Common use of Adjustment of Payments Clause in Contracts

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. Should the Final T-Note Average differ from the Preliminary T-Note Average, then the Preliminary Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above or below the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows (complete below as applicable): The Advance Payment, due upon execution of the Equipment Schedule, shall remain unchanged. Each of the monthly payments initially scheduled, in the amount of $15,548.99, shall increase or decrease by $2.87. THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE ANY PRIOR PROPOSAL OR QUOTATION. LESSEE HEREBY ACKNOWLEDGES AND AGREES TO THE CALCULATION OF THE PAYMENT SCHEDULE SET FORTH HEREIN.

Appears in 2 contracts

Samples: Master Equipment Lease Agreement (Genaissance Pharmaceuticals Inc), Master Equipment Lease Agreement (Genaissance Pharmaceuticals Inc)

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Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. Should the Final T-Note Average differ from the Preliminary T-Note Average, then the Preliminary Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above or below the Preliminary T-Note Average, the Preliminary Payments shall be he revised as follows (complete below as applicable): The Advance Payment, due upon execution of the Equipment Schedule, and the next eleven payments shall remain unchanged. Each of the monthly payments for the months number 13-48 initially scheduled, scheduled in the amount of $15,548.99, 12,324.42 shall increase or decrease by $2.873.19. THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE ANY PRIOR PROPOSAL OR QUOTATION. LESSEE CUSTOMER HEREBY ACKNOWLEDGES AND AGREES TO THE TUE CALCULATION OF THE OP TIE PAYMENT SCHEDULE SET FORTH HEREIN.

Appears in 1 contract

Samples: Paradigm Genetics Inc

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. Should the Final T-Note Average differ from the Preliminary T-Note Average, then the Preliminary Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above or below the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows (complete below as applicable): The Advance Payment, due upon execution of the Equipment Schedule, shall remain unchanged. Each of the monthly payments initially scheduled, scheduled in the amount of $15,548.99, 13,962.63 shall increase or decrease by $2.872.55. THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE ANY PRIOR PROPOSAL OR QUOTATION. LESSEE HEREBY ACKNOWLEDGES AND AGREES TO THE CALCULATION OF THE PAYMENT SCHEDULE SET FORTH HEREIN.

Appears in 1 contract

Samples: Master Lease Agreement (Quasi (Variagenics Inc)

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. Should the Final T-Note Average differ from the Preliminary T-Note Average, then the Preliminary Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above or below the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows (complete below as applicable): The Advance Payment, due upon execution of the Equipment Schedule, and the next eleven payments shall remain unchanged. Each of the monthly payments for the months number 13-48 initially scheduled, scheduled in the amount of $15,548.99, 21,809.84 shall increase or decrease by $2.875.95. THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE ANY PRIOR PROPOSAL OR QUOTATION. LESSEE CUSTOMER HEREBY ACKNOWLEDGES AND AGREES TO THE CALCULATION OF THE PAYMENT SCHEDULE SET FORTH HEREIN.

Appears in 1 contract

Samples: Security Agreement (Paradigm Genetics Inc)

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. Should the Final T-Note Average differ from the Preliminary T-Note Average, then the Preliminary Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above or below the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows (complete below as applicable): The Advance Payment, due upon execution of the Equipment Schedule, and the next eleven payments shall remain unchanged. Each of the monthly payments for the months number 13-48 initially scheduled, scheduled in the amount of $15,548.99, 14,934.63 shall increase or decrease by $2.873.87. THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE ANY PRIOR PROPOSAL OR QUOTATION. LESSEE CUSTOMER HEREBY ACKNOWLEDGES AND AGREES TO THE CALCULATION OF THE PAYMENT SCHEDULE SET FORTH HEREIN.

Appears in 1 contract

Samples: Security Agreement (Paradigm Genetics Inc)

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Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. Should the Final T-Note Average differ from the Preliminary T-Note Average, then the Preliminary Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above or below the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows (complete below as applicable): The Advance Payment, due upon execution of the Equipment Schedule, shall remain unchanged. Each of the monthly payments initially scheduled, scheduled in the amount of $15,548.99, 29,539.69 shall increase or decrease by $2.875.39. THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE ANY PRIOR PROPOSAL OR QUOTATION. LESSEE HEREBY ACKNOWLEDGES AND AGREES TO THE CALCULATION OF THE PAYMENT SCHEDULE SET FORTH HEREIN.

Appears in 1 contract

Samples: Master Lease Agreement (Quasi (Variagenics Inc)

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. Should the Final T-Note Average differ from the Preliminary T-Note Average, then the Preliminary Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above or below the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows (complete below as applicable): The Advance Payment, due upon execution of the Equipment Schedule, shall remain unchanged. Each of the payments for the months number 12-48 initially scheduled for thirty- six (36) consecutive monthly payments initially scheduled, in the amount of $15,548.99, 11,926.21 shall increase or decrease by $2.873.25. THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE ANY PRIOR PROPOSAL OR QUOTATION. LESSEE CUSTOMER HEREBY ACKNOWLEDGES AND AGREES TO THE CALCULATION OF THE PAYMENT SCHEDULE SET FORTH HEREIN.

Appears in 1 contract

Samples: Loan and Security Agreement (Paradigm Genetics Inc)

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. Should the Final T-Note Average differ from the Preliminary T-Note Average, then the Preliminary Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above or below the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows (complete below as applicable): The Advance Payment, due upon execution of the Equipment Schedule, and the next eleven payments shall remain unchanged. Each of the monthly payments for the months number 13-48 initially scheduled, scheduled in the amount of $15,548.99, 25,121.09 shall increase or decrease by $2.876.50. THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE ANY PRIOR PROPOSAL OR QUOTATION. LESSEE CUSTOMER HEREBY ACKNOWLEDGES AND AGREES TO THE CALCULATION OF THE PAYMENT SCHEDULE SET FORTH HEREIN.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Paradigm Genetics Inc)

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