Company Payment Obligations Sample Clauses

Company Payment Obligations. The Company agrees to compensate the Customer for energy produced by their Generator Equipment and delivered to the Company’s distribution system (“Delivered Energy”) at the AR Rate specified in Part I of this Agreement. Notwithstanding the foregoing, in the event that the Affidavit provided by the Customer in accordance with subpart (ii) of Section 4 herein satisfies the requirements for both Michigan incentive renewable energy credits specified in MCL 460.1039(2)(d) and MCL 460.1039(2)(e), then the compensation to Customer for Delivered Energy hereunder shall be at the AR Rate with Incentive Adder specified in Part I of this Agreement. At its sole option, the Company may either make payment to the Customer or credit the Customer’s Electric Delivery Account as identified in Part I.
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Company Payment Obligations. In consideration for the development, maintenance, bandwidth, storage and licensing services described in Section 2 through Section 4 of this Agreement and in the Statement of Work, Company shall pay Napster in accordance with the payment schedule attached hereto as Exhibit C. To the extent Company is required to pay Napster’s personnel costs, such personnel costs shall be charged at the rates specified in Exhibit C.
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Company Payment Obligations. The Company is responsible for all obligations under this Agreement. Billing invoices for fees and expenses will be sent monthly or more frequently, and payment is due on receipt. In the absence of any written objection to an invoice within 20 days after mailing (emailing of invoices is acceptable) the Company will be deemed to have accepted and acknowledged the invoice as valid and correct. After 30 days following the sending of an invoice, unpaid amounts will accrue interest from the date of the invoice until Growthink receives payment at a rate of 1.75% per month or the highest legally allowed rate, whichever is lower.
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Company Payment Obligations. For the avoidance of doubt, any Company Payment Obligations are not the responsibility of any shareholders, directors or officers of Company, and Manager’s sole recourse in satisfaction of such Payment Obligations is as provided in this Agreement.
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Company Payment Obligations 
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Related to Company Payment Obligations

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

  • 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.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • 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.

  • 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.

  • Client Obligations 3.1 The Client shall:

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