DEFERRED PAYMENT PERIOD Sample Clauses

DEFERRED PAYMENT PERIOD. [Not applicable][ months][The term of this Agreement].] During the Deferred Payment Period, you will not be required to make regular payments under this Agreement. However, interest will accrue and be automatically added to the principal amount of the Loan on each Payment Date (or such other date as we may agree). Interest so capitalised will itself bear interest under this Agreement.] INTEREST FREE PERIOD There is no interest-free period under this Agreement. GOODS Make or Manufacturer Vin Number Model Registration No Year of Manufacture Chassis/Serial No PARTICULARS OF INSUR ANCE Company Branch/Broker Expiry date C/N or Policy No. Amount $ ANNUAL REVIEW We have agreed to refinance your previous consumer loan to help ease the financial difficulties you are experiencing, or reasonably expect to experience, due to the effects of COVID-19. This will be done by reducing, or allowing you to elect to reduce at any time, your regular payment amounts by extending the term of this Agreement. If your financial position improves, a longer-term loan may become less suitable for your needs. It is a condition of this Agreement that we have the right to review your Loan annually. We will conduct an annual review of the Loan (at any time, but no more than once in each calendar year) to assess whether the financial difficulties you are experiencing, or reasonably expected to experience, due to the effects of COVID-19 have been eased, whether the Loan is still suitable for your needs and, in particular, whether you still require the Right to Reduced Repayments or, if the Payment Amounts are lower than those under your previous consumer loan, the Payment Amounts can increase up to the amounts payable under your previous consumer loan (and therefore the term of this Agreement shorten). As part of any annual review, we may ask for information from you (including details of your current income and expenses) in accordance with clause 4.4 to assist us in our review. Where we determine, as a result of any Annual Review, that changes to your Loan should be made (in particular, that the financial difficulties have been eased so that you no longer require the Right to Reduced Repayments or, if the Payment Amounts are lower than those under your previous consumer loan, the Payment Amounts can increase up to amounts payable under your previous consumer loan (and therefore the term of this Agreement shorten)), we reserve the right to make those changes without your agreement in such ma...
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DEFERRED PAYMENT PERIOD. From and after the Commencement Date until the Deferred Payment Termination Date (the “Deferred Payment Period”), payment of amounts due from the Company to Xxxx or Xxxx to the Company under this Agreement shall be deferred or applied to the extent provided in, and subject to the terms and conditions of, this Article 11.
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Related to DEFERRED PAYMENT PERIOD

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Accrued Payments In the event Executive’s employment under this Agreement is terminated during the Term, by the Company other than for Cause or by Executive for Good Reason, Executive shall in all events be paid all accrued but unpaid Base Salary, earned but unpaid Incentive Compensation for any prior year, reimbursable expenses and other accrued benefits, if any, through the date of termination.

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Required Payments; Termination Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • Delayed Payment Premium balances that remain unpaid for more than thirty (30) days after the Remittance Date will incur interest from the end of the reporting period. The Remittance Date is defined as thirty (30) days after the end of the reporting period. Interest will be calculated using the index specified in Article 13.5 − Interest Rate.

  • Delayed Payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

  • Restricted Payments, etc On and at all times after the Effective Date:

  • Amortization Payments The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.

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