Division of Payments Sample Clauses

Division of Payments. Unless and until otherwise notified by Plenus to the Company in writing, all payments payable by the Company to the Lenders hereunder shall be divided between the Lenders in amounts which reflect their pro rata lending to the Company as set forth in Schedule I and shall be made to the following account: – Plenus II, L.P. account number 233400-61 with Bank Leumi, Branch No. 864 (Business Herzelia Branch), located at 00 Xxxxxxxx Xxxxxxx Xx., Xxxxxxxx (Swift Code: XXXXXXXXXXX).
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Division of Payments. All payments to be made by the Company to the Lender shall be made to the following account: Plenus - account number 133021 at United Mizrachi Bank Ltd., Branch No. 522, located in Herzliya, Swift Code: MIZBILIT.
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Division of Payments. The deed of commitment specifies the amounts to be paid respectively: • to the contract holder and their sub-contractors; • to the contract holder representative, their co-contractors and sub-contractors. Special Administrative Specifications v2 - Supply contracts
Sample 1
Division of Payments. Chaparral's delivery of the cash and Warrants set forth above shall be without any obligation on the part of Chaparral, Xxxxxx, Whittier or Jeffs to see to the proper division thereof as between C&M and Heartland. The division of the cash and Warrants specified above between Heartland and C&M shall be governed by agreement between them and neither Chaparral, Xxxxxx, Whittier nor Jeffs shall have any obligation to administer or see to the proper division thereof or compliance with any agreement between Heartland and C&M. 2. Dismissal. Upon execution of this Agreement, Heartland and C&M shall immediately dismiss the Lawsuit with prejudice to their rights to refile same, any part thereof or to assert any claim arising out of the underlying document dated September 25, 1997 upon which the Lawsuit was based. To accomplish the foregoing, Heartland, C&M, Chaparral and Xxxxxx shall execute the Agreed Final Judgment in the form attached hereto and promptly file same for entry by the Court in which the Lawsuit is pending.
Sample 1
Division of Payments. Chioini, Klema, Bagley, and Xxxx will determine amongst themselves how to allocate the payments made under Paragraphs 1.a and 1.b between themselves (with the exception of the $30,000 payment to be made directly to Xxxx). Rockwell shall have no responsibility or liability with respect to any such allocation.
Sample 1
Division of Payments. The Base Purchase Price, any Buyer Shortfall Amount and the Incentive Payment, if any, payable pursuant to this Section 2 shall be paid fifty percent (50%) to MQV (or at MQV's direction, to XxXxxxxxx) and fifty percent (50%) to B.C.R. (or at B.C.R.'s direction, to Goldstone). Any Seller Shortfall Amount in excess of the Escrow Amount (if any) shall be paid fifty percent (50%) by MQV or XxXxxxxxx and fifty percent (50%) by B.C.R. or Goldstone.
Sample 1

Related to Division of Payments

  • Application of Payments Landlord shall have the right to apply payments received from Tenant pursuant to this Lease, regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect.

  • Collection of Payments Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents by charging Borrower’s deposit account number 4121261853 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

  • Reduction of Payments Any reduction under Subsection (b) above shall be applied first to Payments that constitute “deferred compensation” (within the meaning of Section 409A of the Code and the regulations thereunder). If there is more than one such Payment, then such reduction shall be applied on a pro rata basis to all such Payments. Subject to the foregoing rules, the Employee may elect, in the Employee’s sole discretion, which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall advise the Company in writing of the Employee’s election within 10 business days of receipt of notice. If no such election is made by the Employee within such 10-day period, then the Company may elect which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall notify the Employee promptly of such election. For purposes of this Section 3, a present value shall be determined in accordance with Section 280G(d)(4) of the Code. All determinations made by the Accounting Firm under this Section 3 shall be binding upon the Company and the Employee and shall be made within 10 business days of the date when a Payment becomes payable or transferable. As promptly as practicable following such determination and the elections hereunder, the Company shall pay or transfer to or for the benefit of the Employee such amounts as are then due to the Employee and shall promptly pay or transfer to or for the benefit of the Employee in the future such amounts as become due to the Employee.

  • Termination of Payments Notwithstanding section 2.2, no payments shall be due to Purchaser xXxx Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple. We refer to the result of this multiplication as the “Maximum Payment Amount.”

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

  • Coordination of Payments The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable as Expenses hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

  • Distribution of Payments On and after the Effective Date, the Agent shall make all payments under the Loan Documents in respect of each Assigned Interest (a) in the case of amounts accrued to but excluding the Effective Date, to Assignor and (b) otherwise, to Assignee.

  • Form of Payments All payments to Holders will be made as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

  • Allocation of Payments The Assignor and the Assignee agree that (i) the Assignor shall be entitled to any payments of principal with respect to the Assigned Interest made prior to the Assignment Date, together with any interest and fees with respect to the Assigned Interest accrued prior to the Assignment Date, (ii) the Assignee shall be entitled to any payments of principal with respect to the Assigned Interest made from and after the Assignment Date, together with any and all interest and fees with respect to the Assigned Interest accruing from and after the Assignment Date, and (iii) the Agent is authorized and instructed to allocate payments received by it for account of the Assignor and the Assignee as provided in the foregoing clauses. Each party hereto agrees that it will hold any interest, fees or other amounts that it may receive to which the other party hereto shall be entitled pursuant to the preceding sentence for account of such other party and pay, in like money and funds, any such amounts that it may receive to such other party promptly upon receipt.

  • Application of Payment The monthly housing assistance payment shall be credited against the monthly rent to owner for the contract unit.

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