Commencement of Payment Obligations Sample Clauses

Commencement of Payment Obligations. Notwithstanding anything in this Section 7 to the contrary, the obligation of Purchaser to make payments pursuant to this Section 7, including, without limitation, payments with respect to Renewal Contract Project Indebtedness (without regard to when such Renewal Contract Project Indebtedness was incurred), payments into the Retirement Reserve Fund and to pay Retirement Costs and any other payments expressly required to be made by Purchaser under this Contract, shall apply only with respect to Monthly Power Costs incurred or attributable to any period on or after the Transition Date.
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Commencement of Payment Obligations. Telstra shall not be liable to pay any fees in respect of the period prior to the Launch Date.
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Commencement of Payment Obligations. Section 4.6 of the TT Agreement is hereby amended to read in its entirety as follows: The first two hundred million dollars ($200,000,000) in total cumulative worldwide Sales of Therapeutic Products by Buyer and Buyer Affiliates, collectively, are exempt from Purchase Price payments. All Sales of Diagnostic Products and Research Products by Buyer and Buyer Affiliates are subject to Purchase Price Payments as of the initial Sale without regard to any exemption.
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Commencement of Payment Obligations. Time Inc.'s payment obligation ----------------------------------- for each of the several Services comprehended in Section 2 hereof shall commence when such item of Service is installed, made operational on Time Inc.'s premises or on a Printer's Premises, as the case may be, and has begun to operate in accordance with the respective provisions of this Agreement to the reasonable satisfaction of Time Inc. NetCo will certify the installation and operational capability of each such item of Service to Time Inc. The applicable Service Charge for an item of Service that becomes installed and operational during a month shall be prorated for the number of days during such month that the item of Service has been installed and operational.
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Commencement of Payment Obligations. Notwithstanding anything in this Agreement to the contrary, the first two hundred million dollars ($200,000,000) in total cumulative worldwide Sales by Buyer and Buyer Affiliates collectively are exempt from Purchase Price Payments Buyer shall be obligated under this Section 4 to make Purchase Price payments only on those Sales subsequent to the initial cumulative two hundred million dollars in exempt Sales by Buyer and Buyer Affiliates.
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Related to Commencement of Payment Obligations

  • ADDITIONAL PAYMENT OBLIGATIONS 15. Tax gross-up and indemnities

  • Payment Obligations Absolute The Company’s obligation during and after the Employment Period to pay the Executive the amounts and to make the benefit and other arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which the Company may have against him or anyone else. Except as provided in Section 15, all amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company will not seek to recover all or any part of such payment from the Executive, or from whomsoever may be entitled thereto, for any reason whatsoever.

  • The Reimbursement Obligations Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall promptly notify the Borrower and the Administrative Agent thereof. Subject to Section 1.3(b) hereof, the obligation of the Borrower to reimburse the L/C Issuer for all drawings under a Letter of Credit (a “Reimbursement Obligation”) shall be governed by the Application related to such Letter of Credit, except that reimbursement shall be made by no later than 1:00 p.m. (Chicago time) on the date when each drawing is to be paid if the Borrower has been informed of such drawing by the L/C Issuer on or before 11:00 a.m. (Chicago time) on the date when such drawing is to be paid or, if notice of such drawing is given to the Borrower after 11:00 a.m. (Chicago time) on the date when such drawing is to be paid, by no later than 12:00 Noon (Chicago time) on the following Business Day, in immediately available funds at the Administrative Agent’s principal office in Chicago, Illinois or such other office as the Administrative Agent may designate in writing to the Borrower (who shall thereafter cause to be distributed to the L/C Issuer such amount(s) in like funds). If the Borrower does not make any such reimbursement payment on the date due and the Participating Lenders fund their participations therein in the manner set forth in Section 1.3(e) below, then all payments thereafter received by the Administrative Agent in discharge of any of the relevant Reimbursement Obligations shall be distributed in accordance with Section 1.3(e) below; provided, however, if the Borrower does not make any such reimbursement payment on the due date, the Borrower shall be deemed to have requested a Borrowing of Base Rate Loans under the Revolving Credit and, subject to satisfaction of the conditions set forth in Section 7.1 except for 7.1(c) hereof, a Loan shall be made on such date in the amount of the Reimbursement Obligations then due which Loan proceeds shall be applied to pay the Reimbursement Obligations then due.

  • The Companys Payment Obligation The Company’s obligation to make the payments and the arrangements provided for herein will be absolute and unconditional, and will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder will be paid without notice or demand. Each and every payment made hereunder by the Company will be final, and the Company will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Sections 3.3(e) and (f) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

  • Unpaid Reimbursement Obligation Any Reimbursement Obligation for which the Borrower does not reimburse the Agent and the Banks on the date specified in, and in accordance with, Section 4.2.

  • Non-Payment of Obligations Borrower shall default in the payment or prepayment when due of any principal of any Loan, or Borrower shall default (and such default shall continue unremedied for a period of five (5) Business Days) in the payment when due of any interest, fee or of any other obligation hereunder.

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