Payments to Institution Sample Clauses

Payments to Institution. In consideration of the performance of the Research Project, Sponsor shall make periodic advance payments to Institution in the amounts listed on Exhibit B ("Sponsor Contributions"). Payments should be made payable to the University of Massachusetts and sent to Office of the Bursar, University of Massachusetts Medical School, 50 Xxxx Xxxxxx Xxxxx, Xxxxxxxxx, XX, 00000. If this Agreement is terminated prior to the completion of the first year for any reason, except for a material breach on the part of Institution, then on the effective date of termination, Sponsor shall pay Institution the entire amount of any balance due on the first year Sponsor Contribution of $162,800 as further defined in Exhibit B. If the first year objectives are met on the part of Institution and if this Agreement is terminated prior to the completion of the second year for any reason, except for a material breach on the part of Institution, then on the effective date of termination, Sponsor shall pay Institution the entire amount of any balance due on the second year Sponsor Contribution of $162,800 as further defined in Exhibit B.
Sample 1
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Payments to Institution. In consideration of the performance of the Research Project, Sponsor shall make an initial payment of 50% upon the signing of this Agreement and quarterly payments to Institution in the amounts listed on Exhibit B ("Sponsor Contributions"). Payments should be made in the name of "Montefiore Hospital c/o the Department of Neuro Surgery Research Fund" and sent to Xxxxxx X. Xxxxxxx, Ph.D., Director, The Office of Research & Sponsored Programs, Montefiore Medical Center, 0000 Xxxxxxxxxx Xxxxxx, Xxxxx, XX 00000. If this Agreement is terminated prior to its expiration for any reason other than a material breach by Institution (as described in Section 6.3.), then on the effective date of such termination, Sponsor shall pay Institution the entire amount of any uncancellable financial commitments that Institution intended to pay through Sponsor Contributions, including without limitation (i) salaries for appointed employees for the remainder of their term of appointment (e.g., postdoctoral fellows) and stipends for graduate students and (ii) Institution expenses previously incurred for equipment, travel, and associated indirect costs. Upon the request of Sponsor made within thirty (30) days after the expiration or termination of this Agreement, Institution shall furnish Sponsor with a final accounting of all expenses incurred in connection with the Research Project and all funds received from Sponsor pursuant to this Section 3.2., together with a check payable to Sponsor in the amount of any unexpended and uncommitted funds, failing which Institution shall retain any unexpended funds.
Sample 1
Payments to Institution. In consideration of the performance of the Research Project, Sponsor shall make or shall cause NIH to make, the payments to Institution in the amounts listed on Exhibit B (“Sponsor Contributions”). Payments should be made in the name of “University of Massachusetts” and sent to Controllers Office, 405 Xxxxxxx Building, University of Massachusetts, Xxxxxxx, XX 00000. If this Agreement is terminated prior to its expiration for any reason other than a material breach by Institution (as described in Section 6.3.), then on the effective date of such termination, Sponsor shall pay Institution the entire amount of any uncancellable financial commitments that Institution intended to pay through Sponsor Contributions, including without limitation (i) salaries for appointed employees for the remainder of their term of appointment (e.g., postdoctoral fellows) and stipends for graduate students and (ii) Institution expenses previously incurred for equipment, travel, and associated indirect costs. Upon the request of Sponsor made within thirty (30) days after the expiration or termination of this Agreement, Institution shall furnish Sponsor with a final accounting of all expenses incurred in connection with the Research Project and all funds received from Sponsor pursuant to this Section 3.2., together with a check payable to Sponsor in the amount of any unexpended and uncommitted funds, failing which Institution shall retain any unexpended funds.
Sample 1
Payments to Institution. For the First Period of the Initial Term, Sponsor shall make an initial payment of 50% upon the signing of this Agreement and quarterly payments to Institution in the amounts listed on Exhibit B ("Sponsor Contributions"). The payment terms for the Sponsor Contributions for the Second through Fourth Periods of the Initial Term shall be determined by the procedures set forth in Section 3.1.2. Payments should be made in the name of " Montefiore Hospital c/o the Department of Plastic Surgery Research Fund" and sent to Xxxxxx X. Xxxxxxx, Ph. D., Director, The Office of Research & Sponsored Programs, Montefiore Medical Center, 0000 Xxxxxxxxxx Xxxxxx, Xxxxx, XX 00000. If this Agreement is terminated prior to its expiration for any reason other than a material breach by Institution (as described in Section 6.4.), then on the effective date of such termination, Sponsor shall pay Institution the entire amount of any uncancellable financial commitments that Institution intended to pay through Sponsor Contributions, including without limitation (i) salaries for appointed employees for the remainder of their term of appointment (e.g., postdoctoral fellows) and stipends for graduate students and (ii) Institution expenses previously incurred for equipment, travel, and associated indirect costs. Upon the request of Sponsor made within thirty (30) days after the expiration or termination of this Agreement, Institution shall furnish Sponsor with a final accounting of all expenses incurred in connection with the Research Project and all funds received from Sponsor pursuant to this Section 3.2., together with a check payable to Sponsor in the amount of any unexpended and uncommitted funds, failing which Institution shall retain any unexpended funds.
Sample 1
Payments to Institution. In consideration of the performance of ----------------------- the Research Project, Sponsor shall make advance quarterly payments to Institution in the amounts listed on Exhibit B ("Sponsor Contributions"). --------- Payments should be made in the name of the "University of Massachusetts" and sent to the Bursars Office at the Medical Center, with reference to the Karellas research. If this Agreement is terminated prior to the expiration of the Term for any reason other than a material breach by Institution (as described in Section 6.3.) or loss of the Principal Investigator (as described in Section 6.2), then on the effective date of such termination, Sponsor shall pay Institution the entire amount of any uncancellable financial commitments that Institution intended to pay through Sponsor Contributions, including without limitation (i) salaries for appointed employees for the remainder of their term of appointment (e.g., postdoctoral fellows) and stipends for graduate students and (ii) Institution expenses previously incurred for equipment, travel, and associated indirect costs. At the request of Sponsor, within a reasonable time after the expiration or termination of this Agreement, Institution shall furnish Sponsor with a final accounting of all expenses incurred in connection with the Research Project and all funds received from Sponsor pursuant to this Section 3.2., together with a check payable to Sponsor in the amount of ally unexpended and uncommitted funds.
Sample 1
Payments to Institution 
Sample 1

Related to Payments to Institution

  • Payments to Collection Account On or before the applicable Cut-Off Date, the Servicer shall have instructed all Obligors to make all payments in respect of the Collateral Portfolio directly to the Collection Account; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the “lead borrower” or another such similar term) unless and until the Servicer calls on the related guaranty or secondary obligation.

  • 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 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 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 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 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 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 Owner Trustee Any amounts paid to the Owner Trustee pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

  • PAYMENTS TO MASTER SERVICER Section 4.01 Remittances. On each Remittance Date, no later than 3:00 p.m. New York City time, the Servicer shall remit on a scheduled/scheduled basis by wire transfer of immediately available funds to the Master Servicer (a) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 3.04), plus (b) all Monthly Advances, if any, which the Servicer or other Advancing Person is obligated to make pursuant to Section 4.03, minus (c) any amounts attributable to Principal Prepayments, Liquidation Proceeds, Insurance Proceeds, Condemnation Proceeds or REO Disposition Proceeds received after the applicable Due Period, which amounts shall be remitted on the following Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 3.03 (iii) and (vii), and minus (d) any amounts attributable to Monthly Payments collected but due on a Due Date or Due Dates subsequent to the first day of the month in which such Remittance Date occurs, which amounts shall be remitted on the Remittance Date next succeeding the Due Date related to such Monthly Payment. With respect to any remittance received by the Master Servicer after the Business Day on which such payment was due, the Servicer shall pay to the Master Servicer interest on any such late payment at an annual rate equal to LIBOR, adjusted as of the date of each change, plus four (4) percentage points, but in no event greater than the maximum amount permitted by applicable law. Such interest shall be deposited in the Custodial Account by the Servicer on the date such late payment is made and shall cover the period commencing with the day following the Remittance Date and ending with the Business Day on which such payment is made, both inclusive. Such interest shall be remitted along with the distribution payable on the next succeeding Remittance Date. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default by the Master Servicer or any applicable Trustee. All remittances required to be made to the Master Servicer shall be made on a scheduled/scheduled basis to the following wire account or to such other account as may be specified by the Master Servicer from time to time: Xxxxx Fargo Bank, National Association Minneapolis, Minnesota ABA# 000000000 Account Name: SAS Clearing 0000000000 For further credit to: Collection Account No. 00000000

  • 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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