Debt Payment. The Agency shall process or cause to be processed payment for all debt in the manner provided in the bylaws, consistent with applicable laws and statutes.
Debt Payment. (i) Discharge of the Debt. DoveBid shall discharge the Debt to --------------------- Shareholder upon or after the Closing, at the election of DoveBid, provided that the Debt shall be discharged and shall become due and payable no later than the first to occur of (a) the closing of the initial underwritten public offering of DoveBid's common stock (the "IPO") registered pursuant to a registration statement filed under the United States Securities Act of 1933, as amended (the "Securities Act") or (b) the second anniversary of the Closing Date (the "Debt Maturity Date"). Until repaid to Shareholder, the amount of the Debt shall represent collateral for (A) the indemnification obligations of Shareholder pursuant to Article VIII hereof and (B) any amounts owed by Shareholder to DoveBid under Section 1.4(ii) below. If DoveBid elects to discharge the Debt prior to the Debt Maturity Date, DoveBid shall have the option of withholding $825,000 of the Debt (the "Deferred Debt Payment") as collateral for such obligations. Upon the later to occur of (x) the expiration of six months following the Closing Date, and (y) the final resolution of all issues arising out of the audit of the Company by the Nederlandse Belastingdienst (the Netherlands tax authority), DoveBid shall pay the balance of the Deferred Debt Payment, if any, together with interest (at the lower of the rates described Section 1.1 (iii)) accrued thereon, to Shareholder provided that, if on such date, there is outstanding an unresolved Notice of Claim or Contested Claim (as defined in Article VIII hereof), an amount equal to the amount of Damages (as defined in Article VIII hereof), claimed in such Notice of Claim or Contested Claim shall be withheld from such payment to Shareholder, pending resolution of the Notice of Claim or Contested Claim pursuant to the Article VIII hereof.
(ii) Closing Stockholders' Equity. On or prior to the 90/th/ calendar ---------------------------- day following the Closing Date, DoveBid shall provide Shareholder with a certificate, signed by an officer of DoveBid, either setting forth DoveBid's confirmation that the amount of Closing Stockholders' Equity used to determine the Purchase Price pursuant to Section 1.2 hereof (the "Original CSE") was correct or stating that the Original CSE was incorrect as of the Closing Date, and if so stated to be incorrect, setting forth DoveBid's revised calculation of Closing Stockholders' Equity ("Revised CSE"), together with detailed calcu...
Debt Payment. 7.1 The Debt payment shall be made by the DEBTOR in the same currency as the Credit Facility provided by DBS and shall be effectively received by DBS in its head office at the latest at 14.00 (fourteen) local time on each date of payment of Credit Facility principal installment in accordance with the schedule of the installment hereinbelow (“Installment Schedule”) provided that the schedule and amount of the installment payment shall be as follows: - the 1st (first) anniversary of the date of the first Credit Facility withdrawal: 10% (ten percent) of total principal of Credit Facility being withdrawn; - the 2nd (second) anniversary of date of the first Credit Facility withdrawal: 10% (ten percent) of total principal of Credit Facility being withdrawn; - the 3rd (third) anniversary of date of the first Credit Facility withdrawal: 15% (fifteen percent) of total principal of Credit Facility being withdrawn; - the 4th (fourth) anniversary of the first Credit Facility withdrawal: 15% (fifteen percent) of total principal of Credit Facility being withdrawn; - the 4th (fourth) anniversary of the first Credit Facility withdrawal:: 50% (fifty percent) of total principal of Credit Facility being withdrawn;
7.2 If the date of Debt payment falls not on the Working Day, the DEBTOR shall be obliged to provide the fund in its account at DBS for the interest of the payment on the previous Working Day.
7.3 The Debt payment received by DBS after 14.00 (fourteen) Western Indonesia Time shall be considered already received by DBS on the subsequent Working Day.
Debt Payment. FDI shall have made payment of approximately $1,900,000.00 to payoff the Company's outstanding indebtedness to Harbinger. In addition, FDI shall have made payment of approximately $101,450.00 to payoff the Company's outstanding indebtedness to Ross Hickey.
Debt Payment. As of the Closing (taking into account the payments to be made under Sections 3.6(e) and (f)), Beech shall have cash and cash equivalents equal to or in excess of all Debt. “Debt” means, without duplication, the aggregate amount of (i) all indebtedness of Beech or any of the subsidiaries (including the principal amount thereof or, if applicable, the accreted amount thereof and the amount of accrued and unpaid interest thereon), whether or not represented by bonds, debentures, notes or other securities or similar instruments for borrowed money, (ii) all obligations of Beech or any of the subsidiaries to pay rent or other payment amounts under a lease of real or personal property that is classified as a capital lease, (iii) all conditional sale obligations of and all obligations under any title retention agreements of Beech or any of the subsidiaries, (iv) any payment obligation of Beech or any of the subsidiaries under any interest rate swap agreement, forward rate agreement, interest rate cap or collar agreement or other financial agreement or arrangement entered into for the purpose of limiting or managing interest rate risks, (v) all indebtedness for borrowed money secured by any lien existing on property owned by Beech or any of the subsidiaries, whether or not indebtedness secured thereby shall have been assumed, (vi) all guaranties, endorsements, assumptions and other contingent obligations of Beech or any of the subsidiaries in respect of, or to purchase or to otherwise acquire, indebtedness for borrowed money of others the repayment of which is guaranteed by Beech or any of the subsidiaries, (vii) all other short-term and long-term liabilities of Beech or any of the subsidiaries for borrowed money, (viii) all change of control payments, bonuses or severance payments that are accelerated or owed as a result of the Merger or the consummation of the transactions contemplated hereby (excluding any amounts attributable to termination by Buyer or the Surviving Corporation of any person following the Merger, (ix) all payments owed for bonuses and sales commissions accrued by Beech or any of its subsidiaries as of the Closing Date but unpaid and (x) all premiums, penalties and change of control payments required to be paid or offered in respect of any of the foregoing as a result of the consummation of the transactions contemplated by this Agreement, other than any such premiums, penalties and payments owed to Xxxx Xxxx under the Xxxx Xxxx Employment Agreem...
Debt Payment. As of the Closing (taking into account the payments to be made under Sections 3.6(e) and (f)), Beech shall have cash and cash equivalents equal to or in excess of all Debt. “
Debt Payment. In full satisfaction of the Company’s obligations under the Notes, the Buyer shall issue to each Company Debtholder at the Closing a number of shares of Buyer Common Stock equal to the quotient of (x) the total amount of Company Debt held by such Company Debtholder as set forth in Schedule 1.5(b) divided by (y) the Trading Price, subject to Section 1.5(e); provided that, prior to such time, the Company shall have caused each Note to be amended to allow for the repayment and satisfaction of such Notes, in full, pursuant to this Section 1.5(b).
Debt Payment the agreement requires the Town to pay a prorated share (proportional to the annexation area’s value of the total Fire district value) of all of New Hope’s outstanding debt as of 9/14/04. The debt based on information provided by the New Hope Fire Department and CCB amortization notes, is reflected in attachment “B” of the agreement. As shown in the table below, the Town proposes to make a lump sum payment of $4,183.96 on July 1, 2010 which represents the total debt remaining after the expiration of the 5-year agreement.
Debt Payment. You agree to pay to the Bank any debt incurred from usage of the Card in full or in part any time taking into consideration the Due Date and the Minimum Payment requirements shown on the Account Statement. You authorize the Bank to apply any money on deposit in the name of you to any debt owed under this Agreement. You also agree to pay the amount of Debt incurred as a result of exceeding the approved Credit Limit at once and in full to keep the account up to date even in the absence of an Account Statement not having been mailed to you. You must keep the account up to date even in circumstances where the Account Statement has been delayed due to circumstances beyond the Bank's control. You agree to contact the Bank's Customer Care Unit or home branch at least once within the month of that delay to obtain payment information. When you use your card, and/or allow others to use them, you incur a debt. Interest, service charges and annual fees that we charge you under this Agreement, will be added by us to your debt and will form part of it. You agree to repay the total amount of the debt to the Bank, including interest, service charges and annual fees.
Debt Payment. Buyer shall have made or provided for the Debt Payment as contemplated by Section 1.2(b)(i).
