Recoveries in Installments Sample Clauses

Recoveries in Installments. If the Recoveries are received in installments by Plaintiff, then the amount of the Multiple-Based Payment Amount and the amount of the Percentage-Based Payment Amount applicable to each installment received by Plaintiff shall be calculated using the foregoing formulas based upon the date such installment is received by Plaintiff. By way of example only, for purposes of calculating the Multiple-Based Payment Amount, if Funder makes a $3,000,000 Funding on the Closing Date and Plaintiff receives Recoveries of $1,000,000 twelve months after the Closing Date and another $9,000,000 of Recoveries thirty months after the Closing Date, then (i) the Multiple-Based Payment Amount with respect to the $1,000,000 of Recoveries shall be based upon the multiple applicable to such period (e.g. 2.5 times), and (ii) the Multiple-Based Payment Amount with respect to the $9,000,000 of Recoveries shall be based upon a multiple applicable to such period (e.g. 3.0 times). By way of further example only, for purposes of calculating the Multiple-Based Payment Amount, if Funder makes a $3,000,000 Funding on the Closing Date and Plaintiff receives Recoveries of $1,000,000 twelve months after the Closing Date and another $9,000,000 of Recoveries thirty months after the Closing Date, then (i) the Percentage-Based Payment Amount with respect to the $1,000,000 of Recoveries shall include accrued Percentage Payments on the $3,000,000 from the date of the Funding through the date of the payment, and (ii) the Percentage-Based Payment Amount with respect to the $9,000,000 of Recoveries shall include Percentage Payments on any unpaid funded amount balance of the Funding from twelve months after the date of the Funding though the date of the subsequent payment.
Sample 1
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Related to Recoveries in Installments

  • Parties in Interest This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Assignment; Parties in Interest This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their respective successors and assigns, but shall not be assigned by the parties hereto, by operation of law or otherwise, without the prior written consent of the other party. Except as otherwise expressly provided herein, nothing in this Agreement, expressed or implied, is intended to confer upon any other person any rights or remedies of any nature whatsoever under or by reason of this Agreement.

  • Payment of Final Installment The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on any of the Notes, which notice will be delivered no later than five days before that date, and the place where the Notes may be presented and surrendered for payment.

  • Installment Payments For purposes of Code Section 409A, Employee’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Successors in Interest This Agreement shall inure to the benefit of and be binding upon any successor to the Company. This Agreement shall inure to the benefit of the Grantee’s legal representatives. All obligations imposed upon the Grantee and all rights granted to the Company under this Agreement shall be binding upon the Grantee’s heirs, executors, administrators and successors.

  • Payment Due Dates Notwithstanding the provisions of Sections II and III above, payment due date shall be at least invoice date plus 30 days. If the County is late in issuing an invoice, the contracting entity would always have at least invoice date plus 30 days to pay. If the County is early in issuing an invoice, the contracting entity would still have a payment due date of either 60 days after the beginning of the quarter (quarterly invoices) or 30 days after the beginning of the service month (monthly invoices).

  • Scheduled Interest The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Initial Payments An initial payment of Zero ($ 0.00 ) shall be made upon execution of this Agreement and is the minimum payment under this Agreement. It shall be credited to the Owner’s account in the final invoice.

  • Successors and Assigns; Parties in Interest (a) This Agreement shall be binding upon: the Seller and its successors and assigns (if any); and the Purchaser and its successors and assigns (if any). This Agreement shall inure to the benefit of: the Seller; the Purchaser; the other Indemnitees; and the respective successors and assigns (if any) of the foregoing. (b) After the Closing Date, the Purchaser may freely assign any or all of its rights under this Agreement (including its indemnification rights under Section 7), in whole or in part, to any other Person without obtaining the consent or approval of any other party hereto or of any other Person; provided, however, that the Purchaser shall remain liable for all of its obligations under this Agreement. (c) The Seller shall not be permitted to assign any of its rights or delegate any of its obligations under this Agreement without the Purchaser's prior written consent. (d) None of the provisions of this Agreement is intended to provide any rights or remedies to any Person other than the parties to this Agreement and their respective successors and assigns (if any). Without limiting the generality of the foregoing: (i) no employee of the Seller shall have any rights under any of the Transactional Agreements; and (ii) no creditor of the Seller shall have any rights under any of the Transactional Agreements.

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