Five Dollars Sample Clauses

Five Dollars. Payor agrees to pay interest on the unpaid principal sum from the date hereof until paid in full at a rate of 5.7% per year. All interest shall be computed on the basis of the actual number of days in the year and counting the actual number of days elapsed. Principal and all accrued and unpaid interest shall be payable in full on March 31, 1999. Payor has delivered to Payee's predecessor Micro Decisionware, Inc. a promissory note dated September 1993 in the original principal amount of $250,000 (the "Real Property Note") and another promissory note also dated September 1993 in the original principal amount of $675,000 (the "Stock Purchase Note," and collectively with the Real Property Note, the "Prior Notes"), each of which has been partially repaid. This Note represents a restructuring of the terms of the Prior Notes. This Note is issued not in payment of the debt evidenced by the Prior Notes but as evidence of the prior debt as restructured. This Note is secured by the Pledge Agreement of even date herewith (as amended from time to time, the "Pledge Agreement"). This Note is non-recourse to Payor personally to the extent set forth in the Pledge Agreement. Payor may prepay this Note in whole or in part at any time, without premium or penalty. Each prepayment shall be accompanied by payment of all interest accrued on the amount of such prepayment. Payor shall make each payment under this Note in immediately available funds, unconditionally in full without set-off, counterclaim or other defense, on the day when due. Each payment received hereunder shall be applied first to accrued interest and the balance, if any, to the principal. This Note shall bind Payor's successors and assigns. Failure of Payor to pay the Note when due or any default by Payor under the Pledge Agreement constitutes a default under this Note. The holder hereof shall be entitled upon any default under this Note to demand payment of the unpaid principal balance and all accrued interest thereon by written notice to Payor. Payor agrees to pay any and all collection costs and reasonable attorney's fees incurred by Payee in connection herewith. Except as expressly provided in this Note, Payor waives presentment, protest, notice of every kind including demand, intent to accelerate maturity, and acceleration of maturity, set-offs and counterclaims and expressly agrees that this Note, or any payment thereunder, may be extended from time to time without in any way affecting the liability of the P...
Five Dollars. Not later than the second Business Day before the Second Closing Date, the SCP Partnerships shall deliver to the Company a written notice that (i) identifies each Second Purchaser and (ii) states the number of Second Closing Shares and Second Closing Warrants to be purchased by each Second
Five Dollars. (USD5.00) per square kilometre per annum during the Initial Exploration Period,

Related to Five Dollars

  • Sixty (60) days shall have expired after the commencement of an action by or against Borrower seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, without such action being dismissed or all orders or proceedings thereunder affecting the operations or the business of Borrower being stayed; or a stay of any such order or proceedings shall thereafter be set aside and the action setting it aside shall not be timely appealed; or Borrower shall file any answer admitting or not contesting the material allegations of a petition filed against Borrower in any such proceedings; or the court in which such proceedings are pending shall enter a decree or order granting the relief sought in any such proceedings; or

  • Dollars The term “

  • million The foregoing provisions will not prohibit (i) the payment of any dividend within 60 days after the date of declaration thereof, if at said date of declaration such payment would have complied with the provisions of this Indenture; (ii) the redemption, repurchase, retirement, defeasance or other acquisition of any subordinated Indebtedness or Equity Interests of the Company in exchange for, or out of the net cash proceeds of (x) the substantially concurrent sale (other than to a Restricted Subsidiary of the Company) of, other Equity Interests of the Company (other than any Disqualified Stock) or (y) a substantially concurrent contribution of cash to the common equity of the Company; provided that the amount of any such net cash proceeds that are utilized for any such redemption, repurchase, retirement, defeasance or other acquisition shall be excluded from clause (c) (ii) of the preceding paragraph; (iii) the defeasance, redemption, repurchase or other acquisition of subordinated Indebtedness with the net cash proceeds from an incurrence of Permitted Refinancing Indebtedness; (iv) the payment of any dividend by a Restricted Subsidiary of the Company to the holders of its common Equity Interests on a pro rata basis; and (v) the repurchase, redemption or other acquisition or retirement for value of any Equity Interests of the Company held by any member of the Company's (or any of its Restricted Subsidiaries') management (or any estate, heir or legatee of any such member); provided that the aggregate price paid for all such purchased, redeemed, acquired or retired Equity Interests shall not exceed $250,000 in any twelve-month period and no Default or Event of Default shall have occurred and be continuing immediately after such transaction. The Board of Directors may designate any Restricted Subsidiary to be an Unrestricted Subsidiary if such designation would not cause a Default. For purposes of making such determination, all outstanding Investments by the Company and its Restricted Subsidiaries (except to the extent repaid in cash) in the Subsidiary so designated will be deemed to be Restricted Payments or, at the election of the Company Permitted Investments (if in compliance with such definition) at the time of such designation and will reduce the amount available for Restricted Payments under the first paragraph of this covenant or Permitted Investments as applicable. All such outstanding Investments will be deemed to constitute Investments in an amount equal to the fair market value of such Investments at the time of such designation. Such designation will only be permitted if such Restricted Payment or Permitted Investments, as applicable, would be permitted at such time and if such Restricted Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. The amount of all Restricted Payments (other than cash) shall be the fair market value on the date of the Restricted Payment of the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. The fair market value of any non-cash Restricted Payment shall be determined by the Board of Directors whose resolution with respect thereto shall be delivered to the Trustee, such determination to be based upon an opinion or appraisal issued by an accounting, appraisal or investment banking firm of national standing if such fair market value exceeds $5.0 million. Not later than the date of making any Restricted Payment, the Company shall deliver to the Trustee an Officers' Certificate stating that such Restricted Payment is permitted and setting forth the basis upon which the calculations required by this Section 4.07 were computed, together with a copy of any fairness opinion or appraisal required by this Indenture.

  • Five (5%) percent of the total fee upon 100% completion of Phase IV.

  • Thirty (30) days after the employee begins his/her employment in a bargaining unit position, unless the employee previously served in a bargaining unit position and continued in the employ of the Board in a non-bargaining unit position or was on layoff, in which event the deductions will begin with the first paycheck paid ten (10) days after the resumption of the employee’s employment in a bargaining unit position, whichever is later.

  • Payment in Singapore dollars You must pay us all sums due under this agreement in Singapore dollars. If we receive a payment in a currency other than Singapore dollars, we will convert it to Singapore dollars at such time and rate of exchange as we may in our reasonable discretion adopt in accordance with our usual practice. You must bear all exchange risks, and reasonably incurred losses, commission, fees and charges which may thereby arise.

  • SEVEN (a) This Agreement shall not in any way be construed as an admission by the Company that it has acted wrongfully with respect to you or any other person, or that you have any rights whatsoever against the Company, and the Company specifically disclaims any liability to or wrongful acts against you or any other person, on the part of itself, its employees or its agents. This Agreement shall not in any way be construed as an admission by you that you have acted wrongfully with respect to the Company, or that you failed to perform your duties or negligently performed or breached your duties, or that the Company had good cause to terminate your employment.

  • billion The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

  • Four weeks accrual - Employees shall accrue four weeks of vacation annually after the completion of 286 full-time biweekly pay periods (11 years) of continuous employment and until completion of 520 full-time biweekly pay periods (20 years) of continuous employment, up to a maximum balance of eight weeks.

  • EIGHT You and the Company represent and acknowledge that in executing this Agreement, neither is relying upon any representation or statement not set forth in this Agreement or the Severance Agreement. NINE: