Rate and Payment. Payment of balance is due prior to final delivery. A finance charge of (8%) percent per month, not to exceed the maximum rate allowable by law, shall be applied each month to past due balances. A handling charge of $30.00 will be assessed for each returned check. All payments are not refundable and not available for future credit purposes.
Rate and Payment. The Loan will bear interest and be payable in accordance with the terms of the Promissory Note.
Rate and Payment. The rate of interest payable on a Tranche B Loan Advance for each Interest Period shall be the rate per annum determined by the Facility Agent to be the aggregate of:
(a) LIBOR; and
(b) the Margin. Interest payable under this clause 11.6 shall be calculated on the basis of actual days elapsed (not counting within an Interest Period the last day of that Interest Period) and a year of 360 (three hundred and sixty) days, or otherwise as market convention dictates, and shall be paid on each Tranche B Loan Advance by the Borrower to the Tranche B Lenders in arrears on each Interest Payment Date in the currency applicable to that Tranche B Loan Advance.
Rate and Payment. The holders of record of shares of the Series A Preferred Stock, when and as declared by the Board of Directors out of any assets legally available therefor, shall be entitled to receive cumulative dividends at the rate per annum and per share equal to the Accrual Rate (as defined below) of the stated value per share of the Series A Preferred Stock. Such dividends shall be payable quarterly in arrears on January 1, April l, July 1 and October 1 of each year ( "Dividend Payment Dates " ) commencing January 1, 19 9 8, until the earlier to occur of (i) the date of any conversion, exchange or redemption of the Series A Preferred Stock (but only with respect to those shares of Series A Preferred Stock so converted, exchanged or redeemed) or (ii) October 24, 2004 (the "Maturity Date"). Dividends on outstanding Series A Preferred Stock shall accrue from the date of original issuance of such Series A Preferred Stock. If the holders of record of shares of the Series A Preferred Stock do not receive on a Dividend Payment Date the full dividends provided for above, such dividends shall cumulate, whether or not earned or declared. Whenever, at any tire or times, cash dividends shall be in arrears in an amount equal to six (6) full consecutive quarterly dividends, accrued and unpaid dividends shall be compounded quarterly (retroactive to the date on which dividends were last paid) commencing at the time such sixth quarterly dividend is due and payable and ending when the number of unpaid dividends has been reduced below six by payment of some or all of the dividends in arrears. The amount of any dividends "accrued" on any share of the Series A Preferred Stock at any date shall be calculated as the amount of any unpaid dividends accumulated to and including the date as of which the calculation is made, compounded as set forth above, whether or not earned or declared. "Accrual Rate" means 9% per annum unless the Company shall be in default in payment of dividends or performance of its obligations hereunder, in which case and for which periods such rate shall be 11% per annum.
Rate and Payment. In consideration for the rights granted Mindscape under Section 2 of this Agreement, and for the other obligations imposed upon A.D.X.X., Xxndscape shall pay to A.D.X.X. xx a calendar quarterly basis, the percentages of Net Receipts per Licensed Product set forth in Schedule "A" attached. Mindscape will provide unaudited gross sales reports for Licensed Products on a monthly basis to A.D.X.X.
Rate and Payment. A. Client agrees to pay Network as follows: 1. Fifteen and no/100 dollars ($15.00) per bicycle sold through television advertising, to be paid within 30 days from receipt of sales proceeds by Client.
Rate and Payment. A. BROKER shall invoice SHIPPER for its services in accordance with the rates, charges and provisions set forth. Rail rates and charges are subject to arbitrary changes at the same rate of change by the railroad when supporting documentation is provided to the SHIPPER. All other rate and accessorial charge modifications must be mutually agreed upon and confirmed in writing by the Parties. If rates are negotiated between the PARTIES and not otherwise confirmed in writing, such rates shall be considered “written,” and shall be binding, upon BROKER’s invoice to SHIPPER and SHIPPER’s payment to BROKER.
B. Rates and charges for traffic moved under this AGREEMENT shall be as agreed to between the parties hereto in writing and are to be contained in a rate schedule or memorandum of rates and charges prepared and issued by BROKER and acknowledge by SHIPPER. Changes to this schedule or memorandum shall also be made in writing on mutually agreed notice time, and similarly acknowledged. This schedule shall also contain the conditions of, and charges for, any additional or accessorial services which may be required or performed.
C. SHIPPER agrees to pay BROKER for the transportation authorized commodities under this agreement in accordance with effective schedules within fifteen to twenty (15-20) days of the receipt by SHIPPER of BROKER’s invoice covering such transportation and proof of delivery documents.
D. Discounts of freight invoice charges will not be permitted. The BROKER reserves the right to assess a service charge of 1% for each invoice for each twenty (20) day period the freight invoice is not paid within the above schedule.
Rate and Payment. Interest shall accrue at a rate per annum equal to 10% payable in immediately available funds and 1.65% payable by delivery of a promissory note in
Rate and Payment. In consideration for the rights granted Licensee under Section 2 of this Agreement, and for the other obligations imposed upon Licensor, Licensee shall pay to Licensor on a calendar quarterly basis, the amounts per Licensed Product set forth in Schedule "A" attached. At the request of Licensor, Licensee will provide unaudited gross sales reports to substantiate tendered royalties.
Rate and Payment. Interest shall accrue at a rate per annum equal to 10% payable in immediately available funds and 1.65% payable by delivery on July 31 of each year of a promissory note in substantially the form of Exhibit A-2 hereto (a "PIK NOTE"). Interest at the rate of 10% shall be payable (i) on the last Business Day of each calendar month, commencing on July 31, 2001 and continuing thereafter until the Notes have been paid in full, (ii) upon any prepayment of any Note to the date of prepayment on the amount prepaid, and (iii) at maturity of the Note, whether by acceleration or otherwise. Notwithstanding anything else contained in this Section 2.04(a), the Company shall make payments with respect to the Notes in immediately available funds at such times and in such minimum amounts as are necessary for the Notes not to have "significant original issue discount" as that term is defined in Section 163(i) of the Code. For this purpose, the issue price of the Notes shall be computed by assuming that the fair market value of the Warrant is as set forth on the Purchaser Schedule hereto.
