Payment in instalments. If a Borrower Note is issued in relation to a LG Security that is an Amortising Security:
(a) the Principal Amount of the Borrower Note shall be repayable in instalments on each of the same dates (each an "instalment date") that a portion of the LG Redemption Amount of the related LG Security is repayable;
(b) the amount of the Principal Amount of the Borrower Note that is repayable on each instalment date shall be an amount that bears the same proportion to the Principal Amount as the amount of the LG Redemption Amount repayable on the instalment date bears to the LG Redemption Amount of the related LG Security; and
(c) unless the Issuer and the relevant Subscriber agree otherwise or the Issuer has ceased to be the holder of the corresponding LG Security and subject to clause 12.1, the Issuer's obligation to repay a portion of the Principal Amount of the Borrower Note on an instalment date automatically shall be set-off against the Subscriber's obligation to repay the portion of the LG Redemption Amount of the related LG Security on the instalment date.
Payment in instalments. 3.4.1 The Company may, at its sole discretion and subject to the terms of Clause 3.4.2, pay the Notice Payment in equal monthly instalments over a period of twelve months (the “Instalment Period”), the first instalment payable at the end of the month in which the Termination Date occurs.
3.4.2 If the Executive commences alternative employment during the Instalment Period then the gross instalments of Notice Payment payable after that date will be reduced by a sum equal to the gross amount of the Executive’s income from the alternative employment.
3.4.3 If the Executive obtains alternative employment that is to commence during the Instalment Period he will immediately advise the Company of that fact and of his gross monthly salary from that employment. If the Executive fails to comply with this obligation, then from the date the Executive commences alternative employment, the Executive shall have no further entitlement to any payment of Notice Payment.
Payment in instalments. 3.4.1 The Company may, at its sole discretion and subject to the terms of Clause 3.4.2, pay the Notice Payment in equal monthly instalments over a period of twelve months (the "Instalment Period"), the first instalment payable at the end of the month in which the Termination Date occurs.
3.4.2 If the Executive commences alternative employment during the Instalment Period, then the gross instalments of Notice Payment payable after that date will be reduced by a sum equal to the gross amount of the Executive's income from the alternative employment (but excluding any bonus, commission and share of profits).
3.4.3 If the Executive obtains alternative employment that is to commence during the Instalment Period, he will immediately advise the Company of that fact and of his gross monthly salary and other contractual benefits (but excluding any bonus, commission and share of profits) from that employment. If the Executive fails to comply with this obligation, then from the date the Executive commences alternative employment, the Executive shall have no further entitlement to any payment of Notice Payment.
Payment in instalments. 3.4.1 The Company may, at its sole discretion and subject to the terms of Clause 3.4.2, pay the Notice Payment in equal monthly instalments over a period of twelve months (the “Instalment Period”), the first instalment payable at the end of the month in which the Termination Date occurs.
3.4.2 If the Executive commences alternative employment during the Instalment Period then the gross instalments of Notice Payment payable after that date will be reduced by a sum equal to the gross amount of the Executive’s basic salary from the alternative employment.
3.4.3 If the Executive obtains alternative employment that is to commence during the Instalment Period she will immediately advise the Company of that fact and of her gross monthly salary from that employment. If the Executive fails to comply with this obligation, then from the date the Executive commences alternative employment, the Executive shall have no further entitlement to any payment of Notice Payment.
Payment in instalments. 1. If the parties have agreed to payment in instalments, payment shall be made in proportion to progress. Payment must be made no later than two weeks after receipt of the invoice.
2. The final invoice shall state the amounts already paid and the remaining balance.
3. If payment in instalments has been agreed and Xxxxxx fails to meet his obligations regarding the continuation of the work, the Client shall have the authority to suspend payment.
Payment in instalments. (a) The Company may, at its sole discretion and subject to the terms of Clause 4.4(b), pay the Notice Payment as follows: (i) 50 % of the Notice Payment will be made within 28 days after the Termination Date; and (ii) the remainder of the Notice Payment will be paid in equal monthly instalments over a period of six months (the “Instalment Period”), or such shorter period as the Company may determine in its discretion, the first instalment payable on the day that is 6 months after the Termination Date.
(b) If the Executive commences alternative employment during the Instalment Period then the gross instalments of Notice Payment payable after that date may at the Employer’s sole discretion be reduced by a sum equal to the gross amount of the Executive’s income (including salary, benefits and incentives) payable or accruing in respect of the alternative employment in the period from the start of that employment until the end of Instalment Period.
(c) If the Executive obtains alternative employment that is to commence during the Instalment Period she will immediately advise the Company of that fact and of her gross monthly salary, benefits and incentive arrangements from that employment. If the Executive fails to comply with this obligation, then from the date the Executive commences alternative employment, the Executive shall have no further entitlement to any payment of Notice Payment.
Payment in instalments. If at any time after Completion but before the relevant Payment Date, one or more transfers of assets and/or cash is made in respect of any of the Transferring Members from a Vendor Plan to the relevant Purchaser Plan on account of the relevant Transfer Amount (each such transfer being an INSTALMENT), then for the purposes of determining the amount of the Shortfall (if any) under paragraph 12 in respect of the relevant Transfer Amount, an amount equal to the aggregate of: Page 187 CONFORMED COPY - the amount of each instalment - MULTIPLIED BY (in the case of each separate instalment) the Local Timing Adjustment in respect of the period from the date that the instalment is paid to the Payment Date, shall be treated as having been transferred on the Payment Date. TRANSFERS TO A DEFINED CONTRIBUTION PURCHASER PLAN
Payment in instalments. In the event of payment in instalments, only valid for the purchase of determined products defined “Pack”, containing an undefined number of individual products as stated in Article 6, the Client will have to send, with methods as outlined in previous Article 5, a confirming xxxxxxx, as stipulated and visible on the e-shop page of the official Company website xxx.xxxxxxxxxx.xx, with the balance to be paid with the aforementioned method. The number and amount of each instalment is to be decided by the Client, but always within 12 (twelve) months from the date of purchase of the product sold. The total value of the “Pack” is equivalent to the total value of each individual product present, with reference to the Tuesday of the week following the accounting of the Company Bank account, from the last instalment paid in full by the Client;
Payment in instalments. If Insurer and Insured agree upon instalment payments, insurance premiums plus credit fees shall be paid as specified in the Schedule. Credit fees shall be calculated on the basis of the annual interest specified in the Schedule and will be paid during the period of insurance in equal and consecutive monthly payments not to exceed the number of months of insurance and provided that the last payment is not paid later than 21 days before the end of the period of insurance.
Payment in instalments. We may at our discretion as agreed in writing accept Payments in instalments upon such terms as we see fit.
