Prepayment Procedure. To receive approval and prepayment for the online course, exam or stipend, employee must take the following steps: Complete the Certification Prepayment Request form and submit it to the appropriate Nurse Manager or Clinical Director for review and signature. The Nurse Manager or Clinical Director will review the form and verify that the course/exam in question is related to the employee’s current job and is an approved National Certification. Upon approval, Inspira shall make arrangements to pay for the online course/exam or issue a stipend.
Prepayment Procedure. The prepayment will be made on the Prepayment Date by electronic funds transfers, in the case of cash payments, and through the delivery of the New Local Note or minimum marketable positions of the same, through the Depósito Central de Valores S.A., Depósito de Valores (hereinafter the “DCV”) through their transfer and/or deposit in the accounts that the respective Local Noteholders have registered with the DCV, prior instruction to the latter by the Debtor Company and information to the Interventor. Likewise, on the Prepayment Date, the Debtor Company will deliver an instruction to the DCV to cancel the positions corresponding to the Series S Notes that have been subject to the prepayment.
Prepayment Procedure. The Company will give each Lender written notice of each optional prepayment under this Section 8.2 not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Loans to be prepaid on such date, the principal amount of each Loan owned by such Lender to be prepaid (determined in accordance with Section 8.5), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Prepayment Premium due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each Lender and the Agent a certificate of a Senior Financial Officer specifying the calculation of such Prepayment Premium as of the specified prepayment date.
Prepayment Procedure. The Company shall give not less than ten (10) days notice to Holder of its election to exercise its right of prepayment pursuant to above section 3.1(a). Such notice shall stipulate the prepayment date and amount to be prepaid (the "Prepayment Amount"). Thereafter, if the Company shall fail to make timely delivery of the Prepayment Amount in accordance with its notice of prepayment, the Prepayment Amount shall become immediately due and payable without presentment, demand, protest, or notice.
Prepayment Procedure. The payment of cash pursuant to an Optional Redemption shall be payable on the Optional Redemption Date. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company by the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full.
Prepayment Procedure. Before the Company shall be entitled to prepay the Note in accordance with Section 4.1 above, it shall give written notice to the Holder, notifying the Holder of its desire to exercise its right of Prepayment and specifying the remaining balance of the Note and the date on which such Prepayment will occur (the “Prepayment Closing Date”). On the Prepayment Closing Date, the Company will pay to the Holder in cash or other immediately available funds an amount equal to the remaining balance of the Note, including any accrued interest, and the Holder shall deliver to the Company the Note.
Prepayment Procedure. The payment Common Stock pursuant to an Optional Redemption shall be payable on the Optional Redemption Date. If any portion of the Optional Redemption Amount shall not be paid by the Company by the Optional Redemption Date, interest shall accrue thereon at an interest rate equal to the lesser of 8% per annum or the maximum rate permitted by applicable law until such amount is paid in full.
Prepayment Procedure. Where any Advance becomes due and payable before the Maturity Date for that Advance or any Forward Lending is to be terminated under the terms of this Agreement, the Parties will follow the procedure set out in this clause.
Prepayment Procedure. 1.1. Pursuant to Amendment 3 to the Agreement, Party B agreed to prepay Party A for Days of Use achieved as a result of Party A’s marketing efforts. The Parties now wish to authorize additional prepayments subject to similar terms (each a “Prepayment”). The purpose of this Addendum 4 is to more clearly define how additional Prepayments shall be made.
1.2. On a quarterly basis, Party B may issue a Purchase Order to Party A. The Purchase Order will specify the Days of Use ordered, the Days of Use rate or rates (as applicable), the amount of the Prepayment, targeting, and other parameters.
1.3. Party A shall sign the Purchase Order and then invoice Party B in accordance with the Purchase Order. Party B will then disburse the Prepayment to Party A. Issuance of an invoice shall constitute acceptance of the Purchase Order notwithstanding a failure to sign the Purchase Order. A template Purchase Order is attached hereto as Exhibit A.
1.4. If the actual Days of Use (as measured by Party B) ends up lower than the budget specified in the Purchase Order, Party B shall receive a credit from Party A for the shortfall, either as a reduction to a then-current Prepayment to be made by Party B or as a cash refund (at Party B’s option).
1.5. If the actual Days of Use (as measured by Party B) ends up higher than the budget specified in the Purchase Order, Party B shall make an additional payment to Party A equivalent to the corresponding incremental value.
1.6. As noted in Amendment No. 2 and No. 3, the Agreement may be terminated by either Party on 30 days advanced written notice to the other Party. In the event that either party terminates the Agreement early, Party B will continue to monitor actual Days of Use achieved by all new users acquired before the effective date of termination. Once 365 days have passed after termination, Party B will report the total number of Days of Use actually achieved. In the event that the actual Days of Use varies from the amount specified in the applicable Purchase Order, the Parties will reconcile the Prepayment in accordance with sections 1.4 and 1.5 above. Further, any amount of a Prepayment that has not been fully allocated to any campaigns shall be immediately refunded after termination from Party A to Party B.
Prepayment Procedure. All payments, including any prepayment (whether voluntary or mandatory), shall be made by wire transfer or other same day funds to the accounts designated in writing by the Senior Noteholders (or such other account or address or to the attention of such other Person as the recipient party shall have specified by prior written notice to the sending party).
