Forbearance Payments Sample Clauses

Forbearance Payments. Subject to the terms of this Agreement, if a Forbearance Year is declared pursuant to Section 5, the EAA agrees to pay to the Permittee the sum of and /100 Dollars ($_ ) for each Forbearance Year during the term of this Agreement (“Forbearance Payments”), which Forbearance Payments shall be payable in accordance with this section. The Forbearance Payments are based on ONE HUNDRED FIFTY and No/100 Dollars ($150.00) per AF/annum of the permitted rights pledged for forbearance under Subsection 3(a). The EAA will make all payments under this section only to the Permittee and only in a Forbearance Year. Forbearance Payments shall be made no later than March 1st of a Forbearance Year. Forbearance Payments shall be adjusted for a 1.50 percent (%) increase, compounded annually for the years that have elapsed since the Initial Payment Year.

Forbearance Payments. On page 4 of the Filing, BC Hydro states the following: • In anticipation of the expiry of the initial 20-year term, BC Hydro and the ▇▇▇▇▇▇ North IPP began discussions in 2012 to explore the potential for an EPA renewal. At the time, a 10-year extension of the project was being proposed by the ▇▇▇▇▇▇ North IPP. With respect to the EPA renewal, BC Hydro was unable to reach an agreement with the ▇▇▇▇▇▇ North IPP because the upper limit of pricing BC Hydro was able to offer for a 10-year extension was not, as indicated by the IPP, adequate to recover its costs at that time. • BC Hydro wanted to maintain the incremental generation and environmental benefits it received as a result of the Diversion Agreement and without the EPA the Diversion Agreement would terminate. However, BC Hydro also wanted to reduce the cost of the EPA.

Forbearance Payments. Contemporaneously with the execution of this Agreement, Borrower covenants and agrees to make a $122,721.60 cash payment to Lender (the “Forbearance Payment”). The Forbearance Payment shall be made by Borrower to Lender via wire transfer of immediately available funds. If the due date for any Forbearance Payment falls on a weekend, the due date will be extended to the next business day. Payment by wire transfer shall be delivered through the following instructions: Account Name: Tangiers Global, LLC Bank: Chase Bank address: 1▇▇ ▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Account name: Tangiers Global, LLC Account number: 810137187 Routing number: 3▇▇▇▇▇▇▇▇ Address: Caribe P▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇. #▇▇, ▇▇▇ ▇▇▇▇, ▇▇ 00901 If the Forbearance Payment is not received by the Lender within three (3) business days of the due date, the Borrower shall be in default of this agreement and the Lender may issue to the Borrower a Notice of Default (the “Notice of Default”). If the Borrower does not cure the default within five (5) business days of the due date, this Agreement shall terminate immediately.

Forbearance Payments. During the Forbearance Period, Borrower shall be required to pay as forbearance payments to Lender (i) the regular monthly mortgage payments of principal and interest that would have been due under the Loan Documents if the Maturity Date had not occurred on each Payment Date in the amount of $235,996.61 (each, a “Monthly Forbearance Payment Amount”), and (ii) all monthly deposits of all Reserve Funds that would have been due under the terms of the Loan Documents if the Maturity Date had not occurred on each Payment Date (together with the Monthly Forbearance Payment Amount, collectively, “Forbearance Payments”). For purposes of this Agreement, “Payment Date” shall mean the first (1st) day of each calendar month and if such date is not a Business Day, then such payment shall be made on the first Business Date preceding such Payment Date.

Forbearance Payments. (a) The Companies shall pay to the Foundation royalties in the following amounts based on the Companies' actual receipt of third party royalty payments in respect of Net Sales of the Vaccine as follows: i. to the extent that such third party royalty payments to the Companies are less than ten percent (10%) of third party Net Sales of the Vaccine (the "Level One Royalty"), the Forbearance Payments to the Foundation will be an amount equal to fifty percent (50%) of the Level One Royalty; ii. to the extent that such third party royalty payments to the Companies are equal to or greater than ten percent (10%) of third party Net Sales of the Vaccine, the Forbearance Payments to the Foundation will be an amount equal to five percent (5%) of third party Net Sales of the Vaccine;d iii. If, and to the extent that, the Companies directly engage in the marketing, distribution, and sale of the Vaccine, the Forbearance Payments will be an amount equal to five percent (5%) of Net Sales of the Vaccine; and iv. if third party royalty payments in respect of the commercialization of the Vaccine that are calculated other than with reference to Net Sales of the Vaccine, the Companies and the Foundation will revise the calculation methodologies in paragraphs (i) and (ii) above to approximate the Forbearance Payments that would have otherwise been payable. (b) All Forbearance Payments shall be made within thirty (30) days of the date of actual receipt by the Companies. Forbearance payments shall be paid by check or by wire transfer in United States dollars in Bethesda, Maryland, or at such other place and manner as the Foundation may designate in writing. (c) All Forbearance Payments due hereunder shall be paid in full, without deduction for any taxes or other fees imposed by any government or any transfer, collection, or similar charges; any such tax, fee, or charge shall be paid by the Companies. (d) The Companies shall keep, and shall require its licensees to keep, accurate records (together with supporting documentation) of Net Sales of the Vaccine appropriate to determine the amount of Forbearance Payments due the Foundation hereunder. Such records shall be retained for at least three (3) years. They shall be available during normal business hours for examination by an accountant selected by the Foundation, for the sole purpose of verifying payments hereunder. In conducting examinations pursuant to this section, the Foundation's accountant shall have access to all records t...

Forbearance Payments. Contemporaneously with the execution and delivery of this Agreement by Borrower, Borrower shall pay to Lender all unpaid Forbearance Payments due or anticipated to be due through the Execution Date (if any).

Forbearance Payments. Borrower shall pay to Agent the following payments on account of the Obligations owed by Borrower to Agent and Lenders: (i) Within one Business Day after the date Borrower executes this Agreement, Borrower shall pay to Agent, for the benefit of Agent and Lenders, the Forbearance Prepayment from the funds held in the Blocked Account, and (ii) On or before the Forbearance Expiration Date, the amount equal to the balance of all remaining Obligations (including all applicable Make Whole Amounts) owed by Borrower to Agent and Lenders at that time.

Forbearance Payments. (i) On the Effective Date, Borrowers shall pay L▇▇▇▇▇’s attorneys’ fees and expenses in the amount of $2,000.00 (the “Attorney Fee Payment”) incurred by L▇▇▇▇▇ in connection with the negotiation and preparation of this Agreement.