Payment Notice Date definition
Examples of Payment Notice Date in a sentence
The Payment Notice shall identify (1) the Funding Agreement, (2) the Trust, (3) the Payment Notice Date and (4) the amount of the Scheduled Payments not paid by Principal Life to the Trust as of the Payment Notice Date.
By way of example, if the amount of cash required to repay all amounts due pursuant to Clause 6.4.1 would, but for this Clause 9.2, be £1,000 and if the Closing Date Exchange Rate is 1.50 and the relevant Cash Payment Notice Date Exchange Rate is 1.45 then the amount of cash from the Cash Payment required to repay all amounts due pursuant to Clause 6.4.1 will be £1,034.48.
In the event the VWAP for any of the last five trading days of the Pricing Period is less than $7.00 per share of Common Stock or the trading volume reported by Bloomberg LP for the principal trading market for the Common Stock is less than 1,000,000 shares for any such trading day, then each Buyer for himself by written notice to Gunnerman and the Escrow Agent not later than the Payment Notice Date may elect to not purchase the portion of the Purchased Stock to be priced during the Pricing Period.
At least five Business Days before each Monetization Payment Offer Date, the Company shall give written notice setting forth each Monetization Event which has occurred since the previous Monetization Payment Notice Date to each holder of Notes.
Not later than five trading days after the Payment Notice Date, each Buyer shall deliver to Grushko & ▇▇▇▇▇▇▇, P.C., pursuant to the Escrow Agreement, its Proportionate Amount of the aggregate Purchase Price for the 1,250,000 shares of Purchased Stock to be priced during the Pricing Period.
By way of example, if the amount of cash required to repay all amounts due pursuant to Clause 6.3(a) would, but for this Clause 11.2, be US$1,000 and if the Closing Date Exchange Rate is 1.80 and the relevant Cash Payment Notice Date Exchange Rate is 1.75 then the amount of cash from the Cash Payment required to repay all amounts due pursuant to Clause 6.3(a) will be US$1,028.57.
If the Defaulting Party disputes in good faith the Non-Defaulting Party’s calculation of the Settlement Amount or Termination Payment, in whole or in part, the Defaulting Party will, within two (2) Business Days of receipt of the Non-Defaulting Party’s calculation, provide the Non-Defaulting Party a detailed written explanation of the basis for such dispute, and pay the undisputed amount of the Termination Payment within five (5) Business Days following the Termination Payment Notice Date.
Not less than 20 Trading Days prior to each Interest Payment Date (the "Interest Payment Notice Date"), the Company shall provide the Holder with written notice of its election to pay interest hereunder either in cash or shares of Common Stock (the Company may indicate in such notice that the election contained in such notice shall continue for later periods until revised) and the exact combination thereof.
If any amount withheld under dispute is finally determined to have been due, such withheld amount will be forwarded to the Party to whom such amount is owed within five (5) Business Days of such determination, along with interest at the Interest Rate for overdue payments from, and including, the Termination Payment Notice Date, but excluding the date paid.
Not later than five trading days after the Payment Notice Date, each Buyer shall deliver to Grushko & M▇▇▇▇▇▇, P.C., pursuant to the Escrow Agreement, its Proportionate Amount of the aggregate Purchase Price for the 1,250,000 shares of Purchased Stock to be priced during the Pricing Period.