Payment of Money. If the Fund on behalf of a Portfolio requires the Custodian to take any action with respect to securities, which action involves the payment of money or which action may, in the opinion of the Custodian, result in the Custodian or its nominee assigned to the Fund or the Portfolio being liable for the payment of money or incurring liability of some other form, the Fund on behalf of the Portfolio, as a prerequisite to requiring the Custodian to take such action, shall provide indemnity to the Custodian in an amount and form satisfactory to it.
Payment of Money. The Assignor shall, upon delivery from the Security Trustee of an Acceleration Notice, ensure that all money payable to, or other property receivable by, the Assignor under or in relation to any Assigned Rights is paid or delivered to, or to the order of, the Security Trustee (or that the Assignor pays over or delivers such amounts to the, or to the order of, Security Trustee) to be applied in accordance with the Bond Documentation.
Payment of Money. With respect to all sums deducted by the District for membership dues or agency fees, the District agrees to remit such moneys promptly to the Association accompanied by an alphabetical list of unit members for whom such deductions have been made, and indicating any changes in personnel from the list previously furnished.
Payment of Money. Any Amounts Payable to the Lessor under this Lease must be paid to the Lessor at the address of the Lessor referred to in the Lease or as otherwise directed by the Lessor by Notice from time to time.
Payment of Money. Buyer shall have paid the cash portion of the Purchase Price to the Sellers as provided in Section 4.03.
Payment of Money. This Clause 23 does not affect a Party's obligation to make a payment to the other Party.
Payment of Money. The Issuer covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay or cause to be paid, upon exercise by a Holder of Securities of the series, redemption or repurchase, in each case in accordance with the terms of such Securities, the money payable by the Issuer upon such exercise, redemption or repurchase with respect to each of the Securities of such series so exercised, redeemed or repurchased (together with any additional amounts payable pursuant to the terms of such Securities) at the place or places, at the respective times and in the manner provided in such Securities and in this Indenture.
Payment of Money. Lessee's failure to pay any rent or other payments of money to be paid by Lessee, as herein provided, strictly within the time provided and in the amount required, for ten (10) days after receiving written notice that said payments are due;
Payment of Money. Buyer shall have paid the Deposit as provided in Section 4.01(a), the cash portion of the Purchase Price to the Seller as provided in Section 4.01(b), and delivered the note described in Section 4.01(c).
Payment of Money. In consideration for XxXxxxxx’x execution of this Agreement, dismissal of the XxXxxxxx Action and Cross-Complaint with prejudice, execution of the Stipulation of a Settlement attached hereto as Exhibit D, relinquishment of the Shares including all right and title in and to them, Accelerize will pay or cause to be paid to XxXxxxxx two million seven hundred thousand dollars ($2,700,000.00) (the “Settlement Sum”) in the form of a check made out to Xxxx XxXxxxxx in the amount of one million dollars ($1,000,000.00) (the “Initial Payment”), plus one million seven hundred thousand dollars ($1,700,000.00) payable in forty-eight (48) equal monthly payments (the “Installment Payments”). In the event, and only in the event, that Accelerize files or has filed against it a voluntary or involuntary petition under any bankruptcy or insolvency law, payment of all Installment Payments shall be secured pursuant to a pledge and grant of a security interest in all assets of Accelerize pursuant to the terms of a security agreement attached hereto as Exhibit A and other documents in support thereof (collectively, “Security Documents”). XxXxxxxx acknowledges and agrees that his security interest pursuant to the Security Documents and hereunder will at all times be subordinated to Accelerize’s two existing loan agreements with, respectively, SaaS Capital Funding II, LLC and Agility Capital II, LLC and any other financing, loan, indebtedness and/or security agreement which Accelerize may enter into after the date hereof with any Lender, as that term is defined in the Security Documents. Subject to the immediately following sentence, Accelerize will pay or cause to be paid the Initial Payment within thirty (30) days after its litigation counsel’s receipt of the original unlegended stock certificate representing the Shares, a copy of this Agreement executed by XxXxxxxx and signed by his counsel, any W-9 forms required by Accelerize, and the signed requests for dismissal with prejudice of XxXxxxxx’x entire Cross-Complaint and the entire XxXxxxxx Action described in paragraph 4 below, and signed Stipulation of a Settlement attached hereto as Exhibit D (together, the “Conditions Precedent”). Notwithstanding the foregoing, the Initial Payment shall not be due or paid prior to January 2, 2017. The Installment Payments shall be due on the first day of each month, and shall commence upon the later of (a) July 1, 2017 or (b) the satisfaction of the Conditions Precedent. The Settlement Sum s...
