Down Payments Sample Clauses

Down Payments. Section 6.1. of the Agreement shall be amended and read as follows: 6.1. As consideration for the rights and licenses hereunder, EVOTEC shall pay to ROCHE a down payment in the amount of 6 Million US Dollars (US$6 Mio) payable before December 31, 2005 (“First Payment”). In addition, EVOTEC shall pay to ROCHE a second down payment in the amount of 2 Million US Dollars (US$2 Mio) payable before April 30, 2007 (“Second Payment”).”

Down Payments. Dealer shall collect prior to MBG’s purchase of any Contract all amounts due from the Buyer in full as a down payment pursuant to the Contracts purchased by MBG hereunder, and the down payment shall be in the form of check, cash, or certified funds. It is expressly acknowledged, understood, and agreed that Dealer shall not accept a credit card, check drawn on a credit card account or any other credit or loan transaction. If Dealer fails to collect the down payment in full in accordance with this Agreement prior to MBG’s purchase of the Contract, the Contract shall be subject to immediate repurchase at any time during the life of the Contract upon verification by MBG of the Dealer’s failure to collect the down payment in full. The assignment of a Contract hereunder shall not be deemed to have been completed until such time as Buyer’s financial institution accepts a check as a down payment for a Contract, and if the check is returned for insufficient funds, the Contract shall be subject to immediate repurchase as defined below. Dealer shall immediately notify MBG in writing if any down payment check for a Contract is returned for insufficient funds upon its presentment to the entity on which the check is drawn.

Down Payments. The Managing Member may either (A) make a request for a Voluntary Additional Contribution under Section 7.4(a)(ii) hereof (which Voluntary Additional Contribution shall be deemed to have been Approved by all of the Members) or (B) with the prior Approval of the Investor Member, use undistributed Net Cash Flow to post required down payments. In the event the Managing Member shall request a Voluntary Additional Contribution, the Members shall contribute their Percentage Interests of such additional capital within ten (10) days of receipt of such request from the Managing Member; provided, however, that the Managing Member may make the full down payment required, which payment shall be subsequently reimbursed to the Managing Member upon the contribution of the Investor Member of its Percentage Interest of such Voluntary Additional Contribution.

Down Payments. Debtor and Lender hereby agree that the Monthly Step Down payments for the period beginning DECEMBER 31, 2010 and ending JUNE 30, 2011, shall be deferred and shall be due and payable on or before AUGUST 31, 2011, and shall bear interest at the Rate (as defined in the Note) until paid. Debtor’s failure to pay any Monthly Step Down payment in accordance with this Section shall be an Event of Default under Section 12(a) of the Agreement. Overadvance. Debtor acknowledges and agrees that an Overadance of FOUR HUNDRED THIRTY THREE THOUSAND SEVEN HUNDRED FORTY-SEVEN AND NO/100 DOLLARS ($433,747.00) has occurred as of DECEMBER 31, 2010. Debtor and Lender hereby agree that the payment of such Overadvance shall be deferred and any remaining portion of this Overadvance shall be due and payable on or before AUGUST 31, 2011 after giving consideration to the Debtor’s Borrowing Base as of that date. Notwithstanding anything in the Loan Documents to the contrary, such Overadvance shall bear interest at the Rate (as defined in the Note) until paid. Such deferral of payment shall be a one-time limited deferral, and any other Overadvance shall be repaid as required by Section 2(c) of the Agreement.

Down Payments. All subscribers will be required to make a refundable $110.00 down payment at the time of contract signing. This down payment is refundable to the customer if they cancel within the specified timeframe as shown in Exhibit 1. The Provider will also refund this down payment in the event the project does not ever reach the Commercial Operation date.

Down Payments. 6.1. As consideration for the grant of the rights and licenses hereunder, EVOTEC shall pay to ROCHE a down payment in the amount of 6 Million US Dollars (US$6 Mio) payable before December 31, 2005 (“First Payment”). In addition, EVOTEC shall pay to ROCHE a second down payment in the amount of 2 Million US Dollars (US$2 Mio) payable before December 1, 2006 (“Second Payment”).

Down Payments. Dealer shall collect all amounts due from the Buyer in full as a down payment pursuant to a Contract purchased by SCUSA hereunder in the form of check, cash, or certified funds prior to SCUSA’s purchase of the Contract. It is expressly acknowledged, understood, and agreed by ▇▇▇▇▇▇ and SCUSA that a credit card, check drawn on a credit card account, or any other credit transaction is not a valid form of down payment hereunder. If Dealer fails to collect the down payment in full in accordance with this Agreement prior to SCUSA’s purchase of the Contract, the Contract shall be subject to immediate Repurchase as defined below at any time during the life of the Contract upon verification by SCUSA of Dealers’ failure to collect the down payment in full. The assignment of a Contract hereunder shall not be deemed to have been completed until such time as ▇▇▇▇▇’s financial institution account has been finally debited for any check or checks provided to Dealer by Buyer as a down payment in connection with such Contract. If Dealer accepts a check as a down pay- ment for a Contract and the check is returned for insufficient funds upon presentment for payment to the entity on which the check is drawn, the Contract shall be subject to immediate repurchase as defined herein. Dealer shall immediately notify SCUSA in writing if any down payment check for a Contract is returned for insufficient funds upon its presentment to the entity on which the check is drawn.

Down Payments. If you elect to make a down payment, that payment will be processed by NBS immediately according to the payment method you have selected. Should your down payment fail, NBS will notify you that your agreement has been terminated. You will be instructed to reenroll through NBS or make payment arrangements directly with your Institution. ENROLLMENT FEE: The nonrefundable enrollment fee will be deducted from the account provided within 14 days of the agreement being posted to the NBS system. The nonrefundable enrollment fee is based upon the number of payments selected for each NBS agreement period. If the entire balance due is not paid within the agreement period or twelve (12) months, whichever period is shorter, an agreement is in renewal. On the renewal date of such an agreement, NBS may assess a new nonrefundable enrollment fee. If any fees are returned, they will be reattempted. Fees are subject to change in future academic years. The nonrefundable enrollment fee applicable to this agreement is shown at the bottom of this page. RETURNED PAYMENT FEE: If a payment is returned, a $25 returned payment fee will be automatically deducted from the account provided within 20 days. A returned payment fee will be assessed for each payment attempt that is returned. If any fees are returned, they will be reattempted. Fees are subject to change in future academic years. PAYMENT METHOD: If you wish to change from a checking or savings account to a credit card, or vice versa, you will need to complete a new agreement and an additional nonrefundable enrollment fee will be automatically deducted. PAYMENT DATE: If your payment date falls on a weekend or a banking holiday observed by the Federal Reserve, the payment will be attempted on the next business day. Although NBS specifies the date each payment will occur, your financial institution determines the time of day the payment is debited to the account. CUSTODIAL ACCOUNT: Collected funds shall be held by NBS as your agent until remitted to the Institution. Depending upon the Institution’s policy, payments returned by your financial institution will be automatically reattempted. Refunds of any money paid to NBS, except for any applicable NBS fees, will be handled by the Institution according to its refund policy. Interest earned on custodial funds is payable to NBS. CHANGES TO AGREEMENTS:

Down Payments. Client shall pay a First Down Payment in the amount of $ , by no later than . Client shall pay a Second Down Payment in the amount of $ , by no later than . The Total Fee balance due in the amount of $ shall be due and payable on or before .