PAYMENTS TO XXXX. Customer agrees to pay to Xxxx immediately on request (a) commissions, give-up charges, fees and service charges as are in effect from time to time, together with all applicable regulatory and self-regulatory organization and exchange fees, charges and taxes; (b) the amount of any debit balance or any other liability that may result from transactions executed for the Account; and (c) interest on such debit balance or liability at the prevailing rate charged by Xxxx at the time such debit balance or liability arises and service charges on any such debit balance or liability together with any reasonable costs and attorneys' fees incurred in collecting any such debit balance or liability. Customer acknowledges that Xxxx may charge commissions at other rates to other customers.
PAYMENTS TO XXXX. In the event the Sublicense Agreement is assigned to XXXX, (a) Vertex will be entitled to offset all payments made to XXXX with respect to the XXXX Patents and XXXX Know-How (each as defined in the Sublicense Agreement, including any amendments thereto made prior to such assignment to XXXX, but excluding any payments that Vertex has agreed to make under Section 7.1.1 of the Sublicense Agreement) against payments made to Company under this Agreement, and (b) in no event will the total payments made by Vertex to both Company and XXXX under this Agreement and the Sublicense Agreement exceed the amounts that would be due to Company under this Agreement if such Sublicense Agreement had not been assigned to XXXX.
PAYMENTS TO XXXX. In consideration of the assignment contained herein, the Company agreed to pay Xxxx the following:
PAYMENTS TO XXXX. 3.01. In consideration of Services furnished by Xxxx hereunder, the Company shall pay to Xxxx a monthly fee in the amount of Thirty Thousand Dollars ($30,000). Xxxx shall be paid his monthly fee in arrears on the last day of the month.
3.02. The Company shall reimburse Xxxx for all reasonable expenses incurred by Xxxx in the performance of the Services hereunder and all matters related thereto. Xxxx shall prepare documentation of such expenses as required by the Company’s existing policies and procedures related to expense reimbursement, and the Company shall promptly reimburse Xxxx for such expenses after receipt and approval of such documentation and any additional documentation the Chief Executive Officer may require. The aforementioned expenses will be subject to the periodic review and approval of the Audit Committee. The payment of such expenses shall be reported in accordance with applicable Internal Revenue Service statutes and regulations.
3.03. The provisions of Section 3.02 shall survive the expiration or earlier termination of this Agreement to the extent such expenses have previously been incurred or are incurred in connection with such expiration or termination. For the avoidance of doubt, the expenses payable by the Company to Xxxx as described in Section 3.02 are exclusive of, and in addition to, the monthly fees payable to Xxxx pursuant to Section 3.01.
PAYMENTS TO XXXX. In consideration of the assignment contained herein, the Company agreed to pay Xxxx the following:
(a) Assignment Fee. $30,000 within 24 months after the date of this Agreement.
PAYMENTS TO XXXX. Customer agrees to pay to Xxxx immediately on request (a) commissions, give-up charges, fees and service charges as are in effect from time to time for the Customer, together with all applicable regulatory and self-regulatory organization and exchange fees, charges, including all such fees, charges or costs assessed against Xxxx with respect to any equity securities of Customer deposited for margin obligations, and taxes; (b) the amount of any debit balance or any other liability that may result from transactions executed for the Account; and (c) interest on such debit balance or liability at the prevailing rate charged by Xxxx at the time such debit balance or liability arises and service charges on any such debit balance or liability together with any reasonable attorneys' fees and costs incurred in collecting any such debit balance or liability. Customer understands that most of the payment obligations enumerated in subsection (a) above are automatically charged against its Account after each transaction. Customer acknowledges that Xxxx may charge commissions at other rates to other customers.
PAYMENTS TO XXXX. In substitution and replacement for the obligations of Infinity in the Infinity Note and Note Amendments, Infinity hereby agrees to pay the sum of $125,000 to Wien. Of this amount, $50,000 is being paid contemporaneously with the signing hereof, the receipt of which is hereby acknowledged, and Infinity will pay to Wien $50,000 on February 15, 2008 and $25,000 on March 15, 2008 (these two deferred payments referred to as the “Subsequent Payments”); provided, however, that if any Subsequent Payment is not timely made, the Subsequent Payments shall accrue interest on the unpaid principal balance thereof at the rate of 7% per annum and “Subsequent Payments” shall include any such interest.
