Payment of Second Instalment Sample Clauses

Payment of Second Instalment. Subject to the Sellers' having complied with Clause 8.1 (Initial conditions precedent), the Buyers shall pay the Second Instalment to the Sellers within seven (7) Business Days of the date of this Agreement.
Sample 1Sample 2
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Payment of Second Instalment. 3.1 The Buyer shall cause the Second Instalment (together with the amount of interest calculated in accordance with paragraph 3.2 below) to be paid by an electronic funds transfer to the PowerGen Account within a period of twenty eight (28) days from the date that the Actual IPC Authorisation is issued (whether by way of new issue or a variation to any IPC Authorisation held by PowerGen at the date hereof). 3.2 Interest, calculated at the rate of one (1) per cent. above the base rate of HSBC Bank, shall be payable by the Buyer on the amount of the Second Instalment actually payable in accordance with paragraph 3.1 of this Part 2 of Schedule 1A (if any) and shall accrue from the Completion Date to the due date in accordance with paragraph 3.1 above. If the Buyer fails to pay any amounts due to PowerGen pursuant to the foregoing and paragraph 3.1, the Buyer shall pay interest on such amounts from the due date to the date of actual payment at the rate of three (3) per cent. above the base rate of HSBC Bank (net of any applicable taxes) as well after as before judgment.
Sample 1
Payment of Second Instalment. 3.1 Subject to paragraph 1.4 of this Part 2 of Schedule 1, the Buyer shall cause the Second Instalment (together with the amount of interest calculated in accordance with paragraph 3.2 below) to be paid by an electronic funds transfer to the PowerGen Account within a period of twenty eight (28) days from the date that the Actual IPC Authorisation is issued (whether by way of new issue or a variation to any IPC Authorisation held by PowerGen at the date hereof). 3.2 Interest, calculated at the rate of one (1) per cent. above the base rate of HSBC Bank, shall be payable (net of any applicable taxes) on the amount of the Second Instalment actually payable in accordance with paragraph 3.1 of this Part 2 of Schedule 1 (if any) and shall accrue from the Completion Date to the due date in accordance with paragraph 3.1 above. If the Buyer fails to pay any amounts due to PowerGen pursuant to the foregoing and paragraph 3.1, the Buyer shall pay interest on such amounts from the due date to the date of actual payment at the rate of three (3) per cent. above the base rate of HSBC Bank (net of any applicable taxes) as well after as before judgment.
Sample 1

Related to Payment of Second Instalment

  • Payment of Secured Obligations Grantor will pay and perform or cause to be paid and performed the Secured Obligations according to the tenor thereof and all other sums now or hereafter secured hereby as the same shall become due.

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Loan Payment Payments of principal, interest, and Late Charges (as defined in the Note) shall be made as provided in the Note.

  • Payment of Severance Subject to Section 7.13, any severance payments pursuant to Section 5.05(a) shall be paid commencing on the 60th day following the Termination Date (with a lump sum catch-up payment for any installments otherwise payable within 60 days following the Termination Date) and in accordance with the Company’s standard payroll schedule and practices.

  • Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.

  • 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.

  • 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 Subject to the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered Holder thereof by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised, or, in the case of a Warrant represented by a book-entry, the Warrants to be exercised (the “Book-Entry Warrants”) on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by the Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”) any Ordinary Shares pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance with the Depositary’s procedures, and (iii) the payment in full of the Warrant Price for each Ordinary Share as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Ordinary Shares and the issuance of such Ordinary Shares, as follows: (a) in lawful money of the United States, in good certified check or good bank draft payable to the order of the Warrant Agent; (b) [Reserved]; (c) with respect to any Private Placement Warrant, so long as such Private Placement Warrant is held by the Sponsor or a Permitted Transferee, by surrendering the Warrants for that number of Ordinary Shares equal to (i) if in connection with a redemption of Private Placement Warrants pursuant to Section 6.2 hereof, as provided in Section 6.2 hereof with respect to a Make-Whole Exercise and (ii) in all other scenarios the quotient obtained by dividing (x) the product of the number of Ordinary Shares underlying the Warrants, multiplied by the excess of the “Sponsor Exercise Fair Market Value” (as defined in this subsection 3.3.1(c)) less the Warrant Price by (y) the Sponsor Exercise Fair Market Value. Solely for purposes of this subsection 3.3.1(c), the “Sponsor Fair Market Value” shall mean the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent;

  • Repayment of Securities Securities of any series subject to repayment in whole or in part at the option of the Holders thereof will, unless otherwise provided in the terms of such Securities, be repaid at a price equal to the principal amount thereof, together with interest (if any) thereon accrued to the Repayment Date specified in or pursuant to the terms of such Securities. The Company covenants that, with respect to such Securities, on or before the Repayment Date it will deposit with a Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 3.01 for the Securities of such series and except, if applicable, as provided in Sections 3.12(b), 3.12(d) and 3.12(e)) sufficient to pay the principal (or, if so provided by the terms of the Securities of any series, a percentage of the principal) of and (except if the Repayment Date shall be an Interest Payment Date) accrued interest (if any) on, all the Securities or portions thereof, as the case may be, to be repaid on such date.

  • Payment of Securities 42 SECTION 4.02.

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