Payment of Base Deferred Purchase Price Sample Clauses

Payment of Base Deferred Purchase Price. On the first Business Day of each of the one hundred and eight (108) consecutive calendar months commencing with the calendar month immediately following the Closing Date, Buyer shall pay the amount set forth in column B of the table in Exhibit D directly opposite the applicable month in column A thereof to a special escrow account (each such payment, a “Base Deferred Purchase Price Installment” and all such payments totaling $250,000,000, the “Base Deferred Purchase Price”) established on behalf of Sellers under the Escrow Agreement, by wire transfer of immediately available funds to a bank account designated by Escrow Agent under the Escrow Agreement. Each Base Deferred Purchase Price Installment shall be held for the benefit of Sellers in accordance with their respective interests, if any, in the escrow fund being held by Escrow Agent under the Escrow Agreement and shall be distributed as provided in the Escrow Agreement. Any payment due by Buyer under this Section 1.1(e) shall be the joint and several liability and obligation of Buyer and Worldspan. Any payment under this Section 1.1(e) that is due on a non-Business Day shall be due on the next Business Day.
Sample 1
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Related to Payment of Base Deferred Purchase Price

  • Deferred Purchase Price On each Business Day on and after the Final Payout Date, the Servicer, on behalf of the Agent, shall pay to the SPV an amount equal to the Collections of Receivables received by the SPV less the accrued and unpaid Servicing Fee (and the SPV (or the Servicer on its behalf) shall apply such Collections in the manner described in Section 2.14).

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

  • Payment of Repurchase Price The Repurchase Price shall be payable, at the option of the Company or its assignee(s), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Participant to the Company, or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within sixty (60) days after exercise of the Repurchase Option.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Principal Payment Dates Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows:

  • Payment of Repurchase Prices and Substitution Shortfall Amounts The Issuer hereby directs and the Depositor hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • Optional Repurchase Series Termination 36 Section 7.01. ...............................

  • Payment of the Purchase Price The Purchase Price shall be paid as follows:

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