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. 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”).
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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").
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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.
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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.
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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. ____________________________________________________________ Services Agreement Xxxx.Xx and CannaSys
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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:
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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:
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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.
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Related to Assignment Payment

  • Assignment Fee Unless the assignment shall be to an affiliate of the assignor or the assignment shall be due to merger of the assignor or for regulatory purposes, either the assignor or the assignee shall remit to Agent, for its own account, an administrative fee of Three Thousand Five Hundred Dollars ($3,500).

  • Assignment, Etc The Holder may assign or transfer this Note to any transferee at its sole discretion. This Note shall be binding upon the Company and its successors and shall inure to the benefit of the Holder and its successors and permitted assigns.

  • Assignment Agreement The Assignment and Assumption Agreement, dated the Closing Date, between Residential Funding and the Company relating to the transfer and assignment of the Mortgage Loans.

  • Assignment; Benefit This Agreement is personal and may not be assigned by Employee. This Agreement may be assigned by Employer and shall inure to the benefit of and be binding upon the successors and assigns of Employer.

  • Assignment; Transfer The Credit (or a portion thereof as earned) under this Agreement may be assigned to an “Affiliated Corporation” in accordance with RTC section 23663. As stated in RTC section 23689(i)(1), this Agreement shall not restrict, broaden, or alter the ability of Taxpayer to assign the Credit in accordance with RTC section 23663. In order to transfer this Agreement as a result of a sale or merger, prior written consent of GO- Biz must be obtained or the transfer will be void. Such transfer shall be permitted if GO-Biz determines that the transfer would further the purposes of the CCTC program and benefit California. Prior to GO-Biz consenting to the transfer, the new entity must disclose to GO-Biz the number of California full-time employees it employed at the time of acquisition or merger and any other information GO-Biz requests that applicants for a CCTC provide pursuant to a CCTC application.

  • Assignment, Mortgage, Etc 11. Tenant, for itself, its heirs, distributees, executors, administrators, legal representative, successors and assigns, expressly covenants, that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of Owner in each instance. Transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, undertenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting.

  • Assignment of Contract A. Unless expressly agreed to elsewhere in the Contract, no assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, money that may become due and money that is due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.

  • Assignment and Transfer The Member may assign or transfer in whole but not in part its limited liability company interest to a single acquiror.

  • Assignment Agreements Each Bank may, from time to time, with the consent of the Borrower and Agent (which will not in any instance be unreasonably withheld), sell or assign to other banking institutions rated "B" or better by Thomxxxx Xxxk Watch Service a pro rata part of all of the indebtedness evidenced by the Notes then owed by it together with an equivalent proportion of its obligation to make Loans hereunder and the credit risk incidental to the Letters of Credit pursuant to an Assignment Agreement substantially in the form of Exhibit J attached hereto, executed by the assignor, the assignee and the Borrower, which agreements shall specify in each instance the portion of the indebtedness evidenced by the Notes which is to be assigned to each such assignor and the portion of the Commitments of the assignor and the credit risk incidental to the Letters of Credit (which portions shall be equivalent) to be assumed by it (the "Assignment Agreements"), provided that the Borrower may in its sole discretion withhold its consent to any assignment by a Bank to any assignee which has total capital and surplus of less than $200,000,000.00 or to any assignment by a Bank of less than all of its Commitments if as a result thereof the assignor will have Commitments hereunder of less than one half of its assigned Commitments or the assignee will have Commitments hereunder of less than $3,500,000.00 or, after giving effect thereto, there would be more than 10 Banks, further provided that nothing herein contained shall restrict, or be deemed to require any consent as a condition to, or require payment of any fee in connection with, any sale, discount or pledge by any Bank of any Note or other obligation hereunder to a Federal reserve bank. Upon the execution of each Assignment Agreement by the assignor, the assignee and the Borrower and consent thereto by the Agent (i) such assignee shall thereupon become a "Bank" for all purposes of this Agreement with a Commitment in the amount set forth in such Assignment Agreement and with all the rights, powers and obligations afforded a Bank hereunder, (ii) the assignor shall have no further liability for funding the portion of its Commitments assumed by such other Bank and (iii) the address for notices to such Bank shall be as specified in the Assignment Agreement, and the Borrower shall execute and deliver Notes to the assignee Bank in the amount of its Commitments and new Notes to the assignor Bank in the amount of its Commitments after giving effect to the reduction occasioned by such assignment, all such Notes to constitute "Notes" for all purposes of this Agreement, and there shall be paid to the Agent, as a condition to such assignment, an administration fee of $2,500 plus any out-of-pocket costs and expenses incurred by it in effecting such assignment, such fee to be paid by the assignor or the assignee as they may mutually agree, but under no circumstances shall any portion of such fee be payable by or charged to the Borrower.

  • Assignment and Benefit (a) This Agreement is personal to the Manager and shall not be assignable by the Manager, by operation of law, or otherwise without the prior written consent of the Company otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Manager’s heirs and legal representatives.

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