Notice and Time of Payment Sample Clauses

Notice and Time of Payment. Except as provided in Section 5.3(b) below, to the extent that one Party (the "Paying Party") owes an amount to another Party ("Recipient Party") pursuant to this Agreement or Section 4.1 of the Reorganization Agreement, the Recipient Party shall notify the Paying Party and shall provide the Paying Party with its calculations of such amount owed. The Paying Party shall pay the amount shown in such notice no later than fifteen (15) days after receiving the notice, unless the Paying Party disagrees with such amount, in which case the Parties agree to reasonably negotiate any difference. If such difference cannot be reasonably negotiated within thirty (30) days after the Recipient Party indicates its disagreement, then the Parties shall submit the disagreement to an independent public accounting firm following the procedure set forth in Section 4.3. Any Party receiving a refund of Pre-Closing Taxes shall, within fifteen (15) days of receipt, notify any other Party that may be entitled to all or a portion of the refund and provide a calculation of such other Party's share of the refund. Such other Party shall notify the first Party within fifteen (15) days of receiving such notice and calculation of its agreement or disagreement with such calculation of its share of the refund. If the Parties cannot reasonably negotiate the allocation of the refund, the Parties shall submit the disagreement to an independent public accounting firm following the procedure set forth in Section 4.3. Any refund or portion thereof that is paid to another Party more than thirty (30) days after receipt by a Party shall bear interest as set forth in Section 5.5.
Sample 1
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Notice and Time of Payment. To the extent that one Party (the “Paying Party”) owes an amount to another Party (the “Recipient Party”) pursuant to this Agreement, the Recipient Party shall notify the Paying Party and shall provide the Paying Party with its calculations of such amounts owed. The Paying Party shall pay the amount shown in such notice no later than ten (10) days after receiving the notice, unless the Paying Party disagrees with such amount, in which case the Parties agree to negotiate in good faith to resolve any difference. If such difference cannot be resolved within thirty (30) days after the Recipient Party indicates its disagreement, then the Parties shall submit the disagreement to an independent public accounting firm following the procedure set forth in Section 8.3. Any amount owing to another Party pursuant to this Agreement shall be deemed made when received by such other party. Any payment that is not made when due shall bear interest at a rate equal to Prime for each day until paid. Where there is a provision in this Agreement that provides for a different and specific payment schedule than the payment schedule provided in this Section 5.1, the more specific payment schedule shall apply.
Sample 1

Related to Notice and Time of Payment

  • Manner and Time of Payment All payments by Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

  • Time of Payment Any Gross-Up Payment provided for herein shall be paid not later than the 30th day following the payment of any compensation or the provision of any benefit which causes such payment to be made; provided, however, that if the amount of such payment cannot be finally determined on or before such day, the Company shall pay on such day an estimate of the minimum amount of such payment and shall pay the remainder of such payment (together with interest calculated in a manner similar to that described in Subparagraph (b)) as soon as the amount thereof can be determined. In the event that the amount of an estimated payment exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by the Company to the Executive, payable on the 30th day after demand by the Company (together with interest calculated in a manner similar to that described in Subparagraph (b)).

  • Form and Time of Payment of RSUs (a) Payment for the RSUs, after and to the extent they have become nonforfeitable, shall be made in the form of shares of Common Stock. Except as provided in Section 5(b) or 5(c), payment shall be made within 10 days following the date that the RSUs become nonforfeitable pursuant to Section 4 hereof.

  • Time of Payments Provided that the conditions of paragraph 7 (relating to waiver and release) have been satisfied, payments pursuant to subparagraphs 4(a) and 4(b) shall be paid no later than March 15th of the calendar year following the calendar year in which the Executive’s Termination Date occurs or at such earlier date as may apply in accordance with the following:

  • Date of Payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.

  • Mode of Payment All payments to be made under this Agreement shall be made in U.S. Dollars and shall be paid by electronic transfer in immediately available funds to such bank account in the United States as is designated in writing by TPTX. All payments shall be free and clear of any transfer fees or charges.

  • Terms of Payment The Loan shall be payable as follows:

  • Time and Place of Payments Unless otherwise expressly provided herein, the Borrower shall make all payments pursuant to this agreement or pursuant to any document, instrument or agreement delivered pursuant hereto by deposit to the Designated Account before 12:00 noon (Toronto time) on the day specified for payment and the Administrative Agent shall be entitled to withdraw the amount of any payment due to the Administrative Agent or the Lenders hereunder from such account on the day specified for payment.

  • Delay of Payment when Payment Date is Not a Business Day If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

  • Method and Place of Payment (a) Except as otherwise specifically provided herein, all payments and prepayments under this Agreement and the Note shall be made to Lender not later than 2:00 p.m., New York City time, on the date when due and shall be made in lawful money of the United States of America in immediately available funds at Lender’s office or at such other place as Lender shall from time to time designate, and any funds received by Lender after such time shall, for all purposes hereof, be deemed to have been paid on the next succeeding Business Day.

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