PARTIAL PAYMENTS OF THE STIPULATED AMOUNT Sample Clauses

PARTIAL PAYMENTS OF THE STIPULATED AMOUNT. On the Initial Interest Payment Date, EDISON shall also pay to SELLER ten (10) % of the Stipulated Amount (the "Initial Partial Payment"). Additionally, on the Second Partial Payment Date, as defined in this Section 3.2.3, EDISON shall make another payment to SELLER equal to ten (10) % of the Stipulated Amount (the "Second Partial Payment"
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PARTIAL PAYMENTS OF THE STIPULATED AMOUNT. 3.2.3.1 On the Initial Interest Payment Date, EDISON shall also pay to SELLER ten percent (10 %) of the Stipulated Amount (the "Initial Partial Payment"). 3.2.3.2 Except as provided in Section 3.2.3.3, EDISON shall not be required to make any partial payments of the Stipulated Amount other than the Initial Partial Payment; provided, however, that nothing herein shall preclude EDISON from, at any time, electing to make partial payments of the Stipulated Amount that are in addition to those required under Section 3.2.3.1, and those, if any, made pursuant to Section 3.2.3.3. 3.2.3.3 During the Partial Payment Period, as defined below, EDISON shall make a further partial payment or payments, as applicable, of the Stipulated Amount to SELLER if (i) Commission Approval, as defined in Section 4.1.1 of Amendment No. 1 to this Agreement (hereinafter, the "Amendment") has been either obtained or waived by EDISON, and (ii) EDISON makes a payment of Specified Indebtedness (as defined in Schedule I to the Amendment) that, together with all other payments, if any, of Specified Indebtedness during the Partial Payment Period, exceeds $100 million (the "Partial Payment Threshold"). EDISON shall make any partial payment of the Stipulated Amount required to be made to SELLER under this Section 3.2.3.3 within five (5) business days after the later of (a) if Commission Approval of the Amendment has already been obtained or waived, the date on which any payment of Specified Indebtedness is made that causes the Partial Payment Threshold to be exceeded or (b) if a payment of Specified Indebtedness that has caused the Partial Payment Threshold to be exceeded has previously occurred, the date on which Commission Approval of the Amendment has been obtained or waived by EDISON. The amount of any payment required to be made to SELLER as specified above in this Section 3.2.
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Related to PARTIAL PAYMENTS OF THE STIPULATED AMOUNT

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Partial payments (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.

  • Partial Payment If in any distribution described in Section 4(a) above the assets of the Issuer or proceeds thereof are not sufficient to pay in full the amounts payable with respect to all outstanding shares of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution, holders of Designated Preferred Stock and the holders of such other stock shall share ratably in any such distribution in proportion to the full respective distributions to which they are entitled.

  • Payments Reductions of Commitments Prepayments 73 2.5. Promise to Pay; Promissory Notes. 78

  • Initial Payments An initial payment of Zero ($ 0.00 ) shall be made upon execution of this Agreement and is the minimum payment under this Agreement. It shall be credited to the Owner’s account in the final invoice.

  • 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

  • BID; INITIAL PAYMENT The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0 % and an Asset premium (discount) bid of $(22,300,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

  • Final Payment A. Upon final completion and acceptance of the Work in accordance with Paragraph 15.06 of the General Conditions, Owner shall pay the remainder of the Contract Price as recommended by Engineer as provided in said Paragraph 15.06.

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.