Repayment Provision Sample Clauses

Repayment Provision. Xxxxxx agrees that Xxxxxxxx shall have the right, at his sole discretion, to repay the Loan by selling their interest in the subject real property to Lender for its then current fair market value. The parties shall mutually agree in good faith as to the fair market value of the property, but in no event shall the mutually agreed upon fair market value of the property be less than the amount the Borrower has invested in improvements of any kind to the property. The sale price of the property shall be applied to reduce any outstanding principal and interest that may be owing on the Loan at the time of the sale. If the sale price as determined herein is in excess of the outstanding principal and interest owing on the Loan at the time of the sale, such excess shall be paid to Borrower at close.
Repayment Provision. You agree that in the event employment with Cerner terminates voluntarily or involuntarily for cause within two (2) years from the date any recoverable mobility benefit was received, the associated relocation benefits are 100% recoverable during the first year and recoverable on a 12-month prorated basis during the second year. Recoverable benefits are explicitly noted as such in this Agreement. Cerner reserves the right to offset such amounts owed to Cerner against all salary, bonuses, vacation pay, expense reimbursements and other Cerner monies owed to the Associate, as allowable by law. Cerner also reserves the right to collect such amounts through legal means if necessary. /s/Xxxx Xxxxxxxx 2/8/2017 Xxxx Xxxxxxxx Date /s/Xxxxxxx Xxxxxx 2/8/2017 Xxxxxxx Xxxxxx, Director, Global Mobility Date The U.S. Homeowner - Direct Reimbursement Relocation Guideline (the "Guideline") is a guide for associates of Cerner Corporation and its affiliated entities ("Cerner") who are considering or have accepted an offer involving relocation within the U.S., and a resource for managers and others responsible for administering Global Mobility programs. Cerner reserves the right to change any components of this Guideline at any time. This benefit is available to associates who are homeowners in the sending location and is only available once the relocation has been approved. The Associate should not contact or make any commitments to a real estate agent prior to initiation with Graebel. Cerner has contracted with Graebel, a national relocation service, to assist associates in selling their homes. The Associate will receive assistance in selecting the best possible real estate agent, developing a marketing strategy, monitoring the marketing plan, negotiating the sale and coordinating all aspects of closing. The objectives of the program are to benefit the Associate by: (1) increasing the Associate's ability to secure the highest sale price possible; (2) decreasing the cost to the Associate of customary seller paid expenses; (3) ensuring a timely receipt of the closing costs reimbursement; (4) eliminating as much time and hassle associated with the home sale process as possible; and (5) resettling the family in the new location in a shorter time frame.
Repayment Provision. The Associate understands and agrees that in the event employment with Cerner terminates voluntarily or involuntarily for cause within two (2) years from the Associate's hire date, transfer date or assignment start date (as applicable), the relocation and/or assignment benefits are 100% recoverable during the first year and recoverable on a 12-month prorated basis during the second year. Recoverable benefits will be noted in the Associate's Offer Letter, Relocation Agreement, Mobility Agreement or Assignment Agreement (as applicable). Cerner reserves the right to offset such amounts owed to Cerner against all salary, bonuses, vacation pay, expense reimbursements and other Cerner monies owed to the Associate. Cerner also reserves the right to collect such amounts through legal means if necessary. Cerner has the right, in its sole discretion to amend this Guideline or to terminate it at any time, for any reason or no reason at all. This Guideline shall not be considered or construed as an employment contract. Furthermore, this Guideline does not confer upon the Associate any right to continued employment, nor does it supersede the Associate's individual Employment Agreement or Cerner's administrative practices.
Repayment Provision. The associate understands and agrees that in the event employment with Cerner terminates voluntarily or involuntarily for cause within two (2) years from the date any recoverable relocation benefit was received, the associated relocation benefit is 100% recoverable during the first year and recoverable on a 12-month prorated basis during the second year. Recoverable benefits are explicitly noted as such in this Guideline. Cerner reserves the right to offset such amounts owed to Cerner against all salary, bonuses, accrue d time off pay, expense reimbursements and other Cerner monies owed to the associate, as allowable by law. Cerner also reserves the right to collect such amounts through legal means if necessary.

Related to Repayment Provision

  • Payment Provisions Payment shall be made in accordance with Chapter 2251 of the Texas Government Code, commonly known as the Texas Prompt Payment Act. Chapter 2251 of the Texas Government Code shall govern remittance of payment and remedies for late payment and non-payment.

  • General Payment Provisions All payments of Obligations shall be made in Dollars, without offset, counterclaim or defense of any kind, free of (and without deduction for) any Taxes, and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. Any payment of a LIBOR Loan prior to the end of its Interest Period shall be accompanied by all amounts due under Section 3.9. Any prepayment of Loans shall be applied first to Base Rate Loans and then to LIBOR Loans.

  • Attachment B, Payment Provisions The payment provisions are amended as follows:

  • Agreement Provisions If the Company, on behalf of any Account, purchases Trust Portfolio shares (“Eligible Shares”) that are subject to a Rule 12b-1 plan adopted under the 1940 Act (the “Plan”), the Company, on behalf of its Distributor, may participate in the Plan.

  • Default Provisions In addition to any Default arising under Section 20.1 above, each of the following shall constitute a Default: (a) if Tenant fails to pay Rent or any other payment when due hereunder within ten (10) days after written notice from Landlord of such failure to pay on the due date; provided, however, that if in any consecutive 12 month period, Tenant shall, on two (2) separate occasions, fail to pay any installment of Rent on the date such installment of Rent is due, then, on the third such occasion and on each occasion thereafter on which Tenant shall fail to pay an installment of Rent on the date such installment of Rent is due, Landlord shall be relieved from any obligation to provide notice to Tenant, and Tenant shall then no longer have a ten (10) day period in which to cure any such failure; (b) except as is otherwise provided below in this Section 20.2, if Tenant fails, whether by action or inaction, to timely comply with, or satisfy, any or all of the obligations imposed on Tenant under this Lease (other than the obligation to pay Rent) for a period of 30 days after Landlord’s delivery to Tenant of written notice of such default under this Section 20.2(b); provided, however, that if the default cannot, by its nature, be cured within such 30 day period, but Tenant commences and diligently pursues a cure of such default promptly within the initial 30 day cure period, then, as long as Tenant continues to diligently pursue such a cure to completion, Landlord shall not exercise its remedies under Section 21 unless such default remains uncured for more than 270 days after the initial delivery of Landlord’s original default notice and same shall not be deemed to be a “Default” for purposes of this Lease; (c) the occurrence of a default under any or all of the leases scheduled on Exhibit D (“Other Leases”), which default under one or more of the Other Leases is not cured on a timely basis, pursuant to the terms of the applicable Other Lease(s) (“Other Lease Default”); upon the occurrence of an Other Lease Default, there shall be no notice required to be delivered hereunder, nor shall any cure period be available to Tenant hereunder; rather, the occurrence of an Other Lease Default shall immediately constitute a Default under this Lease; and (d) Guarantor defaults under any or all of its obligations under that certain Guaranty of Lease, dated of even date herewith (the “Guaranty”), and fails to cure same within the time period, if any, provided in the Guaranty (each, a “Guaranty Default”); upon the occurrence of any Guaranty Default, there shall be no notice required to be delivered hereunder, nor shall any cure period be available to Tenant hereunder, but rather the occurrence of a Guaranty Default shall immediately constitute a Default under this Lease.

  • Put Provisions Upon a Change of Control, any Holder of Securities will have the right to cause the Company to repurchase all or any part of the Securities of such Holder at a repurchase price equal to 101% of the principal amount of the Securities to be repurchased plus accrued interest to the date of repurchase (subject to the right of holders of record on the relevant record date to receive interest due on the related interest payment date) as provided in, and subject to the terms of, the Indenture.

  • Amendment Provision The term "Note" and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented.

  • Interest Provisions Interest on the outstanding principal amount of Loans shall accrue and be payable in accordance with this Section 3.2.

  • Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

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