INITIAL INSTALLMENT Sample Clauses
The Initial Installment clause defines the requirement for an upfront payment at the start of a contract or agreement. Typically, this clause specifies the amount, timing, and method of payment for the first portion of the total price, which may be due upon signing or before services commence. By establishing clear terms for the initial payment, this clause ensures both parties are committed to the agreement and provides the service provider or seller with immediate funds, reducing the risk of non-payment and facilitating the commencement of work or delivery.
INITIAL INSTALLMENT. Simultaneously with the execution of this Lease, Tenant has paid to Landlord, and Landlord hereby acknowledges the receipt of, the Initial Installment. Such sum shall be applied by Landlord to the first monthly installment(s) of Base Rental as they become due hereunder. In the event Tenant fails to take possession of the Premises in accordance with all the terms hereof, such sum shall be retained by Landlord for application in reduction, but not in satisfaction, of damages suffered by Landlord as a result of such breach by Tenant.
INITIAL INSTALLMENT. In the event the Company elects to pay for Option Shares hereunder on an installment basis, all annual installments shall be equal in principal amount except as follows:
(A) The initial installment for any such sale of Option Shares, other than a sale occurring by reason of Ken's death, Dismissal For Cause or breach of any of the provisions of Section 2.2 or Section 2.3, shall be not less than the amount, if any, of Ken's additional income tax liability (federal, state and local) actually occasioned as a result of such sale, provided that such amount shall have been certified to the Company in writing by Ken's tax accountant.
(B) The initial installment for the first sale of shares of Class A Stock that Ken ▇▇▇es under this Agreement or the Stockholders' Agreement, other than a sale occurring by reason of Ken's death, Dismissal For Cause or breach of any of the provisions of Section 2.2 or Section 2.3, shall be at least (1) the amount due under clause (A) above plus the amount of one million dollars ($1,000,000) or (2) if less, the total purchase price for such Option Shares.
(C) The initial installment for any sale of Option Shares occurring by reason of Ken's death shall be not less than the amount of the estate and succession tax liability (federal and state) occasioned as a result of the inclusion of the Option Shares in Ken's estate (giving effect to any deferral permitted by law or regulation in the payment 29 34 thereof) together with any and all costs and expenses of administration of Ken's estate as reasonably estimated by Ken's representative, all as certified to the Company in writing by Ken's representative.
INITIAL INSTALLMENT. The initial installment of the Fee shall be paid on the Closing Date and the number of shares to be delivered to the Investor shall be equal to the quotient of $93,750 divided by the Closing Bid Price on the Closing Date.
INITIAL INSTALLMENT. Subsequent to Closing, Buyer shall pay to Seller an initial installment of the Purchase Price in the amount of One Hundred Thousand Dollars ($100,000). To facilitate Buyer's payment of such initial installment, (a) at the Closing, Seller shall deliver to Buyer a schedule of creditors, to be attached to this Agreement as Exhibit "C", identifying each creditor and setting forth the amount of and basis for each payment to be made by Seller and (b) subsequent to the Closing, Seller shall, in good faith, proceed to pay such creditors. Seller agrees that for the first 60 days after Closing, the funds provided in this section shall be used solely for the purpose of payment to Seller's creditors. Any balance remaining thereafter may be disbursed at the discretion of Seller.
INITIAL INSTALLMENT. In the event the Company elects to pay for Restricted Shares hereunder on an installment basis, all annual installments shall be equal in principal amount except as follows:
(A) The initial installment for any such sale of Restricted Shares, other than a sale occurring by reason of Michael's death, Dismissal For Cause or breach of any of the provisions of Section 1.2 or Section 1.3, shall be not less than the amount, if any, of Michael's additional income tax liability (federal, state and local) actually occasioned as a result of such sale, provided that such amount shall have been certified to the Company in writing by Michael's tax accountant.
(B) The initial installment for the first sale of shares of Class A Stock that Mich▇▇▇ ▇▇▇es under this Agreement or the Option Agreement, other than a
INITIAL INSTALLMENT. At the Initial Closing (defined below), the Company shall deliver or cause to be delivered to the Investors 20,000,000 shares of Common Stock, and the Investors shall deliver or cause to be delivered to the Company by wire transfer to an account designated in writing by the Company prior to the Initial Closing US$5,000,000. The closing on this initial sale and purchase (the “Initial Closing”) shall take place at the offices of ▇▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ (i) at 1:00 p.m. local time on July 10, 2009, or (ii) at such other time and place or on such date as the Investors and the Company may agree upon (the “Initial Closing Date”).
INITIAL INSTALLMENT. In the event the Company elects to pay for Restricted Shares hereunder on an installment basis, all annual installments shall be equal in principal amount except as follows:
(A) The initial installment for any such sale of Restricted Shares, other than a sale occurring by reason of Dan's death, Dismissal For Cause or breach of any of the provisions of Section 1.2 or Section 1.3, shall be not less than the amount, if any, of Dan's additional income tax liability (federal, state and local) actually occasioned as a result of such sale, provided that such amount shall have been certified to the Company in writing by Dan's tax accountant.
(B) The initial installment for the first sale of shares of Class A Stock that Dan ▇▇▇es under this Agreement or the Option Agreement, other than a sale
(C) The initial installment for any sale of Restricted Shares occurring by reason of Dan's death shall be not less than the amount of the estate and succession tax liability (federal and state) occasioned as a result of the inclusion of the Restricted Shares in Dan's estate (giving effect to any deferral permitted by law or regulation in the payment thereof) together with any and all costs and expenses of administration of Dan's estate as reasonably estimated by Dan's representative, all as certified to the Company in writing by Dan's representative.
INITIAL INSTALLMENT. In the event the Company elects to pay for Option Shares hereunder on an installment basis, all annual installments shall be equal in principal amount except as follows:
(A) The initial installment for any such sale of Option Shares, other than a sale occurring by reason of Dan's death, Dismissal For Cause or breach of any of the provisions of Section 2.2 or Section 2.3, shall be not less than the amount, if any, of Dan's additional income tax liability (federal, state and local) actually occasioned as a result of such sale, provided that such amount shall have been certified to the Company in writing by Dan's tax accountant.
(B) The initial installment for the first sale of shares of Class A Stock that Dan ▇▇▇es under this Agreement or the Stockholders' Agreement, other than a sale occurring by
INITIAL INSTALLMENT. Within 10 business days upon the satisfaction of the conditions precedent for the payment of the initial installment under the Equity Transfer Agreement, the Purchaser shall pay to the Vendor Supervision Account an amount equivalent to RMB261.0828 million; and