Payment Upon Expiration of Purchase Commitment Periods Sample Clauses

Payment Upon Expiration of Purchase Commitment Periods. In the event that SBC fails to fulfill the applicable portion of the Purchase Commitment during the First Purchase Period or the Second Purchase Period (each, a "Purchase Commitment Period"), SBC shall pay WilTel the unfulfilled amount (after accounting for the payments and credits referenced in Section 3.1.A, Section 3.1.B, Section 3.1.F and Section 3.1.G) of the applicable portion of the Purchase Commitment for such Purchase Commitment Period (such amount being a "Purchase Commitment Payment") in accordance with Section 3.1.E. Any Purchase Commitment Payment shall constitute a prepayment for Included Services to be provided during the remaining duration of the Term and, to the extent that any Purchase Commitment Payment or any portion thereof remains
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Payment Upon Expiration of Purchase Commitment Periods. In the event that Actual Cumulative Margin as of any CMC Measurement Date is less than the Cumulative Target for such CMC Measurement Date, AT&T shall pay the Partnership an amount equal to the shortfall (the “Make-whole” and each such shortfall payment being a “Credit,” and collectively the “Credits”). (For the avoidance of doubt, if the Actual Cumulative Margin exceeds the Cumulative Target as of any CMC Measurement Date, there shall be no Make-whole payment.) Any Credit shall constitute a prepayment for Services to be provided during the remainder of the Commitment Term in accordance with the terms hereof. Any Credit may be utilized during the next Purchase Commitment Period when the Actual Cumulative Margin plus any existing Credits during such period exceeds the Cumulative Target (the amount by which the Actual Cumulative Margin plus any existing Credits exceeds the Cumulative Target being an “Available Credit”). The amount of each Available Credit, if utilized as a payment for Services, shall be counted, dollar-for-dollar, and reduce the balance of the Credits. After all Credits, if any, have been completely offset, AT&T shall resume paying for Services provided by the Partnership. To the extent that any Credit or any portion thereof remains unused at the end of the Commitment Term and is an Available Credit as of the end of the Commitment Term, such Available Credit shall be used by AT&T or its Affiliates no later than June 30, 2011. Any Credit balance left as of June 30, 2011 shall be waived by AT&T and its Affiliates. (For the avoidance of doubt, an example of such calculation of Actual Cumulative Margin, along with related calculations, is attached hereto for illustrative purposes.)
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Related to Payment Upon Expiration of Purchase Commitment Periods

  • Term; Exercise Upon Expiration This warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the three-year period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until the third anniversary of the effective date of the Company’s initial public offering. If this warrant has not been exercised prior to the Expiration Date, this warrant shall be deemed to have been automatically exercised on the Expiration Date by “cashless” conversion pursuant to Section 1.2.

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Automatic Conversion upon Expiration In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be converted pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised or converted, and the Company shall promptly deliver a certificate representing the Shares (or such other securities) issued upon such conversion to Holder.

  • Term Automatic Cashless Exercise Upon Expiration 5.1.1 This Warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the 270-day period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until 270 days after the effective date of the Company’s initial public offering.

  • Rights Upon Expiration Neither party shall have any further rights or obligations upon the expiration of this Agreement upon its regularly scheduled expiration date with respect to this Agreement, other than the obligation of Licensee to make any and all reports and payments for the final quarter period. Provided, however, that upon such expiration, each party shall be required to continue to abide by its non-disclosure obligations as described in Section 7.1, and Licensee shall continue to abide by its obligation to indemnify Scripps as described in Section 4.3 and by its obligations under Section 6.2 hereof.

  • Term and Automatic Conversion Upon Expiration Subject to the provisions of Section 1.6 above, this Warrant is exercisable in whole or in part at any time and from time to time on or before 6:00 P.M. Pacific time, on the Expiration Date and shall be void thereafter.

  • Dissolution Upon Expiration Date Unless earlier dissolved, the Trust shall automatically dissolve on July 30, 2040 (the “Expiration Date”), and the Trust Property shall be liquidated in accordance with Section 9.4.

  • Optional Repurchase Series Termination 36 Section 7.01. ...............................

  • Automatic Cashless Exercise upon Expiration In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable time, deliver a certificate representing the Shares (or such other securities) issued upon such exercise to Holder.

  • Termination/Expiration Upon termination or expiration of this Lease, Tenant shall, at Tenant's cost, remove any equipment, improvements or storage facilities utilized in connection with any Hazardous Materials and shall clean up, detoxify, repair and otherwise restore the Premises to a condition free of Hazardous Materials, to the extent such condition is caused by Tenant or any assignee or subtenant of Tenant or their respective agents, contractors, employees, licensees or invitees.

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