Grouped Into 26 Collections of Similar Clauses From Business Contracts
This page contains Payment Terms clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Payment Terms. Maker agrees to remit payment in full of all principal and interest due hereunder to Holder on or before April 30, 2019 ("Maturity"). Accrued interest on this Note shall be payable at Maturity to the Holder. Maker shall have the right to prepay this Note by paying all of the principal and accrued interest owing under the Note at the time of prepayment. All payments shall be applied first to late charges, then to interest, then to principal and shall be credited to the Maker's account on the date... that such payment is physically received by the Holder.View More
Payment Terms. Maker agrees to remit payment in full of all principal and interest due hereunder to Holder on or before April 30, October 31, 2019 ("Maturity"). Accrued interest on this Note shall be payable at Maturity to the Holder. Maker shall have the right to prepay this Note at any time by paying all of the principal and accrued interest owing under the Note at the time of prepayment. prepayment upon provide the Holder ten (10) days advanced written notice, during which time, the Holder may exercise its ...conversion rights hereunder. All payments shall be applied first to late charges, then to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. View More
Payment Terms. Maker agrees to remit payment in full of all principal and any accrued but unpaid interest due hereunder to Holder on or before April 30, 2019 two days' written notice from Holder ("Maturity"). Accrued interest Interest on this Note shall be payable at Maturity to the Holder. Maker shall have the right to prepay this Note by paying all of the principal and accrued but unpaid interest owing under the Note at the time of prepayment. All payments shall be applied first to late charges, then to inte...rest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. View More
Payment Terms. Maker agrees to remit payment in full of all principal and interest due hereunder to Holder on or before April 30, 2019 ("Maturity"). August 1, 2015. Accrued interest on this Note shall be payable at Maturity quarterly to the Holder. The first payment is due 90 days from the date this Note is funded. Maker shall have the right to prepay under this Note by paying 115% of all of the principal and accrued interest owing under the Note at the time of prepayment. All payments shall be applied first t...o late charges, then to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. View More
Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Payee in cash in immediately available funds in lawful money of the United States by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker hereunder shall be applied first to expenses recoverable... under Section 13, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension.View More
Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker Issuer to the Payee in cash Cash in immediately available funds in lawful money of the United States of America, by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker hereunder shall be applied first... to expenses recoverable under Section 13, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension. Any amounts repaid or prepaid under this Note shall not be reborrowed. View More
Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Payee Lender and shall be paid in cash in immediately available funds in lawful money of the United States by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker hereunder shall be applied firs...t to expenses recoverable under Section 13, 16, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension. extension 6. Use of Proceeds. Proceeds from the advances hereunder from the Lender shall be used for the normal course of the Maker's business operations only pursuant to the terms and conditions hereunder. View More
Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Payee in cash in immediately available funds in lawful money of the United States U.S. dollars, by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made to the Payee without withholding, defense, set-off, counterclaim or deduction. deduction; provided that the Payee agrees that the Maker may offset any and all amounts owing by i...t hereunder against any amounts owed to the Parent under the Backstop Agreement. Payments and prepayments made to the Payee by the Maker hereunder shall be applied first to expenses recoverable under Section 13, 11, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension. View More
Payment Terms. a. All principal and accrued interest then outstanding shall be due and payable by the Maker on or before two (2) Years from the date hereof (the "Maturity Date"). b. Accrued interest hereunder shall be due and payable from Maker to Holder on a semi-annual basis, with the first such payment being due on December 31, 2013, and future payments being due each six (6) months thereafter until the Maturity Date or until earlier redemption of this Note under the terms hereof. c. At any time after the d...ate hereof and before the Maturity Date, this Note may be paid or redeemed in whole, or in part on one or more occasions, at the sole option of the Maker. d. All payments of interest hereunder may, at the sole option of the Maker, be paid in validly issued shares of common stock in the Maker, par value $0.001, issued to Holder. Common stock issued to Holder as payment hereunder shall be valued at a price per share equal to the average of the closing market prices (VWAP) for the Maker's common stock during the twenty (20) trading days immediately preceding the due date for such payment. e. All payments shall be applied first to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder.View More
Payment Terms. a. All principal and accrued interest then outstanding shall be due and payable by the Maker on or before two (2) Five (5) Years from the date hereof (the "Maturity Date"). b. Accrued interest hereunder shall be due and payable from Maker to Holder on a semi-annual basis, with the first such payment being due on December 31, 2013, January 1, 2019, and future payments being due each six (6) months thereafter until the Maturity Date or until earlier redemption of this Note under the terms hereof. ...c. At any time after the date hereof and before the Maturity Date, this Note may be paid prepaid or redeemed in whole, or in part on one or more occasions, at the sole option of the Maker. occasions. d. All payments of interest hereunder may, at the sole option of the Maker, be paid in validly issued shares of common stock in the Maker, par value $0.001, issued to Holder. Common stock issued to Holder as payment hereunder shall be valued at a price per share equal to the average of the closing market prices (VWAP) for the Maker's common stock during the twenty (20) five (5) trading days immediately preceding the due date for such payment. e. All payments shall be applied first to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. View More
Payment Terms. a. All principal and accrued interest then outstanding shall be due and payable by the Maker on or before two (2) Years one hundred eighty (180) days from the date hereof (the "Maturity Date"). b. Accrued interest hereunder shall be due and payable from Maker to Holder on a semi-annual semi- annual basis, with the first such payment being due on December March 31, 2013, 2014, and future payments being due each six (6) three (3) months thereafter until the Maturity Date or until earlier redemptio...n of this Note under the terms hereof. In addition the Holder will receive $2,500.00 in loan origination fees, payable over the term of the Note. c. At any time after the date hereof and before the Maturity Date, this Note may be paid or redeemed in whole, or in part on one or more occasions, at the sole option of the Maker. d. All payments of interest hereunder may, at the sole option of the Maker, be paid in validly issued shares of common stock in the Maker, par value $0.001, issued to Holder. Common stock issued to Holder as payment hereunder shall be valued at a price per share equal to the average of the closing market prices (VWAP) for the Maker's common stock during the twenty (20) trading days immediately preceding the due date for such payment. e. All payments shall be applied first to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. View More
Payment Terms. a. All principal principal, loan fees and accrued interest then outstanding shall be due and payable by the Maker on or before two (2) Years six months from the date hereof (the "Maturity Date"). Date"): b. Accrued interest hereunder shall be due monthly and payable from Maker to Holder on a semi-annual quarterly basis, with the first such payment being due on December 31, 2013, June 27, 2015, and future payments payment being due each six (6) three (3) months thereafter until the Maturity Date ...or until earlier redemption of this Note under the terms hereof. c. At any time after the date hereof and before the Maturity Date, this Note may be paid or redeemed in whole, or in part on one or more occasions, at the sole option of the Maker. d. All payments of interest hereunder may, at the sole option of the Maker, be paid in validly issued shares of common stock in the Maker, par value $0.001, issued to Holder. Common stock issued to Holder as payment hereunder shall be valued at a price per share equal to the average of the closing market prices (VWAP) for the Maker's common stock during the twenty (20) trading days immediately preceding the due date for such payment. e. d. All payments shall be applied first to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. e. Within 30 days of the date hereof, 50,000 validly issued shares of common stock in the Maker, par value $0.001, restricted for six months, issued to the Holder, as prescribed in written instructions by the Holder. f. At any time after the date hereof and before the Maturity Date, this Note may be paid or redeemed in whole, or inpart on one or more occasions, at the sole option of the Maker. In the event that this Note and any outstanding accrued interest is paid prior to the Maturity Date, Maker shall also be obligated to remit the above-referenced $10,000.00 loan fee to Holder. View More
Payment Terms. The Borrowers hereby jointly and severally covenant and agree to repay this Note as follows: (a) Principal and interest on this Note shall be due and payable as follows: (i) one hundred nineteen (119) equal monthly payments of principal and interest based on a fifteen (15) year amortization on the twentieth (20th) day of each calendar month commencing January 20, 2020 and ending November 20, 2029; followed by (ii) a final payment on the Maturity Date equal to the remaining outstanding principal ...of this Note plus accrued unpaid interest and fees thereon. (b) If any payment under this Note shall become due on a Saturday, Sunday or public holiday under the laws of the Commonwealth of Pennsylvania, such payment shall be made on the next succeeding business day and such extension of time shall be included in computing interest in connection with such payment. 'Payments received will be applied to charges, fees and expenses (including attorneys' fees), accrued interest and principal in any order the Lender may choose, in its sole discretion.View More
Payment Terms. The Borrowers hereby jointly and severally covenant and agree to repay this Note as follows: (a) Principal and interest on this Note shall be due and payable as follows: (i) one hundred nineteen (119) ninety-two (92) equal monthly payments of principal and interest based on a fifteen (15) year amortization on the twentieth (20th) day of each calendar month commencing January April 20, 2020 2019 and ending November 20, 2029; 2026; followed by (ii) (iii) a final payment on the Maturity Date equal ...to the remaining outstanding principal of this Note plus accrued unpaid interest and fees thereon. (b) If any payment under this Note shall become due on a Saturday, Sunday or public holiday under the laws of the Commonwealth of Pennsylvania, such payment shall be made on the next succeeding business day and such extension of time shall be included in computing interest in connection with such payment. 'Payments received will be applied to charges, fees and expenses (including attorneys' fees), accrued interest and principal in any order the Lender may choose, in its sole discretion. View More
Payment Terms. Payments of principal and interest due under this Note, if not sooner declared to be due in accordance with the provisions of this Note, shall be due and payable as follows: 6.1 Payment of Interest. Commencing on February 1, 2013, and continuing on the same day of each and every calendar month thereafter through and including the month in which the Maturity Date occurs, payments of accrued and unpaid interest on the principal balance of this Note outstanding from time to time shall be due and pa...yable in full. 6.2 Payment of Principal. Borrower shall repay principal in equal installments of $19,444.44 commencing on February 1, 2013, and continuing on the same day of each and every calendar month thereafter until the Maturity Date. On the Maturity Date, Borrower shall repay the remaining unpaid principal balance of this Note, together with all accrued and unpaid interest payable thereon, and any other amounts due and payable by Borrower under this Note or under any of the other Loan Documents.View More
Payment Terms. Payments of principal and interest due under this Note, if not sooner declared to be due in accordance with the provisions of this Note, shall be due and payable as follows: 6.1 7.1 Payment of Interest. Commencing on February 1, 2013, and continuing on the same day of each and every calendar month thereafter through and including the month in which the Maturity Date occurs, payments of accrued and unpaid interest on the principal balance of this Note outstanding from time to time shall be due an...d payable in full. 6.2 7.2 Payment of Principal. Borrower shall repay principal in equal installments of $19,444.44 commencing on February 1, 2013, and continuing on the same day of each and every calendar month thereafter until the Maturity Date. On the Maturity Date, Borrower shall repay the remaining The unpaid principal balance of this Note, together with all accrued and unpaid interest payable thereon, and any other amounts due and payable by Borrower under this Note or under any of the other Loan Documents. Documents, shall be due and payable in full upon the Maturity Date. View More
Payment Terms. The Borrower shall pay accrued interest on the unpaid principal balance of this Note in arrears: (a) for the portion of advances bearing interest under the Base Rate Option, on the first day of each month during the term hereof, (b) for the portion of advances bearing interest under the LIBOR Option, on the last day of the respective LIBOR Interest Period for such advance, (c) if any LIBOR Interest Period is longer than three (3) months, then also on the three (3) month anniversary of such inter...est period and every three (3) months thereafter, and (d) for all advances, at maturity, whether by acceleration of this Note or otherwise, and after maturity, on demand until paid in full. All outstanding principal and accrued interest hereunder shall be due and payable in full on the Expiration Date. If any payment under this Note shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing interest in connection with such payment. The Borrower hereby authorizes the Bank to charge the Borrower's deposit account at the Bank for any payment when due hereunder. Payments received will be applied to charges, fees and expenses (including attorneys' fees), accrued interest and principal in any order the Bank may choose, in its sole discretion.View More
Payment Terms. The Borrower shall pay accrued interest on the unpaid principal balance of this Note Note, in arrears: (a) for the portion of advances bearing interest under the Base Rate Option, on the first day of each month during the term hereof, (b) for the portion of advances bearing interest under the LIBOR Option, on the last day of the respective LIBOR Interest Period for such advance, (c) if any LIBOR Interest Period is longer than three (3) months, then also on the three (3) month anniversary of such... interest period and every three (3) months thereafter, and (d) for all advances, on the Conversion Date and at maturity, whether by acceleration of this Note or otherwise, and after maturity, on demand until paid in full. All outstanding principal (other than the Converted Advances) and all accrued interest hereunder (including accrued interest on the principal amount of the Converted Advances) shall be due and payable in full on the Expiration Date. From and after the Conversion Date, the principal amount of the applicable Converted Advances shall be due and payable in twenty-three (23) equal consecutive monthly installments, each of which shall be in an amount determined by dividing the amount of the aggregate principal amount of the Converted Advances on the Conversion Date by forty-eight (48), and continuing on the last day of each month thereafter until the second anniversary of the Conversion Date (the "Maturity Date"), at which time a final installment shall be payable in an amount equal to the remaining outstanding principal balance of such Converted Advances. All outstanding principal of the Converted Advances and accrued interest thereon shall be due and payable in full on the Maturity Date. If any payment under this Note shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing interest in connection with such payment. The Borrower hereby authorizes the Bank to charge the Borrower's deposit account at the Bank for any payment when due hereunder. Payments received will be applied to charges, fees and expenses (including attorneys' fees), accrued interest and principal in any order the Bank may choose, in its sole discretion. View More
Payment Terms. The Borrower shall pay accrued interest on the unpaid principal balance of this Note in arrears: (a) for the portion of advances bearing interest under the Base Rate Option and the Daily LIBOR Option, on the first last day of each month quarter during the term hereof, (b) for the portion of advances bearing interest under the LIBOR Option, on the last day of the respective LIBOR Interest Period for such advance, and (c) if any LIBOR Interest Period is longer than three (3) months, then also on t...he three (3) month anniversary of such interest period and every three (3) months thereafter, and (d) for all advances, at maturity, whether by acceleration of this Note or otherwise, and after maturity, on demand until paid in full. All outstanding principal and accrued interest hereunder shall be due and payable in full on the Expiration Date. If any payment under this Note shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing interest in connection with such payment. The Borrower hereby authorizes the Bank to charge the Borrower's deposit account at the Bank for any payment when due hereunder. Payments received will be applied to charges, fees and expenses (including attorneys' fees), accrued interest and principal in any order the Bank may choose, in its sole discretion.View More
Payment Terms. (a) Payment terms are [...***...]. The price of the product is F.O.B. Paramit's shipping dock (net of sales and use taxes, if any). All prices are in U.S. Dollars. Paramit will submit invoices to Customer upon shipment of the product. Each invoice will, at a minimum, refer to Customer's purchase order number, part number, unit price, and total price. If Customer does not object to an invoice within [...***...] from the date of the invoice, it is deemed correct. Customer will pay Paramit in full ...no later than [...***...] from the date of Paramit's invoice to Customer. If any sales or use tax applies to the sale or other disposition of product or materials or inventory, Customer will pay the tax. Customer acknowledges that sales tax may be incurred by scrapping materials or inventory. (b) Customer agrees to [...***...] to cover liability for excess materials and excess inventory based on reports from Paramit. Determination of actual excess amount, invoicing and payments for such excess materials shall be performed in accordance with section 7 and 8 of this Agreement. (c) If Customer does not wish to take delivery of product, and if Paramit agrees, in its sole discretion, to bill and hold, Paramit will transfer the product to an area on Paramit's premises that is segregated from Paramit's manufacturing inventory. Upon such transfer, Customer will be liable to pay for the product as though it were delivered to Customer. Paramit will store the product for a period not to exceed [...***...] from the date the product would otherwise have been shipped. All risk of loss to such product will be borne by Customer. Customer will sign an acknowledgment in a form requested by Paramit that title to the product passes to Customer, risk of loss to the product passes to Customer, and Customer is liable for the purchase price notwithstanding that delivery has not been made to Customer's location. (d) If Customer fails to pay an invoice within [...***...] after payment is first due, Paramit may suspend work on the product for which payment is overdue. If Customer fails to pay an invoice within [...***...] after payment is first due, Paramit may suspend work on all contracts with Customer and Customer shall be in breach of this agreement. Any sum owing to Paramit by Customer will bear interest at the rate of [...***...] per month, compounded monthly, from the date due until paid. A breach of this agreement by Customer is a breach by Customer of each other agreement with Paramit. (e) In the event of Customer's breach, Paramit is entitled to all remedies allowed by this agreement or by law. Among other things, Paramit may cancel all further obligations to Customer to manufacture or sell the product or to provide services. ***Confidential Treatment Requested MANUFACTURING SERVICES AGREEMENT 14. ENGINEERING CHANGE ORDER (ECO) MANAGEMENT To eliminate potential ambiguity, facilitating clear and effective ECO management, Paramit and Customer agree to the following steps: (1) Customer provides complete engineering ECO package to Paramit. (2) Paramit will review materials on hand, inventory, WIP, FGI, orders with suppliers, shipment schedules and provide impact analysis, which will also include any required WIP rework charges, if any. (3) Customer accepts outcome of ECO impact analysis in writing, prior to ECO implementation. (4) Upon receipt of written approval from Customer, Paramit will proceed with ECO implementation. (5) Customer will provide updated product purchase order(s), reflecting new revision within [...***...]. (6) Customer will issue PO for obsoleted components and required rework (if any) within a week of ECO impact analysis acceptance.View More
Payment Terms. (a) Payment terms are [...***...]. net [***]. The price of the product is F.O.B. Paramit's shipping dock [***] (net of sales and use taxes, if any). All prices are in U.S. Dollars. Paramit will submit invoices to Customer upon shipment of the product. Each invoice will, at a minimum, refer to Customer's purchase order number, part number, unit price, and total price. If Customer does not object to an invoice within [...***...] [***] days from the date of the invoice, it is deemed correct. Custom...er will pay Paramit in full no later than [...***...] [***] days from the date of Paramit's invoice to Customer. If any sales or use tax applies to the sale or other disposition of product or materials or inventory, Customer will pay the tax. tax; provided, however, if Paramit has the legal obligation to collect any such taxes, then such amount will be itemized and added to Customer's invoice and will be paid by Customer, unless Customer provides Paramit with a valid tax exemption certificate authorized by the appropriate taxing authority. Customer acknowledges that sales tax may be incurred by scrapping materials or inventory. (b) Customer agrees to [...***...] to cover liability for excess materials and excess inventory based on reports from Paramit. Determination of actual excess amount, invoicing and payments for such excess materials shall be performed in accordance with section 7 and 8 of this Agreement. (c) If Customer does not wish to take delivery of product, and if Paramit agrees, in its sole discretion, to bill and hold, Paramit will transfer the product to an area on Paramit's premises that is segregated from Paramit's manufacturing inventory. Upon such transfer, Customer will be liable to pay for the product as though it were delivered to Customer. Paramit will store the product for a period not to exceed [...***...] [***] days from the date the product would otherwise have been shipped. All risk of loss to such product will be borne by Customer. Customer will sign an acknowledgment in a form requested by Paramit that title to the product passes to Customer, risk of loss to the product passes to Customer, and Customer is liable for the purchase price notwithstanding that delivery has not been made to Customer's location. (d) Form: SAL-F-0024 Rev 04 Printed 4/15/2016 1:12 PM *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. MANUFACTURING SERVICES AGREEMENT (c) If Customer fails to pay an invoice within [...***...] [***] days after payment is first due, Paramit may suspend work on the product for which payment is overdue. If Customer fails to pay an invoice within [...***...] [***] days after payment is first due, Paramit may suspend work on all contracts with Customer purchase orders submitted and Customer shall be in breach of this agreement. Any sum owing to Paramit by Customer will bear interest at the rate of [...***...] [***]% per month, compounded monthly, from the date due until paid. A breach of this agreement by Customer is a breach by Customer of each other agreement with Paramit. (e) (d) In the event of Customer's breach, Paramit is entitled to all remedies allowed by this agreement or by law. Among other things, Paramit may cancel all further obligations to Customer to manufacture or sell the product or to provide services. ***Confidential Treatment Requested MANUFACTURING SERVICES AGREEMENT 14. ENGINEERING CHANGE ORDER (ECO) MANAGEMENT (e) To eliminate potential ambiguity, facilitating clear and effective ECO management, secure payment of all sums owing to Paramit and under this agreement, Customer agree to the following steps: (1) grants Paramit a security interest in all goods held by Paramit for Customer provides complete engineering ECO package to Paramit. (2) under this agreement. In such case, Paramit will review materials on hand, inventory, WIP, FGI, orders with suppliers, shipment schedules halt performance of any Services and provide impact analysis, which will also include any required WIP rework charges, if any. (3) Customer accepts outcome of ECO impact analysis in writing, prior or stop further product shipments until all sum owing to ECO implementation. (4) Upon receipt of written approval from Customer, Paramit will proceed with ECO implementation. (5) Customer will provide updated product purchase order(s), reflecting new revision within [...***...]. (6) Customer will issue PO for obsoleted components and required rework (if any) within a week of ECO impact analysis acceptance. are fully paid. View More
Payment Terms. (a) Payment terms are [...***...]. net 30. The price of the product Product Price is F.O.B. FOB (Incoterms 2010) Paramit's shipping dock (net of sales and use taxes, if any). All prices are in U.S. Dollars. Paramit will submit invoices to Customer upon shipment of the product. Product. Each invoice will, at a minimum, refer to Customer's purchase order number, part number, unit price, and total price. If Customer does not object to an invoice within [...***...] 30 days from the date of the invoi...ce, it is deemed correct. Customer will pay Paramit in full no later than [...***...] 30 days from the date of Paramit's invoice to Customer. If any sales or use tax applies to the sale or other disposition of product or materials or inventory, Customer will pay the tax. Customer acknowledges that sales tax may be incurred by scrapping materials or inventory. (b) Customer agrees to [...***...] to cover liability for excess materials and excess inventory based on reports from Paramit. Determination of actual excess amount, invoicing and payments for such excess materials shall provide financial information that includes [***], upon request. This information will not be performed in accordance with section 7 and 8 of this Agreement. requested more frequently that once a month. (c) If Customer does not wish to take delivery of product, and if Paramit agrees, in its sole discretion, to bill and hold, hold product in its possession, Paramit will transfer the product Product to an area on Paramit's premises that is segregated from Paramit's manufacturing inventory. Upon such transfer, Customer will be liable to pay for the product Product as though it were delivered to Customer. Paramit will store the product for a period not to exceed [...***...] 90 days from the date the product Product would otherwise have been shipped. All risk of loss to such product will be borne by Customer. Customer will sign an acknowledgment in a form requested by Paramit that title to the product passes to Customer, risk of loss to the product passes to Customer, and Customer is liable for the purchase price notwithstanding that delivery has not been made to Customer's location. Product in Paramit possession under the terms of this Section will not be pledged or encumbered in any way. Portions of this Exhibit, indicated by the mark "[***]," were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant's application requesting confidential treatment pursuant to Rule 406 of the Securities Act of 1933, as amended. 14 (d) If Customer fails to pay an invoice within [...***...] 30 days after payment is first due, Paramit may suspend work on the product Product for which payment is overdue. If Customer fails to pay an invoice within [...***...] 60 days after payment is first due, Paramit may suspend work on all contracts with Customer and Customer shall be in breach of this agreement. Agreement. Any sum owing to Paramit by Customer will bear interest at the rate of [...***...] 1% per month, compounded compound monthly, from the date due until paid. A breach of this agreement by Customer is a breach by Customer of each other agreement with Paramit. (e) In the event of Customer's material breach, Paramit is entitled to all remedies allowed by this agreement Agreement or by law. Among other things, Paramit may cancel all further obligations to Customer to manufacture or sell the product Product or to provide services. ***Confidential Treatment Requested MANUFACTURING SERVICES AGREEMENT 14. ENGINEERING CHANGE ORDER (ECO) MANAGEMENT To eliminate potential ambiguity, facilitating clear and effective ECO management, Paramit and Customer agree to the following steps: (1) Customer provides complete engineering ECO package to Paramit. (2) Paramit will review materials Materials on order, on hand, inventory, WIP, FGI, orders with suppliers, Inventory, shipment schedules and provide impact analysis, analysis to Customer, which will also include any required WIP Inventory rework charges, if any. charges. (3) Customer accepts may accept the outcome of ECO impact analysis in writing, writing or ask for a revision and thereafter may accept the revised ECO impact analysis in writing or withdraw the change proposal, prior to ECO implementation. (4) Upon receipt of written approval of the impact analysis from Customer, Paramit will proceed with ECO implementation. (5) Customer will provide updated product Product purchase order(s), reflecting new revision within [...***...]. (6) 2 business days of providing written approval for ECO implementation to Paramit. Customer will issue PO for obsoleted components and required rework (if any) of existing inventory within a week of providing written approval for ECO impact analysis acceptance. implementation to Paramit. View More
Payment Terms. Borrower will pay this Note as follows: A. No Payments During Deferral Period. There shall be no payments due by Borrower during the Deferral Period. B. Principal and Interest Payments. Commencing one month after the expiration of the Deferral Period, and continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender monthly payments of principal and interest, each in such equal amount required to fully amortize the principal amount outstanding on the N...ote on the last day of the Deferral Period by the Maturity Date. C. Maturity Date. On the Maturity Date, Borrower shall pay to Lender any and all unpaid principal plus accrued and unpaid interest plus interest accrued during the Deferral Period. This Note will mature on the Maturity Date. D. If any payment is due on a date for which there is no numerical equivalent in a particular calendar month then it shall be due on the last day of such month. If any payment is due on a day that is not a Business Day, the payment will be made on the next Business Day. The term "Business Day" means a day other than a Saturday, Sunday or any other day on which national banking associations are authorized to be closed. E. Payments shall be allocated among principal and interest at the discretion of Lender unless otherwise agreed or required by applicable law. Notwithstanding, in the event the Loan, or any portion thereof, is forgiven pursuant to the Paycheck Protection Program under the federal CARES Act, the amount so forgiven shall be applied to principal. F. Borrower may prepay this Note at any time without payment of any premium.View More
Payment Terms. Borrower will pay this Note as follows: DocuSign Envelope ID: 496E3678 - 2AD3 - 4B91 - 942D - 24C91E840A19 DocuSign Envelope ID: 496E3678 - 2AD3 - 4B91 - 942D - 24C91E840A19 A. No Payments During Deferral Period. There shall be no payments due by Borrower during the Deferral Period. B. Principal and Interest Payments. Commencing one month after the expiration of the Deferral Period, and continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender mont...hly payments of principal and interest, each in such equal amount required to fully amortize the principal amount outstanding on the Note on the last day of the Deferral Period by the Maturity Date. C. Maturity Date. On the Maturity Date, Borrower shall pay to Lender any and all unpaid principal plus accrued and unpaid interest plus interest accrued during the Deferral Period. This Note will mature on the Maturity Date. D. If any payment is due on a date for which there is no numerical equivalent in a particular calendar month then it shall be due on the last day of such month. If any payment is due on a day that is not a Business Day, the payment will be made on the next Business Day. The term "Business Day" means a day other than a Saturday, Sunday or any other day on which national banking associations are authorized to be closed. E. Payments shall be allocated among principal and interest at the discretion of Lender unless otherwise agreed or required by applicable law. Notwithstanding, in the event the Loan, or any portion thereof, is forgiven pursuant to the Paycheck Protection Program under the federal CARES Act, the amount so forgiven shall be applied to principal. F. Borrower may prepay this Note at any time without payment of any premium. View More
Payment Terms. Borrower will pay this Note as follows: A. No Payments During Deferral Period. There shall be no payments due by Borrower during the Deferral Period. DocuSign Envelope ID: 78DB88BE-9794-4A1D-BCF9-220F69AC04C3 B. Principal and Interest Payments. Commencing one month after the expiration of the Deferral Period, and continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender monthly payments of principal and interest, each in such equal amount required ...to fully amortize the principal amount outstanding on the Note on the last day of the Deferral Period by the Maturity Date. C. Maturity Date. On the Maturity Date, Borrower shall pay to Lender any and all unpaid principal plus accrued and unpaid interest plus interest accrued during the Deferral Period. This Note will mature on the Maturity Date. D. If any payment is due on a date for which there is no numerical equivalent in a particular calendar month then it shall be due on the last day of such month. If any payment is due on a day that is not a Business Day, the payment will be made on the next Business Day. The term "Business Day" means a day other than a Saturday, Sunday or any other day on which national banking associations are authorized to be closed. E. Payments shall be allocated among principal and interest at the discretion of Lender unless otherwise agreed or required by applicable law. Notwithstanding, in the event the Loan, or any portion thereof, is forgiven pursuant to the Paycheck Protection Program under the federal CARES Act, the amount so forgiven shall be applied to principal. F. Borrower may prepay this Note at any time without payment of any premium. View More
Payment Terms. (a) Payment at Maturity. The principal amount of the Loan and all interest accrued thereon will be due either (a) within thirty (30) calendar days of the date in which the Case is settled; or (b) on the 36 month anniversary of the Effective Date, whichever is sooner (the "Maturity Date"). (b) Place of Payment. All payments to be made to the Lender hereunder shall be made in the lawful money of the United States in immediately available funds. Payments of principal and interest shall be delivered... to the Lender at the address to be specified by the Lender to the Borrower by prior written notice. (c) Prepayment. The Borrower may, but shall have no obligation to, prepay, in whole or in part, all or any portion of the principal amount of, and accrued interest on the Loan without being subject to any pre-payment penalty. Any prepayment shall be accomplished by the payment of all accrued and unpaid interest owed hereunder. (d) Release and Satisfaction Upon Complete Payment. Upon Lender's receipt of complete payment of the entire principal amount and all accrued interest on the loan, Lender shall timely execute an acknowledgement of release and satisfaction of the Loan Documents and surrender the Note as cancelled. (e) Withholding Taxes. If any withholding taxes are or become payable in respect of principal, interest or any other amount payable by the Borrower under this Loan Agreement or the Promissory Note, (i) all such amounts payable by the Borrower shall be increased by the amount of the withholding taxes, (ii) the Borrower shall make such additions, (iii) the Borrower shall pay the full amount required to be paid to the relevant taxing authority or other authority in accordance with applicable law, and (iv) Borrower and Lender shall cooperate and use commercially reasonable efforts to obtain a refund of any such withholding taxes, and all amounts received in connection therewith shall be paid to the Borrower.View More
Payment Terms. (a) Payment at Maturity. The principal amount of the Loan and all interest accrued thereon will be due either (a) within thirty (30) calendar days of the date in which the Case is settled; or (b) and payable on the 36 Twelve (12) month anniversary of the first Effective Date, whichever is sooner Date (the "Maturity Date"). Extensions of maturity will be allowed with mutual written acceptance. (b) Place of Payment. All payments to be made to the Lender hereunder shall be made in the lawful money ...of the United States in immediately available funds. Payments of principal and interest shall be delivered to the Lender at the address to be specified by the Lender to the Borrower by prior written notice. (c) Prepayment. The Borrower may, but shall have no obligation to, prepay, in whole or in part, all or any portion of the principal amount of, and accrued interest on the Loan without being subject to any pre-payment penalty. Any prepayment shall be accomplished by the payment of all accrued and unpaid interest owed hereunder. (d) Release and Satisfaction Upon Complete Payment. Upon Lender's receipt of complete payment of the entire principal amount and all accrued interest on the loan, loan or the exercise the Lender's option as described in Section 2(f) below and in accordance with the terms of the Option Agreement, Lender shall timely execute an acknowledgement of release and satisfaction of the Loan Documents and surrender the Note as cancelled. (e) Withholding Taxes. If any withholding taxes are or become payable in respect of principal, interest or any other amount payable by the Borrower under this Loan Agreement or the Promissory Note, (i) all such amounts payable by the Borrower shall be increased by the amount of the withholding taxes, (ii) the Borrower shall make such additions, (iii) the Borrower shall pay the full amount required to be paid to the relevant taxing authority or other authority in accordance with applicable law, and (iv) Borrower and Lender shall cooperate and use commercially reasonable efforts to obtain a refund of any such withholding taxes, and all amounts received in connection therewith shall be paid to the Borrower. View More
Payment Terms. Maker agrees to remit payment in full of all principal and interest due hereunder to Holder on or before September 14, 2014. All payments shall be applied first to late charges, then to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. Maker shall have the right to prepay all or any part of the principal under this Note without penalty.
Payment Terms. Maker agrees to remit payment in full of all principal and interest due hereunder to Holder on or before September 14, 2014. March 29, 2019. All payments shall be applied first to late charges, then to interest, then to principal principal, and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. Maker shall have the right to prepay all or any part of the principal under this Note without penalty.
Payment Terms. Maker agrees to remit payment in full of all principal and interest due hereunder to Holder on or before September 14, 2014. November 30, 2015. All payments shall be applied first to late charges, then to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. Maker shall have the right to prepay all or any part of the principal under this Note without penalty.
