Scheduled Payment Amounts Sample Clauses

Scheduled Payment Amounts. FTA must receive from Lender by the third calendar day of every month or the next business day thereafter if the third calendar day of the month is not a business day ("FTA Due Date"), the FTA’s share of all sums Lender received from Borrower as regularly scheduled payments during the preceding month. On any payment not received in the offices of FTA by 5 PM Eastern Time on the second business day after the due date, FTA will, on behalf of SBA, levy a late payment penalty of five percent (5%) of the amount remitted late, or $100, whichever is greater (subject to a maximum penalty of $5,000 per month per reporting unit). This late payment penalty will be paid through FTA along with the late payment penalty identified in Section 3.5 of this Agreement.
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Scheduled Payment Amounts. Payments under this Agreement shall be begin upon the consummation of ABN's Chapter 11 reorganization plan in the Chapter 11 Case (the "CONSUMMATION DATE") and conclude upon the third anniversary of the Consummation Date. Specifically, payments shall be made as follows: (i) $300,000 to be paid on the Consummation Date; (ii) $200,000 to be paid six months after the Consummation Date; (iii) $500,000 to be paid upon the first anniversary of the Consummation Date; (iv) $300,000 to be paid eighteen months after the Consummation Date; (v) $300,000 to be paid upon the second anniversary of the Consummation Date; (vi) $300,000 to be paid thirty months after the Consummation Date; and (vii) $300,000 to be paid upon the third anniversary of the Consummation Date. Each of the foregoing payments shall be referred to as a "SCHEDULED PAYMENT AMOUNT." A Scheduled Payment Amount shall be deemed made upon the date of receipt by ABN of confirmation of a federal funds wire transfer to the Bank in respect of such Scheduled Payment Amount (each, a "RECEIPT"). A Scheduled Payment Amount shall be deemed timely made if the Receipt with respect to such Scheduled Payment Amount is dated on or prior to the date when such Scheduled Payment Amount is due pursuant to the terms of this Agreement (a "Due Date"), and such Receipt indicates that the wire transfer was effected on or before such Due Date. Nothing herein shall preclude ABN from making timely payment of a Scheduled Payment Amount by means other than federal funds wire transfer.
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Related to Scheduled Payment Amounts

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

  • Scheduled Principal Payments The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,500, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,000, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

  • Amortization Payments The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.

  • Monthly Payments On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw and the Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or the related Distribution Date, as applicable, to the extent of available funds, the amounts required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Funding Account and the Distribution Account as follows:

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

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