Extension Payments. Subject to Section 5.4, if the Company does not notify QIA of the Construction Decision within 90 days after the date of the issuance of the Type “A” Water License by the Nunavut Water Board with respect to the Project, the Company shall pay to QIA $1,250,000 at the end of each calendar quarter starting in the calendar quarter that follows the calendar quarter in which the Type A Water Licence is issued and continuing until the end of the calendar quarter preceding the calendar quarter in which the Construction Decision is made (such payments being herein called “Extension Payments”). This provision relates to the Construction Decision made to execute the Initial Project described herein and has no continuing application under this Agreement.
Extension Payments. In the event that a Fund continues to participate in the Program during a Program Extension Period, the Investment Company shall pay to the Treasury a non-refundable payment (a “Program Extension Participation Payment”) with respect to such Program Extension Period, which payment shall be made on the same date as the Investment Company’s delivery of the Program Extension Notice. The Program Extension Participation Payment shall be an amount equal to such Fund’s Fund Designated Asset Base multiplied by the percentage designated by the Treasury for such Program Extension Period in the Extension Announcement or, at the Treasury’s sole and absolute discretion, an amount based on any other formula described in the Extension Announcement.
Extension Payments. The term “Extension Payments” shall have the meaning set forth in Section 6.1 hereof.
Extension Payments. If the Closing has not occurred by expiration of the IPO Processing Period, then Buyer may unilaterally extend the Closing Date for up to an additional six (6) weeks (each an “Extended Closing Date”) by paying HRSI an amount of Ten Thousand And No/00 Dollars ($10,000) per week (the “Extension Payments”). In that case, Buyer must wire each Extension Payment to HRSI by each Extended Closing Date in order to extend Closing another week. However, if any of HRSI, the Company, and/or Stockholder are in material breach of any of their respective representations, warranties, covenants or obligations, and the Closing has not occurred, Buyer shall be entitled to extend the Closing Date without having to make Extension Payments until such material breach is cured (also, an “Extended Closing Date”). In addition, if the Securities and Exchange Commission (“SEC”) will not declare the IPO effective until audited December 31, 2013 financial statements for HRSI are provided to the SEC, then HRSI, the Company and Stockholder, agree to cooperate and work with the Auditor to prepare and deliver those financial statements to the Auditor as promptly as is commercially reasonable, so long as the Buyer continues to pay a weekly Extension Payment through the Extended Closing Date, as partial consideration for delivery of those financial statements to the Auditor.
Extension Payments. Notwithstanding Section 4.1, if HNC shall request an extension of time to file the Consolidated Group Return and/or the Combined Return for any Consolidated Return Year, HNC shall compute the hypothetical amounts of the federal or state income Tax payment, as applicable, which would have been payable by Retek on such Extension Payment Date had Retek requested such an extension and had Retek not been included in the Affiliated Group or Unitary Group during such Consolidated Return Year (calculated in accordance with Article 3). Retek shall pay to HNC, on such Extension Payment Date, the amounts computed by HNC.
Extension Payments. If applicable the Parent shall have made all Extension Payments to the Company on or prior to the time such payments are due in accordance with Section 8.1.
Extension Payments. On or before May 15, 2017 Talon shall make an Extension Payment to MagneGas in the amount of Ten Thousand and NO/100 Dollars ($10,000.00) (“First Extension Payment”). Upon MagneGas’s receipt of the First Extension Payment, Talon shall have the option to extend the First Installment payment date to June 15, 2017. In the event Talon exercises its right to extend the First Installment payment to June 15, 2017, Talon shall be obligated to pay MagneGas a second payment of Ten Thousand and NO/100 Dollars ($10,000.00) (“Second Extension Payment”) on or before June 15, 2017. Extension Payment(s) shall be made to the account described in Section 4.1 “Manner of Payment; Currency” in the Purchase Agreement. If Talon fails to make an Extension Payment(s) when due, MagneGas will have the option to terminate the Purchase Agreement.
Extension Payments. Notwithstanding Section 4.1, if B/E Aerospace shall request an extension of time to file the Consolidated Group Return and/or the Combined Return for any Consolidated Return Year or Combined Return Year, B/E Aerospace shall compute the hypothetical amounts of the federal, state, local and foreign Tax payments, as applicable, which would have been payable by ATT on such Extension Payment Date had ATT requested such an extension and had ATT not been included in the Affiliated Group or Combined Group during such Consolidated Return Year or Combined Return Year (calculated in accordance with Article 3). ATT shall pay to B/E Aerospace, on such Extension Payment Date, the amounts computed by B/E Aerospace.
Extension Payments. In consideration of the waivers set forth in this Fourth Amendment, Acquirer shall make the following payments to Shah Capital Opportunity Fund LP (“Shah Capital”):
(a) Acquirer shall cause the US$2,000,000 deposited in the Escrow Account in accordance with the Third Amendment to be released to one or more accounts to be designated by the Shah Sellers, together with any interest earned thereon, on or prior to June 30, 2016, as the part of the compensation for the non-occurrence of the Closing by June 30, 2016; and
(b) Acquirer shall pay Shah Capital the additional amount of US$1,000,000 no later than July 31, 2016, as the part of the compensation for the non-occurrence of the Closing by June 30, 2016.
Extension Payments. In connection with the modification of the Lease described in the Lease Amendment, Purchaser and Seller agree that any amounts payable by Landlord in connection with the extensions of the term of the Lease described below shall be treated as follows:
