Down Payments. Section 6.1. of the Agreement shall be amended and read as follows:
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. 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. 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 Xxxxxx 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 Xxxxx’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 or full 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.
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. 6.1 As consideration for the grant of rights and licenses hereunder, EVOTEC shall pay to ROCHE a down payment in the amount of **** payable before December 31, 2005 (“First Payment”). In addition, EVOTEC shall pay to ROCHE a second down payment in the amount of **** payable before December 1, 2006 (“Second Payment”). ”* Portions of this document marked with **** have been omitted pursuant to a request for confidential treatment submitted with the SEC.” evidence reasonably acceptable to demonstrate that EVOTEC has used Commercially Reasonable Efforts to develop the Compound and has not cured such lack of diligence within such period, then ROCHE shall have the right to terminate this Agreement for the Compound in question with immediate effect and Section 13. shall apply.
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. XXXXXXX shall make the following down payments to LORAL (the “Down Payments”): January 5, 2010 June 15, 2010 $1.0 million $1.5 million The Down Payments are irrevocable and non-refundable, except as provided in Section 2.4 or if XXXXXXX terminates this Agreement prior to the Service Commencement Date in accordance with Section E.1 of Schedule 1.
Down Payments. Total Contract Price of Dollars ($ ) Down payments shall be made in the following manner: To Be Paid Herewith Dollars ($ ) and an additional down payment of Dollars ($ ) on or before closing of construction financing or opening of escrow. SUBTOTAL (DUE BUILDER) Dollars ($ )
