Payment Terms Contract Clauses (351)

Payment Terms. The Company promises to pay to Holder the balance of Principal, together with accrued and unpaid interest (which shall accrue until the Maturity Date) on October 1, 2016 (the "Maturity Date"), unless this Note is earlier prepaid as herein provided or earlier converted into Common Stock (as hereinafter defined) of the Company pursuant to Sections 4 hereof. All payments hereunder shall be made in lawful money of the United States of America. Payment shall be credited first to the accrued interest ...then due and payable and the remainder to Principal. View More

Payment Terms. (a) Payment. Buyer shall pay Seller the amount of ninety thousand dollars ($90,000.00) (the "Purchase Price"). The Purchase Price shall be paid as follows: (i) A 10% down payment equal to nine thousand dollars ($9,000) ("Down Payment") shall be due and owing on or before the Effective Date; and (ii) Eighty-one thousand dollars ($81,000), the remaining amount due, shall be evidenced by a Promissory Note, of even date herewith, made by Buyer in favor of Seller (the "Note"), which shall, provide th...at payments shall be paid by Buyer in twenty-four (24) equal monthly installments of three thousand three hundred seventy-five dollars ($3,375). Each installment payment shall be due and payable in full on the first day of each month, with the first payment being due on July 1, 2017. The Note shall also include the following terms: All payments due under the Note shall be in United States dollars and made by check or electronic transfer. (b) Late Payments. All late payments shall bear interest at the lesser of the rate of one percent (1%) per month or the highest rate permissible under applicable law, calculated daily and compounded monthly. Buyer shall also reimburse Seller for all costs incurred in collecting any late payments, including, without limitation, attorneys' fees. (c) No Setoff. Buyer shall not withhold payment of any amounts due and payable under this Agreement by reason of any setoff of any claim or dispute with the Seller, whether relating to Seller's breach, bankruptcy or otherwise. View More

Payment Terms. Interest only on amounts outstanding hereunder shall be due and payable monthly as it accrues, on the 1st day of each and every calendar month, beginning May 1, 2015, and continuing regularly and monthly thereafter until the Termination Date, when the entire amount hereof, principal and accrued interest then remaining unpaid, shall be then due and payable; interest being calculated on the unpaid principal each day principal is outstanding and all payments made credited to any collection costs an...d late charges, to the discharge of the interest accrued and to the reduction of the principal, in such order as Lender shall determine. View More

Payment Terms. The Company agrees to pay the Holder accrued interest hereunder beginning on the first Business Day of the month following the thirtieth day following the Receipt of Funds Date of this Note and continuing on the first Business Day of each month thereafter (each the "Monthly Payment Date" and the "Monthly Payment"), until the earlier of (i) the Maturity Date (when the entire then outstanding balance of this Note shall be due and payable), or (ii) the date that the Principal and accrued interest o...n the Note has been repaid in full or fully converted into shares of the Company's Common Stock as provided in Section 4 hereof. The "Maturity Date" of this Note shall be December 8, 2016. Payment shall be credited first to the accrued interest then due and payable and the remainder to Principal. View More

Payment Terms. Maker shall pay to Payee the monthly interest on the unpaid Principal in the manner and at the times specified in Article 2 of the Loan Agreement, which payments shall be applied in the order of priority set forth in said Article 2. Maker shall also pay to Payee interest at the Default Rate and the Late Payment Charges, and all other amounts due and payable as and when provided for in the Loan Agreement. The balance of the Principal, together with all accrued and unpaid interest thereon, and all... other amounts payable to Payee hereunder, under the Loan Agreement and under the other Loan Documents shall be due and payable on the Maturity Date. View More

Payment Terms. All principal and accrued interest due hereunder shall be paid in full upon the earlier of: (i) thirty (30) days following written demand therefor by Holder or, (ii) April 7, 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.

Payment Terms. The Maker shall irrevocably and unconditionally pay to Payee, without set-off or deduction, the Principal of this Note on the earlier of the Maturity Date or the Termination Date. The Principal shall bear interest on the unpaid amount thereof from the date of this Note until paid in full, at the rate of six percent (6%) per annum. Interest shall be payable upon maturity or acceleration. Payment is to be made in common stock of the company pursuant to Conversion Price as defined herein or in cash..., at the option of the Payee and shall be calculated on the basis of a year consisting of 365 days. Interest on the Principal amount of this Note following an Event of Default shall accrue at the rate of eighteen percent (18%) per annum, until paid. In no event shall Payee be entitled to receive interest in excess of the legally permissible rate of interest. In the event that Payee receives payments under this Note that are deemed excessive interest under applicable law, such excess will be applied first to the costs referred to in Section 12 hereof and then to the Principal of this Note. If, in such instance, such costs and the Principal are paid in full, any remaining excess shall be refunded to by the Maker. View More

Payment Terms. 6.1 Transfer Prices. 6.2 Royalty. 6.3 Royalty Reports and Payments. During the period during which BioCardia is obligated to pay a royalty to Biomet under Section 6.2, BioCardia shall provide a royalty report to Biomet, within forty five (45) days after the end of each calendar quarter, showing: (i) the aggregate Net Sales of the Product for such calendar quarter; and (ii) a calculation of total royalties due to Biomet under Section 6.2. Simultaneously with the delivery of each such report, BioC...ardia shall pay to Biomet the total royalties, if any, due to Biomet in accordance with Section 6.2 for the period of such report. Such reports shall be deemed to be the Confidential Information of BioCardia, even if not marked as confidential. 6 CONFIDENTIAL *** Confidential material redacted and filed separately with the Securities and Exchange Commission 6.4 Payment Method. All payments under this Agreement shall be made by bank wire transfer in immediately available funds to an account designated by the Party to which such payments are due. All payments under this Agreement shall be paid in United States Dollars. If any currency conversion shall be required in connection with the calculation of amounts payable hereunder, such conversion shall be made using the same exchange rates used by BioCardia for its own financial reporting purposes, or if none is used, then the average of the buying and selling rates on the day such payment is made as published by The Wall Street Journal, Internet Edition at www.wsj.com. 6.5 Withholdings. Any and all withholding or similar taxes imposed or levied on account of the payment of amounts under this Agreement, which are required to be withheld, shall be deducted by the payer prior to remittance and shall be paid to the proper taxing authority. Proof of payment shall be secured, if available, and sent to the payee as evidence of such payment in such form as required by the tax authorities having jurisdiction over the payer. Each Party agrees to cooperate with the other Party in claiming exemptions from such deductions or withholdings under any agreement or treaty from time to time in effect. View More

Payment Terms. All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made only upon the written consent of a Majority in Interest; provided, that all of the Notes shall be prepaid on a pro rata basis.

Payment Terms. Accrued interest will be due and payable on the 1st day of each month, beginning with the payment due on February 1st, 2018. The outstanding principal balance and any accrued but unpaid interest shall be due and payable 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 Borro...wer hereby authorizes the Bank to charge the Borrower's deposit account at the Bank for any payment when due hereunder. If the Borrower revokes this authorization for any reason whatsoever or fails to maintain a deposit account with the Bank which may be charged, the Bank may, at its option, upon thirty (30) days notice to the Borrower, increase the interest rate payable by the Borrower under this Note by twenty-five (25) basis points (0.25%). 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