Change in Payment Terms Sample Clauses

Change in Payment Terms. In the event that Buyer fails to make payments on a timely basis, QUALCOMM shall have the right to condition further deliveries under open P.O.s, and/or acceptance of additional P.O.s on Buyers payment of the full price for Product(s) covered thereby prior to delivery.
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Change in Payment Terms. McKesson reserves the right, in its reasonable discretion and upon prior written notice, to change a payment term (including imposing the requirement of cash payment upon delivery (“C.O.D.”) or limit total credit, if McKesson concludes there has been an unsatisfactory payment performance and such unsatisfactory payment performance remains uncured for a period of [***Redacted***] following Rite Aid’s receipt of written notice (the “Unsatisfactory Payment Notice”, which shall set forth in reasonable detail the grounds or basis for such determination) thereof. For purposes hereof, “unsatisfactory payment performance” shall be defined as failure by Rite Aid to pay at least [***Redacted***] of the full amount owed to McKesson on the applicable due date; provided however, nothing in this Section 7.12 shall limit any of Rite Aids rights pursuant to Section 7.3 of this Agreement. If McKesson has changed Rite Aid’s payment terms to C.O.D. and Rite Aid fails to make such C.O.D. payment, McKesson further shall be entitled to suspend or discontinue the shipment of any additional orders to Rite Aid’s Pharmacies and Warehouses. In the event that McKesson exercises its right to change payment terms pursuant to this Section 7.12 as specified above, McKesson will offer Rite Aid an additional [***Redacted***] for each day Days Sales Outstanding (“DSO”) is reduced beyond the then current payment terms and any such pricing adjustment will be reflected in the invoiced Cost of Goods (“DSO Cost of Goods Adjustment”). With the exception of the DSO Cost of Goods Adjustment, McKesson shall have no right to alter any pricing terms under this Agreement in conjunction with its right to change payment terms pursuant to this Section 7.12. Notwithstanding anything in the foregoing, in the event that McKesson changes Rite Aid’s payment terms hereunder pursuant to Section 7.12 above, Rite Aid shall have the right [***Redacted***]. If following any change in Rite Aid’s payment terms by McKesson, Rite Aid becomes and remains for [***Redacted***] consecutive business days current with respect to all outstanding amounts due and owing to McKesson, McKesson agrees that it will immediately following such [***Redacted***] period restore Rite Aid to [***Redacted***]. Upon such restoration of [***Redacted***], any previously applicable DSO Cost of Goods Adjustment will no longer be in effect. Additionally, in the event that Rite Aid’s payment terms are restored as discussed above and a subsequent un...
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Change in Payment Terms. The language under “Payment Terms” in SOW 2 is hereby amended to read in full as follows: “Service Provider shall submit monthly invoices to DemandTec at the end of the month detailing the Services performed and the fees incurred in the previous month. DemandTec shall pay Service Provider all undisputed fees within 45 days of its receipt of invoice. A penalty of 0.5% per month shall apply to all late payments.”
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Change in Payment Terms. 2.1 Change in the Payment Terms From and after the date set forth above, the Vendors hereby agree, notwithstanding any other provision of the Share Purchase Agreement or the Amendment, to accept the following consideration instead of the Settlement Consideration and in lieu of the Obligations which are payable under the Share Purchase Agreement and the Amendment as full and final consideration for the Purchased Shares. The Vendors shall be paid $3,600,000 in 60 equal monthly instalments of $60,000 (in cash) on the first business day of each calendar month (a "Payment Date") commencing August 1, 2006 and continuing for 59 months thereafter. Vendors expressly agree and acknowledge that, except as set forth in this Agreement, Purchaser shall have no further payment obligations to Vendors, including, but not limited to those obligations set forth in Article 2 of the Share Purchase Agreement and those obligations set forth in Article 2 of the Amendment.
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Change in Payment Terms. In addition to any other rights and remedies under the Interim Supply Agreement, upon the expiration of any Cure Period following any Unsatisfactory Payment Performance, without cure from RAC, and without any further notice or consent of RAC or any other person, McKesson may elect to (i) suspend or discontinue the shipment of any additional orders to RAC or any of its Pharmacies and/or (ii) change any of the payment terms of this Interim Supply Agreement including, without limitation, by imposing the requirement for all future invoices of cash payment upon delivery, subject to payment in full of all outstanding invoices for goods delivered on and after the Petition Date. Superpriority Claims All amounts owed by RAC to McKesson on account of goods shipped on and after the Petition Date shall be granted a superpriority administrative expense claim against each of the Debtors’ estates pursuant to Section 364(c)(1) of the Bankruptcy Code8 (the “Superpriority Claims”), which for the purposes of section 1129(a)(9)(A) of the Bankruptcy Code shall be considered an administrative expense allowed in full under section 503(b) of the Bankruptcy Code. McKesson’s Superpriority Claims shall be senior to all administrative claims in the Bankruptcy Cases and shall be immediately junior to (i) the DIP Superpriority Claims, (ii) any Adequate Protection Superpriority Claims, and (iii) for the avoidance of doubt, the Carve Out.9
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Change in Payment Terms. If Distributor fails to make any payment at the time required pursuant to the terms of this Agreement, Company shall have the right to withhold shipment of Product until all late payment has been made or to revoke or alter the above credit terms by delivery of written notice to Distributor.
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Change in Payment Terms. The new payment terms will change from 30 days to 60 days, as of the Effective Date. All payment amounts are due 60 days from the date of the invoice.
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Change in Payment Terms. 2.1 Change in the Payment Terms From and after the date set forth above, the Vendors hereby agree, notwithstanding any other provision of the Share Purchase Agreement, to accept the Settlement Consideration as full and final consideration for the Purchased Shares, in lieu of the Obligations which remains currently payable under the Share Purchase Agreement. The Settlement Consideration shall be paid to the Vendors in 43 equal monthly instalments as follows: (a) on the first business day of each calendar month (a "Payment Date") commencing August 1, 2006 and continuing for 42 months thereafter the amount of $50,000 in cash. In addition, an commencing on the earlier of: (i) November 1, 2006; or (ii) the effective date of the registration statement filed by Purchaser in connection with Section 2.3(a) below, and continuing for 42 months thereafter the amount of $35,000 in shares of the Purchaser's common stock (each share a "Consideration Share", collectively the "Consideration Shares"). The obligation of the Purchaser to issue and deliver the Consideration Shares to the Vendors is hereinafter referred to as the ("Share Payment Obligation"). Purchaser shall not pay Vendors any interest on the Settlement Consideration or with respect to the payments set forth in this section. Vendors expressly agree and acknowledge that, except as set forth in this Agreement, Purchaser shall have no further payment obligations to Vendors, including, but not limited to those obligations set forth in Article 2 of the Share Purchase Agreement. In the event that the registration statement filed by Purchaser (as set forth below) is not effective at the time that the first or any subsequent Share Payment Obligation is due, Purchaser shall pay the Share Payment Obligation by paying to the Vendors the sum of $35,000 cash.
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Change in Payment Terms. The remaining principal outstanding shall be due and payable in 24 equal consecutive monthly installments in the amount of $228,000.00 each, commencing on April 1, 1998, and continuing on the first day of each consecutive month thereafter to and including March 1, 2000, and a final installment of $228,000.00 on March 31, 2000. Interest shall be payable at the same times as the principal payments, as billed by the Bank. Any outstanding principal and accrued interest shall be due and payable in full on March 31, 2000.
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Related to Change in Payment Terms

  • Transfer to Avoid Termination Event If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party's policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

  • Change of Control Termination In the event that, at the time of or within one (1) year after a Change of Control, and during the Employment Period, the Employer Terminates Executive’s employment Without Cause, or Executive Terminates Executive’s employment for Good Reason (each a “Change of Control Termination”), Executive shall be entitled to receive the payments and benefits specified in this Section 9. The date on which the Employer or Executive receives notice in accordance with Section 16(h) of a Change of Control Termination shall be deemed the “Change of Control Termination Date.”

  • Change in Payment Instructions to Obligors Except as may be required by the Agent pursuant to Section 8.2(b), such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors regarding payments to be made to any Lock-Box or Collection Account, unless the Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock-Box; provided, however, that the Servicer may make changes in instructions to Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.

  • Repurchase upon Change of Control Upon the occurrence of any Change of Control, each Holder shall have the right to require the repurchase of its Notes by the Company in cash pursuant to the offer described in the Indenture at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (the "Payment Date"). A notice of such Change of Control will be mailed within 30 days after any Change of Control occurs to each Holder at its last address as it appears in the Security Register. Notes in original denominations larger than $1,000 may be sold to the Company in part. On and after the Payment Date, interest ceases to accrue on Notes or portions of Notes surrendered for purchase by the Company, unless the Company defaults in the payment of the purchase price.

  • Termination Apart from Change of Control In the event the Employee’s employment is terminated for any reason, either prior to the occurrence of a Change of Control or after the twelve (12) month period following a Change of Control, then the Employee shall be entitled to receive severance and any other benefits only as may then be established under the Company’s (or any subsidiary’s) then existing severance and benefits plans or pursuant to other written agreements with the Company.

  • Termination Apart from a Change of Control If the Employee's employment with the Company terminates other than as a result of an Involuntary Termination within the twelve (12) months following a Change of Control, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the time of such termination.

  • Offer to Repurchase Upon Change of Control Triggering Event (a) Upon the occurrence of a Change of Control Triggering Event, the Company shall make an offer (a “Change of Control Offer”) to each Holder of Notes to repurchase all or any part (equal to $2,000 or an integral multiple thereof) of such Xxxxxx’s Notes at an offer price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest thereon to the date of purchase (the “Change of Control Payment”). Within ninety (90) days following any Change of Control Triggering Event, unless the Company has mailed a redemption notice with respect to all of the outstanding Notes in accordance with Section 4.07, the Company shall mail a notice to each Holder stating: (i) that the Change of Control Offer is being made pursuant to this Section 5.16 and that all Notes tendered will be accepted for payment; (ii) the purchase price and the purchase date, which shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”); (iii) that any Note not tendered will continue to accrue interest; (iv) that, unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest after the Change of Control Payment Date; (v) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Payment Date; (vi) that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Xxxxxx is withdrawing his election to have the Notes purchased; and (vii) that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or an integral multiple thereof.

  • Offer to Purchase Upon Change of Control Triggering Event Any Securities of any series that require that the Issuer make an offer to purchase upon a Change of Control Triggering Event shall be purchased by the Issuer in accordance with their terms and (except as otherwise established as contemplated by Section 301 for the Securities of such series) in accordance with this Section 1009. Upon the occurrence of a Change of Control Triggering Event, unless the Issuer has previously exercised its right to redeem the Securities in accordance with their respective terms, each Holder of Securities of such series will have the right to require the Issuer to purchase all or a portion of such Holder’s Securities pursuant to the offer described below (the “Change of Control Offer”), at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase, subject to the rights of Holders of the Securities on the relevant Record Date to receive interest due on the relevant Interest Payment Date. Within 30 days following the date upon which the Change of Control Triggering Event occurred, or at the Issuer’s option, prior to any Change of Control, but after the public announcement of the pending Change of Control, the Issuer shall send, by first class mail, a notice to each Holder of Securities of such series, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. Such notice shall describe the transaction or transactions that constitute the Change of Control and shall state:

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