Second Additional Payment Sample Clauses

Second Additional Payment. An additional payment of $250,000 for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2016 Royalty Report in the event the Second Additional Payment Condition is met. If the Second Additional Payment Condition is not met, no Additional Payment shall be due or payable in connection with the 2016 Royalty Year. Such Additional Payment, if due, shall be paid to Seller within 30 days of Purchaser’s receipt of the Final 2016 Royalty Report.
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Second Additional Payment. As additional consideration for the sale and transfer of the Partnership Interests pursuant hereto, in the event that the sum of (i) the revenues of the Partnership (the "SECOND AUDIT CYCLE REVENUES") determined in accordance with GAAP (except as provided above) and as reflected in the financial statements delivered in connection with the audit of the Partnership for its fiscal year ending December 31, 1999 (the "SECOND AUDIT CYCLE AUDIT") and (ii) the First Audit Cycle Revenues equals or exceeds the sum of (i) Ten Million One Hundred Thirty-Six Thousand Dollars ($10,136,000.00) and (ii) the First Audit Cycle Target Revenues, GFI Caminus will pay to ZAI*NET, within thirty (30) days after the completion of the Second Audit Cycle Audit, an additional payment of Two Million One Hundred Eighty-Seven Thousand Five Hundred Dollars ($2,187,500.00).
Sample 1
Second Additional Payment. Within five business days after the Annual Determination for calendar year 2011 and any adjustments thereto shall have become binding on the parties as provided in Section 2.1.4 below, the Purchaser shall pay to WWG the Second Additional Payment ("SAP"), calculated as follows: SAP = 90% x (2011 Adjusted Profits x 40%) ; provided, however, in the event that 2011 Adjusted Profits is less than the result of (x) the sum of (i) $2,200,000 plus (ii) (FIP times 20%), divided by (y) 60%, then SAP shall equal (A) the excess, if any, of (i) 2011 Adjusted Profits over (ii) the sum of (X) $2,200,000 plus (Y) (FIP times 20%), multiplied by (B) 90%; ; provided further, however, in the event that 2010 Adjusted Profits were less than $1,833,333, then for purposes of the calculations of SAP above, 2011 Adjusted Profits shall be reduced by the amount of such shortfall.
Sample 1
Second Additional Payment. (A) Not later than November 30, 2001, E-P and EPI, jointly and severally, will pay ISONICS an additional $500,000, unless there is a Supplier Non-Performance for the period from December 1, 2000 to November 30, 2001.
Sample 1
Second Additional Payment. Subject to clause (m) below, within five business days after the determination of Adjusted GAAP PBT for calendar year 2011 and any adjustments thereto shall have become binding on the parties in accordance with the Operating Agreement, the Purchaser shall pay to IMS Holdco the Second Additional Payment ("SAP"), calculated as follows: SAP = Applicable Percentage x 22.5% x 2011 Adjusted GAAP PBT ; provided, however, in the event that 2011 Adjusted GAAP PBT were less than $8,000,000, then SAP shall equal (A) the excess, if any, of (i) 2011 Adjusted GAAP PBT over (ii) $6,000,000, multiplied by (B) 90%, multiplied by (C) the Applicable Percentage; ; provided further, however, in the event that 2010 Adjusted GAAP PBT were less than $4,000,000 then for purposes of the calculations of SAP above, 2011 Adjusted GAAP PBT shall be reduced by the amount of such shortfall.
Sample 1

Related to Second Additional Payment

  • Additional Payment (a) If, notwithstanding the provisions of Section 8(a)(ii), but subject to subsection (b), it is ultimately determined by a court or pursuant to a final determination by the Internal Revenue Service that any portion of Total Payments is subject to the tax (the "Excise Tax") imposed by Section 4999 of the Code (or any successor provision), then the Company shall pay to the Executive an additional amount (the "Gross-Up Payment") such that the net amount retained by the Executive after deduction of any Excise Tax and any interest charges or penalties in respect of the imposition of such Excise Tax (but not any federal, state or local income tax) on the Total Payments, and any federal, state and local income tax and Excise Tax upon the payment provided for by this Section 23 shall be equal to the Total Payments. For purposes of determining the amount of the Gross-Up Payment, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the highest marginal rates of taxation in the state and locality of the Executive's domicile for income tax purposes on the date the Gross-Up Payment is made, net of the maximum reduction in federal income taxes that could be obtained from deduction of such state and local taxes.

  • Additional Payments Any sums expended by Agent or any Lender due to any Borrower’s failure to perform or comply with its obligations under this Agreement or any Other Document including any Borrower’s obligations under Sections 4.2, 4.4, 4.12, 4.13, 4.14 and 6.1 hereof, may be charged to Borrowers’ Account as a Revolving Advance and added to the Obligations.

  • Final Payment The Final Payment, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares;

  • No Additional Payments There is no obligation on the part of the Company or any other party to make payments in addition to those made by the Mortgagor;

  • Payment of Basic Rent Basic Rent shall be paid absolutely net to Lessor or its designee, so that this Lease shall yield to Lessor the full amount thereof, without setoff, deduction or reduction.

  • Payment of Base Rent Tenant agrees to pay the Base Rent for the Premises. Monthly Installments of Base Rent shall be payable in advance on the first day of each calendar month of the Term. If the Term begins (or ends) on other than the first (or last) day of a calendar month, the Base Rent for the partial month shall be prorated on a per diem basis. Tenant shall pay Landlord the first Monthly Installment of Base Rent when Tenant executes the Lease.

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Payment of Premium Increases (a) As used herein, the term "

  • Optional Payments The Borrowers may from time to time and at any time upon at least one (1) Business Day’s prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount of One Million Dollars ($1,000,000) and in integral multiples of One Million Dollars ($1,000,000) in excess thereof. Eurodollar Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4, in an aggregate minimum amount of Four Million and 00/100 Dollars ($4,000,000) and in integral multiples of One Million and 00/100 Dollars ($1,000,000) in excess thereof; provided, that the applicable Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business Days’ prior written notice to the Administrative Agent of such prepayment and provided, further, all Eurodollar Loans constituting part of the same Eurodollar Rate Advance shall be repaid or prepaid at the same time.

  • Additional Security Deposit No additional security deposit shall be required in connection with this Amendment.

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