Initial Consideration. On the Effective Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.
Initial Consideration. To the extent not already reflected in the calculation of Final Section B Premium, as part of the Section B (Prospective) Coverage Period premiums described in Section 4.02, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.
Initial Consideration. You shall receive, in addition to all regular compensation for services as described in this Section 2 and the severance and benefits provided under Section 4 and Section 5, $10,000.00 as additional consideration for signing this Agreement and for agreeing to abide and be bound by the terms, provisions and restrictions of Section 6. You understand and acknowledge that you have been properly and timely informed of the type, amount and terms of such consideration and that you would not be entitled to such consideration, and that such consideration would not be paid, if you did not execute and agree to be bound by the provisions of this Agreement.
Initial Consideration. The parties hereto agree that Principal Receipts received by the Mortgages Trustee from Funding in payment of a Further Contribution in accordance with Clause 4 (Consideration) on any date on which Funding increases the Funding Share of the Trust Property shall be allocable and payable by the Mortgages Trustee to the Seller (in its capacity as a Beneficiary of the Mortgages Trust) as an Initial Consideration on such date whether or not such date is a Distribution Date. Any such Initial Consideration shall reduce the Seller Share of the Trust Property by the amount of the Initial Consideration.
Initial Consideration. (a) In consideration for the Xxxxx Entities entering into this Agreement, Comcast agrees that, on the date that the Xxxxx Entities pledge the Pledged Shares (as defined herein) pursuant to Section 9(e) hereof, it will deposit with International $50,000,000 in cash (the "Initial Consideration") by wire transfer of immediately available funds to a bank account designated by International. The parties acknowledge and agree that the Initial Consideration, together with interest thereon, shall be a credit against the aggregate Purchase Price (as such term is defined in the Option Agreements) required to be paid upon the closing of the purchase and sale of all of the Optioned Shares, as more fully described in the Option Agreements.
(b) In the event that this Agreement is terminated for any reason other than pursuant to Section 16(c) hereof or the Closing fails to occur on the Closing Date for any reason other than as set forth in Section 16(c), the Xxxxx Entities agree to pay to Comcast, upon delivery by any Xxxxx Entity of any notice of termination or upon demand by Comcast, an amount equal to the Initial Consideration plus interest calculated at the Applicable Rate from the date the Initial Consideration is deposited with the Xxxxx Entities to and including the date the Xxxxx Entities repay such Initial Consideration. "Applicable Rate" means an interest rate per annum at which deposits in United States dollars appears on page 3750 (or any successor page thereto) of the Dow Xxxxx Telerate Screen for a ninety day period, plus 1/2%. The Applicable Rate for any period shall be determined as of the date the Initial Consideration is deposited with the Xxxxx Entities, and shall be adjusted quarterly on the first business day of each January, April, July and October through the date the Xxxxx Entities repay the Initial Consideration (or the Initial Consideration is credited against the Purchase Price payable in respect of the Optioned Shares pursuant to the Option Agreements).
Initial Consideration. Upon the terms and subject to the conditions set forth in this Agreement, in reliance on the representations, warranties, covenants and agreements of Seller contained herein, the consideration payable to Seller for the Share Purchase shall be an amount of (i) Three Million Four Hundred Fifty Thousand Australian dollars ($3,450,000 AUD), which will be paid by Buyer at Closing (the “Cash Consideration”); plus (ii) Three Million Five Hundred Seventy One Thousand Four Hundred and Twenty-Eight (3,571,428) shares of the Common Stock of Buyer (the “Equity Consideration”) (collectively, the “Purchase Price”).
Initial Consideration. In consideration of RE/MAX JAPAN entering into this Agreement and granting the rights hereunder, Regional Franchisee shall pay RE/MAX JAPAN an initial fee in the amount of Sixty Million Japanese Yen (JPN¥60,000,000.-) which sum is due and payable by bank wire transfer upon execution of this Agreement by Regional Franchisee.
Initial Consideration. As consideration, in part, for the Purchased Assets, Ampio shall pay to VIB, in the aggregate, Two Million US Dollars (US$2,000,000) (the “Initial Consideration”), which amount shall be non-refundable and non-creditable against other payments due under this Agreement and which amount shall be payable within five (5) calendar days of the date on which VIB has completed the transfer to Ampio of the Samples and the Tramadol Know-How identified as “essential” in the Technology Transfer Plan, in accordance with the terms of this Agreement.
Initial Consideration. The Ceding Company will pay the Reinsurer an Initial Consideration equal to the quota share, as defined in Schedule A, of the Account Value on all annuities reinsured under this Agreement, calculated as of the Effective Date of this Agreement.
Initial Consideration. Centurion and EXXI agree that the initial consideration (“Initial Consideration”) to be paid by EXXI to Centurion simultaneously with execution of this Agreement for the transactions contemplated herein shall be $2,381,667, the receipt of which is hereby acknowledged by Centurion. Said Initial Consideration represents EXXI’s share of the total costs, expenses and fees set forth on the detailed invoice attached hereto and made a part hereof as Exhibit “F”, such Initial Consideration comprised of the sum of the following separate items:
(i) fifty percent (50%) of $2,838,334 being the actual costs for the acquisition and maintenance of the Leasehold Assets, including but not limited to lease bonuses, option bonuses, rentals, brokerage, title work, bank fees and miscellaneous expenses, through December 31, 2006;
(ii) fifty percent (50%) of $800,000 being the actual and/or allocated costs of the acquisition and/or reprocessing of geological and geophysical data associated with the Gridiron AMI through December 31, 2006;
(iii) fifty percent (50%) of $525,000 being prospect generation fees (“Prospect Fees”) based on $75,000 per each of the seven (7) Prospects as defined below in Section 3.01; and
(iv) the sum of $300,000 as additional consideration for reimbursement of expended general and administrative overhead.
