Pay Off Sample Clauses
Pay Off. In the event that circumstances associated with this position change or preclude such usage, faculty who retire, resign or transfer shall, at the time of such retirement, resignation, or transfer, be compensated3 for their annual leave as follows: • Depending on when the employee retires, resigns or transfers during the fiscal year (i.e., his/her length of service during the fiscal year), the employee will be paid his/her unused accumulated Annual Leave from the prior fiscal year which is carried forward to July 1, and a pro-rated amount of his/her unused Annual Leave hours for the current fiscal year maximum payout of 200 hours.
Pay Off. The following provisions establish the methods for application of sick leave benefits in conjunction with other benefits:
(a) In no case shall the combined effect of sick leave and/or other benefits be applied so that compensation exceeds the employee’s normal rate of pay.
(b) An employee who is collecting Worker’s Compensation temporary occupational disability benefits may draw sufficient sick leave benefits from
Pay Off. The Company will, upon the request of the Buyer, cooperate with the Buyer in arranging the pay-off or refinancing of any indebtedness of the Company set forth in Schedule 2.6(b) which the Buyer, in its business discretion, desires to pay off or refinance in connection with the consummation of the transactions contemplated hereby.
Pay Off. The Borrower agrees that, on the closing date of the IPO, subject to the closing of the IPO, the Borrower will pay to the Lender, via wire transfer of immediately available funds using the wire instructions set forth on Exhibit A hereto, the Pay-Off in amount of $10,000,000, which amount will reduce dollar for dollar the principal amount outstanding and owing to the Lender under the Convertible Debentures.
Pay Off. Agent shall have received a fully executed original of the Payoff Letter;
Pay Off. In the event that circumstances associated with this position change or preclude such usage, faculty who retire, resign or transfer shall, at the time 1 An employee on unpaid leave as of July 1 will – upon returning to payroll – receive a prorated Annual Leave Lump Sum Allotment. of such retirement, resignation, or transfer, be compensated3 for their annual leave as described in 27.§1.2.2.1.
Pay Off. The Parent shall have made arrangements in form and substance satisfactory to Lender to pay in full the Hercules Credit Facility on or prior to the Effective Date from the proceeds of the Loan (net of any original issue discount, fees and expenses), terminate the Hercules Credit Facility and ensure the prompt release of collateral thereunder.
Pay Off. As of the 31st Amendment Effective Date, all obligations under that certain ▇▇▇▇▇▇▇ and Restated Loan and Security Agreement, dated as of February 2, 2022, among the Par Borrower, Par Hawaii, Hermes, Wyoming Pipeline, the lenders party thereto from time to time and Bank of America, N.A., as administrative agent, have been paid off in full, repurchased and canceled or satisfied and discharged, in each case to the extent necessary to release the liens granted to secure such obligations.
Pay Off. The Company shall have received customary pay-off letters and commitments in form and substance reasonably acceptable to the Company which fully and unconditionally release and discharge the liens securing all Borrowed Indebtedness effective immediately upon the payment by Parent of all Borrowed Indebtedness to the appropriate accounts as set forth in the certificate contemplated in Section 9.3(e).
Pay Off. Receipt of a pay-off letter from Fifth Third Bank of Columbus in form and substance satisfactory to the Agent with respect to any indebtedness owing to such bank from Harr▇▇▇▇▇▇ Services Corporation or any Subsidiary thereof.