RESTRUCTURING PAYMENTS Sample Clauses

RESTRUCTURING PAYMENTS. On April 15, 2002, the Company will pay $687,000 of the principal amount of the Notes, to be applied PRO RATA among all Notes then outstanding, without regard to Series, at par and without payment of the Make-Whole Amount or any premium (the "RESTRUCTURING DATE PAYMENT"). On September 15, 2002, the Company will pay $1,030,500 of the principal amount (or such lesser principal amount as shall then be outstanding) of the Notes then outstanding, without regard to Series, to be applied PRO RATA among all Notes, at par and without payment of the Make-Whole Amount or any premium (the "SEPTEMBER 2002 PAYMENT"). On December 15, 2002, the Company will pay $1,226,785.72 of the principal amount (or such lesser principal amount as shall then be outstanding) of the Notes, to be applied PRO RATA among all Notes then outstanding, without regard to Series, at par and without payment of the Make-Whole Amount or any premium (the "DECEMBER 2002 PAYMENT").
Sample 1
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RESTRUCTURING PAYMENTS. On each September 1, 2003, October 1, 2003, November 1, 2003 and December 1, 2003, the Company will pay $343,500 of the principal amount of the Notes, to be applied pro rata among all Notes then outstanding, without regard to Series, at par and without payment of the Make-Whole Amount or any premium."
Sample 1

Related to RESTRUCTURING PAYMENTS

  • Restructuring Fee The Borrowers shall pay to the Agent a restructuring fee of $225,000, for distribution to the Original Lenders according to their respective Commitment, not later than the Voluntary Prepayment Date.

  • Closing Payments At the Closing, Parent shall pay or cause to be paid the following amounts by wire transfers of immediately available funds:

  • Post-Closing Payments (a) On the first anniversary of the Closing Date, Buyer will pay to Seller or, to the extent designated by Seller in writing and in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages, the remaining 33.33% of the Closing Cash Consideration, as finally determined in accordance with Section 3.4 (the “Deferred Cash Payment”), via wire transfer to the Seller’s Bank Account or the Member Bank Accounts, as applicable.

  • Closing Payment The Purchase Price, as adjusted by the application of the Deposit and by the prorations and credits specified herein, shall be paid, by wire transfer of immediately available federal funds (through the escrow described in Section 5 below), as and when provided in Section 5.2.2 below and in the “Escrow Agreement” (as hereinafter defined). The amount to be paid under this Section 3.2 is referred to herein as the “Closing Payment.”

  • Separation Payments Following Executive’s separation from service with Company on or after his Vesting Date (as defined in Section 7), Company shall pay to Executive the sum of THIRTY-FOUR THOUSAND TWO HUNDRED SEVEN and 04/100 Dollars ($34,207.04) per month, beginning six months and one week after Executive’s date of separation for a period of ten (10) years, or until Executive’s death, whichever first occurs (the “Separation Payments”). Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law. If Executive should die during the ten-year period during which payments are being made under this Paragraph 3, then those payments shall terminate and future payments, if any, shall be made to Executive’s designated beneficiary(ies) or Executive’s estate in accordance with the provisions of Paragraph 4 of this Agreement.

  • Retention Payments (a) In the event that Executive is employed by the Company on January 1, 2002, Executive shall be entitled to a lump sum cash retention payment equal to 150% of the sum of (i) Executive's Base Salary and (ii) Executive's target annual bonus, each as in effect for the 2001 fiscal year (such sum, the "2002 Retention Bonus").

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Post-Closing Payment Payment to Shareholder of his portion of the Post-Closing Payment shall be made in the same manner as payments under the Additional Short-Term Note.

  • Upfront Payments Within ten (10) days of the Effective Date, Celgene shall pay Acceleron Twenty-Five Million U.S. Dollars ($25,000,000) as an upfront, non-creditable, nonrefundable fee, relating to the license grants set forth in Article 4.

  • CP Costs Payments On each Settlement Date, Seller shall pay to Agent (for the benefit of the Conduits) an aggregate amount equal to all accrued and unpaid CP Costs in respect of the outstanding Capital of each of the Conduits for the related Settlement Period in accordance with Article II.

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