Payment Related Provisions. (a) Invoices. Constellation shall send invoices to Genentech in accordance with this Section 6.3(a). Each invoice shall identify the trigger for the payment obligation and, unless otherwise requested by Licensee in writing, Constellation shall send invoices to Genentech at the address in the preamble of this Agreement, to the attention of Finance Manager, Business Development, M/S 53.
Payment Related Provisions. (a) Promptly after the Effective Time, Parent shall cause to be delivered to each record holder of Outstanding Common Units, according to a list of such record holders furnished by the Company to Paying Agent on or immediately after the Closing Date, (i) a letter of transmittal, which shall specify that delivery shall be effected, and risk of loss and title to the certificates representing Common Units shall pass, only upon delivery of such certificates to Paying Agent, and which letter shall be substantially in the form attached as Exhibit A (the "Letter of Transmittal") and (ii) instructions for effecting the surrender of such certificates in exchange for the consideration such Member has the right to receive pursuant to Section 2.6 and this Section 2.9, as applicable;
Payment Related Provisions. 1.1 Principal Sum. The Principal Sum is up to $1,110,000 (one million one hundred ten thousand) plus accrued and unpaid interest and any other fees. The Consideration is up to $1,000,000 (one million) payable by wire (there exists a $110,000 original issue discount (the “OID”)). The Lender shall pay $100,000 of Consideration upon closing of this Note as the Purchase Price under the Securities Purchase Agreement Document SPA-02132013 of even date herewith between the Borrower and the Lender. As set forth in the attached Funding Schedule, the Lender may pay up to an additional $900,000 of Consideration to the Borrower in such amounts and times as both Borrower and Lender may mutually agree. THE PRINCIPAL SUM DUE TO LENDER SHALL BE PRORATED BASED ON THE CONSIDERATION ACTUALLY PAID BY LENDER (PLUS AN APPROXIMATE 10% ORIGINAL ISSUE DISCOUNT THAT IS PRORATED BASED ON THE CONSIDERATION ACTUALLY PAID BY THE LENDER PLUS THE INTEREST RATE PLUS ANY ADDITIONAL FEES) SUCH THAT THE BORROWER IS ONLY REQUIRED TO REPAY THE AMOUNT FUNDED AND THE BORROWER IS NOT REQUIRED TO REPAY ANY UNFUNDED PORTION OF THIS NOTE. Following the $100,000 payment of Consideration at closing, the Principal Sum due to the Lender shall be $100,000 divided by 90% for the OID multiplied by 1.05% for the Interest Rate for an aggregate balance of $116,667.
Payment Related Provisions. DOCUMENT B-12172009b
Payment Related Provisions. 1.1 Loan Payment Schedule. While no principal or interest payments are required until the Maturity Date, unless otherwise adjusted by Writer with written notice to Holder, or unless otherwise prepaid as set forth above whereby prepayment is permitted at any time by payment of cash, or other mutually agreed and negotiated payment, or by surrender of the Convertible Promissory Note Document B-12172009b, or by surrender of the Collateral or Security related hereto; provided that all conversions are honored as set forth under Convertible Promissory Note Document B-12172009b and provided that Rule 144 is available to remove the restrictive legend from those shares obtained in those conversions and such that the shares effectively become immediately freely tradable, Writer will plan to make payments in total monthly amounts of $100,000 beginning 210 days from the execution of this agreement. Writer reserves the right to (1) make payments prior to 210 days from the execution of this agreement, and (2) to make payments in monthly amounts in excess of $100,000, and (3) to adjust this payment schedule and payment amounts with written notice to Holder. Please note: The $100, 000 figure is based on recent liquidity, and is subject to change based on change in liquidity.
Payment Related Provisions. (a) Promptly after the execution of this Agreement, the Company shall deliver:
Payment Related Provisions. (a) Invoices. PTI shall send invoices to Genentech for Milestone Payments after PTI receives a notice under Section 5.2(a) regarding the achievement of a Milestone Event. Each invoice shall refer to this Agreement and identify the trigger for the payment obligation and, unless otherwise requested by Genentech in writing, PTI shall send invoices to Genentech at the address in the preamble of this Agreement, to the attention of Alliance Manager, Pharma Partnering, M/S 53.
Payment Related Provisions
