Payment on Effective Date Sample Clauses

Payment on Effective Date. Upon execution of this Agreement, Gelesis, LLC shall initiate the payment to Academica of a non-refundable one-off signing fee of Sixty Thousand Euro (EUR 60,000) by wire transfer in immediately available funds to a bank account indicated to Gelesis, LLC by One Italy in writing.
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Payment on Effective Date. Subject to the terms and conditions contained in a subscription agreement to be entered into prior to the Effective Date between SkyTerra and Inmarsat, a form of which is set forth in Exhibit B1 (the “Subscription Agreement”), the Parties acknowledge and agree that on the Effective Date (or such later date as the Parties shall agree the Fair Market Value, or it shall be determined in accordance with Section 4.6) (the “First Issue Date”), SkyTerra will issue to Inmarsat, and Inmarsat will accept, a number of shares (the “Effective Date Shares”) of SkyTerra’s common stock, par value $0.01 per share (“SkyTerra Common Stock”), having an aggregate value of $31,250,000 based on the Fair Market Value of such stock as of the Effective Date (the “Effective Date Value”), such Fair Market Value being determined in accordance with Section 4.6 below, provided that with the agreement of Inmarsat, the MSV Parties may instead satisfy all or any part of such obligation by the payment of up to $31,250,000 in cash to Inmarsat. Notwithstanding the foregoing, in the event that the rules of any stock exchange or automatic quotation system on which SkyTerra Common Stock is then listed, traded or quoted specifically requires shareholder approval prior to the issuance of the Effective Date Shares, then SkyTerra shall (1) issue on the First Issue Date the maximum number of Effective Date Shares that can be issued without such shareholder approval, and (2) use its commercial best efforts to obtain all required shareholder approvals for the issue of the balance of the Effective Date Shares ( the “Effective Date Balance Shares”) as soon as reasonably practicable thereafter, and in the event that such shareholder approvals are forthcoming within ninety days following the First Issue Date, (3) issue the Effective Date Balance Shares promptly after the receipt of such shareholder approval and (4) in its absolute discretion elect instead of seeking the above shareholder approvals to pay Inmarsat (and shall, in the event that such shareholder approvals are not forthcoming after ninety days following the First Issue Date, pay Inmarsat) an amount in cash equal to the deemed value of the Effective Date Balance Shares (deeming the Effective Date Balance Shares to be valued on a per share value equal to the Effective Date Value). The Effective Date Shares shall be subject to a lockup arrangement which shall prohibit any sale, transfer, pledge or other conveyance of the Effective Date Shares for...
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Payment on Effective Date. On the day following the Effective Date, the Company shall pay the Executive $3,657,223, less all applicable withholding taxes. Such payment shall satisfy in full the Company’s obligation to make a payment of $3,657,223 on March 31, 2008 to the Executive under the Hawker Beechcraft Corporation Retention Program adopted by the Company as of the Effective Date in respect of the “SERP Benefit.”
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Payment on Effective Date. Subject to clause 4.2.5 (Dispute), any costs towards which any Grant Payment made on the Effective Date was applied, which are later determined under clause 4.2.3 (Notification of Pre-Approved Expenditure) not to constitute Pre-Approved Expenditure shall be repaid to the BBC in accordance with clause 9.1.4 (Recovery of Grant: Non-Capital Expenditure).
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Payment on Effective Date. In consideration for Landlord’s execution of this Agreement, Tenant hereby agrees to pay to Landlord on the Effective Date the amount of $37,445.00, which constitutes payment of Monthly Minimum Rent for the months of August 2009 ($13,722.50) and September 2009 ($13,722.50) and a fee of $10,000.
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Related to Payment on Effective Date

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows: (i) If District terminates this Contract for its convenience under Section 14(a) or 14(b), then District must pay Contractor for work performed before the termination date if and only if Contractor performed in accordance with this Contract. District shall not be liable for any direct, indirect, or consequential damages. Termination by District shall not constitute a waiver of any other claim District may have against Contractor. (ii) If Contractor terminates this Contract under Section 14(c) due to District’s breach, then District shall pay Contractor for work performed before the termination date if and only if Contractor performed in accordance with this Contract. (iii) If District terminates this Contract under Sections 14(c) or 14(d) due to Contractor’s breach, then District must pay Contractor for work performed before the termination date less any setoff to which District is entitled and if and only if Contractor performed such work in accordance with this Contract.

  • Payment on Termination If an employee is terminated after the end of a year of employment, the employee is deemed to have been given any untaken leave from the date of termination and shall be paid for that leave accordingly. The employee shall also be paid for any public holidays falling within the period of leave in addition to payment for the leave. If an employee is terminated before the end of a full year of employment, the employee shall be paid pro-rata annual leave based on the period of service.

  • Contract Effective Date This agreement becomes effective when signed by the last party whose signing makes the agreement fully executed.

  • Payment on Change of Control In the event that a Change of Control of the Company occurs while this Note remains outstanding, upon the written consent of the Majority Holders, the Company shall pay to the Holder at the closing of such Change of Control a cash amount equal to three (3) times the outstanding principal amount of such Note, together with all interest accrued thereon. A “Change of Control” means: (i) a merger or consolidation of the Company (or of a subsidiary of the Company) in which outstanding shares of the Company (or of a subsidiary of the Company) are exchanged for securities or other consideration issued, or caused to be issued, by the acquiring corporation or its subsidiary and after which the Company’s stockholders own less than 50% of the voting stock of the surviving company (other than a bona fide equity financing or a mere reincorporation transaction), (ii) a sale or other disposition of all or substantially all of the assets of the Company and its subsidiaries, taken as a whole, (iii) a transfer of more than 50% of the Company’s voting securities to any person or group of persons or (iv) any Deemed Liquidation Event, as such term is defined in the Company’s Certificate of Incorporation, as amended from time to time. For the avoidance of doubt, if this Note is converted pursuant to Section 2(b), Holder shall not be entitled to any payment pursuant to this Section 3.

  • Payment on Maturity Date Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Mortgage and the other Loan Documents.

  • Payment on non-Business Day If any payment by the Borrower under a Finance Document would otherwise fall due on a day which is not a Business Day: (a) the due date shall be extended to the next succeeding Business Day; or (b) if the next succeeding Business Day falls in the next calendar month, the due date shall be brought forward to the immediately preceding Business Day, and interest shall be payable during any extension under paragraph (a) at the rate payable on the original due date.

  • Initial Effective Date The initial effective date of coverage under the Group Insurance Program is the thirty-fifth (35th) day following the employee's first day of employment, re- hire, or reinstatement with the State. The initial effective date of coverage for an employee whose eligibility has changed is the date of the change. An employee must be actively at work on the initial effective date of coverage, except that an employee who is on paid leave on the date State-paid life insurance benefits increase is also entitled to the increased life insurance coverage. In no event shall an employee's dependent's coverage become effective before the employee's coverage. If an employee is not actively at work due to employee or dependent health status or medical disability, medical and dental coverage will still take effect. (Life and disability coverage will be delayed until the employee returns to work.)

  • Payment on Non-Business Days Whenever any payment to be made shall be due on a day which is not a Business Day, such payment may be due on the next succeeding Business Day.

  • Payment on Death If an employee dies who was entitled to accumulated annual leave under the provisions of this Article, the heirs of such deceased employee shall be paid an amount of money equal to the number of unused hours of annual leave earned or accrued multiplied by the hourly rate of such deceased employee.

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