Payments and Term. 4.1 Without derogating from the provisions hereunder relating to Default and Conversion and the provisions of Section 8 of the Loan Agreement, the Loan shall be immediately repayable upon the occurrence of the earlier of the following events: (a) a merger of the Company or sale of all or substantially all of the shares or assets of the Company (unless the Lender elects to perform a Conversion) (a "Sale"), or (b) the third anniversary of receipt of the Principal Amount by the Company (the earlier to occur of the aforesaid, the "Repayment Date"). The Company shall provide ten (10) business days notice prior to any repayment, during which time the Lender may elect to perform a Conversion.
Payments and Term. Principal and interest shall be due and payable as follows:
Payments and Term. Benefits payable under the Program shall be made in equal monthly installments, shall be made for Naples’ life only, and shall terminate on the first day of the month following Naples’ death. Alternatively, Naples may elect prior to the Payment Commencement Date and in accordance with procedures established by the Committee, to receive benefits payable under the Program in the form of a joint and survivor annuity. Such joint and survivor annuity shall be the actuarial equivalent (hereinafter defined) of the benefit payable in the form of a single life annuity, shall be made in equal monthly installments during Naples’ lifetime, with a survivor annuity for the life of the spouse to whom Naples is married on the Payment Commencement Date. The survivor annuity shall be 50%, 75% or 100% (as elected by Naples prior to the Benefit Commencement Date) of the amount of the annuity payable during the joint lives of Naples and his spouse and shall be payable only if Naples’ spouse survives him. No benefit shall be payable hereunder in the event Naples dies prior to the Payment Commencement Date. To the extent benefits payable hereunder are paid through an insurance product, “actuarial equivalent” shall be determined under the terms of the insurance product; otherwise, “actuarial equivalent” shall have the meaning set forth in the Qualified Pension Plan (for purposes of converting one form of annuity to another form of annuity) as of the Payment Commencement Date. The payment of benefits under this Program shall commence on the latest of (a) the first day of the month subsequent to the termination of Naples’ employment with the Company, (b) the first day of the month subsequent to Naples’ attainment of age 60, or (c) the first day of any month as of which Naples’ elects to have deferred payment made in accordance with this Section 5 (the “Payment Commencement Date”). Naples may make an election to defer payment under this Section 5 provided: (i) such election is made at least 12 months prior to the date payment would have commenced absent a deferral election; and (ii) the additional deferral period is at least five years from the date payment would have commenced absent a deferral election. In the event payments hereunder commence on a date other than Naples’ Normal Retirement Date, no adjustment shall be made to the benefit payable hereunder to reflect the fact that the benefit is being paid before or after Naples’ Normal Retirement Date.
Payments and Term. GFC will deliver, install, and implement the Solutions in accordance with this Supplement. The Term of this Supplement begins after all Solution(s) subject to this Supplement have been installed and implemented (the “Term Commencement Date”). Upon completion of installation and implementation of all Solutions subject to this Supplement, GFC will provide you with your first invoice, which may include amounts due for the time any Solutions were installed and implemented prior to the Term Commencement Date, and prorated amounts for any partial monthly billing periods. Base Payments will be due and payable in advance on the same day of each month, unless otherwise provided herein or as invoiced by GFC, until the total number of Payments under this Supplement have been made, including any and all charges per image, at the applicable fee per image for each black & white or color image. This Supplement is non-cancellable by you for the Term stated above. Annually, GFC may increase the base payment, the fee per image for each image type, and the Charge per Image for Overage.
Payments and Term. Member agrees to pay the Total Due Today upon signing this Contract. It is Member’s responsibility to notify Company in writing of any changes in banking or credit card information used for automatic payments. Member agrees to pay a twenty-five ($25.00) dollar fee for insufficient funds or returned checks. Members agrees that all late and administrative fees may be automatically withdrawn from the account Member has indicated herein. Member may change his or her membership type by signing a new contract.
Payments and Term. 1.1. The Company shall pay the sum of US$100,000 to Employee upon execution of this Agreement and the Release attached hereto as Appendix II.
Payments and Term. Benefits payable under the Program shall be made in equal monthly installments, shall be made for Naples' life only, and shall terminate on the first day of the month following Naples' death. The payment of benefits under this Program shall commence on the first day of the month (the "Payment Commencement Date") subsequent to the later of: (a) the termination of Naples' employment with the Company; or (b) Naples' attainment of age 65; provided, however, in the event Naples elects to terminate his employment with the Company pursuant to any early retirement provision of any qualified retirement plan sponsored by the Company, the benefits payable under this Program shall commence on the first day of the month subsequent to the date of early retirement. In the event the payment of benefits under the Program shall commence either prior to or subsequent to Naples' attainment of age 65, such benefits shall be adjusted in accordance with the actuarial assumptions utilized in the administration of the Company's defined benefit pension plan as in existence on the date of benefit commencement.
Payments and Term. Subject to and in accordance with the terms and provisions contained in this Agreement, during the Term (as defined below), the Company agrees to pay L-1 (or at L-1’s written request pay the Landlord directly) all costs and expenses associated with occupying and operating the Premises, including but not limited to future leasehold improvements, insurance, taxes, rent and all other charges payable by L-1 to the Landlord to the extent required by the terms and provisions contained in the Lease, including but not limited to Sections 4, 6, 7, 8 and 9 thereof; provided, however, that the Company shall not be responsible for charges payable by L-1 to the Landlord to the extent that such charges are the result of a failure by L-1 to timely make any payment due under the Lease (provided the Company has timely performed its obligations under this Agreement) or any breach by L-1 or any of the L-1 Related Parties (hereinafter defined) of the terms and provisions contained in the Lease or this Agreement. The “Term” shall commence at the Effective Time (as defined in the Agreement and Plan of Merger, dated as of January 11, 2006, by and among the Company, VIDS Acquisition Corp. and Identix Incorporated) and continue until the first to occur of (a) the expiration or termination of the Lease or (b) unless otherwise agreed to by L-1, as promptly as practicable but in no event later than sixty (60) days following the date upon which Xxxxxx X. XxXxxxx ceases to be employed by the Company for any reason.
Payments and Term. The Loan and interest thereon shall be due and payable in monthly installments of Forty-Six Thousand Five Hundred Seventy-One Dollars Seventeen Cents ($46,571.17) per month, commencing on December 1, 1999, and continuing on the first day of each and every month thereafter until November 1, 2014 (the "Maturity Date"), on which Maturity Date all principal and interest then remaining unpaid under the Note shall be due and payable in full. Interest for the partial month in which the Loan is made shall be due and payable as of the date the Loan is made. Monthly installments of principal and interest are calculated on a thirty (30) year amortization schedule at the Interest Rate. All amounts payable by Borrower on or with respect to the Loan or pursuant to the terms of any other Loan Documents, shall be paid in lawful money of the United States of America to Lender, in same day funds, not later than 1:00 p.m. (California time) on the date due.
Payments and Term. 1.1. You agree to pay the Owner the Payments specified in the Schedule for the entire Term of this Agreement.
