Fourth Payment Sample Clauses

Fourth Payment. Within ten calendar days after the Annual Determination for calendar year 2003 and any adjustments thereto have become binding on the parties as herein provided, if the 2003 PBT is greater than $15.0 million and the 2003 PBT Margin is greater than 10%, a fourth payment of $5.0 million ("IP-4").

Fourth Payment. Within ten calendar days after the Annual Determination for the calendar year 2004 and any adjustments thereto have become binding on the parties as herein provided, a fourth payment ("IP-4") (but only if the amount is a positive number), calculated as follows:

Fourth Payment. The fourth payment will be distributed in the following priority: (i) Claims Facility administrative costs, (ii) Class Counsel fees, and (iii) subject to Paragraph 1.8, below, Approved Current Claims.

Fourth Payment. 7 GAAP.............................................................................................................11

Fourth Payment. After receipt and approval of the third interim technical and fiscal reports for the third 6-month period, or after actual expenditures on the project have equaled or exceeded the required expenditure, whichever is later. Required Payment Expenditure Israeli Company: $ 803,457 $ 107,128 U.S. Company: $ 621,542 $ 82,872 However, if at the required time of submission of the third interim technical and fiscal reports, work on the project or expenditures thereon prove to be materially behind plan, in accordance with Annex D and Annex A, respectively, the Foundation will review the project with Proposer and determine a suitable course of action with respect to further payments against the Conditional Grant, if any.

Fourth Payment. Thirty-five percent (35%) of the total Licensed Software, Sublicensed Software and professional service fees in the amount of two hundred thirty-four thousand twenty-five dollars and seventy-five cents ($234,025.75) shall be invoiced and payable upon First Productive Use of the 2012.01 code.

Fourth Payment. On or before January 1, 2005, Apex shall pay Western a total of not more than $1,000,000 for purposes of Western or WJM paying the underlying landowners of the Property, plus up to an additional $150,000 to pay any IVA tax related to those Property payments. On or before December 1, 2004, Apex shall notify Western in writing if Apex intends to make those payments. Any additional amounts payable to the landowners or additional IVA tax shall be the sole obligation of Western. Apex also shall pay Western amounts necessary to pay annual mineral claim taxes on the Property that become due during 2005.

Fourth Payment. 5.4.1 On the Fourth Payment Date, Paradigm shall pay to Owner the sum of ***; or 5.4.2 at Owner’s option, (subject to Global shareholder approval) within forty-five (45) days after the Fourth Payment Date, Global shall deliver to Owner the number of Shares determined in accordance with this Section as designated by Owner in increments of value of *** which shall be in lieu of the corresponding portion of the cash component of the Fourth Payment, (the “Fourth Payment”). If Owner elects to be paid in Shares, the Fourth Payment Shares shall be equivalent of *** in Shares at an exchange rate of A$1=US$0.75 and a Share price based on the 30-trading day VWAP fifteen (15) trading days either side of the Fourth Payment Date. For the avoidance of doubt, if Paradigm does not exercise the Option on or before the Third Payment Date, or terminates this Agreement under Section 20 on or before the Fourth Payment Date, it is released from any obligation to make the Fourth Payment.

Fourth Payment. For an employee who entered County service as a permanent Deputy Public Defender Fixed-Term, Deputy Public Defender I or II, the employee must work as a Deputy Public Defender I, II, Ill, or IV during the sixth year of employment from date of hire to be eligible for the fourth payment. Upon completion of six (6) years of employment with the County as a permanent Deputy Public Defender, the employee may receive $6,000 for purposes of reimbursement for law school student loan payments.