Revised Payment Schedule Sample Clauses

Revised Payment Schedule. Section 3 of the Settlement Agreement is deleted in its entirety and replaced with the following:
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Revised Payment Schedule. Section 2 of the Settlement Agreement is deleted in its entirety and replaced with the following: “Note Payments. Notwithstanding the terms of the Notes, Borrower covenants and agrees to make the following payments to Lender (the “Restructure”): (a) a cash payment in the amount of $35,000.00 together with shares of Common Stock (as defined in the November Note) based on a Conversion Amount (as defined in the November Note) of $50,000.00 (the “First Note Payment Conversion Amount”), delivered subject to the terms and conditions set forth below, with such cash payment received by Lender on or before April 15, 2016 and the shares of Common Stock received by Lender within three (3) Trading Days thereof; (b) a cash payment in the amount of $35,000.00 together with shares of Common Stock based on a Conversion Amount of $50,000.00 (the “Second Note Payment Conversion Amount”, and together with the First Note Payment Conversion Amount, the “Note Payment Conversion Amounts”), delivered subject to the terms and conditions set forth below, with such cash payment received by Lender on or before May 15, 2016 and the shares of Common Stock received by Lender within three (3) Trading Days thereof; and (c) a payment equal to the remaining aggregate Outstanding Balance of the Notes on or before June 15, 2016, which payment must be made in cash (collectively, the “Note Payments”). Unless specified otherwise by Lender in a written notice delivered to Borrower (which notice Lender may provide in its sole and absolute discretion), all Note Payments shall be applied first against the Outstanding Balance of the November Note until the November Note has been paid in full and thereafter against the Outstanding Balance of the June Note until the June Note has been paid in full. Borrower’s delivery of shares of Common Stock (“Payment Shares”) in connection with the Note Payment Conversion Amounts shall be subject to the following conditions: (i) Lender shall provide to Borrower a Conversion Notice for each Note Payment Conversion Amount that will set forth its calculation of the number of Payment Shares deliverable to Lender with respect to such Note Payment Conversion Amount; (ii) the number of Payment Shares deliverable with respect to each Note Payment Conversion Amount shall be equal to the applicable Note Payment Conversion Amount divided by the then-current Installment Conversion Price (as calculated pursuant to Section 8.1 of the November Note); (iii) all Payment Shares must ...
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Revised Payment Schedule. Notwithstanding any other payment arrangements set forth in the Note Agreements, Statmon agrees to make the following payments until the Outstanding Balance is paid down to a zero balance: (a) To consummate this agreement Statmon will make an initial payment to Holder of $25,000 on December 2, 2002; (b) For each month subsequent thereto, commencing January, 2003, and payable over the course of the month and no later than the last calendar day of each such month, Statmon will pay Holder a minimum of $20,000 per month (the "Minimum Payment"), beginning with payments made to the Holder on a weekly basis of twenty percent (20%) of each Statmon invoice remitted of cleared funds and received by Statmon, up to the amount of the Minimum Payment. The balance of invoice receipts shall be applied to pay off any deficit in the Minimum Payment and for any other expenditure as per the approved operating budget and payment schedule. (c) If the Outstanding Balance, which the parties agree continues to accrue interest per the terms contained in the Note Agreements and any amendments thereto, has not been paid down to a zero balance by May 3l, 2003, or if Statmon defaults on the payment obligations set forth in paragraphs 3(a) and 3(b) in any two consecutive months between January, 2003 and May 31, 2003, then for each subsequent calendar month thereafter, the Minimum Payment shall be fifty percent (50%) of each invoice payment received by Statmon, and such amount shall be remitted to Holder on a weekly basis. (d) Statmon may at any time pay off the entire Outstanding Balance of the Note, again which the parties agree continues to accrue interest per the terms contained in the Note Agreements and any amendments thereto, without any prepayment penalties. (e) Statmon agrees to make its best efforts to formalize a non-exclusive Sales and Marketing arrangement with SDS LLC, to Holders' reasonable satisfaction prior to January 31, 2003 (the "SDS Agreement"). (f) In the event Statmon defaults as per 3(c) above and Statmon does not have a qualified software distributor in place for the broadcast industry, Statmon, in consultation with the Holder, shall use its best endeavors to renegotiate the non-exclusive SDS Agreement within 14 days.
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Revised Payment Schedule. Section 3.4 of the Credit Agreement hereby is modified, amended, and restated as follows:
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Revised Payment Schedule. (a) Following the True-Up Date and in total and final consideration for XxxXxxxx.Xxx Maps provided by Microsoft on a dedicated server cluster as set forth in this Agreement, Expedia or its designated Affiliate shall pay Microsoft transaction fees on all Route Transactions (as defined below), Location Lookup Transactions (as defined below) and Map Transactions (as defined below), (collectively, "Transaction Fees") completed from such dedicated server cluster during the term of this Agreement, in accordance with the following payment schedule: (i) Route Transaction Fees. Expedia shall pay Microsoft US$0.0125, per Route Transaction ("Route Transaction Fees"). (ii) Location Lookup Transaction Fees. Expedia shall pay Microsoft US$0.0025, per Location Lookup Transaction ("Location Lookup Transaction Fees"). Microsoft Confidential (iii) Map Transactions Fees. Expedia shall pay Microsoft US$0.0025 per Map Transaction ("Map Transaction Fees"). ---- (b) Microsoft shall xxxx Expedia or its designated Affiliate, as appropriate, fifteen (15) days after the end of each fiscal quarter with respect to any Transaction Fees that may be owed by Expedia or its designated Affiliate as described in Section 4(a). Microsoft shall provide Expedia or its designated Affiliate, as appropriate, with a statement which shall contain information sufficient to discern how the payment was computed. Payments shall be due within thirty (30) days after the end of each quarter for which an invoice is provided. For the purposes hereof, a "fiscal year" shall end on June 30, and a "fiscal quarter" shall mean one of the four (4) three-month periods in a fiscal year, as customarily determined by Expedia. (c) For the purposes of this Agreement, the following definitions apply:
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Revised Payment Schedule. Sections 4(b) and 4(c) of the Settlement Agreement are hereby deleted in their entirety, and the following is inserted in lieu thereof:
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Revised Payment Schedule. In Section B1, delete the payment schedule referenced and attached and replace with the following: MONTH PAYMENTS ----- ---------- 30-May-03 [*] 30-Jun-03 [*] 30-Jul-03 [*] 30-Aug-03 [*] 30-Sep-03 [*] 30-Oct-03 [*] 30-Nov-03 [*] 30-Dec-03 [*] 30-Jan-04 [*] 25-Feb-04 [*] 25-Mar-04 [*] 25 May-04 [*] Total: [*] This amendment shall become effective as of February 24th, 2004
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Related to Revised Payment Schedule

  • Repayment Schedule The Semiannual Loan Payment shall be computed based upon the principal amount of the Loan plus the estimated Loan Service Fee and the principle of level debt service. The Semiannual Loan Payment amount may be adjusted, by amendment of this Agreement, based upon revised information. After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments. Actual Project costs shall be established after the Department's inspection of the completed Project and associated records. The Department will deduct the Loan Service Fee and any associated interest from the first available repayments following the final amendment. Each Semiannual Loan Payment shall be in the amount of $82,812 until the payment amount is adjusted by amendment. The interest and Grant Allocation Assessment portions of each Semiannual Loan Payment shall be computed, using their respective rates, on the unpaid balance of the principal amount of the Loan, which includes Capitalized Interest. Interest (at the Financing Rate) also shall be computed on the estimated Loan Service Fee. The interest and Grant Allocation Assessment on the unpaid balance shall be computed as of the due date of each Semiannual Loan Payment. Semiannual Loan Payments shall be received by the Department beginning on March 15, 2019 and semiannually thereafter on September 15 and March 15 of each year until all amounts due hereunder have been fully paid. Funds transfer shall be made by electronic means. The Semiannual Loan Payment amount is based on the total amount owed of $3,312,465, which consists of the Loan principal and the estimated Loan Service Fee.

  • Payment Schedule The purchase price for timber sold under this contract shall be paid in advance as follows: The first payment shall be paid within 30 days of the notification of high bid or before operating, whichever occurs first. The first payment shall be 10 percent of the total estimated bid value. The total estimated bid value shall be the sum obtained by multiplying the estimated timber volumes by the prices given in Section 44 less the amount of the project work. Cash bid deposits shall be applied to the initial payment. Subsequent payments shall be made in advance of timber removal when log hauling begins. Each payment shall be made before the value of timber removed equals one-half an advance payment or within the time period stated on the billing if PURCHASER is more than one-half of a payment in advance. The amount of each advance payment shall be calculated by dividing the total estimated bid value less the initial payment by 9; with the total estimated bid value being the sum obtained by multiplying the estimated timber volumes by the prices given in Section 44 less the amount of the project work. STATE may accept partial payment, upon written request, if logging is inactive. However, the full amount of advance payment is paid before logging resumes. Partial payment must be sufficient to maintain a payment deposit equal to one-half of a regular advance payment. The total purchase price shall be calculated after all log scale is reported by multiplying prices in Section 44 by the scaled volume. STATE shall refund any advance payment in excess of the total price, or PURCHASER shall pay any deficit within 30 days of notice. PURCHASER's deposit account shall not accrue interest payable to PURCHASER.

  • Prompt Payment Schedule Except as otherwise provided by law or regulation or in Sections 504.4 and 504.5 of this Exhibit, the Date of Payment by NYSERDA of an amount properly due and owing under this Agreement shall be no later than thirty (30) calendar days, excluding legal holidays, after Receipt of a Proper Invoice.

  • FEES AND PAYMENT SCHEDULE The fees and payment schedule for furnishing services under this Contract shall be based on the rate schedule which is attached hereto as Exhibit B and by this reference incorporated herein. Said fees shall remain in effect for the entire term of the Contract. Contractor shall provide County with his/her/its Federal Tax I.D. number prior to submitting the first invoice.

  • Compensation Schedule Except as otherwise provided herein, employees shall be compensated within the pay range assigned to the classification of the position in which they are employed and in accordance with the pertinent conditions of employment enumerated in this Agreement. Sec. 503 REGULAR PAY DAY: Employees shall be paid on or about the Friday following the end of the biweekly payroll period.

  • Amortization Schedule We do not provide an initial amortization schedule at the time of project agreement release but maintain a "Loan Summary Spreadsheet" on our website on the Financial Tab under "Loans". Once your loan is put into billing an amortization schedule will be posted to the same website, with a copy mailed to the Chief Financial Officer the month following project closeout.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Shift Schedule The words "shift schedule" when used in this Agreement shall mean a timetable of the shifts and off days assigned to a position or group of positions which commences at the beginning of a pay period and includes one complete rotation of said shifts.

  • Vacation Schedule 1. Vacation periods shall be fixed by the Employer to suit the requirements of his business, but as far as possible and practicable, vacations will be given during the summer months, and for employees with school-age children, during the school vacations. Vacation periods shall be unbroken unless by mutual consent between Employer and employee, or where it is impractical. Grievances relating to this Section shall be subject to the Adjustment and Arbitration Procedure in this Agreement. 2. Time off, based upon service in the Industry Vacation Plan, may be granted to an employee by mutual agreement between the Employer and the employee. The Employer shall not be required to give time off based upon service under the Industry Vacation Plan. However, if such additional industry vacation time off is granted to an employee, such time off shall be counted as time worked for the purpose of computing the employee's earned vacation benefits on his next anniversary date of employment.

  • Additional Payment Terms All payments must be made in U.S. dollars and delivered to us at any one of our branch offices or to the address shown on the monthly statement. If we receive your payment before 5:00 p.m. (Mountain Standard Time) on a business day, at the address shown on the front of your monthly statement or at any of our branch offices, we will credit your payment as of the date of receipt. All other payments will be credited to your Account on the next business day following receipt. We may accept late or partial payments as well as payments marked “PAID IN FULL” or other restrictive endorsements, without losing any of our rights under this Agreement and without such payments constituting full accord and satisfaction of the debt. If you make payments using personal checks, and your financial institution refuses to pay the check and returns it to us, you agree to pay a Return Payment Fee. If your loan Account balance is less than the minimum payment amount you must pay the entire balance. You may repay all or part of what you owe at any time. However, so long as you owe any amount you must continue to make your periodic minimum payment. Your minimum monthly payment will be allocated to your account in accordance with all applicable laws and regulations. Personal Identification Number. We will issue you a Personal Identification Number (“PIN”) to be used with your Card. You agree not to write this PIN on your Card, and not to carry your PIN with you at the same time as you carry your Card. We will treat any charge made by you using your Card and PIN as having been authorized by you. If you keep your PIN with the Card, we can refuse to reissue your Card. Change of Terms. We can change the terms of this Agreement, including all fees, other charges and Annual Percentage Rate, at any time, subject to applicable laws and regulations. Events of Default. You are in default if you fail to pay the minimum payment listed on each billing statement on time, file for bankruptcy, exceed your credit limit without our permission, or default on this or any other Nusenda Federal Credit Union Card Agreement you have with us. If you are in default, we may close your Account and require a shorter amortization of your account balance, subject to applicable laws and regulations. No notice is required. We may also declare the whole balance due if you die, if you make false or misleading statements on your application, or if other creditors attach or garnish your property. If you have given us a security interest in a share Account, share draft Account, or certificate of deposit, we may use the deposit amount to pay any amount you owe us. Collection Costs. If we have to refer collection of your Account to a lawyer (who is not our salaried employee), to the extent permitted by law, you will have to pay our attorney’s fee plus court costs and any other fees.

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