When Due. Executive (or his estate as the case may be) shall be entitled to the Deferred Compensation as calculated below, the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Executive's employment is terminated for any of the following reasons herein: (A) death of Executive; (B) termination by the Company without cause pursuant to Section 3(c); (C) termination by Executive upon default by the Company pursuant to Section 3(d); (D) termination by Executive after a Change of Control pursuant to Section 3(e); (E) termination by the Executive pursuant to Section 3(f); (F) termination by the Company pursuant to Section 3(h); or (G) termination by the Company pursuant to Section 7(a).
When Due. All Annual Fees shall be paid on January 1st of each year. All pro-rata payments made during the year shall be based on this date. All payments shall be paid within 30 days of invoicing.
When Due. Employee shall be entitled to the Deferred Compensation as calculated below, the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Employee's employment is terminated for any of the following reasons herein: (A) termination by the Company without cause pursuant to Section 3(c); (B) termination by Employee upon default by the Company pursuant to Section 3(d); (C) termination by Employee after a Change of Control pursuant to Section 3(h) or; (D) termination by the Employee pursuant to Section 3(e).
When Due. All Union dues shall be sent to the Union by the Employer by the tenth (10th) day of the month following the month in which the work was performed. The Employer shall report the hours worked on the form furnished by the Trust Fund.
When Due. The date for the payment will be the date specified by the Bank in its notification to the Company, which date shall be the latest day allowed by law.
When Due. Accrued Guarantee Commission for each Guarantee shall be paid in arrear on each 30 March, 30 June, 30 September and 30 December of each year falling during such period and on the applicable Guarantee Termination Date.
When Due. Invoices are rendered for the Final Purchase Price immediately after each auction. Buyer may pay each invoice upon receipt, but in any event must pay each invoice within thirty (30) days following its receipt. All payments received more than 35 days after the sale will be subject to a monthly interest charge of 1.5% per month until the invoice is paid in full.
When Due. Interest on the Loan accrued at the Cash Interest Rate shall be due and payable in arrears on the last day of each month commencing May 31, 2019. Interest on the Loan accrued at the PIK Interest Rate shall be automatically capitalized, compounded and added to the principal amount of the Loan on each last day of each quarter unless paid in cash on or prior to the last day of each quarter; provided that (a) interest accrued pursuant to Section 2.8.3 shall be payable on demand, and (b) in the event of any repayment or prepayment of any Loan, accrued interest on the principal amount repaid or prepaid (including interest accrued at the PIK Interest Rate and not yet added to the principal amount of the Loan) shall be payable on the date of such repayment or prepayment. Notwithstanding the foregoing, all interest on the Loan, whether accrued at the Cash Interest Rate or the PIK Interest Rate, shall be due and payable in cash on the Maturity Date unless payment is sooner required by this Agreement.
When Due. The monthly report shall be delivered to the Treasurer not later than the fifteenth (15th) day after the end of each calendar month, or when requested by the Treasurer, and shall contain the applicable information for the preceding calendar month. The report shall be submitted under oath, and signed by the president or other duly authorized officer of the institution, and by the individual who prepared the report.
When Due. Unless SHOPPE COMPANY establishes a different due date under Section 9.6.3, ROYALTY payments are due at the same time FRANCHISEE report its GROSS SALES under Section 9.4.
