Later Payment definition

Later Payment has the meaning accorded such term in Section 3.03.

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Later Payment has the meaning accorded such term in Section 6.03.

Later Payment has the meaning set forth in Section 4.03 hereof.

Examples of Later Payment in a sentence

• In the case of any payment that the Company is required to make to Executive pursuant to the preceding sentence (a "LATER PAYMENT"), the Company shall also pay to Executive an additional amount such that after payment by Executive of all of Executive's applicable Federal, state and local taxes, including any interest and penalties assessed by any taxing authority, on Later Payment, Executive will retain an amount equal to the Later Payment.

• However, in the event Executive dies prior to the Later Payment Date, the amounts deferred on account of Treas.

• However, if Executive dies prior to the Later Payment Date, the amounts deferred on account of Treas.

• Upon the payment in full of such Later Payment Amount, the Holder shall promptly surrender this Note to or as directed by the Company.

• If any Event of Default occurs, at the Holder’s election, the Later Payment Amount shall become immediately due and payable in cash.

• In the case of any payment that the Company is required to make to Participant pursuant to the preceding sentence (a “Later Payment”), the Company shall also pay to Participant an additional amount such that after payment by Participant of all Participant’s applicable federal, state and local taxes on such additional amount, Participant will retain an amount sufficient to pay the total of Participant’s applicable federal, state and local taxes arising due to the Later Payment.

• If this Note shall not have been paid in full as provided herein on or prior to the Later Payment Date, then the Company shall issue and deliver to the Holder in accordance with the Purchase Agreement as number of shares of Common Stock equal to the Original Principal Amount of this Note and the Additional Commitment Shares Ratio (as defined in the Purchase Agreement.

• The Company may prepay this Note in full at any time after the Original Issue Date and prior to the Maturity Date in an amount equal to the Payment Amount or, if on or after the Later Payment Date, the Later Payment Amount.

• File Now Pay Later Payment Options □ 12 equal monthly payments of $ □ 24 equal semi-monthly payments of $ □ 26 equal bi-weekly payments of $ □ 52 equal weekly payments of $ THERE ARE IMPORTANT DISCLOSURES CONCERNING THE FILE NOW PAY LATER OPTION THAT ARE FOUND BELOW AND THAT YOU SHOULD READ VERY CAREFULLY BEFORE SELECTING THIS OPTION.

• Interest shall accrue on the Later Payment Principal Amount of this Note from the Later Payment Date (or any earlier date on which an Event of Default, if any, shall occur) at an annual rate of fifteen percent (15%), and such interest shall be payable in cash on each Payment Date.

More Definitions of Later Payment

Later Payment shall have the meaning accorded such term in Section 11 hereof.

Later Payment means the sum of: (1) Later Day Principal Amount, plus (2) all accrued and unpaid interest thereon, if any, plus (3) all other amounts, costs, expenses, and liquidated damages due in respect of this Note, if any.