PAYMENTS OBLIGATIONS. On and after the Effective Date, the Assignee shall be entitled to receive from the Administrative Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Administrative Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of Loans hereunder, (i) the Assignee shall pay the Assignor, on the Effective Date, an amount equal to the principal amount of the portion of all Adjusted Alternate Base Rate Loans assigned to the Assignee hereunder and (ii) with respect to each ratable LIBOR Advance made by the Assignor and assigned to the Assignee hereunder which is outstanding on the Effective Date, (a) on the last day of the Interest Period therefor or (b) on such earlier date agreed to by the Assignor and the Assignee or (c) on the date on which any such Loan either becomes due (by acceleration or otherwise) or is prepaid (the date as described in the foregoing clauses (a), (b) or (c) being hereinafter referred to as the "Fixed Due Date"), the Assignee shall pay the Assignor an amount equal to the principal amount of the portion of such Loan assigned to the Assignee which is outstanding on the Fixed Due Date. If the Assignor and the Assignee agree that the applicable Fixed Due Date for such Loan shall be the Effective Date, they shall agree, solely for purposes of dividing interest paid by the Borrower on such Loan, to an alternate interest rate applicable to the portion of such Loan assigned hereunder for the period from the Effective Date to the end of the related Interest Period (the "Agreed Interest Rate") and any interest received by the Assignee in excess of the Agreed Interest Rate, with respect to such Loan for such period, shall be remitted to the Assignor. In the event a prepayment of any Loan which is existing on the Effective Date and assigned by the Assignor to the Assignee hereunder occurs after the Effective Date but before the applicable Fixed Due Date, the Assignee shall remit to the Assignor any excess of the funding indemnification amount paid by the Borrower under Section 4.4 of the Credit Agreement an account of such prepayment with respect to the portion of such Loan assigned to the Assignee hereunder over the amount which would have been paid if such prepayment amount were calculated based on the Agreed Interest Rate and on...
PAYMENTS OBLIGATIONS. On and after the Effective Date, the Assignee shall be entitled to receive from the Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. In consideration for the sale and assignment of Loans hereunder, the Assignee shall pay the Assignor, on the Effective Date, an amount equal to the principal amount of the portion of all Loans assigned to the Assignee hereunder which is outstanding on the Effective Date. The Assignee will promptly remit to the Assignor (i) the portion of any principal payments assigned hereunder and received from the Agent and (ii) any amounts of interest on Loans and fees received from the Agent to the extent either (i) or (ii) relate to the portion of the Loans assigned to the Assignee hereunder for periods prior to the Effective Date and have not been previously paid by the Assignee to the Assignor. In the event that either party hereto receives any payment to which the other party hereto is entitled under this Assignment Agreement, then the party receiving such amount shall promptly remit it to the other party hereto.
PAYMENTS OBLIGATIONS. In consideration for the sale and assignment of Outstanding Credit Exposure hereunder, the Assignee shall pay the Assignor, on the Effective Date, the amount agreed to by the Assignor and the Assignee. On and after the Effective Date, the Assignee shall be entitled to receive all payments of principal, interest, Reimbursement Obligations and fees with respect to the interest assigned hereby. The Assignee will promptly remit to the Assignor any interest on Loans and fees received from the Agent which relate to the portion of the Commitment or Outstanding Credit Exposure assigned to the Assignee hereunder and not previously paid by the Assignee to the Assignor. In the event that either party hereto receives any payment to which the other party hereto is entitled under this Assignment Agreement, then the party receiving such amount shall promptly remit it to the other party hereto.
PAYMENTS OBLIGATIONS. On and after the Effective Date, the Assignee shall be entitled to receive from the Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of Loans hereunder, (i) the Assignee shall pay the Assignor on the Effective Date, an amount equal to the principal amount of the portion of all ABR Loans assigned to the Assignee hereunder and
PAYMENTS OBLIGATIONS. (a) During the Term, Ethicon shall pay to Genetronics [...***...]
PAYMENTS OBLIGATIONS. On and after the Effective Date, the Purchaser shall be entitled to receive from the Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Purchaser shall advance funds directly to the Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of Loans hereunder, the Purchaser shall pay the Assignor, on the Effective Date, an amount equal to the principal amount of the portion of all Loans assigned to the Purchaser hereunder. The Purchaser will also promptly remit to the Assignor any amounts of interest on Loans and fees received from the Agent that relate to the portion of the Loans assigned to the Purchaser hereunder for periods prior to the Effective Date, and not previously paid by the Purchaser to the Assignor.]* In the event that either party hereto receives any payment to which the other party hereto is entitled under this Assignment Agreement, then the party receiving such amount shall promptly remit it to the other party hereto.
PAYMENTS OBLIGATIONS. On and after the Effective Date, the Assignee shall be entitled to receive from the Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of the Loans hereunder, (i) the Assignee shall pay the Assignor, on the Effective Date, an amount equal to the principal amount of the portion of all Loans assigned to the Assignee hereunder.]* In the event that either party hereto receives any payment to which the other party hereto is entitled under this Assignment Agreement, then the party receiving such amount shall promptly remit it to the other party hereto. * Each Assignor may insert its standard payment provisions in lieu of the payment terms included in this Exhibit.
PAYMENTS OBLIGATIONS. 2.1 During the Term and for a period of one year after the Termination Date, the Company shall pay Covalt at a rate equal to his "Annual Base Compensation" fxx xxxh such period in accordance with the Company's usual payroll practices for executives.
2.2 Subject to Sections 1.3 and 1.4 above, Covalt shall be eligible to receive his "Potential Annual Taxxxx Xonus" (as defined in the Covalt Employment Agreement) for the fiscal year ended Decemxxx 00, 2002. The amount of such bonus shall be the amount determined by the Company's Compensation Committee in good faith based upon (i) the Company's past practices with respect to Covalt (as if he continued to be the President and Chief Exexxxxxx Officer of the Company through such year end unless the Term shall have ended prior to such date by reason of an election by Covalt under Section 1.4 above, in which case Covalt shalx xx xeemed for this purpose to have continued to xxxxx as the Company's President and Chief Executive Officer through the Termination Date) and (ii) the Company's performance against the plan applicable to Covalt for such period. Such bonus, if any, shall be paid at xxx xxme the Company pays annual bonuses to its other senior executives with respect to such bonus period, whether or not the Termination Date shall have occurred.
2.3 During the Term, Covalt shall continue to receive (and participate in and axxxxx benefits under) Company fringe benefits and shall be entitled to paid vacation time and expense reimbursements, all as and to the extent provided for in Sections 3.4, 3.5 and 3.6 of the Covalt Employment Agreement; provided, however, that (i) Covaxx xxxll be entitled to receive payment for any unused vxxxxxxn time arising during the Term, any such payment for unused vacation time to be made to Covalt within thirty (30) days after the Termination Date xxx (xi) during the one year period following the Termination Date, Covalt shall be entitled to continue to participate in the Comxxxx'x health insurance and disability plans and programs provided for in Section 5.2(c) of the Covalt Employment Agreement.
2.4 During the Term, xxx xxtion to purchase 48,000 shares of the Company's Common Stock at an exercise price of $129.50 per share pursuant to that certain Nonqualified Stock Option Agreement, dated as of December 30, 1999, between the Company and Covalt (the "Option Agreement") shall continue to vest and bxxxxx exercisable in accordance with Section 2.1 of the Option Agreement. By way of examp...
PAYMENTS OBLIGATIONS. 4.1 The total maximum financial grant of the COUNTY for the Project shall not exceed and /100 Dollars ($ ). Landscaping and irrigation costs associated with the Project shall not exceed and /100 Dollars ($ ), which is twenty percent (20%) of and /100 Dollars ($ ), or the actual cost of the landscaping and irrigation, whichever is less.
4.2 No COUNTY disbursement shall be made until each milestone identified for the approved Project is achieved. The milestones for this Project are as follows:
a. The first milestone shall be submittal by the CITY to the COUNTY of evidence of Project site control acceptable to the COUNTY, an executed construction contract, approved plans to commence the Project, and all required development and permit approvals to commence construction of the Project. Upon approval by the COUNTY of the construction contract, the plans, and the development and permit approvals for the Project, a disbursement in the amount of [1/3 of funding amount] Dollars ($ ) shall be made to the CITY.
b. The second milestone shall be at the completion of the Project, which shall be no later than three (3) years after the effective date of this Agreement. Completion will be deemed to have occurred when the CITY submits all receipts, approved permits, certificates of completion, if any, copies of all permits with all required sign-offs, and all other necessary documentation indicating the work for the Project has been completed in a satisfactory manner. Final required sign-off shall include a professional engineer's signing and sealing that the Project is complete and operational, in substantial conformance with the plans and specifications. At the completion of the Project, the CITY shall provide verified actual costs satisfactorily demonstrated to have been expended by the CITY for completion of the Project, in the minimum amount of the initial disbursement of [1/3 of funding amount] Dollars ($ ), and in an amount not to exceed [total funding amount] Dollars ($ ). Upon satisfactory review and approval of all required documentation from the CITY, the COUNTY shall pay the CITY an amount not to exceed [2/3 of funding amount] Dollars ($ ), the balance on the total contract amount after the initial disbursement.
c. The CITY agrees that all COUNTY funds disbursed to the CITY for the Project shall be returned to the COUNTY if the Project is not completed and operational within three (3) years after the effective date of this Agreement.
4.3 At a minimum, documentat...
PAYMENTS OBLIGATIONS. On and after the Effective Date, the Assignee shall be entitled to receive from the Administrative Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Administrative Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of Loans and L/C Participation Amounts hereunder, (i) the Assignee shall pay the Assignor, on the Effective Date, an amount equal to the principal amount of the portion of all
(1) In the event that either party hereto receives any payment to which the other party hereto is entitled under this Assignment Agreement, then the party receiving such amount shall promptly remit it to the other party hereto.
