Deferred Amounts Clause Samples

Deferred Amounts. 17.7.1 The employer unconditionally guarantees payment of the deferred amount. 17.7.2 The deferred amount shall be invested by the employer. 17.7.3 The interest rate to be applied to the deferred amount is guaranteed to be the same rate as the employer receives on short-term investments. 17.7.4 Payroll shall maintain an individual account for the deferred amount of each participant in the plan; however, the amount will not be held in a segregated fund.

Deferred Amounts. (a) In addition to the rate of interest otherwise payable with respect to the Notes and all other amounts payable hereunder or in connection herewith, the Company shall pay, by no later than January 15, 2004, additional interest to the Noteholders in accordance with their respective pro rata principal amount in an amount equal to the aggregate of (i) each Series A Deferred Principal Amount multiplied by a rate per annum equal to 2.00% per annum from the date such Series A Deferred Principal Amount is created and determined hereunder until the date such Series A Deferred Principal Amount has been paid in full plus (ii) each Series A Deferred Principal Amount multiplied by a rate per annum equal to 1.00% per annum from the date such Series A Deferred Principal Amount has been paid in full (through voluntary prepayments pursuant to Section 8.2 hereof) to (but not including) January 15, 2004 (the amounts referred to in clauses (i) and (ii) hereof are collectively referred to as "Deferred Principal Amount Fees"). Each such voluntary prepayment shall be applied to the earliest occurring Series A Deferred Principal Amount and, after the same has been paid in full, thereafter to each immediately succeeding Series A Deferred Principal Amount until all Series A Deferred Principal Amounts have been paid in full. On January 15, 2004, the Company shall pay all Series A Deferred Principal Amounts. As used in this Section 8.7(a), "Deferred Principal Amount" means, with respect to each monthly repayment of the Amortization Debt occurring on or after the Second Amendment Effective Date but prior to January 1, 2004, the excess, if any, of (x) $4,958,333 minus (y) the actual amount of such repayment; it being understood and agreed that each occurrence of such an excess will create a new and independent Deferred Principal Amount. As used in this Section 8.7(a), "Series A Deferred Principal Amount" means the Series A Note Principal Allocation times each Deferred Principal Amount. The Company agrees that in connection with any payment of fees payable to the Specified Holders similar to the Deferred Principal Amount Fees, the Company shall pay to the Noteholders a pro rata amount of such payment.

Deferred Amounts. 18.9.7.1 The Institute unconditionally guarantees payment of the Deferred Amount. 18.9.7.2 The Deferred Amount shall be invested by the Institute. 18.9.7.3 Deferred amounts will be invested in a savings account or flexible GIC account. Investments will be monitored by the committee set up to supervise the Deferred Salary leave Plan 18.9.7.4 Payroll shall maintain an individual account for the Deferred Amount and accrued interest of each employee in the Plan.

Deferred Amounts. 18.8.7.1 The Institute unconditionally guarantees payment of the Deferred Amount.

Deferred Amounts. The Sellers covenant that, prior to the Closing Date, they shall pay to each Business Employee and shall otherwise be liable for (i) such employee’s bonus under any bonus plan sponsored or maintained by the Sellers for employees of the Business and the Mexican Subsidiaries specifically relating to the last six months of the calendar year ending December 31, 2003 and the six-month period ended June 30, 2004, calculated in accordance with the policies and practices of the Sellers as of the date hereof and as set forth in Section 6.05(a) of the Disclosure Schedule and (ii) any amounts owed to any Business Employee under the Rhodia U.S. Deferred Compensation Plan and as set forth in Section 6.05(b) of the Disclosure Schedule.

Deferred Amounts. The parties have mutually agreed to defer payment of certain Consulting Services Fees payable under this Agreement (“Deferred Amounts”). The amounts and schedule for repayment of such Deferred Amounts are set forth in the table below and the table in Section 5.3 that follows, respectively. If this Agreement is terminated for any reason prior to the final payment of Deferred Amounts under the Invoicing Schedule in Section 5.3 below, the parties acknowledge that CGI will not have been fully compensated for Consulting Services for implementation performed by CGI under the Agreement and therefore agree that the Deferred Amounts that remain unpaid as of the termination date (“Unpaid Deferred Amounts”) will become due in full and payable by the Client in accordance with the schedule in Section 5.4 below (the “Services Repayment Schedule”) which also includes Early Termination Fees. All amounts set forth in the Services Repayment Schedule will be paid by the Client within thirty (30) days of the effective date of termination. All parties recognize that the continuation of this Agreement after the close of any fiscal year of Client, which fiscal year ends on June 30 of each year, shall be subject to budget approval providing for or covering such contract items as an expenditure in said budget. Client does not represent that said budget item will be actually adopted, said determination being the determination of the City Council at the time of the adoption of the budget herein. No penalty shall accrue to Client in the event this provision shall be exercised. Should termination be accomplished in accordance with this Section, a settlement shall be negotiated by the parties based on items delivered, Services provided, monies paid and monies due. The Client will provide immediate notice to CGI upon learning that funding necessary to meet the Client’s payment obligations under the Invoicing Schedule becomes or is likely to become unavailable. Upon such notice, CGI may, in its sole discretion, either 1) cease performance of all or part of those Services for which funding will not be available, in which case the reduction of Services will be codified in a Change Order, or, 2) upon fifteen (15) days’ advance written notice to the Client, terminate this Agreement, in whole or in part. In the event of a partial termination by CGI, Client will be obligated to pay CGI for all Services performed through the termination date and to pay all Unpaid Deferred Amounts. If CGI does n...

Deferred Amounts. 17.3.8.1 The College unconditionally guarantees payment of the Deferred Amount. 17.3.8.2 The Deferred Amount shall be invested by the College. 17.3.8.3 The interest rate to be applied to the Deferred Amount is guaranteed to be the same rate as the College receives on short-term investments. 17.3.8.4 Payroll shall maintain an individual account for the Deferred Amount and accrued interest of each employee in the Plan.

Deferred Amounts. At all times a Participant shall be fully vested in his Deferred Salary, Deferred Bonus, Deferred Equity-Based Compensation, and Deferred Restoration Distribution Accounts hereunder (including any earnings or losses and Dividend Reinvestment Return thereon). A Participant shall become vested in any Company Matching Credits in the same manner and to the same extent as the Participant is vested in matching contributions otherwise credited to the Participant under the SIP. A Participant shall become vested in any Company Discretionary Credits pursuant to the vesting schedule established by the Company at the time such Credits, if any, are made. Except as otherwise provided in Section 6.1(b) (death) or Section 6.1(c) (disability), if a Participant incurs a Separation from Service at any time prior to becoming fully vested in amounts credited to the Participant’s Accounts hereunder, the nonvested amounts credited to the Participant’s Accounts shall be immediately forfeited and the Participant shall have no right or interest in such nonvested deferred amounts.

Deferred Amounts. (a) On the Commencement Date, and in connection with the transactions contemplated by this Agreement, DKTS shall cause to be issued to Citi a Letter of Credit in an initial face amount of USD 70,000,000 (such Letter of Credit, the “Initial Deferral LC” and such amount, the “Initial Deferred Amount”), and Citi shall advance to DKTS the Initial Deferred Amount for the purpose of facilitating the payment by DKTS of amounts owing or that may become owing, or which are or may be required to be posted as Posted Collateral, under Articles 8, 9, 11, and 12. (b) On the Amendment Effective Date, the aggregate Deferred Amount available under this Agreement will be increased by USD 180,000,000 (the “Additional Deferred Amount”). Any Deferred Amounts in excess of USD 120,000,000 shall remain unpaid for at least 30 consecutive calendar days. (c) On the Amendment Effective Date, and in connection with the transactions contemplated by this Agreement, DKTS shall cause to be issued to Citi an additional Letter of Credit in an initial face amount equivalent to the aggregate Subsequent Deferred Amount as of the Amendment Effective Date (such Letter of Credit, the “Amendment Deferral LC” and such amount, the “Amendment Deferred Amount”), and Citi shall advance to DKTS the Amendment Deferred Amount for the purpose of facilitating the payment by DKTS of amounts owing or that may become owing, or which are or may be required to be posted as Posted Collateral, under Articles 8, 9, 11, and 12.