Payment of $105,000 Sample Clauses

Payment of $105,000. Subject to all of the terms of this Agreement, Gxxxxxxx shall pay to NyacAU, Bear Leasing, and/or Dx. Xxxxx an aggregate sum of one hundred and five thousand and no/100 dollars ($105,000) in the following proportions: $105,000 to NyacAU (collectively, the $105,000 Payment). The $105,000 Payment shall be immediately due to NyacAU, Bear Leasing, and/or Dx. Xxxxx upon the execution of this agreement; however, payment must be made no later than 30 days after the execution of said agreement. The $105,000 Payment reflects the resolution of all sums owed, and which could have been determined to be owed, by and between the Parties, in the Arbitration (at least two monetary awards from which have been reduced to judgment), the Enforcement Action, or any other proceeding which could have been initiated by any Party prior to the Effective Date including, without limitation, claims made or which could have been by any of the Parties against the natural, individual persons also named in the Arbitration. Among other things, the $105,000 Payment fully resolves all outstanding issues in the Arbitration and in the Enforcement Action, including, without limitation, Arbitration awards and orders and all court-entered judgments. All Parties shall sign stipulations to dismiss both the Arbitration and the Enforcement Action with prejudice, subject to the provisions set forth below in Sections 8 and 9 of this Agreement. Upon tender of the $105,000 Payment, those Parties which are judgment creditors in the Enforcement Action, including, without limitation, Dx. Xxxxx, shall execute satisfactions of all judgments entered in the Enforcement Action for simultaneous filing with the stipulation to dismiss the Enforcement Action described in Section 9, below. Similarly, all judgment creditors in the Enforcement Action shall execute so many original releases of judgment liens for the benefit of the corresponding judgment debtors to release all judgment liens in all jurisdictions, counties, and recording districts in which any judgment entered in the Enforcement Action was recorded. Importantly, however, in the event that the $105,000 Payment is not made within thirty (30) days of the execution of this Agreement by all Parties, unless additional time for making the $105,000 Payment is agreed to in writing and signed by all Parties, this Agreement shall become null and void in its entirety ab initio and no provision herein shall have any legal effect or consequence whatsoever. If this Agre...
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Related to Payment of $105,000

  • Payment of normal interest Subject to the provisions of this Agreement, interest on the Loan in respect of each Interest Period shall be paid by the Borrower on the last day of that Interest Period.

  • Payment of Wages The Borrower and each of its Subsidiaries are in compliance with the Fair Labor Standards Act, as amended, in all material respects, and to the knowledge of the Borrower and each of its Subsidiaries, such Persons have paid all minimum and overtime wages required by law to be paid to their respective employees.

  • Payment of Note Punctually pay or cause to be paid the principal of, interest on and all other amounts payable hereunder and under the Note in accordance with the terms thereof.

  • Non-Duplication of Payment or Benefits For purposes of clarity, in the event of a Qualifying Pre-CIC Termination, any severance payments and benefits to be provided to the Executive under Section 3(b) will be reduced by any amounts that already were provided to the Executive under Section 3(a). Notwithstanding any provision of this Agreement to the contrary, if the Executive is entitled to any cash severance, continued health coverage benefits, or vesting acceleration of any equity awards (other than under this Agreement) by operation of applicable law or under a plan, policy, contract, or arrangement sponsored by or to which any member of the Company Group is a party (“Other Benefits”), then the corresponding severance payments and benefits under this Agreement will be reduced by the amount of Other Benefits paid or provided to the Executive.

  • Manner and Treatment of Payments (a) Each payment hereunder (except payments pursuant to Sections 3.5, 3.6, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

  • Payment of Notes 45 Section 4.02 Maintenance of Office or Agency................................................................ 45 Section 4.03 Reports........................................................................................ 45 Section 4.04

  • Reports; Payment of Royalty During the Term following the First Commercial Sale of a Product, Merck shall furnish to Ambrx a quarterly written report for the Calendar Quarter showing the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory for use in the Field during the reporting period and the royalties payable under this Agreement. Reports shall be due on the [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Payment of Reimbursement Amount To effect the expense reimbursement provided for in this Agreement, the Fund may offset the appropriate Reimbursement Amount against the management fees, Rule 12b-1 fees and/or shareholder servicing fees payable under the Investment Management Agreement, Rule 12b-1 Plan and/or the Shareholder Servicing Agreement. Alternatively, the Reimbursement Amount shall be paid directly by IICO, IDI and/or WISC. Such offset shall be taken, or such direct payment shall be paid, two times per year within 30 days following the date of a Fund’s applicable semi-annual or annual reporting period.

  • Payment of Price The full exercise price for the portion of the Option being exercised shall be paid to the Company as provided below:

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