Deferral Fee. For each High Interest Target Biogen elects to defer under this Section 1.8, Biogen will pay Ionis an annual deferral fee of (a) $[***] for each such Deferred Target for which the best therapeutic approach is determined to be an ASO or (b) $[***] for each such Deferred Target for which the best therapeutic approach is determined to be an Alternate Modality, in each case, in accordance with Section 1.3. No deferral fee will be due under this Section 1.8.2 with respect to any Collaboration Target that is treated the same as a Deferred Target pursuant to Section 1.6.
1. Each annual deferral fee for a Deferred Target will be paid in advance for the ensuing [***] month period, with the initial annual deferral fee for all Deferred Targets due within [***] days after the date Biogen delivers the applicable Deferral Notice to Ionis, and each annual deferral fee due thereafter during the Deferral Period on the anniversary of the date Biogen delivered such Deferral Notice. If any such annual deferral fee is due after the date that is [***] year prior to the expiration of the Research Term, such deferral fee will be pro-rated to account for the number of days remaining in the Research Term (where such pro-ration will be based on the number of days between the due date for such deferral fee and the end of the Research Term, divided by 365).
Deferral Fee. In consideration of the payment deferral provided for in this Article 11, the Company shall owe and pay to Xxxx, for each month (or portion of a month) during the Deferred Payment Period, the Deferral Fee for such month (or portion of a month). The Deferral Fee shall be calculated as of the end of each month or the last date of the Deferred Payment Period for the month or portion of a month ending on such date. For purposes of calculating such Deferral Fee, Xxxx shall determine the Average Deferral Amount for the relevant period in accordance with Schedule F. Each Deferral Fee calculated as of the end of a month shall be due as provided in Section 10.2. A Deferral Fee calculated as of the end of the Deferred Payment Period shall be due pursuant Section 19 or 20, as applicable.
Deferral Fee. The Borrowers shall pay to the Lender the deferral fee (the “Deferral Fee”) as set forth in Section 2.11 of Schedule A attached hereto if, on the Effective Date, Borrowers do not deliver executed Conversion Documents for motor vehicles with an aggregate RTO Floor Plan Value (as defined below) of at least the outstanding balance of the Existing Receivables Loan accompanied by a certificate from an officer of the applicable Borrower that, to the knowledge of the Borrower, no person other than the Borrower has a lien on any of the motor vehicles for which that Borrower delivered Conversion Documents (such certificate is hereinafter referred to as the “Officer’s Certificate”). For purposes of this paragraph, “RTO Floor Plan Value” means the Black Book Value for a motor vehicle plus Six Hundred Dollars ($600). The aggregate RTO Floor Plan Value of all of the motor vehicles for which Conversion Documents and the related Officer’s Certificate are delivered to Lender is hereinafter referred to as the “Total RTO Floor Plan Value.” In the event that it is subsequently determined by Lender that any motor vehicle to which any set of Conversion Documents relates has a Lien upon the title to such motor vehicle, other than the Lien in favor of a Borrower, then the Conversion Documents relating to such motor vehicle shall be deemed to be void and the RTO Floor Plan Value of such motor vehicle shall be deducted from the Total RTO Floor Plan Value. In the event that a sufficient number of motor vehicles are subsequently determined to have such additional Liens upon their titles such that the Total RTO Floor Plan Value is reduced to an amount less than the outstanding amount of the Existing Receivables Loan by operation of the immediately preceding sentence (the difference between the outstanding amount of the Existing Receivables Loan and the Total RTO Floor Plan Value is hereinafter referred to as the “Deficiency”), then Borrowers shall pay to Lender the Deferral Fee as set forth in Section 2.11 of Schedule A attached hereto if within five (5) Business Days after notice to the Borrower Representative by Lender of such title defects the Borrowers (i) do not cure the title defects brought to the attention of the Borrower Representative by the Lender with respect to motor vehicles with an aggregate RTO Floor Plan Value at least equal to the Deficiency and/or (ii) do not deliver Conversion Documents relating to additional motor vehicles with an aggregate RTO Floor Plan Value a...
Deferral Fee. The deferral fee (“Deferral Fee”) shall be a fee equal to the interest accrued on any unpaid portion of the Second Installment beginning on the date the First Installment is paid and ending on the date all then outstanding portions of the Second Installment and any Deferral Fees have been fully paid. The Deferral Fee shall be calculated at a fixed rate of fifteen percent (15%) per annum and shall be determined on the basis of a 365 day year.
Deferral Fee. The BORROWER shall pay to the LENDER a $15,000.00 deferral fee, which shall immediately be deemed to have been fully earned upon execution of this AGREEMENT, and shall be paid by the BORROWER on or before January 17, 2005.
Deferral Fee. The Deferral Fee, when due hereunder; and” 7 The Loan Agreement shall be amended by deleting the following text, appearing in Section 6.2 thereof:
(a) a Borrowing Base Report (i) with each request for an Advance, (ii) no later than Friday of each week (reflecting information that is current as of a date no earlier than the prior Friday) when a Streamline Period is not in effect, and (iii) within seven (7) days after the end of each month when a Streamline Period is in effect;” and inserting in lieu thereof the following:
(a) Intentionally omitted;” 8 The Loan Agreement shall be amended by deleting the following text, appearing in Section 6.2 thereof:
Deferral Fee. As additional compensation for extension of the due date of the principal payments due January 1, 2001, pursuant to Section 2.6(d)(v)(y) of this Agreement, as amended by the Eighth Amendment, in additional to interest and all other fees as herein provided, Borrower shall pay to Banks a fee of one hundred fifty (150) basis points per annum, prorated for any partial year, on the principal balance of the Revolving Loans and the Term Loan outstanding from time to time during the period from January 1, 2001 through the date upon which the principal payments required pursuant to Section 2.6(d)(v)(y) of this Agreement, as amended by the Ninth Amendment, have been fully paid. Such fee shall be due and payable on the earlier of the occurrence of an Event of Default or the date upon which the principal payments required pursuant to Section 2.6(d)(v)(y) of this Agreement, as amended by the Ninth Amendment, are paid.
Deferral Fee. The deferral fee for the 3 day MWP3 and 5 day MWP4 events is $500.00.For the "Professional Business Builder" event its $150.
Deferral Fee. As additional compensation for extension of the due date of the principal payments due January 1, 2001, pursuant to Section 2.6(d)(v)(y) of this Agreement, as amended by the Eighth Amendment, in addition to interest and all other fees as herein provided, Borrower shall pay to Banks a fee of one hundred fifty (150) basis points per annum (the "Deferral Fee"), prorated for any partial year, on the principal balance of the Revolving Loans and the Term Loan outstanding from time to time during the period from January 1, 2001 through April 27, 2001. Such Deferral Fee shall be Ninety-Nine Thousand Eleven and 70/100 Dollars ($99,011.70) for the period from January 1 through April 27, 2001 and shall be due and payable in full on April 27, 2001. For the purposes of this Agreement, one hundred (100) basis points equal one percent (1.0%).
Deferral Fee. In the event any amounts remain outstanding under either the Term Note, the Revolving Note, or both Notes as of 2:00 p.m. Central Time on March 30, 2001, Borrower shall pay to Bank a deferral fee in the amount of the lesser of (i) $250,000.00, or (ii) the maximum amount permitted by applicable law, such Deferral Fee to be in addition to, and not in substitution for any and all of Borrower's obligations and any and all of Bank's rights under the Notes and the other Loan Documents. Such fee shall be immediately due and payable at 2:01 p.m. Central Time on March 30, 2001. Subject to the conditions and limitations set forth in Section 1 of the Loan Terms, Conditions and Procedures Addendum of the to the Credit Agreement (other than the use limitations set forth in Section 1.6 of said Addendum), Borrower may request a Revolving Loan to pay the Deferral Fee.
