Payments Contract Clauses (2,652)

Payments. Provided there is an Outstanding Balance, on each Redemption Date (as defined below), Borrower shall pay to Lender an amount equal to the Redemption Amount (as defined below) due on such Redemption Date in accordance with Section 8. All payments owing hereunder shall be in lawful money of the United States of America or Conversion Shares (as defined below), as provided for herein, and delivered to Lender at the address or bank account furnished to Borrower for that purpose. All payments shall be... applied first to (a) costs of collection, if any, then to (b) fees and charges, if any, then to (c) accrued and unpaid interest, and thereafter, to (d) principal. 1.2. Prepayment. Notwithstanding the foregoing, so long as Borrower has not received a Lender Conversion Notice (as defined below) or a Redemption Notice (as defined below) from Lender where the applicable Conversion Shares have not yet been delivered and so long as no Event of Default has occurred since the Effective Date (whether declared by Lender or undeclared and regardless of whether or not cured), then Borrower shall have the right, exercisable on not less than five (5) Trading Days prior written notice to Lender to prepay the Outstanding Balance of this Note, in full, in accordance with this Section 1.2. Any notice of prepayment hereunder (an "Optional Prepayment Notice") shall be delivered to Lender at its registered address and shall state: (i) that Borrower is exercising its right to prepay this Note, and (ii) the date of prepayment, which shall be not less than five (5) Trading Days from the date of the Optional Prepayment Notice. On the date fixed for prepayment (the "Optional Prepayment Date"), Borrower shall make payment of the Optional Prepayment Amount (as defined below) to or upon the order of Lender as may be specified by Lender in writing to Borrower. If Borrower exercises its right to prepay this Note, Borrower shall make payment to Lender of an amount in cash equal to 125% (the "Prepayment Premium") multiplied by the then Outstanding Balance of this Note (the "Optional Prepayment Amount"). In the event Borrower delivers the Optional Prepayment Amount to Lender prior to the Optional Prepayment Date or without delivering an Optional Prepayment Notice to Lender as set forth herein without Lender's prior written consent, the Optional Prepayment Amount shall not be deemed to have been paid to Lender until the Optional Prepayment Date. Moreover, in such event the Optional Prepayment Liquidated Damages Amount will automatically be added to the Outstanding Balance of this Note on the day Borrower delivers the Optional Prepayment Amount to Lender. In the event Borrower delivers the Optional Prepayment Amount without an Optional Prepayment Notice, then the Optional Prepayment Date will be deemed to be the date that is five (5) Trading Days from the date that the Optional Prepayment Amount was delivered to Lender and Lender shall be entitled to exercise its conversion rights set forth herein during such five (5) day period. 1.3. Maturity Date Extension. In the event this Note has not been repaid by the Maturity Date and provided that no Event of Default shall have occurred hereunder at any time after the Effective Date, then the Maturity Date shall automatically be extended for an additional year (the "Extension Period"). No interest shall accrue on this Note during the Extension Period. Notwithstanding the foregoing, upon the occurrence of an Event of Default during the Extension Period, the Extension Period shall immediately terminate and this Note shall immediately be due and payable in full. View More

Payments. (a) The full face amount ($75,000.00) of this Note shall be due on August 11, 2014 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. (b) All overdue unpaid principal to be paid hereunder shall entail a late fee at the rate of 22% 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 due 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 $75,000.00 at any time prior to May 11, 2014. If the $75,000.00 is not pre-paid by May 11, 2014, seller has the right to refuse any further payments and choose to convert this note when it has matures 180 days after payment of this $50,000.00. View More

Payments. a. Equity. Upon execution of this Agreement, LICENSEE shall issue to KGI shares of its Common Stock representing [***] of the Founders Stock. For purposes of this Agreement, "Founders Stock" shall mean any and all shares of Common Stock (or securities exercisable for Common Stock) issued or issuable to KGI, [***] prior to the Qualified Financing (which represents all the individuals and entities to whom the Company has committed to issue securities as of November 12, 2002). Such shares shall be ...issued pursuant to a Common Stock Purchase Agreement on terms mutually agreeable to KGI and LICENSEE. b. Annual License Fee. LICENSEE shall pay KGI a non-refundable annual license fee of [***] dollars ($[***]) commencing on the [***] of the Effective Date and each [***] thereafter during the term of the Agreement. c. [***] Fees. LICENSEE agrees to reimburse KGI for the services described in Exhibit B and performed under the Research Program in amounts equal to [***] -4- [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED. [***] and to make payment of such reimbursements on or before the later of (i) [***] following receipt of an invoice from KGI detailing the services performed and the reimbursement owed or (ii) [***] following the closing of a Qualified Financing. View More

Payments. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group and that is classified by the Company Group as your employer (the "Employer") as soon as practicable after the end of the Performance Period but no later than March 15 of the calendar year in which the Performance Period ends (the "Payment Date").

Payments. Interest shall be due and payable on the last day of each calendar quarter during the term of this Note. The entire remaining balance, including unpaid principal and accrued interest, shall be due and payable on April 12, 2021. Payments shall be made in cash. 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.

Payments. 3.1. In full satisfaction for the services of Tiber Creek and its affiliates in regard to the Transactions described in section 1 of this agreement, Prestige will pay to Tiber Creek the amount of $100,000. 3.2. Prestige shall pay $40,000 to Tiber Creek upon the execution of this agreement and $15,000 monthly thereafter until payment in full. All payments will be deemed earned when paid or due to Tiber Creek and are non-refundable subject to the satisfactory accomplishment of the services rendere...d as due in Article 1 of this agreement. View More

Payments. Payments scheduled Jo be paid on the 29th, 30th or 31st day of a month that contains no such day will, instead, be made on the last day of such month. Interest payments will be applied first to any charges I owe other than late charges, then to accrued, but unpaid interest, then to late charges. Principal payments will be applied first to the outstanding Principal balance, then to any late charges. If you and I agree to a different application of payments, we will describe our agreement on this ...Note. The actual amount of my final payment will depend on my payment record. View More

Payments. a. All payments of principal and interest hereunder shall be payable to Lender in lawful money of the United States of America in immediately available funds. All delivery of payments shall be made at the offices of Lender, or at such other place as Lender may designate, not later than 2 p.m. on the date due. b. Prepayments. Maker may prepay the unpaid balance of any of the Indebtedness, in whole or in part without penalty; provided that any such prepayment is accompanied by interest accrued and... unpaid on the amount so prepaid to the date of such repayment. 1 c. Interest Rate for Overdue Amounts. Beginning one day after the Maturity Date, interest shall accrue on all unpaid Indebtedness at a rate of 12% per annum (the "Default Rate"). View More

Payments. Within a reasonable time after any Losses are incurred, the Indemnified Person shall give notice to Indemnitor together with all reasonable documentation supporting the claim for indemnity; provided, however, that failure by an Indemnified Person to give such notice shall not relieve Indemnitor from any liability, duty or obligation hereunder in the absence of material prejudice to Indemnitor, but Indemnitor shall not be obligated to pay for such Losses until Indemnitor receives notice as requir...ed above. 1 4. Claims. If an indemnification claim is made hereunder, notice of such claim shall be made to the Indemnitor, accompanied by a copy of any papers theretofore served on the Indemnitor in connection with such claim. Upon receipt of notice of a claim from an Indemnified Person, the Indemnitor may assume the defense and control of such claim but shall allow the Indemnified Person a reasonable opportunity to participate in the defense thereof with its own counsel and at its own expense. The Indemnitor shall select counsel, contractors and consultants of recognized standing and competence; shall take all steps necessary in the defense or settlement thereof; and shall at all times diligently and promptly pursue the resolution thereof. In conducting the defense thereof, the Indemnitor shall at all times act as if all damages relating to such claim were for its own account and shall act in good faith and with reasonable prudence to minimize damages therefrom. The Indemnified Person shall, and shall cause each of its affiliates, directors, officers, employees, and agents to, cooperate reasonably with the Indemnitor in the defense of any claim defended by the Indemnitor. View More

Payments. Invoices shall be paid within 15 days of shipping. Polymation reserves the right to withhold production and shipping of any orders if Distributor's account balances due exceeds $7,000.00.