Due Date of Payments. Such payments shall be payable in annual installments and shall be paid by the first day of March in the calendar year immediately following the year during which the Contractor receives revenues as described above (the “Due Date”). Any payment not received by the applicable Due Date shall be deemed delinquent. A delinquent payment shall be made with interest with such interest computed commencing with the Due Date of such payment. The annual interest rate payable shall be the "Prime Rate" existing as of the Due Date of such payment plus five
Due Date of Payments. Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the case may be, payable on such date, provided that if any such extension would cause repayment of the principal of or interest on a LIBOR Loan to be made in the next following calendar month, such payment shall be made on the last preceding Business Day with interest payments adjusted accordingly.
Due Date of Payments. Unless otherwise stated herein, all fees, payments, charges, expenses, advances and any other sums payable to Subservicer by Owner/Servicer hereunder, shall be due and payable within five (5) business days from date of receipt of Subservicer’s invoice. Thereafter, all sums shall be subject to a finance charge at an annual rate of four hundred basis points (400 BP) over the three month LIBOR as published in The Wall Street Journal on the first business day of the month in the billing period.
Due Date of Payments. Monthly payments shall be due and payable at the office of Seller on or before the 18th day of each calendar month which date shall hereafter be referred to as the "due date". The first monthly payment under this Agreement shall be due on January 18, 1997.
Due Date of Payments. Unless otherwise stated herein, all fees, payments, charges, expenses, advances and any other sums payable to Subservicer by Lender/Servicer hereunder, shall be due and payable within five (5) business days from date of subservicer's invoice and thereafter, all sums shall be subject to a finance charge at a rate per annum equal to two percent (2%) over Prime.
Due Date of Payments. Unless otherwise stated herein, all fees, payments, charges, expenses, Servicing Advances and any other sums payable to Subservicer by Owner/Servicer hereunder, shall be due and payable within five (5) Business Days from the date of Owner/Servicer’s receipt of Subservicer’s invoice. Thereafter, all sums shall be subject to a finance charge at an annual rate of the prime rate as published in The Wall Street Journal on the first Business Day of the month in the billing period, plus one hundred fifty basis points (150BP).
Due Date of Payments. The 49% Earn Out payments shall be paid within thirty (30) days of MSGI's and/or FDA's sale and receipt of the purchase price from any purchaser. B. Accounting. On the tenth day of each month starting July 10, 2005, MSGI/FDA shall provide FDL with a complete and comprehensive report for the prior month in a mutually agreed upon format, summarizing total FDL product sales by product type, sales amounts, gross sales price, total gross sales, payments received by MSGI/FDA from the sale of FDL products, accounts receivable by MSGI/FDA from the sale of FDL products, and a summary of the accounting used to determine the amount of Earn Out payments due. MSGI/FDA agree to keep complete and correct books, accounts and records according to Generally Accepted Accounting Principles (GAAP) to facilitate computation of the Earn Out payments. The Labases, FDL, or any of their representatives shall have a full right of accounting including the right to confidentially examine MSGI's and FDA's records at reasonable times and upon reasonable notice, for the purpose of verifying the amount of Earn Out payments due.
Due Date of Payments. The royalty payments will be due within thirty (30) days of FDL's sale and receipt of the purchase price, subject to the following condition: FDL will first apply the royalty payments as credit against the one million dollar purchase price of the remaining 49% shares of FDA. At the conclusion of the 18 month period, or earlier if any combination of the FDL "royalty" payment and MSGI/FDA earnout equals one million dollars. FDL will remit to MSGI/FDA the subsequent 5% royalty payments. FDL will not make royalty payments based on sales originated by MSGI/FDA.
Due Date of Payments. 7.1 Where the Seller is liable to make any payment under paragraph 2, 3 or 4, the due date for the making of that payment shall be the later of the date falling seven (7) days after the Purchaser has served a notice on the Seller demanding that payment and:
(a) insofar as the claim arises under paragraph 2 and 3, the date falling ten (10) Business Days before the last day on which a payment of, in respect of or on account of Tax may be made by the relevant DivestCo Group Company without incurring any liability to interest, a fine, surcharge and/or penalty arising in respect thereof; and
(b) insofar as the claim arises pursuant to paragraph 4, ten (10) Business Days before the day on which the costs and expenses fall due for payment.
7.2 Where the Purchaser is liable to make any payment under paragraph 6.1, the due date for the making of that payment shall be the later of the date falling seven (7) days after the Seller has served a notice on the Purchaser demanding that payment and:
(a) insofar as the claim arises under paragraph 6.1(a) or (b), the date falling ten (10) Business Days before the last day on which a payment of, in respect of or on account of Tax may be made by the relevant Seller Group Company without incurring any liability to interest, a fine, surcharge and/or penalty arising in respect thereof; and
(b) insofar as the claim arises pursuant to paragraph 6.1(c), ten (10) Business Days before the day on which the costs and expenses fall due for payment.
7.3 The limitations set out in Clause 13.1 (Maximum Liability), 13.2 (Time Limitations), 13.6 (Other Compensation), 13.9(d) (change in accounting treatment etc.) ,13.10 (Change in Law) and 13.11 (No Double Recovery) shall apply to limit the Purchaser’s liability under the covenant in paragraph 6 of this Schedule as set out therein.
Due Date of Payments. Except as otherwise expressly provided elsewhere herein, all payments provided for in this Agreement shall be made as promptly as possible and in any event not later than seven business days after the date of the occurrence or the coming into existence of the circumstances giving rise to the obligation to pay.
