Flow shall be credited first against accrued and unpaid interest and then against outstanding principal. Borrower shall provide to Lender with each said payment a report of the Residual Cash Flow for such preceding calendar year prepared by an independent certified public accountant, together with such other documentation reasonably requested by Lender to substantiate the determination of Residual Cash Flow.
B. In the event that Borrower desires to sell or refinance the Project, concurrently with any such sale or refinance of the Project (excluding the one-time refinance of the construction loan for the Project into a term loan or “permanent loan” (which such refinancing shall include any conversion of the construction loan to a term loan pursuant to the terms of the construction loan documents)), Borrower shall pay to Lender the entire Loan amount then outstanding, including any accrued interest thereon and any other amounts owing under the Loan Documents.
C. If any payment of interest and/or principal is not received by Lender within fifteen (15) days of when such payment is due, then in addition to the remedies conferred upon Lender pursuant to the provisions of this Note and/or the Loan Documents, a late charge of six percent (6%) of the amount of the payment due will be due and owing by Borrower and will be added to the delinquent amount to compensate Lender for the costs, expenses, and damages to Lender related to the delinquency of Borrower in making such payment, regardless of any notice and/or cure periods (if any). Acceptance of any late charge will not constitute a waiver of default with respect to the overdue payment, and will not prevent or delay Lender from exercising any of its rights or remedies available under this Note and/or the Loan Documents.
D. The following definitions shall apply for purposes of Section 2.A above:
Amount and Time of Payment. For services hereunder, Millennium shall pay to Cardinal Health the fees set forth in Schedule 3.1 attached hereto and incorporated by reference (the "Services Fee"), which shall be payable as set forth in the payment schedule set forth therein.
