Fixed Payments Sample Clauses
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Fixed Payments. (a) Operator shall owe RIN the sum of $1,000,000 as soon as the Number of Active Real Property Ads shall exceed 1,300,000. Such sum shall be paid to RIN in thirty-six equal monthly installments of principal plus interest at the Prime Rate, with the first such installment to commence on the thirtieth day following the date on which the Number of Active Real Property Ads shall exceed 1,300,000; provided, however, that if (i) Operator (or Parent) raises more than $7 million (after deduction of underwriters' discounts and commissions) from an offering of its stock (or the stock of Parent) or (ii) Operator generates Free Operating Cash Flow of at least $4 million, then the unpaid balance of such installments shall be paid in full within fifteen days following the receipt by Operator (or Parent) of the proceeds of such stock offering or within sixty days after the end of the calendar quarter in which the Free Operating Cash Flow equals or exceeds $4 million, as applicable.
(b) Operator shall pay to RIN the sum of $1,000,000 (i) within sixty days after the end of the calendar quarter in which the Free Operating Cash Flow equals or exceeds $2 million or (ii) if earlier, within fifteen days following the receipt by Operator (or Parent) of proceeds of more than $7 million (after deduction of underwriters' discounts and commissions) from an offering of its stock (or the stock of Parent).
Fixed Payments. Fixed Rate Payer Calculation Amount: The Floating Rate Payer Calculation Amount Fixed Rate Payer Payment Dates: Each 20 March, 20 June, 20 September and 20 December in each year. Fixed Rate Payer Calculation Period: Each period from, and including, one Fixed Rate Payer Payment Date to, but excluding, the next following Fixed Rate Payer Payment Date, except that (a) the initial Fixed Rate Payer Calculation Period will commence on, and include, the later of the Effective Date and the Fixed Rate Payer Payment Date falling on or immediately prior to the calendar day immediately following the Trade Date and (b) the final Fixed Rate Payer Calculation Period will end on, and include, the earlier to occur of the Scheduled Termination Date and the Event Determination Date.
Fixed Payments. As consideration for the marketing rights granted to Vertical hereunder, Vertical shall pay to Argent certain fixed payments as follows.
8.1.1 a signing payment of Three Hundred Thousand Dollars ($300,000) due on the Effective Date; and
8.1.2 the sum of Nine Hundred Thousand Dollars ($900,000) to be paid in fifteen (15) equal monthly payments of Sixty Thousand Dollars ($60,000) each month commencing on the first day of the first month following the Approval Date for the Products.
Fixed Payments. N2K will pay AOL the following guaranteed amounts: (i) two million dollars ($2,000,000) due upon execution of this Agreement; (ii) ten million dollars ($10,000,000) due upon the earlier of closing of N2K's initial public offering (the "IPO") and December 1, 1997; (iii) three million ($3,000,000) due November 1, 1998; and (iv) three million ($3,000,000) due November 1, 1999.
Fixed Payments. In addition to the prices set forth for purchases by AMD of MPU Products slated for delivery in 2011, AMD agrees to pay FoundryCo certain additional fixed [****] payments (the “2011 Additional [****] Fixed Payments”) as set forth in Schedule D.
Fixed Payments. The Fixed Payments to be made by BriteSmile to CAP shall be equal to interest on the principal balance of the Loan outstanding from time to time based on a 360-day year at a rate (the "Target Rate") specified by CAP as provided below which shall be either (i) six percent (6%) per annum (the "Base Rate"), or (ii) the London Interbank Offered Rate as quoted by The Bank of Nova Scotia for deposits in U.S. Dollars for one year maturities as determined on the Adjustment Date plus 200 basis points (the "Libor Rate"). Initially, the Fixed Payments shall be calculated using the Base Rate. CAP shall have the right from time to time while the Loan remains outstanding on at least 30 days prior written notice to BriteSmile, to set or reset the Target Rate at either the Base Rate or the Libor Rate as of the date (the "Adjustment Date") set forth in such notice on which such rate is to become effective. Fixed Payments will accrue from the date of the first draw on the Loan made by BriteSmile and shall be payable in arrears on the first business day of the month immediately following the month during which the Fixed Payment on the Loan accrued and on the Maturity Date. Notwithstanding the foregoing, from and after May 11, 2006, the rate of Fixed Payments shall be calculated based on the total principal amount of the Loan outstanding at May 11, 2006 for the period from May 11, 2006 to December 31, 2006. On January 1 of each calendar year thereafter for such calendar year or portion thereof during which the Loan is outstanding the amount of the Fixed Payments shall be calculated based on the total principal amount of the Loan outstanding on such January 1.
Fixed Payments. Fixed Payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. Fixed Payments are not in any way dependent upon the investment experience of the Separate Account.
Fixed Payments. Oculis shall pay to Accure a single, non-creditable, non-refundable one-time upfront fixed-fee payment of CHF 3,000,000 (Three Million Swiss Francs), which shall be payable as follows: fifty percent (50%) of such payment shall be paid within [***] of the Effective Date, and [***] of such payment shall be paid upon [***]. Such payment shall be subject to Oculis’s receipt from Accure of a valid invoice in accordance with Section 7.2.
6.2.1 Oculis shall [***] and [***], which [***]. Such payment shall be subject to [***]. As used herein, “[***]” means the [***].
Fixed Payments. (a) Within five (5) Business Days from the Signing Date, Acer shall pay Relief Ten Million Dollars ($10,000,000) (the “Initial Payment”) via wire transfer and, immediately upon the execution of the payment, it shall provide Relief with an official payment receipt or wire transfer slip issued by Acer’s bank.
(b) Within three (3) Business Days following the one year anniversary date of the Initial Payment, Acer will pay Relief One Million Five Hundred Thousand Dollars ($1,500,000) (the “Second Payment”).
(c) The Initial Payment and the Second Payment shall be defined as the “Fixed Payments”. For the avoidance of doubt, the Fixed Payments will be fully earned, not creditable, not refundable and not contingent upon any future performance or occurrence.
Fixed Payments. As consideration for the license rights hereunder, TEAMM shall pay to Argent certain fixed payments pursuant to the schedule set forth on the attached Exhibit 1 and made part hereof.
8.1.1 In the event that the suitability petition for any Product covered under this Agreement is denied by the FDA, Argent agrees to credit TEAMM the difference between the actual fixed payments previously paid by TEAMM to Argent for said Product, pursuant to the schedule of payments set forth in Exhibit 1 of this Agreement, and the actual development costs incurred by Argent for said Product. Any such creditable amounts will be deducted from any future royalty payments due Argent by TEAMM for any of the Products covered under this Agreement.