Payments Contract Clauses (8,394)

Payments. Interest shall be due and payable on the last day of each calendar quarter ended after the Original Closing Date during the term of this Note. The entire remaining balance, including unpaid aggregate outstanding principal of each of the Loans and accrued interest, but unpaid interest shall be due and payable on April 12, 2021. 2024 (the "Maturity Date"). Payments shall be made in cash. cash, in U.S. dollars and immediately available funds. Each payment shall be credited first to interest then... due and the remainder to principal; and interest shall thereupon cease to accrue with respect to the principal so credited. View More

Payments. Subject to the terms of the 2013 Plan, this Agreement and, if applicable, the Change in Control Agreement, and this Agreement, Severance Plan, within 30 days after the following date (except as provided otherwise in Section 18 19 below), the Company shall make payment to you of the vested portion of the Performance Shares on such date (if any), less any vested Performance Shares previously paid to you (if any). The any).The Company shall make payment to you by delivery to you (or, in the event... of your death, to your estate or, if the Committee establishes a beneficiary designation procedure pursuant to Section 12 of the 2013 Plan, to any beneficiary that you have designated pursuant to such procedure) one or more certificates for a number of Shares equal to the number of vested Performance Shares payable to you on such date or in the Company's discretion may cause such Shares to be deposited in an account maintained by a broker designated by the Company. View More

Payments. (a) In consideration of the Services to be performed by Consultant, Maven agrees to pay Consultant in the manner set forth in the applicable Statement of Work. (b) Except to the extent expenses and costs are explicitly identified in the applicable Statement of Work, the Monthly Fees fees set forth in a Statement of Work shall be deemed inclusive of all actual net expenses and costs and Maven shall not be required to pay any amounts in excess of such Monthly Fees. fees. Any expenses required to... be paid by Maven shall: (i) be preapproved by Maven in writing; (ii) reasonable; and (iii) not include any Consultant mark-up or overhead charges. (c) Consultant shall invoice Maven via email to [email protected] in accordance with the schedule set forth in each Statement of Work or, if no schedule is set forth therein, on a monthly basis within thirty (30) days after the end of the month. Each such invoice shall at a minimum, include: (i) the name of the project, the complete name of this Agreement and applicable Statement of Work and purchase order (if applicable); (ii) name of Maven Project Manager; (iii) breakdown the number of hours per resource worked during the period; (iv) the fees attributable to such hours (if any); (v) if applicable, a breakdown of any and all milestones completed and accepted by Maven during the period and fees; (v) to the extent preapproved by Maven, and all preapproved expenses; and (vi) any other information requested by Maven. Unless otherwise provided in the applicable Statement of Work, Maven shall pay each correct and undisputed invoice within thirty (30) days after its receipt by Maven; provided, however, that to the extent that any acceptance criteria or milestones are applicable to the Services, Maven shall have no obligation to pay such invoice until all such acceptance criteria or milestones are satisfied. Maven shall have no obligation to pay any invoice that is submitted to Maven more than six (6) months after such invoice is required to be provided to Maven hereunder. (d) Unless otherwise set forth in the applicable Statement of Work, all fees and other charges described in such Statement of Work shall be deemed to be inclusive of all sales, use, value-added, income, gross-receipts and other taxes, as well as all duties, excises, levies, assessments and the like (collectively, "Taxes"), and Consultant shall be responsible for and pay all Taxes, however designated, which are levied or based on this Agreement. In the event that the parties agree in a Statement of Work that Maven will pay applicable sales taxes, duties or the like, Consultant shall break out such charges on a line-item basis in the applicable Statement of Work. Maven shall have the right to require Consultant to contest within any imposing jurisdiction, at Maven's reasonable expense, any taxes or assessments that Maven deems to have been improperly imposed on Maven. View More

Payments. All payments of interest and advanced principal shall be in lawful money of the United States of America.

Payments. Maker shall pay to Lender the amount of any gross proceeds received by Maker as a result of the sale by Maker of all or any portion of the Regen Shares within two (2) Business Days (as defined below) of receipt of such proceeds. proceeds, less (i) the amount of any Resale Fee due, and (ii) the amount of any wire transfer fees incurred by Maker in connection with the transfer of such proceeds to Lender. Maker may prepay all or any portion of this Note at any time without penalty.

Payments. (a) Fees. As payment for the Fees Advertiser (excluding Additional Fees) User will issue the Company such number of shares of Common Stock equal to the aggregate amount of Fees divided by the Purchase Price ("Shares"). The number of Shares are subject to adjustment as provided for in Section 4(d) below. (b) Additional Fees. The Additional Fees, if any, will be billed to your credit card on file during that Term. (c) Taxes. Advertiser User is responsible for all sales, use, and excise taxes, and... any other similar taxes, duties, and charges of any kind imposed by any federal, state, or local governmental or regulatory authority on any amounts payable by or to Advertiser User hereunder, other than any taxes imposed on Company's income. 2 (c) 4 (d) Share Adjustment. For so long as the Company owns any Shares, if Advertiser User or any subsidiary thereof, as applicable, shall, except with respect to an Exempt Issuance, sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise dispose of or issue (or announce any offer, sale, grant or any option to purchase or other disposition) any Common Stock or Common Stock Equivalents, at an effective price per share less than the Purchase Price then in effect (such lower price, the "Base Share Price" and such issuances collectively, a "Dilutive Issuance") (it being understood and agreed that if the holder of the Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase price adjustments, reset provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights per share which are issued in connection with such issuance, be entitled to receive shares of Common Stock at an effective price per share that is less than the Purchase Price, such issuance shall be deemed to have occurred for less than the Purchase Price on such date of the Dilutive Issuance at such effective price), then simultaneously with the consummation (or, if earlier, the announcement) of each Dilutive Issuance the Purchase Price shall be reduced and only reduced to equal the Base Share Price and the Advertiser User will issue the Company such additional Shares calculated as follows: (X * (Y/Z)) – X Where X shall mean the Shares held immediately before the Dilutive Event; Where Y shall mean the Purchase Price; and Where Z shall mean the Base Share Price. View More

Payments. (a) Interest. Accrued interest on this Note shall be payable quarterly, in arrears, on each Interest Payment Date. (b) Voluntary Prepayment. Upon five business days' prior written notice to Investor, the Company may prepay this Note in whole or in part, provided that any such prepayment will be applied first to the payment of accrued but unpaid interest on this Note and second, if the amount of prepayment exceeds the amount of all such interest, to the payment of outstanding principal of this... Note. (c) Mandatory Prepayment. In the event of a Specified Transaction, and only upon the written request of the Investor (in the Investor's sole discretion), the outstanding principal amount of this Note, plus all accrued and unpaid interest hereon, shall be due and payable upon the consummation of such Specified Transaction. View More

Payments. 3.1 Equity Payments. As partial consideration for the License and other acts of Licensor required hereunder, Licensee shall issue to Licensor Milestone Payments through the issue of its unregistered securities as set forth below in Section 3.2. -4- 3.2 Milestone Payments. Licensee shall pay to Licensor, within ten (10) days after achievement of the corresponding milestone, each of the following one-time, non-refundable one-time milestone equity payments by the issuance of the following amount number of Licensee's securities: securities equal to 20,000,000 shares of Licensees common stock. -4- Milestone Event Milestone Payment 1. Execution of this agreement 12.5 million Agreement 7,000,000 shares 2. Submission of Licensees common stock 2. Successful an Investigational New Drug Application ("IND") to FDA; "Successful" means the FDA acceptance for 6,500,000 shares 3. Successful completion of the Parties first rabies clinical trial conducted under the IND referred to proceed to human testing 17.5 million directly above. 6,500,000 shares of Licensees common stock 3.3 Profit Sharing from Sale of Licensed Products. On a Licensed Product-by-Licensed Product and country-by-country basis, all Net Profits from the sale of any Licensed Product shall be payable 50% to Licensor and 50% to Licensee, with only one exception. In the event that the agreed upon budget is funded in full by CUBT CTYX and more funding is required, and CUBT or MABT CTYX provides that funding, CUBT or MABT CTYX shall be entitled to a distribution of Net Profits equal to a simple interest annual return of 5% on that excess funding, in addition to the return of the amount of the excess funding, prior to the 50/50 distribution anticipated by this provision. 3.4 Reports and Accounting. (a) Reports and Payments. Licensee and Licensor shall provide to the other Party, within thirty (30) days after the end of each calendar quarter, reasonably detailed written accountings of Net Profit of the Licensed Products for such calendar quarter. Such quarterly reports shall indicate (i) gross sales and Net Profit on a Licensed Product-by-Licensed Product and country-by-country basis, and (ii) the calculation of Net Profit. When either Party delivers such accounting to the other Party such report, the reporting Party shall also deliver all amounts due under Section 3.3 to the other Party for the calendar quarter. (b) Audits by the Parties. Each Party shall keep, and shall require its Affiliates and Sublicensees to keep, records of the latest three (3) years relating to gross sales, Net Profit, and all information relevant under Section 3.3. For the sole purpose of verifying amounts payable to the other Party, each Party shall have the right no more than once each calendar year, at the reviewing Party's expense, to review, together with its accountants, such records in the location(s) where such records are maintained by the other Party and its Affiliates and Sublicensees upon reasonable notice and during regular business hours. Results of such review shall be made available to the reviewed Party. If the review reflects an underpayment to the other Party, such underpayment shall be promptly remitted to other Party together with 5% interest. 3.5 Taxes. (a) Any amounts to be paid hereunder are stated before value added tax, goods and services tax, sales, export or import duties or any similar tax or duties, which will be paid by Licensee at the rate and in the manner from time to time prescribed by applicable law. -5- (b) Each Party shall be solely responsible for any tax imposed on or measured by the net or gross income of such Party or its Affiliates. -5- 4. Regulatory Approvals. Licensor shall be solely responsible for obtaining and maintaining any and all Regulatory Approvals necessary for the development, manufacture, use, offer for sale, sale or importation of Licensed Products by or on behalf of Licensee or its Affiliates. Licensor at all times shall comply with all laws, regulations and ordinances, whether federal, state, provincial, county, municipal, or otherwise, with respect to its and its Affiliates activities with respect to Licensed Products. Licensor will not be responsible for obtaining and maintaining any and all Regulatory Approvals necessary for the development, manufacture, use, offer for sale, sale or importation of Licensed Products by or on behalf of any of Licensee's Sublicensees or their Affiliates. View More

Payments. All payments on account of principal and interest shall be made in lawful money of the United States of America at the principal office of the Holder, Lender, or such other place as the Holder holder hereof may from time to time designate in writing to the Company. Borrower. All payments by the Company Borrower under this note (the "Note") shall be applied first to any fees and expenses due and payable hereunder, then to the accrued interest due and payable hereunder and the remainder, if any,... to the outstanding principal. View More

Payments. The Company, for value received, promises to pay to Edgar Ray Smith, III, or his registered assigns, the principal sum of Fifteen Million Dollars (U.S.) ($15,000,000), plus accrued but unpaid interest on June December 21, 2032 2025 ("Stated Maturity") and to pay interest thereon (i) from and including the original issue date of the Subordinated Note to but excluding June December 21, 2027 2020 or the earlier redemption date contemplated by Section 4(a) of this Subordinated Note, at the rate of... 4.0% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months and payable semi-annually in arrears on January 1 and July 1 of each year (each, a "Fixed Interest Payment Date"), and (ii) from and including June December 21, 2027 2020 to but excluding the Stated Maturity or the earlier redemption date contemplated by Section 4(b) of this Subordinated Note, at the rate per annum, reset quarterly, equal to the Wall Street Journal's Prime Rate determined on the determination date of the applicable Interest Period plus 75 basis points, computed on the basis of a 360-day year and the actual number of days elapsed and payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year (each, a "Floating Interest Payment Date"). An "Interest Payment Date"). Date" is either a Fixed Interest Payment Date or a Floating Interest Payment Date, as applicable. Any payment of principal of or interest on this Subordinated Note that would otherwise become due and payable on a day which is not a Business Day shall become due and payable on the next succeeding Business Day, with the same force and effect as if made on the date for payment of such principal or interest, and no interest will accrue in respect of such payment for the period after such day. The term "Business Day" means any day that is not a Saturday or Sunday and that is not a day on which banks in the State of Louisiana are generally authorized or required by law or executive order to be closed. View More