INITIAL INSTALLMENT Sample Clauses

INITIAL INSTALLMENT. Simultaneously with the execution of this Lease, Tenant has paid to Landlord, and Landlord hereby acknowledges the receipt of, the Initial Installment. Such sum shall be applied by Landlord to the first monthly installment(s) of Base Rental as they become due hereunder. In the event Tenant fails to take possession of the Premises in accordance with all the terms hereof, such sum shall be retained by Landlord for application in reduction, but not in satisfaction, of damages suffered by Landlord as a result of such breach by Tenant.
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INITIAL INSTALLMENT. In the event the Company elects to pay for Option Shares hereunder on an installment basis, all annual installments shall be equal in principal amount except as follows: (A) The initial installment for any such sale of Option Shares, other than a sale occurring by reason of Michael's death, Dismissal For Cause or breach of any of the provisions of Section 2.2 or Section 2.3, shall be not less than the amount, if any, of Michael's additional income tax liability (federal, state and local) actually occasioned as a result of such sale, provided that such amount shall have been certified to the Company in writing by Michael's tax accountant. (B) The initial installment for the first sale of shares of Class A Stock that Michxxx xxxes under this Agreement or the Stockholders' Agreement, other than a sale occurring by reason of Michael's death, Dismissal For Cause or breach of any of the provisions of Section 2.2 or Section 2.3, shall be at least (1) the amount due under clause (A) above plus the amount of one million dollars ($1,000,000) or (2) if less, the total purchase price for such Option Shares. (C) The initial installment for any sale of Option Shares occurring by reason of Michael's death shall be not less than the amount of the estate and succession tax liability (federal and state) occasioned as a result of the inclusion of the Option Shares in Michael's estate (giving effect to any deferral permitted by law or regulation in the payment thereof) together with any and all costs and expenses of administration of Michael's estate as reasonably estimated by Michael's representative, all as certified to the Company in writing by Michael's representative.
Sample 1
INITIAL INSTALLMENT. The initial installment of the Fee shall be paid on the Closing Date and the number of shares to be delivered to the Investor shall be equal to the quotient of $93,750 divided by the Closing Bid Price on the Closing Date.
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INITIAL INSTALLMENT. At the Initial Closing (defined below), the Company shall deliver or cause to be delivered to the Investors 20,000,000 shares of Common Stock, and the Investors shall deliver or cause to be delivered to the Company by wire transfer to an account designated in writing by the Company prior to the Initial Closing US$5,000,000. The closing on this initial sale and purchase (the “Initial Closing”) shall take place at the offices of Xxxxxxx, Xxxxx & Xxxxxxx, 000 Xxxxx Xxxx Xxxxxx, Xxxxx 0000, Xxxx Xxxx Xxxx, Xxxx 00000 (i) at 1:00 p.m. local time on July 10, 2009, or (ii) at such other time and place or on such date as the Investors and the Company may agree upon (the “Initial Closing Date”).
Sample 1
INITIAL INSTALLMENT. Subsequent to Closing, Buyer shall pay to Seller an initial installment of the Purchase Price in the amount of One Hundred Thousand Dollars ($100,000). To facilitate Buyer's payment of such initial installment, (a) at the Closing, Seller shall deliver to Buyer a schedule of creditors, to be attached to this Agreement as Exhibit "C", identifying each creditor and setting forth the amount of and basis for each payment to be made by Seller and (b) subsequent to the Closing, Seller shall, in good faith, proceed to pay such creditors. Seller agrees that for the first 60 days after Closing, the funds provided in this section shall be used solely for the purpose of payment to Seller's creditors. Any balance remaining thereafter may be disbursed at the discretion of Seller.
Sample 1
INITIAL INSTALLMENT. In the event the Company elects to pay for Restricted Shares hereunder on an installment basis, all annual installments shall be equal in principal amount except as follows: (A) The initial installment for any such sale of Restricted Shares, other than a sale occurring by reason of Dan's death, Dismissal For Cause or breach of any of the provisions of Section 1.2 or Section 1.3, shall be not less than the amount, if any, of Dan's additional income tax liability (federal, state and local) actually occasioned as a result of such sale, provided that such amount shall have been certified to the Company in writing by Dan's tax accountant. (B) The initial installment for the first sale of shares of Class A Stock that Dan xxxes under this Agreement or the Option Agreement, other than a sale (C) The initial installment for any sale of Restricted Shares occurring by reason of Dan's death shall be not less than the amount of the estate and succession tax liability (federal and state) occasioned as a result of the inclusion of the Restricted Shares in Dan's estate (giving effect to any deferral permitted by law or regulation in the payment thereof) together with any and all costs and expenses of administration of Dan's estate as reasonably estimated by Dan's representative, all as certified to the Company in writing by Dan's representative.
Sample 1
INITIAL INSTALLMENT. In the event the Company elects to pay for Option Shares hereunder on an installment basis, all annual installments shall be equal in principal amount except as follows: (A) The initial installment for any such sale of Option Shares, other than a sale occurring by reason of Dan's death, Dismissal For Cause or breach of any of the provisions of Section 2.2 or Section 2.3, shall be not less than the amount, if any, of Dan's additional income tax liability (federal, state and local) actually occasioned as a result of such sale, provided that such amount shall have been certified to the Company in writing by Dan's tax accountant. (B) The initial installment for the first sale of shares of Class A Stock that Dan xxxes under this Agreement or the Stockholders' Agreement, other than a sale occurring by
Sample 1
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INITIAL INSTALLMENT. In the event the Company elects to pay for Restricted Shares hereunder on an installment basis, all annual installments shall be equal in principal amount except as follows: (A) The initial installment for any such sale of Restricted Shares, other than a sale occurring by reason of Michael's death, Dismissal For Cause or breach of any of the provisions of Section 1.2 or Section 1.3, shall be not less than the amount, if any, of Michael's additional income tax liability (federal, state and local) actually occasioned as a result of such sale, provided that such amount shall have been certified to the Company in writing by Michael's tax accountant. (B) The initial installment for the first sale of shares of Class A Stock that Michxxx xxxes under this Agreement or the Option Agreement, other than a
Sample 1

Related to INITIAL INSTALLMENT

  • Payment of Final Installment The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on any of the Notes, which notice will be delivered no later than five days before that date, and the place where the Notes may be presented and surrendered for payment.

  • Treatment of Each Installment as a Separate Payment For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Installment Payments For purposes of Code Section 409A, Employee’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Initial Payment Interconnection Customer shall elect (and provide its election to the Transmission Provider within five days of the commencement of negotiation of the GIA pursuant to Section 11.2 of the GIP) to make either 1) an initial payment equal to twenty

  • Term Commencement Date The date that the Premises are Ready For Occupancy (as defined in Exhibit D attached hereto), which Term Commencement Date is anticipated to be August 1, 2015. In the event Landlord fails to deliver the Premises to Tenant with the Tenant Improvements Substantially Complete on or before November 1, 2015 ("First Outside Date") as such First Outside Date shall be extended due to Force Majeure delays and Tenant Delays, Tenant will be entitled to one day of free Monthly Base Rent, to be applied after the Term Commencement Date, for each day after such First Outside Date that the Premises are not delivered to Tenant as required hereunder. In the event fails to deliver the Premises to Tenant with the Tenant Improvements Substantially Complete on or before December 1, 2015 ("Second Outside Date"), as such Second Outside Date shall be deemed extended due to Force Majeure delays and Tenant Delays, Tenant may terminate this Lease by delivery of written notice to Landlord no later than that date which is five (5) business days after such Second Outside Date, in which case Landlord will immediately refund all amounts paid by Tenant pursuant to this Lease and Tenant shall have no further obligations to Landlord pursuant to this Lease except for those obligations which expressly survive the expiration or sooner termination of this Lease.

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one)

  • Anniversary Date A regular employee’s initial date of current employment with the Employer as a regular employee shall be her anniversary date for the purpose of determining benefits and for the purpose of determining increment anniversary date. (Reference Article 6.05 - Superior Benefits and Article 12.03 - Increments).

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

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