Forbearance Payments Sample Clauses

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 Xxxxxx 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 Xxxxxx North IPP. With respect to the EPA renewal, BC Hydro was unable to reach an agreement with the Xxxxxx 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.
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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 ($150.00) per AF/annum of the permitted rights pledged for forbearance under Subsection 3(a). The EAA will make all payments under this section only to the Permittee and only in a Forbearance Year. Forbearance Payments shall be made no later than March 1st of a Forbearance Year. Forbearance Payments shall be adjusted for a 1.50 percent (%) increase, compounded annually for the years that have elapsed since the Initial Payment Year.
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Forbearance Payments. Subject to the terms of this Agreement, if a Forbearance Year is declared pursuant to Section 5, the EAA agrees to pay to the Permittee the sum of and /100 Dollars ($_ ) for each Forbearance Year during years one through five of the term of this Agreement, and the sum of and /100 Dollars ($ ) for each Forbearance Year during years six through ten of the term of this Agreement (“Forbearance Payments”), which Forbearance Payments shall be payable in accordance with this section. The Forbearance Payments for years one through five are based on ONE HUNDRED SEVENTY-TWO and 50/100 Dollars ($172.50) per AF/annum, and for years six through ten are based on TWO HUNDRED TEN and 60/100 Dollars ($210.60) per AF/annum, respectively, of the permitted rights pledged for forbearance under Subsection 3(a). The EAA will make all payments under this section only to the Permittee. The EAA shall make Forbearance Payments to the Permittee only in a Forbearance Year. Forbearance Payments shall be made no later than March 1st of a Forbearance Year.
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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: 100 X Xxxxxxxx, Xxxxx 000, Xxx Xxxxx, XX 00000 Account name: Tangiers Global, LLC Account number: 810137187 Routing number: 300000000 Address: Caribe Pxxxx Xxxxxx Xxxxxxxx 0xx Xxxxx, Xxxxxxxx Xx. #00, Xxx Xxxx, XX 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.
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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...
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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.
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Forbearance Payments. (i) On the Effective Date, Borrowers shall pay Lxxxxx’s attorneys’ fees and expenses in the amount of $2,000.00 (the “Attorney Fee Payment”) incurred by Lxxxxx in connection with the negotiation and preparation of this Agreement.
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Related to Forbearance Payments

  • Forbearance Fee In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Forbearance Amendment and Fifteenth Amendment Effective Date, (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, and (iii) paid to the Lender in good and collected upon the execution of this Agreement.

  • Forbearance Period If an Event of Default of the type referred to in Section 16.1(h) occurs, Vitol agrees that, for a period of up to sixty (60) consecutive calendar days thereafter (the “Forbearance Period”), it shall forbear from exercising its rights and remedies under Section 16.2 to the extent it is otherwise entitled to do so based on such occurrence; provided that: (a) at all times during the Forbearance Period, either the Cover Exposure shall equal zero or the aggregate amount of Undrawn Letters of Credit shall exceed the Cover Exposure; and (b) at no time during the Forbearance Period shall any other Event of Default have occurred. The Forbearance Period shall end on the earlier to occur of (i) the sixtieth (60th) day following the occurrence of the Specified Indebtedness Event of Default or (ii) the time as of which the condition in either clause (a) or (b) of Section 16.4 is no longer satisfied. During the Forbearance Period, Vitol shall continue to supply Crude Oil to Coffeyville pursuant to the provisions hereof. From and after the end of the Forbearance Period, Vitol shall be entitled to exercise any and all of the rights and remedies it may have (including under Section 16.2) based on the occurrence of such Event of Default as if no Forbearance Period had occurred (regardless of whether such Event of Default has been remedied or waived during such Forbearance Period).

  • Payment of accrued default interest Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.

  • Forbearance Agreement Except as otherwise expressly provided herein, (i) the Forbearance Agreement is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that on and after the date hereof (A) all references in the Forbearance Agreement to "this Forbearance Agreement ", "hereto", "hereof", "hereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this Amendment, and (B) all references in the Financing Agreement or any other Loan Document to the " Forbearance Agreement ", "thereto", "thereof", "thereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this amendment. This Amendment shall be effective only in the specific instances and for the specific purposes set forth herein and does not allow for any other or further departure from the terms and conditions of the Forbearance Agreement or the Financing Agreement which terms and conditions shall remain in full force and effect.

  • Note Payments The Company agrees that, so long as any Purchaser shall hold any Note, it will make payments of principal of, interest on, and any Yield-Maintenance Amount payable with respect to, such Note, which comply with the terms of this Agreement, by wire transfer of immediately available funds for credit (not later than 12:00 noon, New York City local time, on the date due) to (i) the account or accounts of such Purchaser specified in the Purchaser Schedule attached hereto in the case of any Series A Note, (ii) the account or accounts of such Purchaser specified in the Confirmation of Acceptance with respect to such Note in the case of any Shelf Note or (iii) such other account or accounts in the United States as such Purchaser may from time to time designate in writing, notwithstanding any contrary provision herein or in any Note with respect to the place of payment. Each Purchaser agrees that, before disposing of any Note, it will make a notation thereon (or on a schedule attached thereto) of all principal payments previously made thereon and of the date to which interest thereon has been paid. The Company agrees to afford the benefits of this paragraph 11A to any Transferee which shall have made the same agreement as the Purchasers have made in this paragraph 11A.

  • Other Payments and Benefits On any termination of employment, including, without limitation, termination due to the Employee’s death or Disability (as defined in Section 10) or for Cause, the Employee shall receive any accrued but unpaid salary, reimbursement of any business or other expenses incurred prior to termination of employment but for which the Employee had not received reimbursement, and any other rights, compensation and/or benefits as may be due the Employee in accordance with the terms and provisions of any agreements, plans or programs of the Company (but in no event shall the Employee be entitled to duplicative rights, compensation and/or benefits).

  • Forbearance Any forbearance by Xxxxxx in exercising any right or remedy under this Note, the Security Instrument, or any other Loan Document or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of that or any other right or remedy. The acceptance by Lender of any payment after the due date of such payment, or in an amount which is less than the required payment, shall not be a waiver of Lender's right to require prompt payment when due of all other payments or to exercise any right or remedy with respect to any failure to make prompt payment. Enforcement by Lender of any security for Borrower's obligations under this Note shall not constitute an election by Xxxxxx of remedies so as to preclude the exercise of any other right or remedy available to Lender.

  • Obligation to Make Payments Any Interconnection Party's obligation to make payments for services shall not be suspended by Force Majeure.

  • Release on Payment in Full Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of the Note and this Agreement, release the Lien of the Pledge Agreement on the Collateral.

  • Limitation on Payments and Benefits Notwithstanding any provision of this Agreement to the contrary, if any amount or benefit to be paid or provided under this Agreement would be an “Excess Parachute Payment,” within the meaning of Section 280G of the Code, but for the application of this sentence, then the payments and benefits to be paid or provided under this Agreement shall be reduced to the minimum extent necessary (but in no event to less than zero) so that no portion of any such payment or benefit, as so reduced, constitutes an Excess Parachute Payment; provided, however, that the foregoing reduction shall be made only if and to the extent that such reduction would result in an increase in the aggregate payment and benefits to be provided, determined on an after-tax basis (taking into account the excise tax imposed pursuant to Section 4999 of the Code, any tax imposed by any comparable provision of state law, and any applicable federal, state and local income and employment taxes). Whether requested by the Executive or the Company, the determination of whether any reduction in such payments or benefits to be provided under this Agreement or otherwise is required pursuant to the preceding sentence shall be made at the expense of the Company by the Company’s independent accountant. The fact that the Executive’s right to payments or benefits may be reduced by reason of the limitations contained in this Section 9.3 shall not of itself limit or otherwise affect any other rights of the Executive other than pursuant to this Agreement. In the event that any payment or benefit intended to be provided under this Agreement or otherwise is required to be reduced pursuant to this Section 9.3, cash Severance Benefits payable hereunder shall be reduced first, then other cash payments that qualify as Excess Parachute Payments payable to the Executive, then non-cash benefits shall be reduced, as determined by the Company.

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