PAYMENTS TO DTR Sample Clauses

PAYMENTS TO DTR. 4.1 Acknowledgment By MBI and Sarvazyan of Payments-to DTR: Payment of $9,000 Obligation. MBI and Sxxxxxxxx each acknowledge and agree that: (i) all of the payments to XXX xxxxr this ARTICLE 4 are in consideration of the Assignment by MBI and DTR's 50% ownership interest in MBI and (ii) Sarvazyan, waives payment by Artann or MBI of any additional considerxxxxx xxx such Assignment. The parties acknowledge that under a prior letter of understanding dated June 18, 1992, the authors of the inventions, including, without limitation, A. Skovoroda, S. Emelianov and Sarvazyan (the "Authors"), must be rewarded for assixxxxx xxxxxx righxx xx XXX by payment by Artann to the Authors of an aggregate amount of (a) $3,000, payable upon approval of the "Existing Device Patent" with a total amount of payment up to an aggregate of $20,000 from proceeds of commercialization of such patent and (b) $6,000 payable upon approval of the "Pending Method/Device Patent" with a total amount of payment up to an aggregate of $100,000 from proceeds of commercialization of such patent. If the source of funding related to the MBI Technology that becomes available to Artann is not a license fee, royalty or other payment from product sales but is a direct investment, $240,000 from such investment will be paid to MBI and distributed to the MBI partners on a pro rata basis as follows: (i) $120,000 to DTR and (ii) $120,000 to Sarvazyan (Artann) for due payment to the Authors and for the expensex xx xxxxre patenting and development of MBI Technologies. Artann assumes and will indemnify DTR for all responsibilities for payments to the Authors. DTR shall have no responsibilities for payments to the Authors or any other inventors of the MBI Technology.
Sample 1
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PAYMENTS TO DTR. Nothing in the Agreement of Amendment No. 1 shall require Armed to make payments directly by Armed to DTR, unless DTR forecloses upon its Security Interest and receives ownership of the Artann-Owned Units.
Sample 1

Related to PAYMENTS TO DTR

  • Payments to Xxxxxx In connection with the distribution of shares of the Fund, Xxxxxx will be entitled to receive: (a) payments pursuant to any Distribution Plan and Agreement from time to time in effect between the Fund and Xxxxxx with respect to the Fund or any particular class of shares of the Fund, (b) any contingent deferred sales charges applicable to the redemption of shares of the Fund or of any particular class of shares of the Fund, determined in the manner set forth in the then current Prospectus and Statement of Additional Information of the Fund and (c) subject to the provisions of Section 3 below, any front-end sales charges applicable to the sale of shares of the Fund or of any particular class of shares of the Fund, less any applicable dealer discount.

  • PAYMENTS TO OWNER Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • Payments to Agent A payment by the Borrower to the Agent hereunder or any of the other Loan Documents for the account of any Bank shall constitute a payment to such Bank. The Agent agrees promptly to distribute to each Bank such Bank's pro rata share of payments received by the Agent for the account of the Banks except as otherwise expressly provided herein or in any of the other Loan Documents.

  • Payments to Originators With respect to each Receivable transferred to Seller under the Receivables Sale Agreement, Seller has given reasonably equivalent value to the applicable Originator in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by any Originator of any Receivable under the Receivables Sale Agreement is or may be voidable under any section of the Federal Bankruptcy Code.

  • Payments to Originator With respect to each Receivable transferred to Buyer hereunder, the Purchase Price received by Originator constitutes reasonably equivalent value in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by Originator of any Receivable hereunder is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§ 101 et seq.), as amended.

  • Payments to Holders No payment shall be made with respect to the principal of, or premium, if any, or interest on the Securities (including, but not limited to, the redemption price with respect to the Securities to be called for redemption in accordance with Article III as provided in the Indenture), except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 12.5, if:

  • Payments to Seller With respect to each Pledged Timeshare Loan, the Borrower shall have (i) received such Pledged Timeshare Loan as a contribution to the capital of the Borrower by the Seller or (ii) purchased such Pledged Timeshare Loan from the Seller in exchange for payment (made by the Seller in accordance with the provisions of the Sale and Contribution Agreement) in an amount which constitutes fair consideration and reasonably equivalent value. No such sale shall have been made for or on account of an antecedent debt owed by the Seller to the Borrower and no such sale is or may be voidable or subject to avoidance under any section of the Bankruptcy Code.

  • Payments to Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

  • Payments to Recipients The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any period in which its Qualified Holdings do not equal or exceed, at the end of such period, the minimum amount (“Minimum Qualified Holdings”), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the FINRA Rules. The Distributor may make Plan payments to any “affiliated person” (as defined in the 0000 Xxx) of the Distributor if such affiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient.

  • Payments to Lenders If a Lender (a “Recovering Lender”) receives or recovers any amount from an Obligor other than in accordance with Clause 29 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:

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