Payment of Fees Contract Clauses (45)

Payment of Fees. As consideration for the Foundation causing the Letter of Credit to be issued, until the expiration of the Term or such time as the Letter of Credit is otherwise terminated and is no longer outstanding and all amounts drawn on the Letter of Credit have been repaid in full, Great Basin shall pay to the Foundation an amount equal to ten percent (10%) of the Credit Amount per annum (regardless of whether any amount has been drawn on the Letter of Credit), to be paid at the times and in the amounts ...set forth on Schedule A attached hereto. -1- 3. Security Agreement. All obligations of Great Basin under this Agreement and the Letter of Credit, will be secured by a Security Agreement substantially in the form of Exhibit A attached hereto, to be executed by Great Basin in favor of the Foundation and encumbering all of the assets of Great Basin, as more specifically set forth in such Security Agreement (the "Security Agreement"). The Foundation hereby agrees that upon the request of Onset Financial, Inc. ("Onset"), subject to the consent of the Foundation, which consent will not be unreasonably withheld, the Foundation will subordinate the lien created by the Security Agreement to the first position lien proposed to be granted by Great Basin in favor of Onset, as referenced in the Security Agreement. View More

Payment of Fees. Consultant may instruct ARC, in writing, to make payments earned under this Agreement to any other company or individual as full and absolute settlement of such fees so long as doing so conforms to appropriate statutes, including without limitation US or international tax law, the Patriot Act or other such legislation, and SEC regulations. 3 8. Confidentiality, Non-Competition and Non-Circumvention. During the term of this Agreement and for a period of two (2) years after, ARC and Consultant agr...ee that neither of them, nor any affiliate of them, directly or indirectly, or in any other capacity, will (i) in any manner influence any person who is an employee of the other Party to leave such service or hire any such person, (ii) contact or solicit any Person that is or at any time within the one year period immediately prior to the date of this Agreement was a customer of ARC or Consultant for the purpose of providing products, services or business competitive with that provided by the other PARTY, or provide any such products, services or business to any such Person, (iii) request or advise any suppliers, customers or accounts of the other Party to withdraw, curtail or cancel any business that is placed with the other Party, (iv) use or disclose, or cause to be used or disclosed, any secret, confidential or proprietary information of either Party, which is stipulated by either Party as confidential, regardless of the fact that ARC and/or Consultant or any ARC Affiliate may have participated in the development of that information, or (v) make any disparaging remarks about the other Party, their employees or officers, or their services, practices or conduct. View More