Annual Payments to the City Sample Clauses

Annual Payments to the City. The Company shall pay to the --------------------------- City, commencing on June 1, 1992, and continuing for a period of nineteen (19) years thereafter, a sum of money that the City shall deposit in its general fund as an offset to any interest that the City may be required to pay on bonds or other financing that the City undertakes on behalf of the development or construction of the Center. This annual sum shall be Ten Thousand Dollars XXXX GAS-SHA.AGR April 4, 1991 ($10,000.00) in the first year, payable on the 1st day of June, 1992. Following this first payment, the annual amount shall be increased by five per cent (5%) per year, which increase will compound yearly over the life of the twenty (20) year payment period (Ex. The 2nd Year's payment, payment due on June 1, 1993, shall be $10,500.00; the 3rd Year's payment, due on June 1, 1994, shall be $11,025.00). These payments to the City shall be in addition to all other payments required to be made to the City, including but not limited to Payments in Lieu of Taxes due the City under a separate agreement between the City, the City of Syracuse Industrial Development Agency, and Project Orange Associates, L.P.
Sample 1
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Annual Payments to the City. The University shall pay City Annual Payments determined pursuant to Section 1.2. Such annual payments shall be due and payable on or before September 30 of each year after the Payment Calculation Commencement Date pursuant to Section 1.2 for the previous Payment Year. In the event of a dispute, the University and the City shall meet and resolve the dispute in a timely manner.
Sample 1

Related to Annual Payments to the City

  • Payments to the Company Except as provided in Section 1(d), 2 or 3 hereof, the Company shall have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan(s).

  • Payments to Xxxxxx In connection with the distribution of shares of the Fund, Xxxxxx will be entitled to receive: (a) payments pursuant to any Distribution Plan and Agreement from time to time in effect between the Fund and Xxxxxx with respect to the Fund or any particular class of shares of the Fund, (b) any contingent deferred sales charges applicable to the redemption of shares of the Fund or of any particular class of shares of the Fund, determined in the manner set forth in the then current Prospectus and Statement of Additional Information of the Fund and (c) subject to the provisions of Section 3 below, any front-end sales charges applicable to the sale of shares of the Fund or of any particular class of shares of the Fund, less any applicable dealer discount.

  • Payments to Seller With respect to each Pledged Timeshare Loan, the Borrower shall have (i) received such Pledged Timeshare Loan as a contribution to the capital of the Borrower by the Seller or (ii) purchased such Pledged Timeshare Loan from the Seller in exchange for payment (made by the Seller in accordance with the provisions of the Sale and Contribution Agreement) in an amount which constitutes fair consideration and reasonably equivalent value. No such sale shall have been made for or on account of an antecedent debt owed by the Seller to the Borrower and no such sale is or may be voidable or subject to avoidance under any section of the Bankruptcy Code.

  • Payments to Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

  • PAYMENTS TO OWNER Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • PAYMENTS TO PURCHASER 52 ARTICLE VI....................................................................54

  • Payments to the Distributor In consideration of the payments made by the Fund to the Distributor under this Plan, the Distributor shall provide administrative support services and distribution assistance services to the Fund. Such services include distribution assistance and administrative support services rendered in connection with Shares (1) sold in purchase transactions, (2) issued in exchange for shares of another investment company for which the Distributor serves as distributor or sub-distributor, or (3) issued pursuant to a plan of reorganization to which the Fund is a party. If the Board believes that the Distributor may not be rendering appropriate distribution assistance or administrative support services in connection with the sale of Shares, then the Distributor, at the request of the Board, shall provide the Board with a written report or other information to verify that the Distributor is providing appropriate services in this regard. For such services, the Fund will make the following payments to the Distributor:

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Payments to Specified Employees Notwithstanding any other Section of this Agreement, if the Employee is a Specified Employee at the time of the Employee’s Separation from Service, payments or distribution of property to the Employee provided under this Agreement, to the extent considered amounts deferred under a non-qualified deferred compensation plan (as defined in Code Section 409A) shall be deferred until the six (6) month anniversary of such Separation from Service to the extent required in order to comply with Code Section 409A and Treasury Regulation 1.409A-3(i)(2).

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