Settlement of Receivables. 2.1 NMS has agreed to accept from NEWLEAD payment in kind (namely, shares of NEWLEAD's common stock) instead of cash in full and final satisfaction of the Receivable. Accordingly, NEWLEAD has agreed to issue in favour of NMS shares of NEWLEAD's common stock with total value of USD 541,670 (United States Dollars five hundred forty one thousand six hundred seventy) at the time of issuance (the "Shares"). The share price to be used for the calculation of the shares to be issued will be the average of the closing price of NEWLEAD's common stock for the last 10 trading days prior to the date of signing of this Agreement. The number of shares to be issued will be such number that, when multiplied by the share price calculated in accordance herewith, will result to a value of USD 541,070 (United States Dollars five hundred forty one thousand six hundred seventy). The Shares will be issued in full and final settlement of the Receivable and NMS hereby agrees to accept the Shares in full and final settlement of the Receivable.
Settlement of Receivables. The Parties agree that the execution of the Term of Assignment (by the EC) shall oblige Getnet to pay Santander Brasil the amount of the Receivable on its due date, and the execution of the Term of Assignment serving as an acknowledgment of the assignment and notice by Getnet for the purposes of article 290 of the Civil Code, regardless of any notice on the part of the EC to Getnet.
Settlement of Receivables. 2.1 AURORA has agreed to accept from NEWLEAD payment in kind (namely , shares of NEWLEAD's common stock) instead of cash in full and final satisfaction of the Receivable. Accordingly , NEWLEAD has agreed to issue in favour of AURORA shares of NEWLEAD's common stock with total value of USD 270.000,00 at the time of issuance (the "Shares"). The share price to be used for the calculation of the shares to be issued will be the average of the closing price of NEWLEAD's common stock for the last 30 trading days prior to the date of signing of this Agreement. The number of shares to be issued will be such number that, when multiplied by the share price calculated in accordance herewith, will result to a value of USD 270.000,00. The Shares will be issued in full and final settlement of the Receivable and AURORA hereby agrees to accept the Shares in full and final settlement of the Receivable.
Settlement of Receivables. 1. If any amounts due to Factor from the repayment of the receivables will be transferred by Contractor to Client or Contractor will deduct its receivables with the Received Debt or the Contractor will pay the amount due to the Factor for repayment of the Debts to a third party under a multilateral compensation of liabilities, the Client is obliged not later than within 2 calendar days to return the amounts received, and in the case of a multilateral deduction or compensation, refund the amount deducted or compensated to the Factor's account. In the cases described in the preceding sentence, the Factor will each time charge a 1% commission on each Claim.
Settlement of Receivables. 2.1 CMT has agreed to accept from NEWLEAD payment in kind (namely, shares of NEWLEAD's common stock) instead of cash in full and final satisfaction of the Receivable. Accordingly, NEWLEAD has agreed to issue in favour of CMT shares of NEWLEAD's common stock with total value of D 132,250 (United States Dollars One hundred thirty two thousand two hundred fifty) at the time of issuance (the "Shares"). The share price to be used for the calculation of the shares to be issued will be the average of the closing price of NEWLEAD's common stock for the last 10 trading days prior to the date of signing of this Agreement. The number of shares to be issued will be such number that, when multiplied by the share price calculated in accordance herewith, will result to a value of D 132,250 (United States Dollars One hundred thirty two thousand two hundred fifty). The Shares will be issued in full and final settlement of the Receivable and CMT hereby agrees to accept the Shares in full and final settlement of the Receivable.
Settlement of Receivables. 130 ARTICLE XI FINANCIAL COVENANTS
Settlement of Receivables. Neither Borrower shall, nor shall either Borrower permit any of its Subsidiaries to, settle or adjust disputes and claims with respect to any of its Receivables with respect to which any discount, credit or allowance is granted to any customer or account debtor or accept any return of merchandise, in either instance, in excess of $1,000,000 without the consent of the Administrative Agent, except for discounts, credits and allowances made or given in the ordinary course of business and of which written notice is given to the Administrative Agent.
Settlement of Receivables. 2.1 M&F has agreed to accept from NEWLEAD payment in kind (namely, shares of NEWLEAD's common stock) instead of cash in full and final satisfaction of the Receivable. Accordingly, NEWLEAD has agreed to issue in favour of M&F shares of NEWLEAD's common stock with total value of USD 390,000 (United States Dollars three hundred ninety thousand) at the time of issuance (the "Shares"). The share price to be used for the calculation of the shares to be issued will be the average of the closing price of NEWLEAD's common stock for the last 10 trading days prior to the date of signing of this Agreement. The number of shares to be issued will be such number that, when multiplied by the share price calculated in accordance herewith, will result to a value of USD 390,000 (United States Dollars three hundred ninety thousand). The Shares will be issued in full and final settlement of the Receivable and M&F hereby agrees to accept the Shares in full and final settlement of the Receivable.
Settlement of Receivables. 2.1 KMA has agreed to accept from NEWLEAD payment in kind (namely, shares of NEWLEAD's common stock) instead of cash in full and final satisfaction of the Receivable. Accordingly, NEWLEAD has agreed to issue in favour of KMA shares of NEWLEAD's common stock with total value of USD 837,000 at the time of issuance (the "Shares"). The share price to be used for the calculation of the shares to be issued will be the average of the closing price of NEWLEAD's common stock for the last 10 trading days prior to the date of signing of this Agreement. The number of shares to be issued will be such number that, when multiplied by the share price calculated in accordance herewith, will result to a value of USD 837,000. The Shares will be issued in full and final settlement of the Receivable and KMA hereby agrees to accept the Shares in full and final settlement of the Receivable.
Settlement of Receivables. No Loan Party shall enter into a settlement compromising or otherwise affecting amounts in excess of a face amount of $20,000 owed to such Loan Party or its Subsidiary under any Basic Document pursuant to which such Loan Party or such Subsidiary is the Operator without the Lender's consent, which consent shall not be unreasonably withheld.
