Quarterly Payment. The Quarterly Payment with respect to any Quarter q for the period after the Substantial Completion Date shall be calculated using the following formula:
Quarterly Payment. District shall make quarterly payments, based on invoices received and approved, for services satisfactorily performed and for authorized reimbursable costs incurred. District shall have thirty (30) days to pay Contractor from date of reimbursement from the California Department of Water Resources (DWR).
Quarterly Payment. Payments shall be made as provided in Exhibit A, except that any payments required pursuant to Sections 2.5 or 2.6 shall be made in accordance with the applicable third party license agreement.
Quarterly Payment. Fifteen (15) days prior to the end of each calendar quarter any part of which is during the Term, Consignee shall deliver to Consignor (i) a written statement showing all Net Sales during such calendar quarter and (ii) the Consignment Payment due upon such Net Sales. All payments shall be made by wire transfer of immediately available funds to an account designated by Consignor at least two (2) Business Days in advance.
Quarterly Payment. If the CPA is negative for a Quarter Period in which a payment is required by paragraph 17.3.1, the payment shall be made by Company to Contractor. If the CPA is positive for a Quarter Period in which a payment is required by paragraph 17.3.2, the payment shall be made by Contractor to Company. The formula for calculating the quarterly payment is expressed as: Quarterly Payment = CPA x Eligible Sales
Quarterly Payment. Monsanto will pay Paradigm the fees set out in Appendix D as compensation for Paradigm's services under the Project Plan for each Project Quarter at the beginning of each Project Quarter.
Quarterly Payment. Not later than the 20th day after the end of each and every fiscal quarter, beginning with the first fiscal quarter of 2008, Licensee shall pay and deliver to Licensor an amount equal to the greater of (i) twenty five percent (25%) of the Minimum Guaranteed Royalty applicable to the then current Fiscal Year, or (ii) the applicable Royalty percentage (2%, 1 1/2%, .8%, .7% or .5% or combinations thereof as the case may be, on a cumulative basis, as set forth in Section 3a above) multiplied by its Net Sales in the immediately previous fiscal quarter (the applicable royalty).
Quarterly Payment. Under section 17(3)(f) of the Energy Act, the Secretary of State may modify the Standard Conditions of an Electricity Supply Licence to make provision requiring payments to be made to the holder of the licence in respect of functions discharged in connection with Green Deal payments. In exercise of that power, Standard Condition 38.4 requires, amongst other things, that this Agreement contains provisions for such a payment to a Supplier, as calculated with the approval of the Secretary of State.
Quarterly Payment. Royalties shall be paid to Licensor on a quarterly basis within twenty (20) days following the end of each calendar quarter.
Quarterly Payment. $4,750,000 (Four Million Seven Hundred Fifty Thousand Dollars) shall be payable in the four installments as follows:
1. Assignee shall pay in cash or, at the election of Assignee and subject to the receipt by MSP Recovery (or MSPR, as applicable) of all necessary approvals for issuance, in MSPR Shares to be issued to Assignor in an amount equal to the quotient obtained by dividing (A) $4,750,000 by (B) the applicable Share Purchase Price (as defined below) associated with such issuance date, rounded up to the nearest whole share, in four equal installments over four calendar quarters. For the purposes of this section, the term “Share Purchase Price” shall mean, with respect to each quarter, the 10-day volume weighted average price prior to the share issuance date. If paid in MSPR Shares, the shares will be issued on a calendar quarter basis, and Assignor will agree and be subject to a lock-up for the respective MSPR Shares issued for a quarter for a period of six (6) months from the date of issuance of such shares. If on the six (6) month anniversary of issuance of MSPR Shares, the twenty (20) trading day trailing average closing share price is below the respective Share Purchase Price for such issuance, then Assignee will cause additional MSPR Shares to be issued to Assignor, and/or pay to Assignor adequate replacement consideration satisfactory to Assignor, to achieve a total market value of not less than $4,750,000 (the “True-Up”). If the payment of MSPR Shares would require the issuance of more than 19.99% of the total outstanding MSPR Shares, then in that event, Assignor shall receive up to 19.99% of MSPR Shares and the remaining value shall be paid in cash. All quarterly payments required under this section shall be paid and delivered within 30 days following the end of the quarter. Assignee shall ensure that any shares issued pursuant to this section shall be unrestricted and fully registered and tradeable upon termination of each respective six-month period.
