No Payments definition

No Payments except as set forth in Schedule "A", no payments have been made or authorized since incorporation by each of BioSyntech, BSC and BSE to its officers, directors, former directors, shareholders or employees or to any person or company not dealing at arm's length (as such term is construed under the Income Tax Act (Canada)) with any of the foregoing, including by way of the repayment of a shareholder loan, except at the regular rates to them of salary, pension, bonuses, rents or other remuneration;
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Examples of No Payments in a sentence

  • A/c No: ----------------------- Payments to Party B: ------------------------------ ------------------------------ ------------------------------ A/c No: ----------------------- is a member of The Securities and Futures Authority and ------------------------- has entered into this transaction as principal.

  • Telecopy No.: __________________________ Payments made to the Owner Participant as provided in Section 3.06 of the Trust Indenture shall be made to: [Bank] [Address] New York, New York ABA No. ________________________________ Account No. ____________________________ Account Name: __________________________ Reference: _____________________________ Indenture Trustee: State Street Bank and Trust Company U.S. Mail Corporate Trust Department ▇.▇.

Related to No Payments

  • Payments has the meaning set forth in Section 6.12.1.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Payable means that a particular benefit shall be paid to Executive in the amount, at the time, and in the form specified herein.

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Amounts (As of Date of Item 2 above): a. Aggregate Commitment under Credit Agreement b. Assignee’s Percentage of the Aggregate Commitment purchased under this Assignment Agreement** %