Estimated Payment Clause Samples
POPULAR SAMPLE Copied 4 times
Estimated Payment. On or before the due date of GM's payment of estimated tax, Delphi will pay to GM the amount, if any, shown in the calculation of Delphi Group estimated tax. If, at the due date of any payment of estimated tax, or after the close of the tax year, Delphi's calculations show that its previous payments to GM are in excess of the Delphi Group Tax Liability for estimated tax due on a cumulative basis, GM shall promptly refund such excess to Delphi. No refund shall be required prior to the filing of the Income Tax Return related to such taxes unless GM can obtain cash benefit of such Delphi excess payment whether by refund from the taxing authorities or by reduction of other taxes for which GM is liable.
Estimated Payment. Prior to the Commencement Date and prior to the first day of each Calendar Year thereafter during the Term, Landlord shall submit to Tenant a reasonable estimate of the Real Estate Taxes expected to be incurred by Landlord during the upcoming Calendar Year and a statement of Tenant's Proportionate Share of such estimated annual Real Estate Taxes. In the event that any tax bill imposes Real Estate Taxes on both the Building and Building II ▇▇▇▇out allocating such Taxes as between the two (2) buildings, then, for the purposes of this Section and Section 8.3, the Real Estate Taxes allocable to the Building shall be determined by reference to the tax assessor's worksheet for the Corporate Park. It is the express intent of the parties that Tenant shall not be obligated to pay any Real Estate Taxes levied, imposed, or assessed against Building II. In addition to the Basic Rent, Tenant shall pay to Landlord, beginning on the Commencement Date and continuing on the first day of each month thereafter during each Calendar Year, one-twelfth (1/12) of Tenant's Proportionate Share of annual Real Estate Taxes as set forth in Landlord's statement. However, if the Commencement Date is a day other than the first day of a calendar month, then the installment of Real Estate Taxes for the first month of the Term shall be pro rated on the basis of a thirty (30)-day month. If Landlord fails to give Tenant notice of its estimated payments due under this Section for any Calendar Year, then Tenant shall continue making monthly estimated payments in accordance with the estimate for the previous Calendar Year until a new estimate is provided. When the new estimate is provided, Tenant's monthly estimated payments shall be adjusted in accordance with the new estimate and if any deficiency exists in the payments already made for the Calendar Year in question, the deficiency shall be paid with the next monthly installment of Basic Rent. No delay by Landlord in providing any estimate under this Section or any statement under Section 6.3 shall excuse tenant from paying Tenant's Proportionate Share of Real Estate Taxes for any period within the Term. The initial amount of Tenant's estimated monthly payments of Real Estate Taxes shall be Three Thousand Three Hundred Ninety-Six and 51/100 Dollars ($3,396.51) per month.
Estimated Payment. Notwithstanding the foregoing, if the Additional Amount cannot be finally determined on or before the Payment Date (as defined in section 2.4), the Parent shall pay or cause the Company to pay on the Payment Date an estimate, as determined in good faith by the Company, of the minimum amount of the Additional Amount. Any portion of the Additional Amount that is not made on the Payment Date shall bear interest at a rate equal to one-hundred twenty (120) percent of the monthly compounded applicable federal rate, as in effect under section 1274(d) of the Code for the month in which the Payment Date occurs. In the event that the amount of the estimated payment exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by the payor, payable on the fifth day after demand by the Parent or the Company, as applicable, with interest at the rate provided under section 1274(d) of the Code until paid.
Estimated Payment. Tenant shall make monthly installment payments toward Tenant’s Share of Real Estate Taxes on an estimated basis, based on Landlord’s reasonable estimate of Real Estate Taxes for such calendar year. Tenant shall pay Landlord, as Additional Rent, commencing on the first day of the Term and on the first day of each month thereafter throughout the Term (and any extension thereof), one-twelfth (1/12th) of Landlord’s estimate of Tenant’s Share of Real Estate Taxes for the then-current calendar year. If at any time or times during such calendar year it appears to Landlord that Tenant’s Share Deed of Lease Alliance Home Funding, LLC Page 16 of 63 of Real Estate Taxes for such calendar year will materially vary from Landlord’s estimate, Landlord may, by written notice to Tenant, once during any calendar year, reasonably revise its estimate for such calendar year and Tenant’s estimated payments hereunder for such calendar year shall thereupon be based on such revised estimate.
Estimated Payment. At the Initial Closing, Purchaser shall pay to the Seller Representative by wire transfer of immediately available funds to an account to be specified in a written notice delivered by the Seller Representative to Purchaser at least three (3) Business Days prior to the Closing Date an aggregate amount in cash equal to the result of: (i) Twenty-Four Million Dollars ($24,000,000), plus (ii) the Estimated Closing Working Capital Adjustment (which for the avoidance of doubt may be a positive or negative amount), minus (iii) the Estimated Closing Deferred Revenue Adjustment, minus (iv) the Indemnification Escrow Amount, minus (v) the Adjustment Escrow Amount, minus (vi) the Title IV Advance Amount, and minus (vii) the ED Payment.
Estimated Payment. 17.1 When ENTRUSTEE requests estimated payment to ENTRUSTOR, ENTRUSTEE must submit “an estimated payment invoice” pursuant to FORM No. 5 to ENTRUSTOR.
17.2 A cap on the estimated payment is determined in consideration of actual spending or the determined amount of the ENTRUSTED EXPENDITURE.
Estimated Payment. Commencing on the first day of the second Lease Year, Tenant shall make monthly installment payments toward Tenant’s Share of Increases in Real Estate Taxes on an estimated basis, based on Landlord’s reasonable estimate of Real Estate Taxes for such calendar year. Tenant shall pay Landlord, as Additional Rent, commencing on the first day of the second Lease Year and on the first day of each month thereafter throughout the Term (and any extension thereof), one-twelfth (1/12th) of Landlord’s estimate of Tenant’s Share of Increases in Real Estate Taxes for the then-current calendar year. If at any time or times during such calendar year it appears to Landlord that Tenant’s Share of Increases in Real Estate Taxes for such calendar year will vary from Landlord’s estimate by more than five percent (5%) on an annualized basis, Landlord may, by written notice to Tenant, revise its estimate for such calendar year and Tenant’s estimated payments hereunder for such calendar year shall thereupon be based on such revised estimate.
Estimated Payment. At the Closing and subject to the terms and conditions hereof, the Seller shall pay the Purchaser by wire transfer of immediately available funds on the Closing Date an amount (the "Estimated Purchase Price") equal to (a) the Deposit Liabilities as of the close of business on the second business day prior to the Closing Date determined in accordance with Section 1.4(a) hereof reduced by (b) the sum of the following items (each to be determined for purposes of calculating the Estimated Purchase Price as of the close of business on the second business day prior to the Closing Date): (i) the aggregate unpaid principal balances of the Loans (ii) the net book value of the Fixed Assets as shown on the books and records of the Seller; (iii) the face amount of the ▇▇▇▇▇ or vault cash maintained at the Branches determined in accordance with Section 1.2(h) hereof; (iv) the aggregate interest receivable but unpaid on the Loans and other Assets transferred by the Seller to the Purchaser hereunder; (v) the net book value of the Real Property owned by Seller; and (vi) an aggregate net deposit premium fixed at a rate of 3.38% based on a net deposit premium (which shall include both public and non-public transactional and time deposits) estimated to be equal to 4.00% of the average balance of the accounts representing the Deposit Liabilities for the Maysville, KY Branch, 2.50% for the Mt. Olivet, KY Branch, and 3.25% for the Ohio Branches over the period commencing on the date of this Agreement and ending at the close of business on the Closing Date (with such premium to be estimated as of the average figure for the period ended the second business day prior to the Closing Date for purposes of the Estimated Purchase Price calculation); such payment formula shall be further adjusted in accordance with Section 1.14. In the event the preceding formula produces a negative number, the absolute value of such amount shall be paid by the Purchaser to the Seller by wire transfer on the Closing Date and the Seller shall have no obligation to make any payment to the Purchaser on the Closing Date. The payment formula referred to above is for the sole purpose of determining the amount of cash transferable at the Closing Date and shall not constitute an allocation of the purchase price for the Branches to any particular asset being transferred or liability being assumed. Seller shall provide to Purchaser an Estimated Purchase Price closing statement which reflects the calculation of th...
Estimated Payment. No later than the end of each calendar quarter, the Brynmawr Entities shall pay or cause to be paid any amount that they reasonably and in good faith estimate to have then accrued and remained unpaid in respect of the Cash Participation (an "Estimated Quarterly Payment"). Simultaneously with the making of any Estimated Quarterly Payment, the Brynmawr Entities shall send Administrator LLC supporting documentation showing in reasonable detail the computation of the amount of the Estimated Quarterly Payment.
Estimated Payment. On or prior to the 30th day after the end of the Collection Period, the Owner will prepare and submit to the Broker a report (the "the Owner's Report") setting forth the Owner's determination of the Net Adjustment (the "Estimated Adjustment"). The Estimated Adjustment will become final and binding upon the Owner and the Broker, and thus become the "Final Net Adjustment", on the fifteenth (15th) business day after the Owner's Report is delivered to the Broker unless, prior to such date, the Broker gives the Owner written notice stating that the Broker disagrees with such determination and, to the extent reasonably possible, stating in reasonable detail the nature, extent of, and basis for, the Broker's disagreement.