CIT INSTALLMENTS Sample Clauses

CIT INSTALLMENTS. 3.1 For the fiscal year opening April 1, 2004 on the one hand, and for the first CIT installment of the fiscal year opening April 1st, 2005, AGZ Holding shall be substituted to the other Consolidated Subsidiaries for the payment of IT installments and shall continue to pay, for the period in question, said amounts on behalf of the said companies. 3.2 As from the fiscal year opening April 1, 2004, and except for the first CIT installment of such fiscal year, each Consolidated Company shall pay the Parent Company four installments calculated by applying the rate provided by Section 360 to Appendix III to the GTC, to the base defined at article 3.3 below. 3.3 The first installment of each fiscal year of application of the Group Regime payable to the Parent Company shall be based on the taxable profit that was used for the determination of the Contribution paid by the Consolidated Company for the fiscal year preceding the latest fiscal year ended. The three other installments for each fiscal year are based on the taxable profit that was used for the determination of the Contribution paid by the Consolidated Company for the latest fiscal year ended. 3.4 The Consolidated Company shall pay to the Parent company the amount of the CIT installments at the latest ten days prior to the legal deadline for paying the installments, as defined by Section 360 of Appendix III to the GTC. 3.5 As the case may be, the CIT installments surplus shall be reimbursed by the Parent Company to a Consolidated Company within thirty days following the deadline for the CIT balance payment.
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CIT INSTALLMENTS. The provisions of Article 223 N.2 of the GTC, pursuant to which he Parent Company bears the payment of CIT installments for the leaving Consolidated Company for the 12-month period starting at the beginning of the fiscal year during which it leaves the Group, create a claim on the leaving Consolidated Company at the benefit of the Parent Company, on each of the installments due date. The corresponding claim shall be reimbursed by the Consolidated Company on the date of the Exit, at the latest, for the installments already paid, and for the others, ten days prior to their legal due date. The Consolidated Company shall grant the Parent Company, in guarantee for the payment of such amounts, any security that the latter could reasonably request.
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Related to CIT INSTALLMENTS

  • Payment of Final Installment The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on any of the Notes, which notice will be delivered no later than five days before that date, and the place where the Notes may be presented and surrendered for payment.

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Recurring Instalment Payments 15.1 Where you have a Citibank ATM/Debit Card which allows you to make Card Transactions: (a) if you use your Citibank ATM/Debit Card to purchase goods or services by instalments or to make payments on a recurring basis, you thereby authorize us to pay such instalments for you as they become due and debit the amount paid by us from the Designated Account or any other Account; (b) if your right to use your Citibank ATM/Debit Card is suspended or the Designated Account is closed, we may at our option and without prejudice to any of our rights and remedies, stop paying the said instalments for you, or debit the aggregate sum of the remaining instalments to the Designated Account or any other Account or require you to pay the same forthwith. 15.2 You also agree to be bound by any other specific terms and conditions governing such recurring/instalment payment scheme. In the event of conflict, such specific terms and conditions are to prevail over the provisions of this Condition 15 but only to the extent necessary to give full effect to those terms and conditions.

  • Treatment of Each Installment as a Separate Payment For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

  • Thirty Day Payments Upon receipt of a billing statement that complies with all invoice requirements set forth in this Article, the State shall make a good faith effort to pay the amount which is due and payable within thirty

  • Due Dates Other Than the First of the Month Mortgage Loans having Due Dates other than the first day of a month shall be accounted for as described in this Section 4.04. Any payment due on a day other than the first day of each month shall be considered due on the first day of the month following the month in which that payment is due as if such payment were due on the first day of said month. For example, a payment due on August 15 shall be considered to be due on September 1 of said month. Any payment collected on a Mortgage Loan after the Cut-off Date shall be deposited in the Custodial Account. For Mortgage Loans with Due Dates on the first day of a month, deposits to the Custodial Account begin with the payment due on the first of the month following the Cut-off Date.

  • Payment Due Dates Notwithstanding the provisions of Sections II and III above, payment due date shall be at least invoice date plus 30 days. If the County is late in issuing an invoice, the contracting entity would always have at least invoice date plus 30 days to pay. If the County is early in issuing an invoice, the contracting entity would still have a payment due date of either 60 days after the beginning of the quarter (quarterly invoices) or 30 days after the beginning of the service month (monthly invoices).

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

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