Payments Contract Clauses (8,387)

Payments. Payment of any sums due to the Holder under the terms of this Promissory Note shall be made in United States Dollars by check or wire transfer at the option of the Company. Payment shall be made at the address last appearing on the records of the Company as designated in writing by the Holder hereof from time to time. If any payment hereunder would otherwise become due and payable on a day on which banks are closed or permitted to be closed in Houston, Texas, such payment shall become due and... payable on the next succeeding day on which banks are open and not permitted to be closed in Houston, Texas ("Business Day"). The forwarding of such funds shall constitute a payment of outstanding principal and/or interest hereunder and shall satisfy and discharge the liability for principal and interest on this Promissory Note to the extent of the sum represented by such payment. View More

Payments. The Company, for value received, promises to pay to Cede & Co., or its registered assigns (the "Holder"), as nominee of the Depository Trust Company, the principal sum of Sixty Five Million Dollars (U.S.) ($65,000,000), plus accrued but unpaid interest on October 1, 2030 (the "Stated Maturity") and to pay interest thereon (i) from and including the original issue date of the Subordinated Notes, or from the most recent date to which interest has been paid or duly provided for, to but excluding... October 1, 2025 or the earlier redemption date contemplated by Section 5 (Redemption) of this Subordinated Note (the "Fixed Rate Period"), at the rate of 4.25% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months and payable semi-annually in arrears on April 1 and October 1 of each year (each payment date, a "Fixed Interest Payment Date"), beginning April 1, 2021, and (ii) from and including October 1, 2025 to but excluding the Stated Maturity or earlier redemption date contemplated by Section 5 (Redemption) of this Subordinated Note (the "Floating Rate Period"), at the rate per annum, reset quarterly, equal to the Floating Interest Rate determined on the Floating Interest Determination Date of the applicable Floating Rate Interest Period (as defined below)(provided that in the event that the Floating Interest Rate for the applicable Floating Rate Interest Period (as defined below) is less than zero, the Floating Interest Rate for such Floating Rate Interest Period (as defined below) shall be deemed to be zero), plus 412.6 basis points, computed on the basis of a 360-day year and the actual number of days elapsed and payable quarterly in arrears (each three-month period, a "Floating Rate Interest Period") on January 1, April 1, July 1 and October 1 of each year (each payment date, a "Floating Interest Payment Date"). 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; provided, that in the event that any scheduled Floating Interest Payment Date falls on a day that is not a Business Day and the next succeeding Business Day falls in the next succeeding calendar month, such Floating Interest Payment Date will be accelerated to the immediately preceding Business Day, and, in each such case, the amounts payable on such Business Day will include interest accrued to, but excluding, such Business Day. Dollar amounts resulting from interest calculations will be rounded to the nearest cent, with one half cent being rounded upward. The Company will pay all Additional Interest, if any, on the dates and in the amounts set forth in the Registration Rights Agreement. The Company will pay interest on this Subordinated Note to the Person who is the registered Holder as of the close of business on the Regular Record Date for the relevant Interest Payment Date, except as provided in Section 210 of the Indenture with respect to Defaulted Interest. This Subordinated Note will be payable as to principal and interest at the office or agency of the Paying Agent, or, at the option of the Company, payment of interest may be made by check delivered to the Holder at its address set forth in the Subordinated Note Register or by wire transfer to an account appropriately designated by the Person entitled to payment; provided, that the Paying Agent will have received written notice of such account designation at least five Business Days prior to the date of such payment (subject to surrender of this Subordinated Note in the case of a payment of interest at Maturity). View More

Payments. 1.1 Principal and Interest. Interest on the principal amount shall begin accruing on the date hereof. The principal and accrued interest on this Note shall become due and payable on [_____], unless sooner paid in full (the "Maturity Date"). All amounts payable hereunder shall be paid to Lender at the address specified in writing by Lender. 1.2 Prepayment. Borrower will have the right to prepay the Notes at any time prior to the Maturity Date after providing the holders thereof with at least... fifteen (15) days' prior written notice of its intention to prepay the Notes. View More

Payments. Maker shall make payments of interest only at the Interest Rate due under this Note on a monthly basis, beginning on March 3, 2021, and continuing on the same day of each month thereafter, through and including the Maturity Date. If not sooner paid, the unpaid principal balance of this Note and all unpaid, accrued interest thereon shall be due and payable on the Maturity Date.

Payments. Payment of any sums due to the Holder under the terms of this Note shall be made in United States Dollars by wire transfer. Payment shall be made at the address last appearing on the Note Register of the Company as designated in writing by the Holder hereof from time to time. If any payment hereunder would otherwise become due and payable on a day on which commercial banks in Dartmouth, Nova Scotia, Canada, are permitted or required to be closed, such payment shall become due and payable on the... next succeeding day on which commercial banks in Dartmouth, Nova Scotia, Canada, are not permitted or required to be closed ("Business Day") and, with respect to payments of Principal Amount and interest thereon shall be payable at the then applicable rate during such extension, if any. The forwarding of such funds shall constitute a payment of outstanding principal and interest hereunder and shall satisfy and discharge the liability for principal and interest on this Note to the extent of the sum represented by such payment. Except as provided in Section 3 hereof, this Note may not be prepaid without the prior written consent of the Holder. View More

Payments. Consultant shall receive a monthly payment of $20,000, plus VAT, if applicable (the "Fees"). The Fees for each month shall be payable within ten (10) calendar days of the first day of the following calendar month, against a tax invoice issued by Consultant.

Payments. With respect to each Restricted Stock Unit that vests in accordance with the schedule set forth in paragraph 7 below, you will be entitled to receive one share of Company's Common Stock, $0.01 par value per share ("Common Stock"). Subject to paragraph 5 below, you will be paid such share(s) of Common Stock with respect to each vested Restricted Stock Unit within thirty (30) days following the Vesting Date (as defined below), to the extent administratively practicable.

Payments. 3.1The Project will be funded by $200,000.00 (the "Project Cost") in ILP funds from Mayo, as approved on October 1, 2012. 3.2Mayo and Miromatrix agree to conduct the Project pursuant to the budget attached hereto as Exhibit B (the "Budget"). 3.3Mayo and Miromatrix may reasonably reallocate funds within categories of the Budget to complete the Project. 3.4In consideration of the Project Cost, Miromatrix will deliver to Mayo a certificate representing 83,333 shares of Stock (calculated by... dividing $200,000 by the $2.40/share discounted price for investments of at least $100,000). View More

Payments. Sixty (60) Monthly interest only payments in the amount billed, beginning on July 1, 2021. One (1) installment of interest in the amount billed and principal to be paid on July 1, 2026. MLA Supplement -Revolving Credit (Rev. 09.16) Filing Ref. : Limoneira Company Loan/Supplement Number: 8363846-101 Customer Number: 0005229057 Payments, other than those required in this Section or elsewhere herein, may be made at any time and in any amount during the term of this Note, unless limited or... prohibited herein or unless otherwise required by Lender in writing. This Loan is due and payable in full on July 1, 2026 ("Maturity Date"), at which time Borrower shall pay the unpaid principal balance and all accrued interest in full. At Lender's option, a change in the interest rate or an advance may either increase or decrease one or more of the following: the amount of each installment due, the amount of the final installment (resulting in a final installment due at the Maturity Date which may be greater than any previous installments) or the total number of installments due. View More

Payments. (a) Accrued Rights. Following the Termination Date, Executive shall be entitled to: (i) the Accrued Rights (as defined in the Employment Agreement); and (ii) $243,689.79 in respect of a pro rata portion of Executive's Annual Target Bonus (as defined in the Employment Agreement) in respect of 2021, based on a fraction, the numerator of which is the number of days during 2021 up to and including August 31, 2021, and the denominator of which is the number of days in such fiscal year, payable no... later than 10 days following August 31, 2021, subject to the execution and non-revocation of the Release (as defined below). (b) Separation Payments. In addition to the payments set forth in Section 2(a) hereof, subject to (i) Executive's continued compliance with the Restrictive Covenants (as defined below), and (ii) Executive's execution and non-revocation of (x) this Agreement and (y) the General Release attached hereto as Exhibit A (the "Release") and in consideration of the Release, and Executive's other promises set forth herein, the Company, in full satisfaction of the obligations set forth in Section 5(d) of the Employment Agreement or otherwise, shall pay: 1 (i) to Executive, a lump-sum cash payment, payable within 55 days after the Termination Date and effectiveness of the Release, equal to the sum of: (A) $915,026.25, which is equal to 150% of Executive's Base Salary (as defined in the Employment Agreement) as of the date immediately prior to the Termination Date; (B) $954,114.75, which is equal to 150% of Executive's Annual Bonus (as defined in the Employment Agreement) for 2020; (C) $26,451.90, which is equal to the monthly COBRA costs of providing health and welfare benefits for Executive and Executive's dependents under the plans in which Executive was participating as of the Termination Date, times eighteen; (ii) to Executive, a lump-sum cash payment, payable within 75 days after the Termination Date and effectiveness of the Release, equal to $833,333, which is the amount that will be unpaid as of the Termination Date under the Cash Incentive Award letter agreement (the "Retention Letter") from the Company dated as of March 2, 2020 (the "Cash Incentive Award"); and (iii) on behalf of Executive, the amount required to buy out the Executive's leased Company automobile (the "vehicle") from the Company's fleet leasing provider (the "lessor"), payable to the lessor, and the Company shall permit Executive to retain the vehicle, and the Company will promptly take all actions necessary to effect the full and complete transfer of ownership and title of the vehicle from the lessor (or its affiliate, as the case may be) to Executive (collectively 2(b)(i), 2(b)(ii) and 2(b)(iii), the "Separation Benefits"). Except as otherwise expressly required by law or as specifically provided herein, Executive shall have no right to compensation, benefits or other amounts after the Termination Date. (c) Section 409A. To the extent that any of the Separation Benefits or the payment set forth in Section 2(a)(ii) (the "Conditioned Benefits") constitutes "nonqualified deferred compensation" for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), any payment of any amount or provision of any benefit otherwise scheduled to occur prior to the 60th day following the Termination Date, but for the condition on executing the Release as set forth herein, shall not be made until the first regularly scheduled payroll date following such 60th day, after which any remaining Conditioned Benefits shall thereafter be provided to Executive according to the applicable schedule set forth herein. View More