Payment Advances Sample Clauses

Payment Advances. (a) Generally, advances are not allowed. However, if extenuating circumstances exist, the OHMVR Division may consider granting an advance. To request an advance, the Grantee shall submit to the OHMVR Division an Advance Justification Request (New 1/19) and Payment Request DPR 364 (new 2019) (refer to Appendix, incorporated by reference) to explain the need for the advance. The OHMVR Division will provide written notification to the Grantee of approval/disapproval for the advance. Requests for an advance typically may not be more than half the total amount of the Grant and shall include a summary list of proposed Project expenditures. The sum of the proposed Project expenditures shall match the amount indicated on the Payment Request form. (b) Subsequent requests for advances shall document how previous advance funds were expended as follows: (1) Purchases: paid invoices and/or receipts, (2) Services: paid invoices and/or receipts, (3) Timekeeping and equipment logs: transaction register or other electronically generated reports, (4) Training and travel: paid invoices and/or receipts,
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Payment Advances. 17.5.1 Where payment advances are to be made by the Owner to the Contractor in respect of the Work, the conditions of payment and repayment, if applicable, shall be as set out in Paragraph 18.11 and it shall be stated therein whether the payment is to be made to the Contractor upon proof of expenditure.
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Payment Advances. Payment advances (Paragraph 17.5) and conditions of payment & repayment (including any required proof of Contractor s expenditure) shall be as follows:
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Payment Advances. ‌ (a) Generally, advances are not allowed. However, if extenuating circumstances exist, the OHMVR Division may consider granting an advance. To request an advance, the Grantee shall submit to the OHMVR Division an Advance Justification Request (New 1/19) and Payment Request DPR 364 (new 2019) (refer to Appendix, incorporated by reference) to explain the need for the advance. The OHMVR Division will provide written notification to the Grantee of approval/disapproval for the advance. Requests for an advance typically may not be more than half the total amount of the Grant and shall include a summary list of proposed Project expenditures. The sum of the proposed Project expenditures shall match the amount indicated on the Payment Request form. (b) Subsequent requests for advances shall document how previous advance funds were expended as follows: (1) Purchases: paid invoices and/or receipts, (2) Services: paid invoices and/or receipts, (3) Timekeeping and equipment logs: transaction register or other electronically generated reports, (4) Training and travel: paid invoices and/or receipts, (5) A Project Accomplishment Report (refer to Appendix, incorporated by reference), (6) GPS coordinates and photos of Project areas where activities were conducted, as applicable, and (7) Maps and/or any electronic data (such as .shp, .gpx or .kml files) of Project areas where activities were conducted, as applicable. Note: Authority cited: Sections 5001.5 and 5003, Public Resources Code. Reference: Sections 5090.32 and 5090.50, Public Resources Code.
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Payment Advances. Innolog shall pay to uKarma an amount equal to $525,000 (“Cash Payment”). The parties acknowledge that $475,000 of the Cash Payment has already been paid to uKarma as a non-refundable deposit; all of which has been paid to uKarma by GCC prior to the date of this Agreement. The remaining $50,000 of the Cash Payment shall be due and payable from Innolog to uKarma’s subsidiary Amazing Living, Inc. (“ALI”) upon the Closing pursuant to the Escrow Agreement (of which ALI will immediately transfer $25,000 to Xxxxxxxxxx & Xxxxx LLP). Innolog shall also pay Xxxxxxxxxx & Xxxxx LLP $25,000 through an escrow amounts pursuant to the Escrow Agreement. An extra $12,500 has been advanced by Innolog to uKarma prior to execution of this Agreement to pay accounting and other associated charges for the Company’s Form 10-Q for the quarter ended June 30, 2010. If Xxxxxxx and Associates, LLP bills uKarma for an additional $11,500 in order to add financial projections of Innolog into uKarma’s 10-Q, then such amount would also be immediately due and payable to uKarma. In addition, legal expenses related to the Company’s 10-Q shall be paid directly to Xxxxxxxxxx & Xxxxx by Innolog. If the Closing has not occurred by August 15, 2010, Innolog and uKarma may negotiate (at each party’s sole discretion) to extend the date of the Closing but only if Innolog and uKarma also negotiate payment of additional interim advances prior to the Closing. At Closing, the remaining portion of the Cash Payment, will be delivered via wire transfer by Innolog to uKarma to a wire account designated in writing by uKarma’s Chief Executive Officer. After the Closing, Innolog shall pay for the other out-of-pocket costs associated with Company’s Form 10-Q, including without limitation, legal costs.
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Payment Advances. GCC shall pay to uKarma an amount equal to $475,000 (“Cash Payment”) which shall be due on or prior to Closing. The parties acknowledge that $175,000 of the Cash Payment has already been paid to uKarma as a non-refundable deposit. $100,000 of the Cash Payment shall be due and payable from GCC to uKarma on or before December 31, 2009. GCC shall pay uKarma an additional $100,000 of the Cash Payment on or before January 30, 2010 and an additional $100,000 on or before the later of (i) March 31, 2010 or (ii) the date that uKarma files its Form 10-K for the fiscal year ended December 31, 2009. GCC shall also pay uKarma for all reasonable costs associated with uKarma’s Form 10-K filing for the year ended December 31, 2009, including all legal, accounting, transfer agent, and XXXXX filing agent costs. All payments of the Cash Payment shall be delivered via wire transfer by GCC to uKarma to a wire account designated in writing by uKarma’s Chief Executive Officer. 4. Section 5.7 is hereby modified to read as follows:
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Payment Advances. Publisher will pay no advance to the Author, but instead will contribute to the joint venture in terms of work and the costs of book production, exclusive of any add-on costs incurred by the Author’s choice of outside cover artists, private editors, etc.
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Payment Advances. GCC shall pay to uKarma an amount equal to $275,000 (“Cash Payment”). The parties acknowledge that $75,000 of the Cash Payment has already been paid to uKarma as a non-refundable deposit. $25,000 of the Cash Payment shall be due and payable from GCC to uKarma upon the date of the execution of this Agreement as a second non-refundable deposit toward the Cash Payment. An extra $11,000 shall be due and payable on the date of this Agreement as an advance to pay accounting charges for the Company’s Form 10-Q. GCC shall pay uKarma an additional $25,000 of the Cash Payment on or before October 22, 2009 and an additional $25,000 on or before October 29, 2009. If the Closing has not occurred by November 5, 2009, GCC and uKarma shall negotiate payment of additional interim advances prior to the Closing. . At Closing, The remaining portion of the Cash Payment, if any, will be delivered via wire transfer by GCC to uKarma to a wire account designated in writing by uKarma’s Chief Executive Officer. After the Closing, GCC shall pay for the other out-of-pocket costs associated with Company’s Form 10-Q, including without limitation, legal costs of underwriter cost
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Payment Advances. 5.1 Licensee shall pay to Licensor the Advances as by wire remittance to the bank account of licensor as described in Schedule 4. In a timely manner prior to any such payment, Licensor shall deliver to Licensee an appropriate invoice. 5.2 The Advances shall be treated as an advance payment of the Royalties and shall be credited against the first Royalties which are to be paid by Licensee to Licensor until the Advances have been recouped in full. Royalties 5.3 In relation to each copy of the Product sold by Licensee, Licensee agrees to pay Licensor the Royalties by wire remittance to the bank account of licensor as set out in Schedule 4. No Royalty or other compensation shall be payable by Licensee to Licensor with respect to (i) Product units used for promotional purposes or furnished free to the trade, press or for public relations use and provide the description such free use for a revenue statement under clause 5.5;
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Related to Payment Advances

  • Subsequent Advances The obligation of FINOVA to make any advance shall be subject to the further conditions precedent that, on and as of the date of such advance: (a) the representations and warranties of Borrower set forth in this Agreement shall be accurate, before and after giving effect to such advance or issuance and to the application of any proceeds thereof; (b) no Event of Default and no event which, with notice or passage of time or both, would constitute an Event of Default has occurred and is continuing, or would result from such advance or issuance or from the application of any proceeds thereof; (c) no material adverse change has occurred in the Borrower's business, operations, financial condition, in the condition of the Collateral, or other assets of Borrower or in the prospect of repayment of the Obligations; and (d) FINOVA shall have received such other approvals, opinions or documents as FINOVA shall reasonably request.

  • Equipment Advances (i) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make Equipment Advances to Borrower. Borrower may request Equipment Advances at any time during the Draw Period, provided that the initial Equipment Advance shall not exceed One Million Five Hundred Thousand Dollars ($1,500,000) (the “Initial Equipment Advance”). The aggregate outstanding amount of Equipment Advances shall not exceed the Equipment Line. Each Equipment Advance shall not exceed sixty percent (60%) of the invoice amount of equipment and software listed in that certain Machinery and Equipment 2013 Projection delivered to Bank on or about the Closing Date (which Borrower shall, in any case, have purchased, (i) with respect to the Initial Equipment Advance, within one hundred eighty (180) days and (ii) with respect to all subsequent Equipment Advances, within ninety (90) days, of the date of the corresponding Equipment Advance), excluding taxes, shipping, warranty charges, freight discounts and installation expense. Each Equipment Advance must be in an amount equal to the lesser of One Hundred Fifty Thousand Dollars ($150,000) or the amount that has not yet been drawn under the Equipment Line. (ii) Interest shall accrue from the date of each Equipment Advance at the rate specified in Section 2.3(a), and shall be payable in accordance with Section 2.3(c). Any Equipment Advances that are outstanding on June 30, 2013 shall be payable in twenty seven (27) equal monthly installments of principal, plus all accrued interest, beginning on July 1, 2013, and continuing on the same day of each month thereafter through the Equipment Maturity Date. Any Equipment Advances made by Bank after June 30, 2013 shall immediately amortize and be payable in equal monthly installments of principal, plus all accrued interest, beginning on the first (1st) day of the month immediately following such Equipment Advance and continuing on the same day of each month thereafter through the Equipment Maturity Date, at which time all amounts due in connection with the Equipment Advances made under this Section 2.1(b) shall be immediately due and payable. Equipment Advances, once repaid, may not be reborrowed. Except as set forth in the Pricing Addendum, Borrower may prepay the Equipment Advances prior to the Equipment Maturity Date, provided that on the date of such prepayment Borrower shall, (i) prepay all but not less than all of the Equipment Advances and (ii) in connection with such prepayment, pay to the Bank to the Prepayment Fee, if applicable. (iii) When Borrower desires to obtain an Equipment Advance, Borrower shall notify Bank (which notice shall be irrevocable) by facsimile transmission to be received no later than 3:00 p.m. Pacific time three (3) Business Days before the day on which the Equipment Advance is to be made. Such notice shall be substantially in the form of Exhibit C. The notice shall be signed by a Responsible Officer or its designee and include a copy of the invoice for any Equipment to be financed. Bank shall be entitled to rely on any facsimile notice given by a person who Bank reasonably believes to be a Responsible Officer or a designee thereof, and Borrower shall indemnify and hold Bank harmless for any damages or loss suffered by Bank as a result of such reliance.” 2. Section 2.1(c) of the Agreement hereby is amended and restated in its entirety to read as follows:

  • Agent Advances (i) Subject to the limitations set forth below, the Agent is authorized by the Borrower and the Revolving Credit Lenders, from time to time in the Agent’s sole discretion, upon notice to the Revolving Credit Lenders, (A) after the occurrence of a Default or an Event of Default, or (B) at any time that any of the other conditions precedent set forth in Article IX have not been satisfied, to make Base Rate Loans to the Borrower on behalf of the Lenders in an aggregate principal amount outstanding at any time not to exceed 10% of the Borrowing Base (provided that the making of any such Loan does not cause the Aggregate Revolver Outstandings to exceed the Maximum Revolver Amount) which the Agent, in its good faith judgment, deems necessary or desirable (1) to preserve or protect the Collateral, or any portion thereof, (2) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations (including through Base Rate Loans for the purpose of enabling Holdings and its Subsidiaries to meet their payroll and associated Tax obligations), and/or (3) to pay any other amount chargeable to the Borrower pursuant to the terms of this Agreement, including costs, fees and expenses as described in Section 14.7 (any of such advances are herein referred to as “Agent Advances”); provided, that the Required Lenders may at any time revoke the Agent’s authorization to make Agent Advances. Any such revocation must be in writing and shall become effective prospectively upon the Agent’s receipt thereof. (ii) The Agent Advances shall be secured by the Collateral Agent’s Liens in and to the Collateral and shall constitute Base Rate Loans and Obligations hereunder.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to one percent (1.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.

  • Repayment of Participation Advances 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for the account of the Issuing Lender of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Issuing Lender under such a Letter of Credit, the Administrative Agent on behalf of the Issuing Lender will pay to each Lender, in the same funds as those received by the Administrative Agent, the amount of such Lender’s Ratable Share of such funds, except the Administrative Agent shall retain for the account of the Issuing Lender the amount of the Ratable Share of such funds of any Lender that did not make a Participation Advance in respect of such payment by the Issuing Lender. 2.9.4.2 If the Administrative Agent is required at any time to return to any Loan Party, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any portion of any payment made by any Loan Party to the Administrative Agent for the account of the Issuing Lender pursuant to this Section in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Lender shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent for the account of the Issuing Lender the amount of its Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Lender to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time.

  • Additional Advances Each Lender will, on each of April 15, 2017, May 15, 2017 and June 15, 2017 (each, together with the Closing Date, shall be deemed to be an “Installment Date”), deliver the amount of such Lender’s Pro Rata Share of Two Million Dollars ($2,000,000) (each such advance, together with the advances delivered on the Closing Date, an “Advance”), by check payable to the Company or by wire transfer to a bank account designated by the Company, provided that each Lender’s obligation to fund each Advance is subject to the Lender’s receipt from the Company of a written notice (the “Funding Notice”), substantially in the form attached hereto as Exhibit E, of the Company’s election to borrow such Advance at least five (5) Business Days prior to the date of such Advance (it being understood that neither Lender shall have an obligation to make the Advance to which such notice relates if the Company has failed to timely provide such Funding Notice to such Lender, unless waived by such Lender. In addition, no Lender shall be required make an Advance to the Company (i) on an Installment Date occurring after April 30, 2017 if the Company has not completed its first Public Offering on or prior to Xxxxx 00, 0000, (xx) if either Xxxx Xxxxxxxxx or Xxxx Xxxxxxxxx no longer serves as an executive officer the Company as of the applicable Installment Date, or (iii) if an Event of Default has occurred and is continuing, provided that notwithstanding clauses (i) through (iii) above, each Lender may, in its sole discretion, elect to make such Advance to the Company upon receipt of the Funding Notice (to the extent not otherwise waived) as set forth above. If any Lender fails to make an Advance (pursuant to a Funding Notice validly given by the Company hereunder) on an Installment Date (a “Defaulting Lender”) occurring on (a) April 15, 2017 as required pursuant to this Section 1.4, such Defaulting Lender shall not be entitled to receive any Installment Shares or Warrants to which it would otherwise be entitled to on such Installment Date pursuant to Sections 2.1 and 2.2, and seventy-five percent (75%) of the Upfront Shares issued to Lender shall be cancelled and forfeited automatically, without any action required on the part of the Defaulting Lender, or (b) May 15, 2017 or June 15, 2017 as required pursuant to this Section 1.4, such Defaulting Lender shall not be entitled to receive any Installment Shares or Warrants to which it would otherwise be entitled to on such Installment Date pursuant to Sections 2.1 and 2.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

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