Deferred Payment Balance Sample Clauses
Deferred Payment Balance. On the six month anniversary of the ------------------------ Closing Date, DoveBid shall pay the balance of the Deferred Payment, if any, to the Representative (for distribution by him to the Shareholders) provided that, if on such date, there is outstanding an unresolved Notice of Claim or Contested Claim (as defined in Article VIII hereof), an amount equal to the amount of Damages (as defined in Article VIII hereof), claimed in such Notice of Claim or Contested Claim shall be withheld from such payment to the Representative, pending resolution of the Notice of Claim or Contested Claim pursuant to the Article VIII hereof.
Deferred Payment Balance. Purchaser acknowledges and agrees that as of the date hereof the Deferred Payment Balance is the amount of principal, accrued and capitalized interest and expenses Purchaser owes to Vendor in connection with forbearances made by Vendor to Purchaser under the Deferred Payment Agreement. Subject to the terms and conditions, and subject to the limitations, herein set forth, Vendors agree, in accordance with this SECTION 2, to make a Forbearance in the full amount of the Deferred Payment Balance ("Deferred Payment Balance Forbearance") as of the date hereof, which amount shall be repaid in accordance with the terms and conditions set forth herein.