Payments Contract Clauses (8,387)

Payments. All payments of principal and interest in respect of this Note shall be made in lawful money of the United States of America in same day funds at the office of Payee located at 240 Matheson Blvd. East, Mississauga, ON L4Z 1X1, or at such other place as Payee may direct. Whenever any payment on this Note is stated to be due on a day that is not a Business Day, such payment shall instead be made on the next Business Day, and such extension of time shall be included in the computation of interest... payable on this Note. Each payment made hereunder shall be credited first to interest then due and the remainder of such payment shall be credited to principal, and interest shall thereupon cease to accrue upon the principal so credited. Each of Payee and any subsequent holder of this Note agrees, by its acceptance hereof, that before disposing of this Note or any part hereof it will make a notation hereon of all principal payments previously made hereunder and of the date to which interest hereon has been paid; provided, however, that the failure to make a notation of any payment made on this Note shall not limit or otherwise affect the obligation of Maker hereunder with respect to payments of principal or interest on this Note. View More

Payments. The Company, for value received, promises to pay to , or its registered assigns, the principal sum of Dollars (U.S.) ($ ), plus accrued but unpaid interest on December 15, 2025 ("Stated Maturity") and to pay interest thereon (i) from and including the original issue date of the Subordinated Notes to but excluding December 15, 2020 or the earlier redemption date contemplated by Section 4(a) or Section 4(b) of this Subordinated Note, at the rate of 6.00% per annum, computed on the basis of a... 360-day year consisting of twelve 30-day months and payable semi-annually in arrears on June 15 and December 15 of each year (each, a "Fixed Interest Payment Date"), beginning June 15, 2016, and (ii) from and including December 15, 2020 to but excluding the Stated Maturity or the earlier redemption date contemplated by Section 4(a) or Section 4(b) of this Subordinated Note, at the rate per annum, reset quarterly, equal to LIBOR determined on the determination date of the applicable Floating Rate Interest Period plus 430 basis points, computed on the basis of a 360-day year and the actual number of days elapsed and payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year (each, a "Floating Interest Payment Date"). A "Floating Rate Interest Period" with respect to this Subordinated Note is each successive period from and including December 15, 2020 or a Floating Rate Interest Payment Date, as the case may be, to, but excluding, the next Floating Rate Interest Payment Date or the date on which the entire principal amount of this Subordinate Note has been paid or made available for payment, as the case may be. An "Interest Payment Date" is either a Fixed Interest Payment Date or a Floating Interest Payment Date, as applicable. "LIBOR" means the 3-month USD LIBOR, which will be the offered rate for 3-month deposits in U.S. dollars, as that rate appears on the Reuters Screen LIBOR01 Page (or any successor page thereto) as of 11:00 a.m., London time, as observed two London banking days prior to the first day of the applicable Floating Rate Interest Period. If 3-month USD LIBOR is not displayed as of such time with respect to any applicable floating rate interest period, then LIBOR will be LIBOR in effect for the Floating Rate Interest Period preceding the Floating Rate Interest Period for which LIBOR is to be determined, or, with respect to the first Floating Rate Interest Period, the most recent possible prior date. A London banking day is a day on which commercial banks and foreign currency markets settle payments and are open for general business in London. 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 other than a Saturday, Sunday or any other day on which banking institutions in the State of Connecticut are permitted or required by any applicable law or executive order to close. View More

Payments. (a) Unless an Event of Default shall have previously occurred and be continuing or this Note is sooner converted into shares of Borrower's common stock pursuant to the terms herein, the full amount of principal under this Note shall be due and payable on September 22, 2018 (the "Maturity Date").

Payments. As soon as practicable after the Payment Date set forth in the Certificate, payment shall be made in shares of Common Stock. If the Certificate does not specify a Payment Date, the Payment Date shall be the Vesting Date. The Administrator shall cause a stock certificate to be delivered to the Grantee with respect to such shares free of all restrictions hereunder, except for applicable federal securities laws restrictions. Any securities, cash dividends or other property credited to the... Restricted Stock Unit Account other than Restricted Stock Units shall be paid in kind, or, in the discretion of the Administrator, in cash. View More

Payments. As soon as administratively practicable after a Vesting Date, or, if vesting occurs upon a Change of Control as provided in Paragraph 3(e), as soon as administratively practicable on or following such Change of Control, but in all events not later than 21⁄2 months following the vesting of the Phantom Unit, you shall be paid one Unit for each such vested Phantom Unit, subject to Paragraph 7; provided, however, the Committee may, in its sole discretion, direct that a cash payment be made to you... in lieu of the delivery of such Unit. Any such cash payment shall be equal to the Fair Market Value of the Unit on the day immediately preceding the payment date. If more than one Phantom Unit vests at the same time, the Committee may elect to pay such vested Award in Units, cash or any combination thereof, in its discretion. Notwithstanding the foregoing, in the event that any Phantom Units vest pursuant to Paragraph 3(b)(i), you shall receive payment for each such vested Phantom Unit on the Vesting Date, subject to Paragraph 7. View More

Payments. Payments made under this Note shall be in accordance with the following: 2.1 Manner of Payments. All payments of interest and principal shall be made in lawful money of the United States of America by check or by wire transfer of immediately available funds to Lender's account at a bank specified by Lender in writing to Borrower from time to time. 2.2 Application of Payments. All payments, including insufficient payments, shall be credited, regardless of their designation by Borrower, first to... collection expenses due hereunder, then to interest due and payable but not yet paid, and the remainder, if any, to principal. View More

Payments. Prepayment Prior to Maturity Date. This Note may be prepaid in whole or in part at any time prior to the Maturity Date, without penalty; provided, however, that the Borrower shall provide a thirty (30) day advance notice of prepayment to the Holder and the Holder shall have the right but not an obligation to convert this Note, at the Holder's choice and discretion, as provided for in Section 7 of this Note during such 30-day period. Any payment shall be applied as provided in Section 3 of this... Note. Any payment made on account of the Note shall be applied in the following order of priority: (i) first, to any amounts due hereunder other than Principal Amount and accrued interest, (ii) then, to accrued interest through and including the date of payment, and (iii) then, to the Principal Amount of this Note. All payments contemplated hereby shall be made in immediately available good funds of United States of America currency by wire transfer to an account designated in writing by the Holder to the Borrower (which account may be changed by notice similarly given). For purposes of this Note, the phrase "date of payment" shall mean the date good funds are received in the account designated by the notice which is then currently effective. View More

Payments. Payment of selling commissions or any reallowance of a portion of the dealer manager fee or distribution and shareholder servicing fee will be made by the Dealer Manager (or by the Company as provided in the Dealer Manager Agreement) to the Dealer within 30 days of the receipt by the Dealer Manager of the applicable payments from the Company. Dealer acknowledges that, if the Company pays selling commissions or dealer manager fees to the Dealer Manager, the Company is relieved of any obligation... for selling commissions or dealer manager fees, as applicable, to the Dealer. The Company may rely on and use the preceding acknowledgment as a defense against any claim by the Dealer for selling commissions or dealer manager fees the Company pays to Dealer Manager but that Dealer Manager fails to remit to the Dealer. Payments will be made via electronic transfer in accordance with the instructions that you provide on the last page of this Agreement. View More

Payments. When Time-Based Units vest, shares of Company Stock equal to the number of vested Time-Based Units shall be issued to the Grantee within 60 days after the applicable vesting date, subject to applicable withholding for Taxes (as defined below) and subject to any six-month delay required under section 409A of the Internal Revenue Code, if applicable, and as described in Section 20(h) of the Plan. Any fractional shares will be rounded up to the nearest whole share. Notwithstanding any provision of... the Plan, the Grant Letter or these Grant Conditions to the contrary, the Time-Based Units shall be settled in shares of Company Stock only. View More

Payments. (a) Except as provided below, after the end of the Performance Period, if the Committee certifies that the Performance Goals and other conditions to payment of the Performance Units have been met, the Company shall issue shares of Company Stock to the Grantee equal to the number of earned and vested Performance Units, subject to applicable withholding for Taxes (as defined below) and subject to compliance with section 409A of the Code and as described in Section 20(h) of the Plan. Payment of... earned and vested Performance Units shall be made in 2019 as soon as practicable after the Committee certifies the extent to which the Performance Goals and other conditions to payment of the Performance Units have been met, but not later than May 31, 2019, except as provided below. All unpaid Performance Units shall be forfeited in the event of termination for Cause. (b) If the Grantee's employment terminates for any reason other than Cause upon or within two years after a Change in Control that meets the requirements of a 409A CIC, the Grantee's Performance Units that are unpaid earned and vested (if any) shall be paid within 60 days after the termination date, subject to compliance with section 409A of the Code, if applicable, and as described in Section 20(h) of the Plan. The Company shall issue shares of Company Stock to the Grantee equal to the number of the earned and vested Performance Units, subject to applicable withholding for Taxes. If a Change in Control does not meet the requirements of a 409A CIC, the Grantee's earned and vested Performance Units (if any) shall be paid on the date described in subsection (a). (c) Any fractional shares will be rounded up to the nearest whole share, but not exceeding 225% of the Target Award. View More