Payment Advances Sample Clauses

Payment Advances. 17.5.1 Where payment advances are to be made by the Owner to the Contractor in respect of the Work, the conditions of payment and repayment, if applicable, shall be as set out in Paragraph 18.11 and it shall be stated therein whether the payment is to be made to the Contractor upon proof of expenditure.
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Payment Advances. 18.12.1 Payment advances (Paragraph 17.5) and conditions of payment & repayment (including any required proof of Contractor s expenditure) shall be as follows:
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Payment Advances. (a) Generally, advances are not allowed. However, if extenuating circumstances exist, the OHMVR Division may consider granting an advance. To request an advance, the Grantee shall submit to the OHMVR Division an Advance Justification Request (New 1/19) and Payment Request DPR 364 (new 2019) (refer to Appendix, incorporated by reference) to explain the need for the advance. The OHMVR Division will provide written notification to the Grantee of approval/disapproval for the advance. Requests for an advance typically may not be more than half the total amount of the Grant and shall include a summary list of proposed Project expenditures. The sum of the proposed Project expenditures shall match the amount indicated on the Payment Request form.
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Payment Advances. Innolog shall pay to uKarma an amount equal to $525,000 (“Cash Payment”). The parties acknowledge that $475,000 of the Cash Payment has already been paid to uKarma as a non-refundable deposit; all of which has been paid to uKarma by GCC prior to the date of this Agreement. The remaining $50,000 of the Cash Payment shall be due and payable from Innolog to uKarma’s subsidiary Amazing Living, Inc. (“ALI”) upon the Closing pursuant to the Escrow Agreement (of which ALI will immediately transfer $25,000 to Xxxxxxxxxx & Xxxxx LLP). Innolog shall also pay Xxxxxxxxxx & Xxxxx LLP $25,000 through an escrow amounts pursuant to the Escrow Agreement. An extra $12,500 has been advanced by Innolog to uKarma prior to execution of this Agreement to pay accounting and other associated charges for the Company’s Form 10-Q for the quarter ended June 30, 2010. If Xxxxxxx and Associates, LLP bills uKarma for an additional $11,500 in order to add financial projections of Innolog into uKarma’s 10-Q, then such amount would also be immediately due and payable to uKarma. In addition, legal expenses related to the Company’s 10-Q shall be paid directly to Xxxxxxxxxx & Xxxxx by Innolog. If the Closing has not occurred by August 15, 2010, Innolog and uKarma may negotiate (at each party’s sole discretion) to extend the date of the Closing but only if Innolog and uKarma also negotiate payment of additional interim advances prior to the Closing. At Closing, the remaining portion of the Cash Payment, will be delivered via wire transfer by Innolog to uKarma to a wire account designated in writing by uKarma’s Chief Executive Officer. After the Closing, Innolog shall pay for the other out-of-pocket costs associated with Company’s Form 10-Q, including without limitation, legal costs.
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Payment Advances. Publisher will pay no advance to the Author, but instead will contribute to the joint venture in terms of work and the costs of book production, exclusive of any add-on costs incurred by the Author’s choice of outside cover artists, private editors, etc. Royalties
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Payment Advances. GCC shall pay to uKarma an amount equal to $275,000 (“Cash Payment”). The parties acknowledge that $75,000 of the Cash Payment has already been paid to uKarma as a non-refundable deposit. $25,000 of the Cash Payment shall be due and payable from GCC to uKarma upon the date of the execution of this Agreement as a second non-refundable deposit toward the Cash Payment. An extra $11,000 shall be due and payable on the date of this Agreement as an advance to pay accounting charges for the Company’s Form 10-Q. GCC shall pay uKarma an additional $25,000 of the Cash Payment on or before October 22, 2009 and an additional $25,000 on or before October 29, 2009. If the Closing has not occurred by November 5, 2009, GCC and uKarma shall negotiate payment of additional interim advances prior to the Closing. . At Closing, The remaining portion of the Cash Payment, if any, will be delivered via wire transfer by GCC to uKarma to a wire account designated in writing by uKarma’s Chief Executive Officer. After the Closing, GCC shall pay for the other out-of-pocket costs associated with Company’s Form 10-Q, including without limitation, legal costs of underwriter cost
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Payment Advances. 5.1 Licensee shall pay to Licensor the Advances as by wire remittance to the bank account of licensor as described in Schedule 4. In a timely manner prior to any such payment, Licensor shall deliver to Licensee an appropriate invoice.
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Payment Advances. GCC shall pay to uKarma an amount equal to $475,000 (“Cash Payment”) which shall be due on or prior to Closing. The parties acknowledge that $175,000 of the Cash Payment has already been paid to uKarma as a non-refundable deposit. $100,000 of the Cash Payment shall be due and payable from GCC to uKarma on or before December 31, 2009. GCC shall pay uKarma an additional $100,000 of the Cash Payment on or before January 30, 2010 and an additional $100,000 on or before the later of (i) March 31, 2010 or (ii) the date that uKarma files its Form 10-K for the fiscal year ended December 31, 2009. GCC shall also pay uKarma for all reasonable costs associated with uKarma’s Form 10-K filing for the year ended December 31, 2009, including all legal, accounting, transfer agent, and XXXXX filing agent costs. All payments of the Cash Payment shall be delivered via wire transfer by GCC to uKarma to a wire account designated in writing by uKarma’s Chief Executive Officer.
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Payment Advances 
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Related to Payment Advances

  • Subsequent Advances The obligation of FINOVA to make any advance shall be subject to the further conditions precedent that, on and as of the date of such advance: (a) the representations and warranties of Borrower set forth in this Agreement shall be accurate, before and after giving effect to such advance or issuance and to the application of any proceeds thereof; (b) no Event of Default and no event which, with notice or passage of time or both, would constitute an Event of Default has occurred and is continuing, or would result from such advance or issuance or from the application of any proceeds thereof; (c) no material adverse change has occurred in the Borrower's business, operations, financial condition, in the condition of the Collateral, or other assets of Borrower or in the prospect of repayment of the Obligations; and (d) FINOVA shall have received such other approvals, opinions or documents as FINOVA shall reasonably request.

  • Equipment Advances Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% above the Prime Rate.

  • Agent Advances (i) Subject to the limitations set forth below and notwithstanding anything else in this Agreement to the contrary, the Administrative Agent is authorized by the Borrowers and the Lenders, from time to time in the Administrative Agent’s sole discretion, (A) at any time that a Default exists, (B) at any time that any of the other conditions precedent set forth in Article 4 have not been satisfied, or (C) at any time an Overadvance exists or would result from any Agent Advance (as defined below), to make Base Rate Advances to the Borrowers on behalf of the Lenders in an aggregate amount outstanding at any time not to exceed (together with all other Aggregate Revolving Credit Obligations) the lesser of (y) the Revolving Loan Commitment or (z) $5,000,000, which the Administrative Agent, in its reasonable business judgment, deems necessary or desirable (1) to preserve or protect the Collateral, or any portion thereof, (2) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (3) to pay any other amount chargeable to the Borrowers pursuant to the terms of this Agreement, including costs, fees and expenses as provided under this Agreement (any of such advances are herein referred to as “Agent Advances”); provided, that (i) such amount shall not be outstanding more than 30 days and (ii) the Majority Lenders may at any time revoke the Administrative Agent’s authorization to make Agent Advances. Any such revocation must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt thereof. The Administrative Agent shall promptly provide to the Administrative Borrower written notice of any Agent Advance.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

  • Repayment of Participation Advances 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for the account of the Issuing Lender of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Issuing Lender under such a Letter of Credit, the Administrative Agent on behalf of the Issuing Lender will pay to each Lender, in the same funds as those received by the Administrative Agent, the amount of such Lender’s Ratable Share of such funds, except the Administrative Agent shall retain for the account of the Issuing Lender the amount of the Ratable Share of such funds of any Lender that did not make a Participation Advance in respect of such payment by the Issuing Lender.

  • Additional Advances The Parties hereby agree that during the period from May 1, 2011 through July 31, 2011, the Payee has made additional advances to the Maker, in the aggregate amount of $15,940, in payment of the Maker’s operating expenses during that period, so that effective as of July 31, 2011, the total outstanding principal amount due and payable pursuant to the Note is $226,973.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

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