TERM, CONDITION, PAYMENT AND DEPOSIT Sample Clauses

TERM, CONDITION, PAYMENT AND DEPOSIT. 8.1 The term of this Agreement and, unless otherwise specified therein, each Addenda made a part hereof shall be three (3) years from the first full month of service ("Effective Date"). This Agreement will automatically renew for consecutive one (1) year periods until either party provides the other with written notification of their intent of non-renewal. Such notification must be provided at least ninety (90) days prior to the termination date. In the event of non-renewal, CTC must remove all lines ("ANI's") PIC'd to RCI's feature groups by the termination date. Any ANI not removed from RCI's feature group by such time will be deleted from RCI's switch. CTC agrees to maintain a monthly minimum billing obligation as defined below: Month Amount Month Amount 1 $ 0 19 $325,000 2 $ 5,000 20 $350,000 3 $ 10,000 21 $350,000 4 $ 20,000 22 $350,000 5 $ 35,000 23 $350,000 6 $ 50,000 24 $350,000 7 $ 65,000 25 $350,000 8 $ 80,000 26 $350,000 9 $100,000 27 $350,000 10 $115,000 28 $350,000 11 $125,000 29 $350,000 12 $150,000 30 $350,000 13 $175,000 31 $350,000 14 $200,000 32 $350,000 15 $225,000 33 $350,000 16 $250,000 34 $350,000 17 $275,000 35 $350,000 18 $300,000 36 $350,000 CTC agrees to maintain a minimum monthly billing obligation for services commencing upon the first full month service during the ramp-up period of twenty (20) months as set forth above, and to maintain a three hundred and fifty thousand($350,000) per month billing obligation thereafter for the term of the Agreement. For the purpose of calculating CTC's total billing, RCI will aggregate all domestic, international, Canadian and directory assistance traffic originating on RCI's sub-CIC product. CTC agrees that RCI has the right to terminate this Agreement if CTC is not billing a minimum of seventy five thousand dollars ($75,000) per month by month twelve (12) through thirty six (36) of this Agreement.
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Related to TERM, CONDITION, PAYMENT AND DEPOSIT

  • Payment of Amounts Drawn Under Letters of Credit In the event of any request for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Bank shall notify the Applicable Borrower and the Administrative Agent on or before the date on which such Issuing Bank intends to honor such drawing, and the Applicable Borrower shall reimburse such Issuing Bank on the day on which such drawing is honored in an amount in same day funds equal to the amount of and in the same currency as such drawing; provided that, anything contained in this Agreement to the contrary notwithstanding, (i) unless the Applicable Borrower shall have notified the Administrative Agent and such Issuing Bank prior to Noon (New York time) on the Business Day of the date of such drawing that the Applicable Borrower intends to reimburse such Issuing Bank for the amount of such drawing with funds other than the proceeds of Revolving Loans, the Applicable Borrower shall be deemed to have timely given a Notice of Borrowing to the Administrative Agent requesting the Banks having Revolving Loan Commitments to make Revolving Loans that are Base Rate Loans on the Business Day following the date on which such drawing is honored in an amount equal to the Dollar Equivalent amount of such drawing, and (ii) the Banks shall, on the date of such drawing, make Revolving Loans that are Base Rate Loans in the amount of such drawing, the proceeds of which shall be applied directly by the Administrative Agent to reimburse such Issuing Bank for the Dollar Equivalent amount of such drawing; and further provided that if, for any reason, proceeds of Revolving Loans are not received by such Issuing Bank on such date in an amount equal to the amount of such drawing, such Issuing Bank shall be entitled to reimbursement in accordance with Section 1.04, on the Business Day (which shall be a business day under the laws of the jurisdiction of such Issuing Bank) immediately following the date of such drawing, in an amount in same day funds equal to the excess of the amount of such drawing over the amount of such Revolving Loans, if any, that are so received, plus accrued interest on such amount at the rate set forth in Section 1.13(f)(1)(i).

  • ADDITIONAL PAYMENT OBLIGATIONS 15. Tax gross-up and indemnities

  • Investment of Amounts in Special Payments Account Any amounts on deposit in the Special Payments Account prior to the distribution thereof pursuant to Section 2.4(b) or (c) shall be invested in accordance with Section 2.2(b). Investment Earnings on such investments shall be distributed in accordance with Section 2.4(b) or (c), as the case may be.

  • Additional Conditions to the Obligations of the Company The obligation of the Company to consummate and effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by the Company:

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Additional Conditions to Swingline Loans If a Swingline Loan is requested, all conditions set forth in Section 2.4 shall have been satisfied.

  • Conditions to Subsequent Advances Lenders will have no obligation to fund any Advance after the initial Revolving Loan Advance unless:

  • Additional Conditions to Revolving Loans If a Revolving Loan is requested, all conditions set forth in Section 2.1 shall have been satisfied.

  • Additional Conditions to Obligations of Target The obligations of Target to consummate and effect this Agreement and the transactions contemplated hereby shall be subject to the satisfaction at or prior to the Effective Time of each of the following conditions, any of which may be waived, in writing, by Target:

  • Additional Conditions to Obligations of Buyer The obligation of Buyer to consummate the Transactions shall also be subject to the satisfaction or waiver (where permissible), on or prior to the Closing Date, of each of the following conditions:

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