Payment for Interest Clause Samples
Payment for Interest. 2.6.1 If the method to settle the interest of the loan hereunder is type No.(1), (3), (4), (5) as agreed in Article 2.5 herein, Party A shall deposit sufficient amount in advance in the account specified in Article 4.2.2 before each interest settlement date, and irrevocably authorize Party B to directly deduct interest from such account as scheduled; if Party A chooses other method to pay interest to Party B, it shall ensure the interest is transferred to the account on time.
2.6.2 If the method to settle the interest of the loan hereunder is type No.(2) as agreed in Article 2.5 herein, Party A shall deposit sufficient amount in advance in the account specified in Article 4.2.2 before the loan maturity date, and irrevocably authorize Party B to directly deduct principal plus interest of the loan from such account as scheduled; if Party A chooses other method to repay principal plus interest to Party B, it shall ensure the principal plus interest is transferred to the account on time.
Payment for Interest. (a) If any Physician Class D Member’s Interest and Units is purchased because of the occurrence of a Terminating Event, the amount the Company will pay for the Interest and Units owned by such Member shall be equal to the Fair Market Value Price as of the day on which the sixty (60) day exercise period began to run.
(b) If the Company purchases any former Physician Class D Member’s Interest and Units as a result of an Adverse Terminating Event, the amount to be paid by the Company to such former Physician Class D Member shall be equal to the greater of (i) the Investment Price or (ii) $100.00 per Class A Unit, as applicable.
(c) If the Company purchases any Physician Class D Member’s Interest and Units as provided in this Section 15.3, the Company shall pay any such amounts owed therefor to such Member or his, her or its successor in interest in a lump sum or, at the discretion of the Board of Managers, in up to twenty-four (24) equal monthly payments, with interest accruing at the Prime Rate on the unpaid principal balance. If the Board of Managers exercises its discretion to pay for Interest and Units in monthly installments, the first such installment will be paid to the Physician Class D Member, or his, her or its successor in interest on the first day of the month after thirty (30) days have expired since the Physician Class D Member’s Interest and Units have been purchased. Each subsequent installment shall be paid on the first day of each successive month until the full amount owed to the Physician Class D Member, or his, her or its successor in interest has been paid. The Company’s obligation to pay the Physician Class D Member in monthly installments under this Section 15.3 will be evidenced by a nonrecourse unsecured promissory note executed by the Company.
Payment for Interest. Party A agrees to pay for t principal, interests and charges listed on Notice on Expiration of Overseas Payment Business as interests of Overseas Payment businesses under This Agreement sent by Party B to overseas branches/ other banks once and for all before expiration date of Overseas Payment via Party B.
Payment for Interest. In payment for the Interest, Assignee will pay to Assignor the sum of One Million Eight Hundred Thirty-Seven Thousand Five Hundred and Seventy Five Dollars ($1,837,575.00), in cash or immediately available funds in the following manner: (a) Nine Hundred Thirty Seven Thousand Five Hundred Seventy-Five Dollars ($937,575) has been paid by Assignee to Assignor on the date hereof, and the receipt by Assignor of such amount is hereby acknowledged, and (b) Nine Hundred Thousand will be paid by Assignee to Assignor on April 3, 2006.
Payment for Interest. As payment in full for the Interest Buyer will pay to Seller at the Closing the sum of One Million Five Hundred Twenty Five Thousand ($1,525,000.00) United States Dollars, payable as follows:
(a) U.S. $300,000, payable at the Closing;
(b) $725,000, promissory note (“Promissory Note”) (in the form attached as Schedule 1.2(b), which shall bear interest at the rate of 12% per annum;
(c) U.S. $500,000 of CIGI common stock, based on the average of closing sale prices of CIGI common stock for the ten (10) trading days immediately prior to Closing; and