Xxxxx Payment. After execution of this Agreement, the City of Minot will pay the grant funds for the Grant Project as follows:
1. Grantee shall send City of Minot Finance Director documentation establishing that the loan has been approved by Xxxxxxx’s Loan Review Committee and the Bank of North Dakota at least five (5) business days prior to an applicable closing.
2. City of Minot Finance Director, or his or her designee, after review of documents and confirmation that the documents and request are in conformance with the approved Grant Application and Grant Program, shall provide the requested funds to the Bank of North Dakota prior to the loan closing.
3. If the loan does not close, Xxxxxxx shall request Bank of North Dakota return funds to City of Minot as soon as it is determined the loan will not be closed.
4. Requested funding may be withheld if the information provided to the City of Minot Finance Director does not comply with the requirements of this Agreement or in the event of a breach of any of the terms of this Agreement by Grantee.
Xxxxx Payment. This is the last payment made to a contractor on a running account, on completion of this contract and the full settlement of the account.
Xxxxx Payment. The monthly lease payment for occupancy and use of the Premises shall be $ 650.00 (Six Hundred and fifty only) per month, exclusive of strata fees, property taxes and utilities, which shall also be the full responsibility of the Tenant. The monthly lease payment shall be due and payable, in advance, by the Tenant to the Owner at the Owner's office, set out above, on or before the first day of the month during the term of this Lease. If the monthly lease payment is made by cheque, the cheque shall be made payable to 543517 B.C. Ltd.
Xxxxx Payment. Provided Grantee is in compliance with the terms of this Agreement, Impact100 Chicago will pay the Grant in ____ (__) installments as follows: First: $_________ on or before __________________ Second: $_________ on or before __________________ Third….. Installment payments may be withheld or delayed in the event (i) a report required by paragraph II (B) is not received or not approved by Impact100 Chicago, (ii) there is a delay in completing the Grant Purposes or (iii) there is a breach of any of the terms of this Agreement by Grantee.
Xxxxx Payment. At the closing of Prime's purchase of the Loan, Xxxxx shall pay to Prime the sum of $1,735,500 as a capital contribution to CTA and as a payment of accrued interest on the Loan. Subject to Paragraph 13, Xxxxx hereby promises to pay to Prime, as a capital contribution to CTA and as a payment of accrued interest on the Loan, the additional amount of $380,700, with simple interest on the unpaid balance at the rate of 8% per annum, in installments as follows: $76,140 of principal plus interest on the outstanding balance from the date hereof or the date of the last payment made hereunder on the first and each succeeding anniversary of the date hereof until the fifth anniversary, at which all remaining amounts owed under this paragraph will be paid (the "Xxxxx Obligation"). Xxxxx reserves the right to prepay all or any part of the Xxxxx Obligation at any time without penalty or premium. Any prepayment shall be applied to the last installment. The Xxxxx Obligation is a personal obligation of Xxxxx. Prime shall have no obligation to make any indemnification payment or provide any Indemnification Security to Xxxxx if the Xxxxx Obligation is not paid when due as provided above, in accordance with Paragraph 15b.
Xxxxx Payment. At the Effective Time, the Bank shall pay as bonus to Xxxxx Xxxxx, the Bank’s President, an amount equal to $70,000 (the “Xxxxx Payment”); provided, however, that the Xxxxx Payment will not be paid unless the Bank has received approval from the OCC to make such payment; provided, further, that if the approval from the OCC is received and the Xxxxx Payment is made, the amount of the Xxxxx Payment shall be included in the Company Transactional Expenses.
Xxxxx Payment. That the amount of the grant payment represents full payment to the GRANTEE for the calendar year.
Xxxxx Payment. Provided Grantee is in compliance with the terms of this Agreement, Impact Grants Chicago will pay the Grant in installments as follows: First: $ on or before Second: $ on or before Third: $ on or before Fourth: $ on or before Impact Grants Chicago may withhold or delay installment payments in the event (i) a report required by paragraph II.B. is not received or not approved by Impact Grants Chicago, (ii) there is a delay in completing the Grant Purposes or (iii) Grantee breaches any of the terms of this Agreement.
Xxxxx Payment. Payments are nonrefundable.
Xxxxx Payment. Immediately prior to the Closing, Buyer shall pay to Xxxxxxx Xxxxx, on behalf of the Company, the Xxxxx Payment in consideration for Xxxxxxx Xxxxx'x transfer to the Company certain shares of Company Stock owned by Xxxxxxx Xxxxx and for other consideration.
