Payments Contract Clauses (2,652)

Payments. 3.1 [ * ] 3.2 Following option exercise, advance payments in the amounts and at the dates pursuant to the appropriate advance payment schedule as set forth in the Attachment will be payable for the Option Aircraft. The remainder of the Aircraft Price for the Option Aircraft will be paid at the time of delivery.

Payments. 3.1 Maturity Date and Scheduled Amortization. (a) Maturity Date. The aggregate unpaid principal amount of the Loan, all accrued and unpaid interest thereon, and all other amounts payable under this Note shall be due and payable on the Maturity Date, unless otherwise provided in or paid pursuant to Sections 3.1(b), 3.2 or 3.3 or in Section 11. (b) Scheduled Amortization. The Borrower shall repay the outstanding principal amount of the Loan to the Noteholder on the Payment Dates set forth below (p...rovided, however, that if any such Payment Date is not a Business Day, such installment payment shall be due as set forth in Section 6.3) and in the amounts set forth below opposite such Payment Dates until the Maturity Date, when all remaining outstanding principal plus accrued interest thereon and all fees shall be due and payable in full: Payment Dates Payment Amount August 1, 2022 $3,600,000 September 1, 2022 $975,000 October 1, 2022 $975,000 November 1, 2022 $975,000 December 1, 2022 $975,000 8 January 1, 2023 $1,250,000 February 1, 2023 $1,250,000 March 1, 2023 $1,250,000 April 1, 2023 $1,250,000 May 1, 2023 $1,250,000 Maturity Date Amounts identified in Section 3.1(a) above 3.2 Optional Prepayments. The Borrower may prepay the outstanding principal amount of the Loan in whole or in part at any time or from time to time by paying to the Noteholder on the date of such prepayment, the principal amount thereof to be prepaid, together with accrued and unpaid interest thereon to the date of such prepayment, but without premium or penalty. Amounts applied to prepay the Loan under this Section 3.2 shall be applied to the scheduled amortization payments set forth in Section 3.1(b) in inverse order of maturity. No prepaid amount may be reborrowed. 3.3 Mandatory Repayments. The Borrower shall be required to repay the outstanding principal balance of the Loan, together with any accrued interest thereon and fees hereunder, upon the occurrence of the following events and in or to the extent of the following amounts: (a) Promptly upon (and in any event within five (5) days of) receipt by the Borrower or any Subsidiary of any net cash proceeds from the incurrence by the Borrower or such Subsidiary after the Original Closing Date of any Debt in an aggregate principal amount in excess of Five Hundred Million and No/100 Dollars ($500,000,000.00) (other than Debt (x) incurred to finance or refinance the acquisition of any fixed or capital assets, including any real property assets or(y) incurred under the B. Riley Notes), in an amount equal to the lesser of (A) the net cash proceeds of such Debt and (B) the outstanding principal amount of the Loan. Amounts applied to repay the Loan under this Section 3.3(a) shall be applied to the scheduled amortization payments set forth in Section 3.1(b) in inverse order of maturity. No amount repaid under this Section 3.3(a) may be reborrowed. (b) Promptly upon (and in any event within five (5) days of) receipt by the Borrower or any Subsidiary of any cash proceeds net of underwriting discounts or commissions, and legal, accounting and other expenses directly related to such offering (such amount, "net cash proceeds") from the issuance or sale by the Borrower or such Subsidiary of any Equity Interests (whether issued or sold through a public or private offering)(other than with respect to the net cash proceeds of the ELOC and other than net cash proceeds from any RSU Equity Issuance), in an amount 9 equal to the lesser of (x) the net cash proceeds of such issuance or sale of Equity Interests and (y) the outstanding principal amount of the Loan. Amounts applied to repay the Loan under this Section 3.3(b) shall be applied to the scheduled amortization payments set forth in Section 3.1(b) in inverse order of maturity. No amount repaid under this Section 3.3(b) may be reborrowed. (c) If in any month Borrower receives cash proceeds from ELOC sales, then on the first day of the month immediately following the month in which such ELOC cash proceeds were received, Borrower shall pay Noteholder an amount equal to five percent (5%) (or, at the sole and absolute discretion of Noteholder, such lesser percentage as Noteholder may consent to in writing from time to time) of the net cash proceeds received from such ELOC sales to repay the outstanding principal balance of the Loan. Amounts applied to repay the Loan under this Section 3.3(c) shall be applied to the scheduled amortization payments set forth in Section 3.1(b) in inverse order of maturity. No amount repaid paid under this Section 3.3(c) may be reborrowed. View More

Payments. Mortgagor agrees that all payments under the Secured Debts will be paid when due and in accordance with the terms of the Secured Debts and this Security Instrument.

Payments. a. General. The Company shall pay to Consultant the fees for the Services as set forth in the applicable Statement of Work (the "Fees"), plus costs for approved expenses. The Company shall make all payments in United States Dollars unless otherwise provided in the Statement of Work. All late payments shall bear interest at the lesser of the rate of 0.5% per month or the highest rate permissible under applicable law, calculated daily and compounded monthly. Commencing on the Effective Date, the C...onsultant will be retained as a Consultant and independent contractor for the Company for the Term as set forth in Section 3. A description of Services can be found in Exhibit A. b. Payment in Stock. To the extent that any Statement of Work provides for payment in Company Stock or other securities ("Stock"), the parties hereby agree as follows: i.Consultant hereby agrees to be bound by the Company's insider trading or similar policy, if any, during the Term, and for 90 days thereafter; ii.All Stock shall be restricted and bear a standard 1933 Act legend; iii.The Consultant shall be responsible to hire counsel to provide an opinion letter for removal of any legend when and if such legend may be removed in accordance with applicable law. View More

Payments. This Note shall be payable as follows: (a) Principal and Interest at Maturity. The Principal Amount outstanding hereunder, together with all accrued interest and other amounts payable hereunder, if not sooner paid as provided herein or in any related documents, shall be due and payable on December 31, 2023; 8. Application of Payments. Payments received by Lender with respect to the indebtedness evidenced hereby shall be applied in such order and manner as Lender in its sole and absolute discreti...on may elect. Unless otherwise elected by Lender, all such payments shall first be applied to any Additional Sums or other costs or charges provided for herein or in any of the related documents, next to accrued and unpaid interest at the Stated Interest Rate, next to the Principal Balance then outstanding hereunder. Payments hereunder shall be made at the address for Lender first set forth above or at such other address as Lender may specify to Borrower in writing. View More

Payments. On the Closing Date, as full and complete payment of the Debt, CMGR shall pay to Holder the sum of $150,000 (the "Payment Amount") as full and complete payment to Creditor of the Debt and all obligations and liabilities of CMGR pursuant to the Note and all amounts owed by CMGR to Holder arising from any matter or actions of the Parties prior to the Closing Date. Subject to the issuance of the Payment Amount, on the Closing Date, the Note shall be deemed redeemed and paid in full and shall hereaf...ter be null and void and of no force or effect. Holder hereby irrevocably waives any defaults occurring pursuant to the Note prior to the Closing Date. View More

Payments. The Company shall issue to the Participant one Share for each Restricted Share Unit which has become vested with respect to the Performance Period pursuant to Section 3 of this Agreement. The payment of the Shares shall be made to the Participant (or the Participant's assignee or beneficiary if permitted by the Plan or the Committee) no later than March 15th of the calendar year next following the calendar year in which the Performance Period ends and may be made as a book-entry confirmation or ...through the issuance of a certificate evidencing such Shares. View More

Payments. 5.1 ***. 5.2 Notwithstanding the amount shown in Attachment A, the *** Deposit will be ***for each *** Aircraft. 5.3 At Definitive Agreement for the *** Aircraft, *** will be payable as specified in the Purchase Agreement. The remainder of the Aircraft Price for the *** Aircraft will be paid***.

Payments. Except as provided otherwise in this Award Agreement, RSUs will be settled and paid as soon as practicable after the date on which they become vested, but in no event later than the 15th day of the 53554230 third month following such date. The RSUs shall be settled and paid in Shares, in the amount of one Share for each vested RSU.

Payments. a. Payment of Principal. On the Maturity Date, the Company shall pay to the Holder the outstanding Principal amount, together with any accrued and unpaid Interest or accrued and unpaid Default Interest on Principal and Interest. b. Prepayment. The Company shall have the right to prepay all or any part of the Principal or Interest due hereunder at any time, without penalty or premium. c. Payment Terms. All payments will be made in lawful money of the United States of America by a check drawn on t...he account of the Company and sent via overnight courier service to the Holder at such address as previously provided to the Company in writing; provided that the Holder may elect to receive a payment of cash via wire transfer of immediately available funds by providing the Company with prior written notice setting out such request and the Holder's wire transfer instructions. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a Business Day, the same shall instead be due on the Vynleads, Inc. Convertible Note next succeeding day which is a Business Day. Payment will be credited first to accrued Interest due and payable, with any remainder applied to Principal. d. Security. This Note is a general unsecured obligation of the Company. View More