Early Payment Right Sample Clauses

Early Payment Right. Each Partner shall have the right (the “Early Payment Right”) to terminate this Agreement with respect to all, but not less than all, of the Units held (or previously held and Exchanged) by such Partner upon notice in writing to the Corporation. Within 30 calendar days of a Partner notifying the Corporation in writing of its exercise the Early Payment Right, the Corporation shall provide such Partner with the information required by Section 4.02 of this Agreement as if the Corporation had exercised its termination right under Section 4.01 of this Agreement, including, without limitation, an Early Termination Schedule containing the Early Termination Payment with respect to such Partner. The Early Termination Schedule shall become final and binding on all parties unless the Partner, within 30 calendar days after receiving the Early Termination Schedule, provides the Corporation with a Material Objection Notice. If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within 30 calendar days after receipt by the Corporation of the Material Objection Notice, the Corporation and the Partner shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement. Within three calendar days after agreement between the Partner and the Corporation of the Early Termination Schedule, the Corporation shall make the Early Termination Payment to such Partner on the terms and within the time period required by Section 4.03 of this Agreement.
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Early Payment Right. On or after the fifteenth anniversary of the IPO, the TRA Representative has the right (the “Early Payment Right”) to terminate this Agreement with respect to each TRA Party by providing written notice to the Corporation (the “Early Payment Right Notice”). If the TRA Representative elects to exercise its Early Payment Right, then all obligations hereunder with respect to each TRA Party shall be accelerated and such obligations shall be calculated as if an Early Termination Notice had been delivered on the date that is thirty-one days after the delivery of the Early Payment Right Notice (and the Corporation had elected an Early Complete Termination) and shall include, each TRA Party’s Ownership Percentage multiplied by the sum of (i) the Early Termination Payment calculated as if an Early Termination Notice had been delivered on the date that is thirty-one days after the delivery of receipt of the Early Payment Right Notice; (ii) any Tax Benefit Payment agreed to by the Corporation and the TRA Party Representative as due and payable but unpaid as of such date; and (iii) any Tax Benefit Payment due for the Taxable Year ending prior to, with or including such date (except to the extent that such amount is included in the Early Termination Payment).
Sample 1
Early Payment Right. On or after the fourth anniversary of the IPO (the “Early Termination Date”), each Member shall have the right (the “Early Payment Right”) to terminate this Agreement with respect to all, but not less than all, of the Units held (or previously held and Exchanged), directly or indirectly, by such Member upon notice in writing to the Corporation. Within thirty (30) Business Days of a Member notifying the Corporation in writing of its exercise of the Early Payment Right, the Corporation shall provide such Member with the information required by Section 4.2 of this Agreement as if the Corporation had exercised its termination right under Section 4.1 of this Agreement, including, without limitation, an Early Termination Schedule containing the Early Termination Payment with respect to such Member. For purposes of this Section 4.4, the Early Termination Rate shall equal the greater of (i) LIBOR plus 500 basis points or (ii) the highest rate of interest on any indebtedness for borrowed money of the Corporation and its Subsidiaries. The Early Termination Schedule shall become final and binding on all parties unless the Member, within thirty (30) calendar days after receiving the Early Termination Schedule, provides the Corporation with a Termination Objection Notice. If the Parties, for any reason, are unable to successfully resolve the issues raised in such notice within thirty (30) calendar days after receipt by the Corporation of the Termination Objection Notice, the Corporation and the Member shall employ the Reconciliation Procedures. Within three (3) Business Days after agreement between the Member and the Corporation of the Early Termination Schedule, the Corporation shall make the Early Termination Payment to such Member on the terms required by Section 4.3 of this Agreement. Notwithstanding the foregoing, the obligation of the Corporation to make the Early Termination Payment may be deferred, in part, by paying such amount in five (5) equal annual installments, commencing on the Early Termination Date with the first such annual payment due on the otherwise applicable date under this Section 4.4 had this deferral right not been exercised, and as adjusted to reflect the time value of money for the four subsequent annual payments, where such adjustment shall be based on an assumed rate of return equal to the lowest rate of interest which the Corporation determines, in its reasonable judgment, would be available to it if it were to borrow, on an unsecured bas...
Sample 1
Early Payment Right. On or after the fifteenth anniversary of the date hereof, each TRA Party shall have the right (the “Early Payment Right”) to terminate this Agreement with respect to such TRA Party by providing written notice to the Company (the “Early Payment Right Notice”). If a TRA Party elects to exercise its Early Payment Right, then all obligations hereunder with respect to such TRA Party shall be accelerated (subject to Section 3.1(a)(ii)) and such obligations shall be calculated as if an Early Termination Notice had been delivered on the date of delivery of the Early Payment Right Notice.
Sample 1

Related to Early Payment Right

  • Early Payment You may pay all or any part of your Outstanding Loan Balance at any time without notice, penalty or bonus.

  • Early Payments The Obligor on the Receivable has made, or will make, the first two monthly payments under such Receivable.

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • Rent Payment Tenant shall pay the Base Rent for the premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the premises. Additional rent means amounts determined under section 19 of this lease and any other sums payable by Tenant to Landlord under this lease. Rent not paid when due shall bear interest at the rate of one-and-one-half per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord's rights hereunder.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Timely Payment Except as provided otherwise herein, payment for an invoice will be issued and mailed to the Consultant within thirty (30) calendar days of receipt of the invoice.

  • Payment Due Payment for services provided by BellSouth, including disputed charges, is due on or before the next xxxx date. Information required to apply payments must accompany the payment. The information must notify BellSouth of Billing Account Numbers (BAN) paid; invoices paid and the amount to be applied to each BAN and invoice (Remittance Information). Payment is considered to have been made when the payment and Remittance Information are received by BellSouth. If the Remittance Information is not received with payment, BellSouth will be unable to apply amounts paid to Freedom’s accounts. In such event, BellSouth shall hold such funds until the Remittance Information is received. If BellSouth does not receive the Remittance Information by the payment due date for any account(s), late payment charges shall apply.

  • CONDITIONAL UPON PAYMENT 12.1 Where applicable, You agree that this Agreement is conditional upon Apollo being paid by the Travel Agent or Travel Wholesaler (Agent) who arranged this Agreement on Your behalf. You must pay Apollo any shortfall in the amount paid by You to the Agent and the amount that should have been paid to Apollo based on the applicable standard gross rental rate in respect of the Vehicle for the rental period.

  • Payment Due Dates Notwithstanding the provisions of Sections II and III above, payment due date shall be at least invoice date plus 30 days. If the County is late in issuing an invoice, the contracting entity would always have at least invoice date plus 30 days to pay. If the County is early in issuing an invoice, the contracting entity would still have a payment due date of either 60 days after the beginning of the quarter (quarterly invoices) or 30 days after the beginning of the service month (monthly invoices).

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