Assignment Payment Sample Clauses

Assignment Payment. In addition to all other Rent payable hereunder, in the event of any assignment (including without limitation a Lien enforcement) which transfers possession of more than 30% of the Premises or has a duration of five (5) or more years. Lessee shall pay to Lessor the amount of Five Thousand Dollars ($5,000). Lessee shall pay to Lessor the sum of One Thousand Five Hundred Dollars ($1,500) as a fee for legal and administrative expenses related to creation of a Primary Lien or any assignment or request for consent to an assignment. Lessee shall pay to Lessor the sum of Seven Hundred Fifty Dollars ($750) as a fee for legal and administrative expenses related to any request for an Estoppel Certificate.
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Assignment Payment. Tenant hereby acknowledges and agrees that it has ------------------- notice that the Lease and the rent and all other sums due thereunder have been assigned or are to be assigned to Lender as security for the obligations secured by the Security Instrument and agrees to such assignment. Tenant agrees to pay such sums due under the Lease directly to Lender. In complying with these provisions. Tenant shall be entitled to rely solely upon the notices given by Lender and Landlord hereby permits said direct payments to be made. Tenant shall be entitled to full credit under the Lease for any rents paid to Lender in accordance with the provisions of this Paragraph to the same extent as if such rents were paid directly to Landlord.
Sample 1
Assignment Payment. In the event Earth Energy consents to an assignment by Canwest of some or all of its rights hereunder and in addition to any other rights Earth Energy might have, Canwest shall pay to Earth Energy: (a) in the case of an assignment of rights to receive Royalties derived from Canada, an amount calculated by the formula a/3 + (b-c), where: (i) a = the total consideration (whether cash or any other form of consideration) paid by the assignee to Canwest, (ii) b = all royalties paid by Earth Energy to Canwest under section 3.2 hereof, and (iii) c = the sum of $150,000 CDN plus any amount paid by Canwest to Earth Energy under section 4.1 hereof, provided that where the remainder of b minus c is a positive number, the remainder shall be deemed to be zero. (b) in the case of an assignment of rights to receive Royalties derived from Central or South America, an amount calculated by the formula d/3 + (e-f), where: (i) d = the total consideration (whether cash or any other form of consideration) paid by the assignee to Canwest, (ii) e = all royalties paid by Earth Energy to Canwest under sections 3.3 and 3.4 hereof, and (iii) f = that amount paid or set-off by Canwest under section 3.3 hereof, to a maximum of $500,000 USD, provided that where the remainder of e minus f is a positive number, the remainder shall be deemed to be zero. Canwest covenants that, to the extent practicable, it shall arrange for Earth Energy's share of such assignment payment(s) to be made directly by the assignee to Earth Energy. Any payments made by the assignee shall be made first for the account of Earth Energy and second for the account of Canwest. Further, any payments received by Canwest shall be received first for the account of Earth Energy until Earth Energy is paid in full, and only then for the account of Canwest, and any such payments shall be held by Canwest in trust for Earth Energy.
Sample 1
Assignment Payment. If in the case of an assignment of all or substantially all of CannaSys’s (Licensees’) assets CannaSys wants to assign the License (and if all other requirements for assignment have been satisfied), then CannaSys will pay Xxxx.Xx (Licensee), simultaneously with the closing of such assignment, an amount equal to the greater of (i) $100,000.00 (which amount will increase each January 1 after the Effective by 3%) or (ii) the sum of the dollar-values of each Additional Compensation issuance as of the date of each such issuance (“Assignment Payment”). If, at the time of the assignment described in this subsection, there have been more than 10 Additional Compensation issuances, then only the 10 Additional Compensation issuances with the highest dollar-values as of the date of such issuances will be considered for the purposes of calculating subpart (ii) of this subsection. The payment described in this subsection is a condition to an assignment of the License. Upon payment of the amount prescribed by this subsection, the Additional Compensation requirement of the License will terminate.
Sample 1
Assignment Payment. Assignor shall deliver to Assignee on or before August 1, 2023 the sum of Three Hundred Ninety-Five Thousand Three Hundred Seventy and 27/100 Dollars $395,370.27 (the “Assignment Payment”).
Sample 1
Assignment Payment. With respect to any Acquisition Tranche, if (a) any member of the Oaktree Group Transfers any Tranche JV Interests included in such Acquisition Tranche to a Third Party and DGOC consented to such Transfer (if required pursuant to this Agreement) but declined to exercise its applicable rights under Section 9.3 or Section 9.4 (if available to DGOC), (b) the Oaktree Transfer Net Proceeds to be received by such member of the Oaktree Group on account of such Transfer will cause the IRR Hurdle Achievement Point to occur for such Acquisition Tranche and (c) either (i) the First BI Reversion has not occurred for such Acquisition Tranche or (ii) the First BI Reversion and a Subsequent Reversion Reversal have occurred for such Acquisition Tranche, but an Additional BI Reversion for such Acquisition Tranche has not occurred after such Subsequent Reversion Reversal, then, immediately after the closing of such Transfer, Oaktree shall make a cash payment to DGOC in an amount equal to the product of (x) 0.07125 multiplied by (y) the difference of (i) the Oaktree Transfer Net Proceeds which the applicable member of the Oaktree Group received in connection with the Transfer of such Tranche JV Interests minus (ii) the amount necessary for the IRR Hurdle Achievement Point to occur for such Acquisition Tranche.
Sample 1
Assignment Payment. 3.1 The Assignee shall pay the Assignor a performance fee payment calculated based on the PE Ratio multiplied by the Annualized Earnings multiplied by Holding Percentage less the amount of equity investment made by the Assignee (or its affiliates) in the Company (“the Performance Consideration”). The Assignee agrees to pay the Performance Consideration by cashier order or banker draft within two weeks after the Parties agree on the Audited Profits set out in this Section 3.1 below, but in any event no later than four months after the third anniversary of the Completion Date. Where for the purpose of this Section 3:
Sample 1
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Assignment Payment. (a) In connection with this assignment, Buyer and Seller shall pay to Landlord, on a several basis, the amount of one million two hundred twenty-five thousand dollars ($1,225,000) in accordance with the terms of this paragraph 2. (b) Seller shall pay to Landlord the amount of two hundred twenty-five thousand dollars ($225,000) in immediately available funds on the following dates and in the following amounts: (i) The amount of one hundred thousand dollars ($100,000) shall be paid to Landlord on November 15, 1996. (ii) The amount of one hundred twenty-five thousand dollars ($125,000) shall be paid to Landlord on May 15, 1997. (c) Buyer shall pay to Landlord the amount of one million dollars ($1,000,000) in immediately available funds on the following dates and in the following amounts: (i) The amount of two hundred fifty thousand dollars ($250,000) shall be paid to Landlord on November 18, 1996. (ii) The amount of two hundred fifty thousand dollars ($250,000) shall be paid to Landlord on February 15, 1997. (iii) The amount of two hundred fifty thousand dollars ($250,000) shall be paid to Landlord on May 15, 1997. (iv) The amount of two hundred fifty thousand dollars ($250,000) shall be paid to Landlord on August 15, 1997. Such amounts in this paragraph (c) shall be deemed additional rent under the Premises Lease and Guaranteed Obligations under the Continuing Lease Guaranty attached as Exhibit A hereto.
Sample 1
Assignment Payment. Simultaneously with its execution of this Agreement, Assignor has paid to Escrow Agent (as hereinafter defined) the sum of $550,000.00 (the "Assignment Payment"), as consideration for the transactions contemplated by this Agreement, which Assignment Payment shall be held and applied pursuant to a separate escrow agreement between Assignor, Assignee and Escrow Agent substantially in the form of Exhibit A annexed hereto (the "Assignment Payment Escrow Agreement").
Sample 1

Related to Assignment Payment

  • Upfront Payment Upon the execution of this Agreement, the Lessee shall pay to the Lessor the following: (check one) ☐ - First Month’s Rent of: [AMOUNT (IN WORDS)] Dollars ($[AMOUNT (AS A NUMBER)]) ☐ - Last Month’s Rent of: [AMOUNT (IN WORDS)] Dollars ($[AMOUNT (AS A NUMBER)]) ☐ - Security Deposit of: [AMOUNT (IN WORDS)] Dollars ($[AMOUNT (AS A NUMBER)]) POSSESSION. Possession shall commence on [MM/DD/YYYY], unless otherwise agreed upon. The Lessor shall use due diligence to give possession as nearly as possible at the beginning of the Term. The Rent shall be prorated in consideration of any delay in providing possession, but the Term shall not be extended as a result of such delay. The Lessee shall make no other claim against the Lessor for the delay in obtaining possession of the Premises.

  • Corresponding Payment Each permanent reduction permitted pursuant to this Section shall be accompanied by a payment of principal sufficient to reduce the aggregate outstanding Revolving Credit Loans, Swingline Loans and L/C Obligations, as applicable, after such reduction to the Revolving Credit Commitment as so reduced, and if the aggregate amount of all outstanding Letters of Credit exceeds the Revolving Credit Commitment as so reduced, the Borrower shall be required to deposit Cash Collateral in a Cash Collateral account opened by the Administrative Agent in an amount equal to such excess. Such Cash Collateral shall be applied in accordance with Section 10.2(b). Any reduction of the Revolving Credit Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans and Swingline Loans (and furnishing of Cash Collateral satisfactory to the Administrative Agent for all L/C Obligations) and shall result in the termination of the Revolving Credit Commitment and the Swingline Commitment and the Revolving Credit Facility. If the reduction of the Revolving Credit Commitment requires the repayment of any LIBOR Rate Loan, such repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof.

  • Rent Payment Tenant shall pay the Base Rent for the premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the premises. Additional rent means amounts determined under section 19 of this lease and any other sums payable by Tenant to Landlord under this lease. Rent not paid when due shall bear interest at the rate of one-and-one-half per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord's rights hereunder.

  • Settlement Payment If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.

  • Consideration Payment 5.1 In consideration of the Company’s Services, the Client shall pay to the Company the Consideration to be stipulated in the Termsheet and all reasonable out of pocket expenses (if any) in accordance with the commercial terms and payment terms as detailed in the Separate Agreement. 5.2 The Company shall send its staff to check for the quality of completion of the Project(s) together with the Client. The Client shall pay for the Company’s Services within 90 days upon the completion of the Project(s) to the satisfaction of the Client. 5.3 The Company shall be entitled to the receivables from the Client for the percentage of Work completed. The date of payment of such Work is stated in the Termsheets and unless the Company is not satisfied with the quality of Work completed and/or the Client has not fulfilled the terms and conditions specified under the Termsheets.

  • Up-Front Payment At all times during the Effective Period other than those periods for which payment of all Billed Amounts is By Invoice, Customer shall maintain on file with 8x8 or the billing 8x8 Affiliate (as applicable) complete, accurate, and up-to-date information for at least one valid, working credit card or Customer account (sufficient to permit ACH withdrawals). Payment of all Billed Amounts – other than those for which 8x8 has agreed to payment By Invoice – shall be by charge to such credit card(s) or by ACH withdrawal from such account(s), at or near time of billing, and Customer hereby authorizes 8x8 to make such charges or withdrawals. Where payment is by such charge or withdrawal, (a) 8x8 shall post a statement of the Billed Amounts in the relevant account at or near the time of the first attempted charge or withdrawal and shall thereafter make commercially reasonable efforts to notify Customer by email and/or telephone if the charge or withdrawal is not successful and (b) Billed Amounts shall be due within fourteen (14) days of such posting.

  • Rental Payment Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent due hereunder after the expiration of the Abatement Period. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided herein. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Installment Payments For purposes of Code Section 409A, Employee’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

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