Revised Payment Terms. Notwithstanding Section 8.2 of the Original Agreement, commencing with Avail Year 5, Licensee shall pay Licensor any Overages within sixty (60) days after the end of the month during which the Subscriber Transaction giving rise to such Overage occurs.
Revised Payment Terms. 1.1 Notwithstanding anything to the contrary contained in the Loan Agreements, the Supplements or in any Note made and delivered in connection with Fund 9’s outstanding Loans, Borrowers and Fund 9 agree that commencing on April 1, 2024, and continuing on the first day of each consecutive month thereafter, Borrowers shall pay to Fund 9 the monthly installments scheduled and due or to become due under the Notes made and delivered in connection with Fund 9’s outstanding Loans according to the payment schedule attached hereto as Exhibit “A” (the “Fund 9 Payment Schedule”). Payment of the amounts due under the Notes issued to Fund 9 in accordance with the terms of this Section 1.1 shall be in lieu of the payments scheduled and due or to become due under such Notes, and the payment schedules under such Notes relating to the period from and after April 1, 2024 through maturity are hereby deemed to be replaced with the terms of this Section 1.1 and the Fund 9 Payment Schedule.
Revised Payment Terms. Payment 4 in the First Amendment shall be bifurcated, with the first payment of $50,000 due on April 2, 2021 and the second payment of $185,000 due on May 28, 2021. All other Payments remain unaffected by this Amendment, and the Payments shall not be renumbered for purposes determining the shipment date as set forth in Section 2 of the First Amendment.
Revised Payment Terms. The payment terms of the New Note, as defined and referred to in the Loan Restructure Agreement, are hereby amended and restructured and the Company shall repay the indebtedness evidenced by the New Note according to the amortization schedule attached hereto as Exhibit “A.” Dutchess shall attach a copy of Exhibit A to the New Note as evidence of this Agreement. This provision shall be construed to modify Exhibit A of the New Note, attached to the Loan Restructure Agreement, and no other provision thereof. Except as set forth in this Agreement, the Parties intend the Loan Restructure Agreement will remain in full force and effect and the parties agreed to abide by its terms. Nothing herein shall be read to limit the rights of the Parties to enforce the provisions of the Loan Restructure Agreement.
Revised Payment Terms. Reliv’s payment terms for products purchased from Nutracom as set out in the Supply Agreement Outline are revised to 50% deposit two months in advance of production and balance due within 30 days of release of products to Reliv. Nutracom will not be obligated to purchase raw materials for Reliv production unless the full deposit is timely made and no amounts owed by Reliv to Nutracom (after full application of the Credit Amount) are more than 30 days past due.
Revised Payment Terms. Rayton shall pay the Remainder on the following schedule: Payment Amount Due Date 1. $ 50,000 Upon signing this Amendment 2. $ 100,000 November 30, 2020 3. $ 100,000 December 31, 2020 4. $ 235,000 March 31, 2021 5. $ 235,000 June 30, 2021 6. $ 234,000 Net 30 days from shipment of Product Total: $ 954,000 The foregoing Payments shall be made by Rayton by certified check or electronic transfer of immediately available funds by the scheduled Due Date without any further need for PNL to issue an invoice. PNL reserves the right to invoice for any costs and expenses set forth in the Quotation, including but not limited to shipping charges, and such invoices shall be paid thirty days after invoicing.
