FINANCING PAYMENTS. 4.1 For each Financing Agreement, University agrees to pay to Bank the financing payments in the amounts and at the times as set forth in the Payment Schedule attached to the Schedule ("Financing Payments"). A portion of each Financing Payment is paid as and represents the payment of interest as set forth in the Payment Schedule; as indicated in the Schedule the interest component of a Financing Payment may be exempt from federal income tax (“Tax-Exempt Financing Payments”). University acknowledges that its obligation to pay Financing Payments including interest therein accrues as of the Accrual Date stated in the Schedule or its Payment Schedule. Financing Payments will be payable for the Financing Agreement Term in U.S. dollars, without notice or demand at the office of Bank (or such other place as Bank may designate from time to time in writing).
FINANCING PAYMENTS. 1. The Contractor shall undertake to make payments according to the following: - One first payment of the 40%+7% of the direct and indirect costs, i.e. 27.348,34 €. Once this 40% has been spent and duly justified, a second payment of the 20% will be carried out, in order to achieve the 60% transferred by the EU. - A second payment of 30% once the 70% of the 60% has been spent and declared with evidences to the contractor and the contractor to the European Commission. The European Commission must approve this payment as stated in the grant agreement. - Payment of the balance.
FINANCING PAYMENTS. If Buyer shall not have closed the financing referred to in Section 9.11 on or before the dates referred to below, on each of such dates Buyer shall pay to ICF, by wire transfer of immediately available funds, the amounts set forth below (such amounts, the "Financing Payments"): Date Amount ---- ------ April 9,1999 $2,000,000 April 29,1999 $1,250,000 May 13, 1999 $1,250,000 The Financing Payments shall be nonrefundable, but shall be credited against the Purchase Price as provided in Section 3.2(a). Buyer's obligation to make the Financing Payments in the event of termination of this Agreement is governed by Article 11.
FINANCING PAYMENTS. 31 ARTICLE 8
FINANCING PAYMENTS. 4.1 For each Financing Agreement, University agrees to pay to Bank the financing payments in the amounts and at the times as set forth in the Payment Schedule attached to the Schedule ("Financing Payments"). A portion of each Financing Payment is paid as and represents the payment of interest as set forth in the Payment Schedule. University acknowledges that its obligation to pay Financing Payments including interest therein accrues as of the Accrual Date stated in the Schedule or its Payment Schedule. Financing Payments will be payable for the Financing Agreement Term in U.S. dollars, without notice or demand at the office of Bank (or such other place as Bank may designate from time to time in writing).
