Deferral Fee Sample Clauses
A Deferral Fee clause establishes the obligation for one party to pay a fee in exchange for postponing a payment or performance deadline. Typically, this clause specifies the amount or method of calculating the fee, the conditions under which deferral is permitted, and the new timeline for the deferred obligation. By clearly outlining the costs and terms associated with delaying payment or performance, the clause compensates the party granting the deferral and provides a structured mechanism for managing changes to agreed schedules.
Deferral Fee. For each High Interest Target Biogen elects to defer under this Section 1.8, Biogen will pay Ionis an annual deferral fee of (a) $[***] for each such Deferred Target for which the best therapeutic approach is determined to be an ASO or (b) $[***] for each such Deferred Target for which the best therapeutic approach is determined to be an Alternate Modality, in each case, in accordance with Section 1.3. No deferral fee will be due under this Section 1.8.2 with respect to any Collaboration Target that is treated the same as a Deferred Target pursuant to Section 1.6.
1. Each annual deferral fee for a Deferred Target will be paid in advance for the ensuing [***] month period, with the initial annual deferral fee for all Deferred Targets due within [***] days after the date Biogen delivers the applicable Deferral Notice to Ionis, and each annual deferral fee due thereafter during the Deferral Period on the anniversary of the date Biogen delivered such Deferral Notice. If any such annual deferral fee is due after the date that is [***] year prior to the expiration of the Research Term, such deferral fee will be pro-rated to account for the number of days remaining in the Research Term (where such pro-ration will be based on the number of days between the due date for such deferral fee and the end of the Research Term, divided by 365).
Deferral Fee. In consideration of the payment deferral provided for in this Article 11, the Company shall owe and pay to ▇▇▇▇, for each month (or portion of a month) during the Deferred Payment Period, the Deferral Fee for such month (or portion of a month). The Deferral Fee shall be calculated as of the end of each month or the last date of the Deferred Payment Period for the month or portion of a month ending on such date. For purposes of calculating such Deferral Fee, ▇▇▇▇ shall determine the Average Deferral Amount for the relevant period in accordance with Schedule F. Each Deferral Fee calculated as of the end of a month shall be due as provided in Section 10.2. A Deferral Fee calculated as of the end of the Deferred Payment Period shall be due pursuant Section 19 or 20, as applicable.
Deferral Fee. The Borrowers shall pay to the Lender the deferral fee (the “Deferral Fee”) as set forth in Section 2.11 of Schedule A attached hereto if, on the Effective Date, Borrowers do not deliver executed Conversion Documents for motor vehicles with an aggregate RTO Floor Plan Value (as defined below) of at least the outstanding balance of the Existing Receivables Loan accompanied by a certificate from an officer of the applicable Borrower that, to the knowledge of the Borrower, no person other than the Borrower has a lien on any of the motor vehicles for which that Borrower delivered Conversion Documents (such certificate is hereinafter referred to as the “Officer’s Certificate”). For purposes of this paragraph, “RTO Floor Plan Value” means the Black Book Value for a motor vehicle plus Six Hundred Dollars ($600). The aggregate RTO Floor Plan Value of all of the motor vehicles for which Conversion Documents and the related Officer’s Certificate are delivered to Lender is hereinafter referred to as the “Total RTO Floor Plan Value.” In the event that it is subsequently determined by Lender that any motor vehicle to which any set of Conversion Documents relates has a Lien upon the title to such motor vehicle, other than the Lien in favor of a Borrower, then the Conversion Documents relating to such motor vehicle shall be deemed to be void and the RTO Floor Plan Value of such motor vehicle shall be deducted from the Total RTO Floor Plan Value. In the event that a sufficient number of motor vehicles are subsequently determined to have such additional Liens upon their titles such that the Total RTO Floor Plan Value is reduced to an amount less than the outstanding amount of the Existing Receivables Loan by operation of the immediately preceding sentence (the difference between the outstanding amount of the Existing Receivables Loan and the Total RTO Floor Plan Value is hereinafter referred to as the “Deficiency”), then Borrowers shall pay to Lender the Deferral Fee as set forth in Section 2.11 of Schedule A attached hereto if within five (5) Business Days after notice to the Borrower Representative by Lender of such title defects the Borrowers (i) do not cure the title defects brought to the attention of the Borrower Representative by the Lender with respect to motor vehicles with an aggregate RTO Floor Plan Value at least equal to the Deficiency and/or (ii) do not deliver Conversion Documents relating to additional motor vehicles with an aggregate RTO Floor Plan Value a...
Deferral Fee. The Company agrees to pay to NBD a deferral fee of $12,500 on or before the Effective Date.
Deferral Fee. Borrower shall pay to Lender a deferral fee equal to Two Thousand Five Hundred Dollars ($2,500)
Deferral Fee. On the Deferred Interest Payment Date, the Company shall pay to the Purchasers a cash fee equal to 1% of the unpaid principal balance of the Notes.
Deferral Fee. The deferral fee for the 3 day MWP3 and 5 day MWP4 events is $500.00.For the "Professional Business Builder" event its $150.
Deferral Fee. As additional compensation for extension of the due date of the principal payments due January 1, 2001, pursuant to Section 2.6(d)(v)(y) of this Agreement, as amended by the Eighth Amendment, in addition to interest and all other fees as herein provided, Borrower shall pay to Banks a fee of one hundred fifty (150) basis points per annum (the "Deferral Fee"), prorated for any partial year, on the principal balance of the Revolving Loans and the Term Loan outstanding from time to time during the period from January 1, 2001 through April 27, 2001. Such Deferral Fee shall be Ninety-Nine Thousand Eleven and 70/100 Dollars ($99,011.70) for the period from January 1 through April 27, 2001 and shall be due and payable in full on April 27, 2001. For the purposes of this Agreement, one hundred (100) basis points equal one percent (1.0%).
Deferral Fee. In partial consideration for Lender's agreement to permit the deferral of the payments of principal described in Section 2.01(f), Chadmoore will pay to Lender a fee (the "Deferral Fee") in the amount of One Million Dollars ($1,000,000) which shall be payable on the earliest of (i) December 31, 2001, (ii) the prepayment of the Loans pursuant to Section 2.02(e) upon the closing of the transactions contemplated under the Acquisition Agreement, or (iii) at the option of Lender, upon the occurrence of an Event of Default. The Deferral Fee shall be deemed fully earned whether or not the payment due on the Payment Date closest to September 30, 2001 is actually deferred."
(c) The last sentence of Section 7.02 of the Loan Agreement is hereby amended to read in its entirety as follows: "Notwithstanding the foregoing set forth in this Section 7.02, until the termination of the Acquisition Agreement for any reason, compliance with the covenants set forth in this Section 7.02 is waived."
(d) Section 9.01 of the Loan Agreement is hereby amended to amend Section 9.01(m) to read in its entirety as follows:
Deferral Fee. The Deferral Fee, when due hereunder; and” 7 The Loan Agreement shall be amended by deleting the following text, appearing in Section 6.2 thereof:
(a) a Borrowing Base Report (i) with each request for an Advance, (ii) no later than Friday of each week (reflecting information that is current as of a date no earlier than the prior Friday) when a Streamline Period is not in effect, and (iii) within seven (7) days after the end of each month when a Streamline Period is in effect;” and inserting in lieu thereof the following:
(a) Intentionally omitted;” 8 The Loan Agreement shall be amended by deleting the following text, appearing in Section 6.2 thereof: