Payments Contract Clauses (2,652)

Payments. The unpaid principal balance of this Note shall bear interest computed upon the basis of a year of 360 days for the actual number of days elapsed in a month at a rate of eleven percent (11%) per annum (the "Effective Rate"). Upon the occurrence and during the continuance of an Event of Default (as defined below), the unpaid principal balance of this Note shall bear interest, computed upon the basis of a year of 360 days for the actual number of days elapsed in a month, at a rate equal to the les...ser of five percent (5%) over the Effective Rate or the highest rate allowed by applicable law. The indebtedness represented by this Note shall be paid to Lender in an installment of interest only on the first anniversary of the date of each Tranche on Exhibit 1 to this Note (a "Tranche"), and, if not sooner converted in accordance with the terms of this Note, the entire unpaid principal balance of this Note, together with all accrued and unpaid interest, shall be immediately due and payable in full (a) with respect to each Tranche on the Due Date specified in Exhibit 1 and (b) with respect to any additional Tranche within 24 months of the full funding of such Tranche (with respect to each Tranche, a "Due Date"). 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 ear...ned 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

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) The purchase price ($25,000.00) of this Note shall be due on January 8, 2015 or such later date as is agreed to in writing by the Payee (the "Maturity Date"), unless due earlier in accordance with the terms of this Note (see Section c below). (b) All overdue unpaid principal to be paid hereunder shall entail a late fee at the rate of 12% per annum (or such lower maximum amount of interest permitted to be charged under applicable law) which will accrue daily, from the date such principal is d...ue hereunder through and including the date of payment. (c) Absent the occurrence of an Event of Default (unless such Event of Default is waived in writing by the Payee), the Maker may prepay this Note for a net payment of $37,500.00 at any time prior to October 8, 2014. If the $37,500.00 is not pre-paid by October 8, 2014, payee has the right to refuse any further payments and choose to convert this note when it has matures 90 days after payment of this $25,000.00. View More

Payments. Concurrently with the delivery of this Agreement to the Company, Optionee shall pay the Exercise Price for the Purchased Shares in accordance with the provisions of the Option Agreement and shall deliver whatever additional documents may be required by the Option Agreement as a condition for exercise.

Payments. (a) Payment of vested Performance Shares shall be made only in Shares. At the Company's sole discretion, such Shares may be issued in certificated or book-entry form. (b) Except as set forth in Section 5(c) of this Agreement, or except under such other circumstances as the Committee deems appropriate if the Grantee is not a "Covered Employee" within the meaning of Section 162(m) of the Internal Revenue Code, no payment of vested Performance Shares shall be made to the Grantee prior to the Normal... Vesting Date. Except as otherwise provided by this Agreement, payment of vested Performance Shares shall be made as soon as practicable following the Normal Vesting Date, and in any event no later than March 15, 2018. (c) In the event of a Change of Control, the Grantee's death or the Grantee's Permanent Disability, in each case prior to the Normal Vesting Date and while the Grantee is an active employee of the Company or a subsidiary of the Company, the payment of vested Performance Shares shall be made as soon as practicable after such event occurs, and in any case no later than March 15 after the end of the year in which such event occurs. (d) In the event of the death of the Grantee while the Grantee is an active employee of the Company or a subsidiary of the Company, any payment to which the Grantee is entitled under this Agreement shall be made to the beneficiary designated by the Grantee to receive the proceeds of any noncontributory group life insurance coverage provided for the Grantee by the Company or a subsidiary of the Company (such life insurance coverage, "Group Life Insurance Coverage," and such beneficiary, a "Designated Beneficiary"). If no designation of beneficiary has been made by the Grantee under the Group Life Insurance Coverage, distribution upon the Grantee's death shall be made in accordance with the provisions of the Group Life Insurance Coverage. (e) In the event of the death of the Grantee while the Grantee is no longer an active employee of the Company or a subsidiary of the Company, but at a time while the Grantee continues to have Group Life Insurance Coverage, any payment to which the Grantee is entitled under this Agreement shall be made to the Designated Beneficiary. If no designation of beneficiary has been made by the Grantee under the Group Life Insurance Coverage, distribution shall be made in accordance with the provisions of the Group Life Insurance Coverage. In the event of the death of the Grantee while the Grantee is no longer an active employee of the Company or a subsidiary of the Company, and at a time while the Grantee no longer has Group Life Insurance Coverage, distribution shall be made to the Grantee's estate. (f) For purposes of Sections 5(d) and 5(e), (i) if the Designated Beneficiary predeceases the Grantee, distribution shall be made in accordance with the provisions of the Group Life Insurance Coverage, and (ii) if the Designated Beneficiary survives the Grantee but dies before payment is made, distribution shall be made to the Designated Beneficiary's estate. View More

Payments. 5.1 Customer will pay an option deposit to Boeing in the amount of [*] (Option Deposit) for each of the six (6) Option Aircraft added to the Purchase Agreement pursuant to Supplemental Agreement No. 12 to the Purchase Agreement (SA-12). The parties acknowledge that Customer has previously paid an Option Deposit to Boeing in the amount of [*] for (i) each of the fifteen (15) Block D Option Aircraft added to the Purchase agreement pursuant to Supplemental Agreement No. 1 to the Purchase Agreement,... (ii) each of the twenty-nine (29) Option Aircraft in Attachment 1 prior to the execution of SA-12. If Customer exercises an option, the Option Deposit will be credited against the first advance payment due. [*]. 5.2 At execution of this Letter Agreement, advance payments will be payable as specified in the Purchase Agreement. The remainder of the Aircraft Price for the Option Aircraft will be paid at the time of delivery. 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 c...ollection expenses due hereunder, then to interest due and payable but not yet paid, and the remainder, if any, to principal. View More

Payments. BioForce NanoSciences Holdings, Inc. will pay a fee to Aldo Dalla-Vecchia for the Services in the amount of $6,000.00. This fee shall be payable in a lump-sum upon within 48 hours upon signing agreement.

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 N...ote. 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