Payment of Deferred Fees Sample Clauses

Payment of Deferred Fees. County will invoice District for all deferred payment fees due and owing (including applicable expenses and charges) monthly in arrears. District shall issue payment for any and all invoiced deferred disposal fees to be received by County no later than thirty (30) days after the date of the invoice. In the event that District's payment is not received by County within thirty (30) days of the invoice date, District shall be liable to County for an administrative charge equal to one and one-half percent (1½ %) of such payment. In the event District fails, or refuses, to make such payment plus such administrative charge within thirty five (35) days after the date of such invoice, the County may, at its sole discretion a) terminate the Privilege and this Agreement and draw from the Security Deposit the amount due and owing the County, b) draw from the Security Deposit the amount due and owing the County, or c) upon a showing of good cause by the District, the Director may allow District additional time to make the invoiced payment, which could include temporarily closing the deferred account until such payment is received. To the extent District fails to timely pay invoiced fees, in addition to the administrative charge, County may charge District the actual costs of County’s fee collection efforts.
Sample 1
AutoNDA by SimpleDocs
Payment of Deferred Fees. Intentionally deleted.
Sample 1
Payment of Deferred Fees. The account balance shall be paid in a lump sum payment to Raclin (or, in the event of her death, to her beneficiary) upon the earlier of the date designated by her written election or the termination of the consulting relationship under Paragraph 6. In accordance with procedures prescribed by 1ST Source, Raclin may designate as beneficiary the person or persons, including a trustee, to receive the balance of her account in the event of her death. If no beneficiary has been designated or if no designated beneficiary survives Raclin, her beneficiary shall be her estate.
Sample 1
Payment of Deferred Fees. Provided that the Unfunded Escrow has been reduced to zero Dollars and there is not then outstanding any Default, the Deferred Fees may be paid from time to time from (a) Loans made available due to any incremental increase in the Revolving Credit Limit or the Term Loan Limit from and after the date hereof in accordance with the definitions of such terms, or (b) the proceeds of the issuance by CHC after the date hereof of convertible preferred Capital Stock. Provided that there is not then outstanding any Default, and provided further that making such payment will not cause a breach of Section 10.15, interest accruing on the Deferred Fees, at a rate, and upon terms, that are commercially reasonable, may be paid from funds generated from the Borrowers’ operations that are available from time to time.
Sample 1
Payment of Deferred Fees. (a) Except as provided in subparagraph (b) below, no payment to Director of amounts standing to his credit in the Deferred Compensation Account shall be commenced until the end of the quarter beginning January 1st of the first year following the year Director's Term expires. Provided Director is then living, the Bank shall then pay in cash to Director, in the manner and for the period elected by Director as set forth in Exhibit A, an amount equal to the amount standing to Director's credit in the Deferred Compensation Account, and shall decrease the Deferred Compensation Account by an amount equal to each such payment when made. Director shall have the right to amend the election in Exhibit A at any time prior to commencement of payment.
Sample 1

Related to Payment of Deferred Fees

  • Payment of Deferred Compensation Any compensation that has been earned by the Executive but is unpaid as of the Termination Date, including any compensation that has been earned but deferred pursuant to the Company's Deferred Compensation Plan or otherwise, shall be paid in full to the Executive on the Termination Date.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Payment of Amounts The Death Benefit payable on the death of the Owner, or after the death of the first Owner, or upon the death of the spouse who continues the Contract, will be distributed to the designated Beneficiary(s) as follows:

  • Payment of Bonuses The Bonus payable to an Executive for any Fiscal Year shall be paid in accordance with the following provisions:

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Payment of Bonus Within fifteen (15) days of such termination, the Company shall pay to the Executive his Target Bonus pursuant to Section 3(b), prorated for the number of days of employment completed by the Executive during the year in which his employment terminated.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Payment of Dividend Equivalents With respect to each of the RSUs covered by this Agreement, Grantee shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per Common Share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending either on the date on which Grantee receives payment for the RSUs pursuant to Section 6 hereof or at the time when the RSUs are forfeited in accordance with Section 5 of this Agreement. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be paid at the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) as the RSUs for which the dividend equivalents were credited.

  • Deferred Sales Charge If the prospectus related to the Trust specifies a deferred sales charge, the Trustee shall, on the dates specified in and as permitted by such Prospectus (the "Deferred Sales Charge Payment Dates"), withdraw from the Capital Account, an amount per Unit specified in such Prospectus and credit such amount to a special non-Trust account designated by the Depositor out of which the deferred sales charge will be distributed to or on the order of the Depositor on such Deferred Sales Charge Payment Dates (the "Deferred Sales Charge Account"). If the balance in the Capital Account is insufficient to make such withdrawal, the Trustee shall, as directed by the Depositor, advance funds in an amount required to fund the proposed withdrawal and be entitled to reimbursement of such advance upon the deposit of additional monies in the Capital Account, and/or sell Securities and credit the proceeds thereof to the Deferred Sales Charge Account, provided, however, that the aggregate amount advanced by the Trustee at any time for payment of the deferred sales charge shall not exceed $15,000. Such direction shall, if the Trustee is directed to sell a Security, identify the Security to be sold and include instructions as to the execution of such sale. In the absence of such direction by the Depositor, the Trustee shall sell Securities sufficient to pay the deferred sales charge (and any unreimbursed advance then outstanding) in full, and shall select Securities to be sold in such manner as will maintain (to the extent practicable) the relative proportion of number of shares of each Security then held. The proceeds of such sales, less any amounts paid to the Trustee in reimbursement of its advances, shall be credited to the Deferred Sales Charge Account. If a Unit holder redeems Units prior to full payment of the deferred sales charge, the Trustee shall, if so provided in the related Prospectus and, except for situations in which the Trust Fund Evaluation determined as provided in Section 5.01 hereof has been reduced by the amount of any unpaid accrued deferred sales charge, on the Redemption Date, withhold from the Redemption Price payable to such Unit holder an amount equal to the unpaid portion of the deferred sales charge and distribute such amount to the Deferred Sales Charge Account. If the Trust is terminated for reasons other than that set forth in Section 6.01(g), the Trustee shall, if so provided in the related Prospectus on the termination of the Trust, withhold from the proceeds payable to Unit holders an amount equal to the unpaid portion of the deferred sales charge and distribute such amount to the Deferred Sales Charge Account. If the Trust is terminated pursuant to Section 6.01(g), the Trustee shall not withhold from the proceeds payable to Unit holders any amounts of unpaid deferred sales charges. If pursuant to Section 5.02 hereof, the Depositor shall purchase a Unit tendered for redemption prior to the payment in full of the deferred sales charge due on the tendered Unit, the Depositor shall pay to the Unit holder the amount specified under Section 5.02, which amount, except for situations in which the Trust Fund Evaluation determined as provided in Section 5.01 hereof has been reduced by the amount of any unpaid accrued deferred sales charge, shall be reduced by the unpaid portion of the deferred sales charge. All advances made by the Trustee pursuant to this Section shall be secured by a lien on the Trust prior to the interest of the Unit holders. If the related Prospectus provides that the deferred sales charge shall accrue on a daily basis, the "unpaid portion of the deferred sales charge" as used in this paragraph shall mean the accrued and unpaid deferred sales charge as of the date of redemption or termination, as appropriate. The Depositor represents that the price paid by any Unit holder for Units acquired through reinvestment of Trust distributions will be reduced by the aggregate amount of unpaid deferred sales charge at the time of the purchase to off set any subsequent collection by the Depositor of deferred sales charge in respect of the Units so acquired."

Time is Money Join Law Insider Premium to draft better contracts faster.