Payment of Recapture Amount Sample Clauses

Payment of Recapture Amount. The Recapture Amount shall be due and payable to the COUNTY no later than sixty (60) days after COMPANY’s receipt of a written notice of Recapture Amount from the COUNTY.
Sample 1
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Payment of Recapture Amount. Following delivery of any Recapture Notice pursuant to SECTION 7.2, the Retrocedent shall deliver or cause to be delivered to the Retrocessionaire within thirty (30) Business Days after the Recapture Effective Time, a Subject Business Accounting Report for the Quarterly Accounting Period ended on the Recapture Effective Time, a Reserve Report for the Quarterly Accounting Period ended on the Recapture Effective Time. Within ten (10) Business Days after the finalization of such Subject Business Accounting Report and Reserve Report in accordance with Section 7.5, the Recapture Amount specified in the Subject Business Accounting Report shall be payable to the Retrocedent by the Retrocessionaire. The Funds Withheld Account Balance shall be reduced by an amount equal to balances due to the Retrocedent hereunder, which balances shall be treated as settled to that extent, with any remaining balance being paid from the SINT Trust Account. Following the payment of any such remaining balance, the SINT Trust Agreement shall be terminated in accordance with the provisions of the SINT Trust Agreement and the Retrocedent shall consent to the release to the Retrocessionaire of all amounts in the SINT Trust Account. The payment of the Recapture Amount upon recapture shall constitute a complete and final release of the Retrocessionaire and the Retrocedent in respect of any and all known and unknown present and future obligations or liability of any nature to the Retrocedent or the Retrocessionaire, respectively, under this Agreement.
Sample 1
Payment of Recapture Amount. Following any notice of recapture pursuant to Section 7.2, the Cedent shall deliver or cause to be delivered to the Reinsurer within thirty (30) Business Days after the Recapture Effective Time, a Terminal Accounting and Settlement Report. Within ten (10) Business Days after the finalization of such Terminal Accounting and Settlement Report pursuant to this Article VII, the Recapture Amount specified in the Terminal Accounting and Settlement Report shall be payable to the Cedent by the Reinsurer. The Funds Withheld Account Balance shall be reduced to settle balances due to the Cedent hereunder, with any remaining balance being paid by the Reinsurer to the Cedent by wire transfer of immediately available funds into an account designated by the Cedent. Following the payment of any such remaining balance, any Eligible Letters of Credit posted by the Reinsurer hereunder shall be returned by the Cedent to the Reinsurer. The payment of the Recapture Amount upon recapture shall constitute a complete and final release of the Reinsurer and the Cedent in respect of any and all known and unknown present and future obligations or liability of any nature to the Cedent or the Reinsurer, respectively, under this Agreement.
Sample 1
Payment of Recapture Amount. Owner shall promptly pay, when and if due pursuant to the Resale Restriction and Note, the Recapture Amount including the Excess Sales Proceeds and the Proportionate Share of Appreciation (all as defined in the Resale Restriction). Under the terms of the Note, the Note is not assumable by transferees of the Property, but is due in full upon any sale, assignment, or transfer.
Sample 1
Payment of Recapture Amount. Unless Pharmion has exercised its right to obtain Manufacturing rights as set forth in clause (b) below, Pharmion shall have the right and option, exercisable at any time within thirty (30) days following the occurrence of a Supply Interruption Event, by delivering written notice to Schering, to cause Schering to pay by wire transfer to a bank account designated by Pharmion that portion of the Recapture Amount as is calculated as set forth below: Period of Occurrence of Supply Interruption Event Percent of Recapture Amount --------------------------------------- --------------------------- Prior to 1st Anniversary of Inception Date 80% Between 1st Anniversary and 2nd Anniversary of Inception Date 70% Between 2nd Anniversary and 3rd Anniversary of Inception Date 60% Between 3rd Anniversary and 4th Anniversary of Inception Date 45% Between 4th Anniversary and 5th Anniversary of Inception Date 30% Between 5th Anniversary and 6th Anniversary of Inception Date 10% After 6th Anniversary of Inception Date 0% The payment to Pharmion of the percentage of the Recapture Amount shall be without prejudice to any other rights or remedies that Pharmion may have against Schering under German law under this Agreement, provided that Pharmion shall not be entitled to any duplicative recovery against Schering for damages based upon the same cause of action. Upon the payment to Pharmion of the percentage of the Recapture Amount as set forth above, this Agreement shall terminate and the provisions of Section 21 (Consequences of Termination) shall thereafter apply.
Sample 1
Payment of Recapture Amount. Unless Pharmion has exercised its right to obtain Manufacturing rights as set forth in clause (b) below, Pharmion shall have the right and option, exercisable at any time within thirty (30) days following the occurrence of a Supply Interruption Event, by delivering written notice to Schering, to cause Schering to pay by wire transfer to a bank account designated by Pharmion that portion of the Recapture Amount as is calculated as set forth below: The payment to Pharmion of the percentage of the Recapture Amount shall be without prejudice to any other rights or remedies that Pharmion may have against Schering under German law under this Agreement. Schering shall, however, not be liable to Pharmion for any indirect, incidental, special or consequential damages (including without limitation any damages arising from lost profits) arising in connection with any short fall or disruption of delivery of Product for which Pharmion had placed a Firm Order. Furthermore, Pharmion shall not be entitled to any duplicative recovery against Schering for damages based upon the same cause of action. Upon the payment to Pharmion of the percentage of the Recapture Amount as set forth above, this Agreement shall terminate and the provisions of Section 21 (Consequences of Termination) shall thereafter apply.
Sample 1

Related to Payment of Recapture Amount

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account. (2) Payment of the Settlement Amount shall be made by wire transfer. At least thirty (30) days prior to the Settlement Amount becoming due, Siskinds LLP will provide, in writing, the following information necessary to complete the wire transfers: name of bank, address of bank, ABA number, SWIFT number, name of beneficiary, beneficiary’s bank account number, beneficiary’s address, and bank contact details. (3) The Settlement Amount and other consideration to be provided in accordance with the terms of this Settlement Agreement shall be provided in full satisfaction of the Released Claims against the Releasees. (4) The Settlement Amount shall be all-inclusive of all amounts, including, without limitation, interest, costs, Class Counsel Fees and Class Counsel Disbursements. (5) The Releasees shall have no obligation to pay any amount in addition to the Settlement Amount, for any reason, pursuant to or in furtherance of this Settlement Agreement, the Proceedings, the Second Ontario Action, or any Other Actions. (6) Once a Claims Administrator has been appointed, Siskinds LLP shall transfer control of the Trust Account to the Claims Administrator. (7) Siskinds LLP and the Claims Administrator shall maintain the Trust Account as provided for in this Settlement Agreement. (8) Siskinds LLP and the Claims Administrator shall not pay out all or any part of the monies in the Trust Account, except in accordance with this Settlement Agreement, or in accordance with an order of the Courts obtained after notice to the Parties.

  • Termination for Non-Payment We may terminate this Agreement with immediate effect by giving written notice to you if you fail to pay any amount due under this Agreement on the due date for payment and remain in default not less than thirty

  • Refund or Payment upon Termination Upon any termination for cause by You, We shall refund You any prepaid fees covering the remainder of the term of all subscriptions after the effective date of termination. Upon any termination for cause by Us, You shall pay any unpaid fees covering the remainder of the term of all Order Forms after the effective date of termination. In no event shall any termination relieve You of the obligation to pay any fees payable to Us for the period prior to the effective date of termination.

  • Up-Front Payment At all times during the Effective Period other than those periods for which payment of all Billed Amounts is By Invoice, Customer shall maintain on file with 8x8 or the billing 8x8 Affiliate (as applicable) complete, accurate, and up-to-date information for at least one valid, working credit card or Customer account (sufficient to permit ACH withdrawals). Payment of all Billed Amounts – other than those for which 8x8 has agreed to payment By Invoice – shall be by charge to such credit card(s) or by ACH withdrawal from such account(s), at or near time of billing, and Customer hereby authorizes 8x8 to make such charges or withdrawals. Where payment is by such charge or withdrawal, (a) 8x8 shall post a statement of the Billed Amounts in the relevant account at or near the time of the first attempted charge or withdrawal and shall thereafter make commercially reasonable efforts to notify Customer by email and/or telephone if the charge or withdrawal is not successful and (b) Billed Amounts shall be due within fourteen (14) days of such posting.

  • Termination Fee (i) The Company shall pay to Parent the Termination Fee, by wire transfer of immediately available funds to an account or accounts designated in writing by Parent, within two (2) Business Days after demand by Parent, in the event that (A) this Agreement is terminated by Parent or the Company pursuant to Section 9.1(b) as a result of the failure to satisfy the Minimum Condition prior to such termination (provided, that (x) the condition to the Offer set forth in clause (A) of Annex A is satisfied at the time of such termination pursuant to Section 9.1(b), (y) the condition to the Offer set forth in clause (C)(1) of Annex A is satisfied at the time of such termination pursuant to Section 9.1(b), except where the failure to meet such condition arises out of or results from a Legal Proceeding brought by or on behalf of the Person who has made the bona fide Acquisition Proposal referred to in clause (B) below and (z) the right to terminate this Agreement pursuant to Section 9.1(b) is then available to Parent); (B) following the execution and delivery of this Agreement and prior to such termination of this Agreement, a bona fide Acquisition Proposal shall have been publicly announced or shall have become publicly disclosed and, in either case, shall not have been withdrawn or otherwise abandoned; and (C) within twelve (12) months following such termination of this Agreement, the Company enters into a definitive agreement with any Person (other than Parent, Acquisition Sub, or their Affiliates) with respect to an Acquisition Proposal or an Acquisition Proposal is consummated. For purposes of the foregoing, each reference to “25%” in the definition of “Acquisition Proposal” shall be deemed to be a reference to “50%”. (ii) In the event that this Agreement is terminated by the Company pursuant to Section 9.1(e), the Company shall pay to Parent the Termination Fee, within two (2) Business Days after demand by Parent, by wire transfer of immediately available funds to an account or accounts designated in writing by Parent. (iii) In the event that this Agreement is terminated by Parent pursuant to Section 9.1(f), the Company shall pay to Parent the Termination Fee, within two (2) Business Days after demand by Parent, by wire transfer of immediately available funds to an account or accounts designated in writing by Parent.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

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