Schedule of Settlement Payments. Subject to the existence of the AEGP Management Agreement and the terms set forth in Section 17 below, Client has directed AXS to remit all payments otherwise owing to Client with respect to sales of Tickets to the Events at the Managed Venue, directly to AEGP. Accordingly, AXS shall make Settlement Payments with respect to primary market ticket sales to AEGP every Thursday to the account designated by AEGP in writing to AXS, with respect to sales which took place during the previous Monday through Sunday, for so long as the AEGP Management Agreement is in place, and has not been terminated. In the event that the AEGP Management Agreement is no longer in effect at some point during the Term, including any extension thereof, then Settlement Payments shall thereafter be made to the Client with respect to Events at the Managed Venue which took place during the previous Monday through Sunday during such Term, or extension thereof, if any. Client has also directed AXS to remit all payments otherwise owing to Client with respect to secondary market sales for Events at the Managed Venue directly to AEGP. AXS shall make Settlement Payments with respect to Net Fees payable to AEGP monthly, on the 10th day following the end of the month in which the resale transaction occurred. AEGP shall separately provide AXS with any information reasonably requested by AXS in order to remit such payments, including bank account details for remitting payments to an account designated by AEGP, which shall include the following information: Bank Name: Bank Address: Account Holder: Account Number: Routing Number: Details about sales and other transaction-based tax responsibility are further described in Section 13 below. For avoidance of doubt, AEGP shall be solely responsible for settlement and payment of any applicable fees due to Client with respect to both primary and secondary sales of Ticket to Events at the Managed Venue, and Client acknowledges and agrees that upon AXS’s remittance of Settlement Payments to AEGP, Client shall look only to AEGP (and not AXS) for settlement and payment of any applicable fees due to Client with respect to sales of Ticket to Events at the Managed Venue.”
Schedule of Settlement Payments. (a) The restrictions on all of the Restricted Stock Units granted pursuant to this Agreement will expire and Stock will become issuable with respect to the Restricted Stock Units, as set forth in this Section 6 (which Stock will be transferable when issued, and nonforfeitable) on or subsequent to the applicable dates set forth in the following schedule: (b) Notwithstanding the schedule set forth in (a) above,
(i) if you die prior to the time at which you would otherwise become entitled to a payment of the Stock with respect to your Restricted Stock Units, then the schedule set forth above shall be accelerated and 100% of all previously unpaid shares of Stock attributable to your Restricted Stock Units shall become due and payable as of the date of your death, or
(ii) if a Change of Control occurs then the schedule set forth above shall be accelerated and 100% of all previously unpaid shares of Stock attributable to your Restricted Stock Units shall become due and payable as of the date upon which such Change of Control occurs.
(c) For purposes of this Agreement, “Change of Control” has the definition provided such term in the Plan with the following language added as the last sentence:
Schedule of Settlement Payments. Aspect will pay the Settlement in the following manner: i) for the first six (6) months after the Resignation Date $12,980.77 bi-weekly less all applicable tax withholding; and ii) following the first six (6) months up to the Separation Date, $6490.39 bi-weekly less all applicable tax withholdings.
Schedule of Settlement Payments a. If the Wellstat Parties make or cause to be made the Advance $5,000,000 Payment to Escrow Agent by the Diagnostics Payment Date, the Wellstat Parties shall fully satisfy the Total Settlement Amount Balance by making or causing to be made, by wire transfer of immediately available funds to the Escrow Agent by the Final Payment Date, the sum of $55,000,000 (in addition to the Initial Settlement Payment made on the Effective Date and the Advance $5,000,000 Payment) or the Total Settlement Amount Balance as agreed by the Parties, if less. For purposes of this section, payments received by the Escrow Agent by the Final Payment Date shall be deemed timely made.
b. If the Wellstat Parties do not make or cause to be made the Advance $5,000,000 Payment to Escrow Agent by the Diagnostics Payment Date, the Wellstat Parties shall satisfy the Total Settlement Amount Balance by paying, for the benefit of PDL, by wire transfer of immediately available funds to Escrow Agent, by the Final Payment Date, the sum of $67,500,000 (in addition to the Initial Settlement Payment made on the Effective Date) or the Total Settlement Amount Balance as agreed by the Parties, if less. For purposes of this section, payments received by the Escrow Agent by the Final Payment Date shall be deemed timely made.
c. In addition to the foregoing, the Wellstat Parties may make or cause to be made any optional payments on the Total Settlement Amount Balance to Escrow Agent at any time, and from time to time, without premium or penalty.
d. Notwithstanding anything to the contrary contained herein, any payments made or caused to be made by the Wellstat Parties after the Effective Date and received by PDL in respect of the Total Settlement Amount Balance, and any other payments received by PDL from any other source in payment or partial satisfaction of the Obligations (including, without limitation, proceeds from the sale of the BioVeris license referred to in Section 5.g or proceeds of any collection, sale, foreclosure or other realization (net of reasonable and documented costs and expenses in connection therewith, if any) upon any initial disposition of the Collateral under the NYUCC or other Applicable Law, without duplication of such amounts so realized or otherwise received by PDL), shall, in each case, be fully credited by PDL on a dollar-for-dollar basis against the Total Settlement Amount Balance. For the avoidance of doubt, any payment that may be received by PDL as compensation for the ...
Schedule of Settlement Payments. (a) The restrictions on all of the Restricted Stock Units granted pursuant to this Agreement will expire and Stock will become issuable with respect to the Restricted Stock Units, as set forth in this Section 6 (which Stock will be transferable when issued, and nonforfeitable) on or subsequent to the applicable dates set forth in the following schedule: Total Number of Shares underlying RSUs at Grant Number of Shares available on 12/31/2014 43,257 43,257 (b) Notwithstanding the schedule set forth in (a) above,
(i) if you die prior to the time at which you would otherwise become entitled to a payment of the Stock with respect to your Restricted Stock Units, then the schedule set forth above shall be accelerated and 100% of all previously unpaid shares of Stock attributable to your Restricted Stock Units shall become due and payable as of the date of your death, or
(ii) if a Change of Control occurs then the schedule set forth above shall be accelerated and 100% of all previously unpaid shares of Stock attributable to your Restricted Stock Units shall become due and payable as of the date upon which such Change of Control occurs.
(c) For purposes of this Agreement, “Change of Control” has the definition provided such term in the Plan with the following language added as the last sentence:
