Repayment Provisions. If for any reason, INDOT is required to repay to FHWA the sum or sums of federal funds paid to the LPA or on behalf of the LPA under the terms of this Contract, then the LPA shall repay to INDOT such sum or sums within thirty (30) days after receipt of a billing from INDOT. If the LPA has not paid the full amount due within sixty (60) calendar days past the due date, INDOT may proceed in accordance with I.C. 8-14-1-9 to compel the Auditor of the State of Indiana to make a mandatory transfer of funds for the LPA’s allocation of the Motor Vehicle Highway Account to INDOT’s account until the amount due has been repaid.
Repayment Provisions. If the Company is required to prepare an accounting restatement due to its material noncompliance, as a result of the Executive’s misconduct, with any financial reporting requirement under United States securities laws, then, and only if Section 304 of the Xxxxxxxx-Xxxxx Act of 2002, or a successor provision, is then in effect, the Company may require the Executive to reimburse the Employer for (i) any bonus or other incentive-based or equity-based compensation received by the Executive from the Employer during the 12-month period following the first public issuance or filing with the Securities Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement and (ii) any profits realized from the sale of securities of Company during such 12-month period.
Repayment Provisions. If Company is required to prepare an accounting restatement due to noncompliance with any financial reporting requirement under United States securities laws, then Company will have the right to require Executive to reimburse Employer for (a) any bonus or other incentive-based or equity-based compensation received by Executive from Employer during the 12-month period following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement, (b) any profits realized from the sale of securities of Company during such 12-month period and (c) such other incentive-based compensation as may be specified by applicable law, regulation or listing standard.
Repayment Provisions. In the event the Subrecipient fails to comply in whole or in part with the terms and conditions of this Agreement and/or the referenced regulations pertaining to the use of CDBG funds, and where DHED, the County, or HUD has determined that the County or Subrecipient has a repayment obligation required due to the Subrecipient’s performance or lack thereof, the Subrecipient shall be responsible to reimburse the County in the amount requested by the County within sixty (60) days of the date of written notification from the County to the Subrecipient.
Repayment Provisions. If the Company is required to prepare an accounting restatement due to noncompliance with any financial reporting requirement under United States securities laws for any filings made during the Term, commencing with the first full quarter following the date of this Agreement, then Company will have the right to require Executive to reimburse the Company for (a) any bonus or other incentive-based or equity-based compensation received by Executive from the Company during the 12-month period following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement, (b) any profits realized by the Executive from the sale of securities of the Company during such 12-month period and (c) such other incentive-based compensation as may be specified by applicable law, regulation or listing standard.
Repayment Provisions. All outstanding principal Debt evidenced by the Notes, accrued interest thereon at the applicable rate herein provided and expenses due and payable hereunder shall be repayable:
(a) in monthly installments each equal to ninety percent (90%) (or such lesser percentage as is necessary to repay in full such outstanding Debt evidenced by the Notes, accrued interest thereon and expenses due and payable hereunder) of the Net Proceeds of Production attributable to the Mortgaged Properties calculated for the calendar month in which proceeds are actually received, with such amount being applied first to any expenses due and payable under SECTION 9.3 hereof or otherwise due under the Loan Documents, second to accrued and unpaid interest, and third, the remainder to principal, the first of such installments commencing November 15, 2009, and continuing thereafter on the fifteenth (15th) day of each succeeding calendar month through and including the Maturity Date; and
(b) all outstanding Debt evidenced by the Notes, accrued interest thereon and expenses due and payable hereunder, if not sooner paid, shall be repayable in full upon the Maturity Date.
(c) Certain of the Security Documents contain as additional Collateral an assignment unto and in favor of the Administrative Agent, as agent for the Lenders, of all oil, gas and other minerals produced and to be produced from or attributable to the Mortgaged Properties together with all of the revenues and proceeds attributable to such production, and such Security Documents further provide that all such revenues and proceeds which may be so collected by the Administrative Agent pursuant to such assignment shall be applied to the payment of the Notes and the satisfaction of all other Debt to be secured by such Security Documents. It is the intention of the Borrower and the Lenders that the first purchasers of production deliver all Gross Proceeds of Production to the Gross Proceeds Account pursuant to such assignment. In connection with the rights of the Administrative Agent to Gross Proceeds of Production, the Borrower hereby grants the Administrative Agent a power of attorney, which power is coupled with an interest and is irrevocable, to complete in all respects and deliver to the addressee the letter transfer orders executed in connection with the Security Documents.
(d) The Lenders and the Borrower expressly acknowledge and agree that so long as no Event of Default shall have occurred and be continuing, the Debt evide...
Repayment Provisions. Recipients of sabbatical leave shall return to the College and serve one full year for each academic semester of sabbatical leave granted. Preferably, these semesters shall be consecutive. The “alternative” summer semester (Article 7.10A Yearly Workload) shall be considered an academic semester for repayment purposes. If the Faculty member does not remain at the College for the length of time required by this obligation, the Faculty member shall reimburse the College for salary paid during the sabbatical leave. The amount of repayment shall be determined on a pro rata basis according to the number of days worked since the completion of the sabbatical leave compared to the total number of days obligated.
Repayment Provisions. 6.1 Contractor must satisfy and complete each of its obligations in this Agreement by the applicable Performance Milestones noted in Attachment “C”, subject to Documented Delays; provided, however, notwithstanding any Documented Delay, Contractor shall complete all of its obligations not later than Month DD, CCYY. A delay shall only be a “Documented Delay” if (1) such delay is an event described in Section 13 below (entitled Force Majeure) or is otherwise beyond Contractor’s reasonable control, (2) Contractor notifies Center in writing within 10 days after Contractor encounters such delay, (3) Contractor notifies Center in writing of the date such delay no longer applies and (4) Center reasonably approves such delay and its length in writing.
6.2 If (i) Contractor fails to have satisfied and completed all of its obligations in this Agreement (including the Project Milestones) by Month DD, CCYY ( (notwithstanding Documented Delays), or if (ii) the parties fail to sign a Service Provider Agreement by Month DD, CCYY, Contractor shall repay to Center all of the Start-Up Funds previously remitted by Center to Contractor under this Agreement. Contractor shall repay such funds within 10 business days from the receipt of such written demand for repayment by Center.
6.3 [Note: this paragraph only applies if the parties execute a Service Provider Agreement.] [sample language for SRF/EBSH, service code 113/900] Contractor acknowledges that the sole purpose and use of the SRF/EBSH is to serve Consumers moving out of a State Developmental Center, at risk for placement in a State Developmental Center or who otherwise qualify for housing under DDS’s procedures. Thus, if a Consumer initially placed in the SRF/EBSH leaves the SRF/EBSH, for whatever reason, Contractor will immediately take steps to place another qualifying Consumer into the SRF/EBSH as soon as possible, in coordination with Center. This obligation shall survive for six years after the date the first Consumers have moved into the SRF/EBSH.
6.4 [Note: this paragraph only applies if the parties execute a Service Provider Agreement.] [sample language for SRF/EBSH, service code 113/900] If Contractor completes all the Project Milestones and admits Consumers, but terminates services at the SRF/EBSH before six years of service (calculated from the date the first Consumer moves into the SRF/EBSH), Contractor shall pay back a portion of the Start-Up Funds as follows: one sixth (1/6th) of the total Start-Up Funds wil...
Repayment Provisions. If for any reason, INDOT is required to repay to FHWA the sum or sums of Federal Funds paid to the LPA or any other entity through INDOT under the terms of this Contract, then the LPA shall repay to INDOT such sum or sums upon receipt of a billing from INDOT. If the LPA has not paid the full amount due within sixty (60) calendar days past the due date, proceed in accordance with IC 8-14-1-9 to compel the Auditor of the State of Indiana to make a mandatory transfer of funds for the LPA’s allocation of the Motor Vehicle Highway Account to INDOT’s account.
I. Project Major Milestones.
Repayment Provisions. (a) All outstanding principal Debt evidenced by the Revolving Note shall be repayable by the Borrower on the Termination Date.
(b) All interest as it accrues from the date of this Agreement on principal amounts evidenced by the Revolving Note and calculated as provided herein and in the Revolving Note shall be due and payable by the Borrower (i) on the first day of each calendar month commencing November 1, 2013, and continuing thereafter on the first day of each succeeding calendar month while any amount remains owing on the Revolving Note and (ii) on the date the principal Debt evidenced by the Revolving Note is paid in full, the interest payment in each instance to be that which has been earned and remains unpaid.
(c) All outstanding principal Debt evidenced by the Term Note and accrued interest thereon at the applicable rate herein provided shall be repayable by the Borrower on the Termination Date.
(d) All interest as it accrues from the date of this Agreement on principal amounts evidenced by the Term Note and calculated as provided herein and in the Term Note shall be due and payable by the Borrower (i) on the first day of each calendar month commencing November 1, 2013, and continuing thereafter on the first day of each succeeding calendar month while any amount remains owing on the Term Note and (ii) on the date the principal Debt evidenced by the Term Note is paid in full, the interest payment in each instance to be that which has been earned and remains unpaid.
(e) The Assumed Interest shall be due and payable on November 1, 2013.
(f) All outstanding principal Debt evidenced by the PIK Note shall be repayable by the Borrower on the Termination Date.
(g) All interest as it accrues from the date of this Agreement on principal Debt evidenced by the PIK Note and calculated as provided herein and in the PIK Note shall be due and payable by the Borrower (i) on the first day of each calendar month commencing November 1, 2013, and continuing thereafter on the first day of each succeeding calendar month while any amount remains owing on the PIK Note and (ii) on the date the principal Debt evidenced by the PIK Note is paid in full, the interest payment in each instance to be that which has been earned and remains unpaid.
(h) Notwithstanding anything to the contrary herein, if at any time prior to the Termination Date, the amount of Net Proceeds of Production is insufficient to repay all or any portion of the accrued and unpaid interest evidenced by the Te...
