National Public Education Fund Payments Sample Clauses

National Public Education Fund Payments. (1) Each Original Participating Manufacturer shall severally pay its Relative Market Share of the following base amounts on the following dates to the Escrow Agent for the benefit of the Foundation's National Public Education Fund to be used for the purposes and as described in subsections VI(f)(1), VI(g) and VI(h) below: $250,000,000 on March 31, 1999; $300,000,000 on March 31, 2000; $300,000,000 on March 31, 2001; $300,000,000 on March 31, 2002; and $300,000,000 on March 31, 2003, as such amounts are modified in accordance with this subsection (c). The payment due on March 31, 1999 pursuant to this subsection (c)(1) is to be credited to the Subsection VI(c) Account (First). The payments due on or after March 31, 2000 pursuant to this subsection VI(c)(1) are to be credited to the Subsection VI(c) Account (Subsequent).
AutoNDA by SimpleDocs
National Public Education Fund Payments. (1) Each Original Participating Manufacturer shall severally pay its Relative Market Share of the following base amounts on the following dates to the Escrow Agent for the benefit of the Foundation's National Public Education Fund to be used for the purposes and as described in subsections VI(f)(l), VI(g) and VI(h) below: $250,000,000 on March 31 , 1 999; $300,000,000 on March 31 , 2000; $300,000,000 on March 31 , 200 1; $300,000,000 on March 31 , 2002; and $300,000,000 on March 31 , 2003, as such amounts are modified in accordance with this subsection (c). The payment due on March 31 , 1 999 pursuant to this subsection (c)( 1) is to be credited to the Subsection VI(c) Account (First). The payments due on or after March 31 , 2000 pursuant to this subsection VI(c)(1) are to be credited to the Subsection VI(c) Account (Subsequent).

Related to National Public Education Fund Payments

  • Satisfaction of Sinking Fund Payments with Securities The Company (i) may deliver Outstanding Securities of a series and (ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

  • Redemption of Securities and Sinking Fund Provisions SECTION 3.01 Redemption............................................................................13 SECTION 3.02

Time is Money Join Law Insider Premium to draft better contracts faster.