Goodwill Payment Sample Clauses

A Goodwill Payment clause outlines the terms under which one party may make a voluntary payment to another, typically as a gesture of goodwill rather than as a legal obligation. This clause often applies in situations where a party wishes to compensate for inconvenience, minor losses, or to maintain a positive business relationship, even though there is no formal liability. Its core function is to provide a mechanism for resolving minor disputes or maintaining goodwill without admitting fault or setting a legal precedent.
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Goodwill Payment. The Government acknowledges receipt prior to or upon execution of this Agreement of $ from the Company as a goodwill payment on the understanding that Government shall utilize the payment received o develop the institutions and expertise required at the local and national levels to effectively perform the activities of the Government under this Agreement. The Government shall quarterly report publicly on the specific expenditures of all funds received under this provision, starting 90 Days after the Effective Date of this Agreement.
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Goodwill Payment. The Buyer hereby undertakes to procure that ---------------- immediately following Closing the Company repays to B.V. the amount of $1,903,385.50 outstanding and due from the Company to B.V. on Closing in respect of the sale by B.V. to the Company of all right title benefit and interest which B.V. may have in the goodwill of the business carried on by the Partnership (the "Goodwill").
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Goodwill Payment. Buyer shall purchase the goodwill relating to the Companies' business by delivering the following amounts to JHT (the "Goodwill Payment"): 1.3.1 At Closing, $482,280 shall be delivered; 1.3.2 On February 1, May 1, August 1, and November 1 of 1999, $60,285 shall be delivered; and 1.3.3 On February 1, May 1, August 1, and November 1, of 2000, $60,285, minus the "Adjustment Amount," if applicable, shall be delivered. The Adjustment Amount is $31,408 and shall apply only if revenue generated from Buyer's service to ▇▇▇▇▇▇▇ is less than $3,120,000 for the period from Closing to the first anniversary of Closing.
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Goodwill Payment. In consideration for the rights to the trade name, customer relationships and goodwill, Purchaser shall pay Seller the sum of $500,000, payable $200,000 at the Closing, and the balance of $300,000 in fifteen $20,000 monthly installments, commencing August 1, 2001 in accordance with the promissory note attached as Schedule 12 hereto.
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Goodwill Payment. Goodwill payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of a provider to a complainant as an expression of goodwill aimed at resolving a complaint, where the provider does not accept liability for any financial loss to the complainant as a result of the matter complained about.
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Goodwill Payment. Section 1.3 of the Asset Purchase Agreement among the parties is deleted in its entirety and replaced with new Section 1.3, which shall read as follows:
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Goodwill Payment. Buyer shall purchase the goodwill relating to the Companies' business by delivering the following amounts to the Company designated by the Shareholders (the "Goodwill Payment"): 1.3.1 At Closing, $1,082,280 shall be delivered; 1.3.2 On February 1 and May 1, 1999, $35,285, shall be delivered; 1.3.3 On August 1 and November 1, 1999, $60,285 shall be delivered; and 1.3.4 On February 1, May 1, August 1, and November 1 of 2000, $60,285, minus the "Adjustment Amount," if applicable, shall be delivered. The Adjustment Amount is $31,408 and shall apply only if revenue generated from Buyer's service to ▇▇▇▇▇▇▇ is less than $3,120,000 for the period from Closing to the first anniversary of Closing."
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Related to Goodwill Payment

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Interim Payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.

  • Interim payment At the end of each of the periods indicated in Annex I the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions: ➢ an interim technical report in accordance with the instructions laid down in ▇▇▇▇▇ ▇; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement. 1. All data relevant to the determination of the Annual Payment and allocations to Settling States and their Participating Subdivisions listed on Exhibit G shall be submitted to the Settlement Fund Administrator no later than sixty (60) calendar days prior to the Payment Date for each Annual Payment. The Settlement Fund Administrator shall then determine the Annual Payment, the amount to be paid to each Settling State and its Participating Subdivisions included on Exhibit G, and the amount of any Settlement Fund Administrator costs and fees, all consistent with the provisions in Exhibit L, by: a. determining, for each Settling State, the amount of base and incentive payments to which the State is entitled by applying the criteria under Section IV.D, Section IV.

  • Billing & Payment 6.2.1 The Generator shall raise a monthly energy ▇▇▇▇ based on the joint meter reading taken by the Generator and the MSEDCL at the end of each month along with the monthly fuel usage certificate certified by the Chartered Account, in the forms annexed as Annexures (A to E). 6.2.2 The due date for the payment of ▇▇▇▇ by the MSEDCL shall be thirty (30) days from the date of receipt of the ▇▇▇▇ in Circle Office.