Payment and Termination. Unless otherwise stated in writing by the Seller, the price for the Product is payable *** and payment is due to Seller within *** of the date of invoice. Any amounts not paid when due will have interest from the date due until paid at an annual rate equal to ***% *** in effect at *** on the date such payment was due. Seller reserves the right, among other remedies, either to *** or to *** under it in the event Buyer *** for *** after notice of such *** and failure to cure within *** of receipt of such notice. Should *** become unsatisfactory to ***, *** or *** satisfactory to *** may be required by *** for *** and for ***.
Payment and Termination of this Agreement All monies paid shall be retained by WCBA and are non- refundable and non-transferable in the event Exhibitor fails to fulfill or violates contract or reduces the size of its exhibit or withdraws from the Show. If Exhibitor cancels or fails to submit space payments within 14 days of reservation, WCBA shall have the right to take possession of said space and lease it to another party.
Payment and Termination. 2.1 The Customer shall pay the charges for the services set out when signing up for the services on the order form.
Payment and Termination. 10.1 If the Buyer fails to make payment for the Goods in accordance with this contract of sale or commits any other breach of this contract of sale or if any distress or execution shall be levied upon any of the Buyer’s goods or if the Buyer offers to make any arrangement with its creditors or if any bankruptcy petition is presented against the Buyer or the Buyer is unable to pay its debts as they fall due or if being a limited company any resolution or petition to wind up the Buyer (other than for the purpose of amalgamation or reconstruction without insolvency) shall be passed or presented or if a receiver, administrator, administrative receiver or manager shall be appointed over the whole or any part of the Buyer’s business or assets or if the Buyer shall suffer any analogous proceedings under foreign law all sums outstanding in respect of the Goods shall become payable immediately. The Seller may in its absolute discretion and without prejudice to any other rights which it may have:
Payment and Termination. Payment pursuant to paragraph 2 above shall be made on or as soon as administratively feasible following the Pricing Date and if not made prior to the Effective Time, shall be a continuing liability of the successor of WLRP. In no event shall payment be made later than thirty (30) days following the Pricing Date; provided, however, that if the Effective Time does not occur within five (5) business days after the Pricing Date, or if the Effective Time has not occurred on or before May 31, 2006, all provisions of this Agreement, except for Paragraph 1, shall automatically terminate, after which time all of the Participant’s rights as set forth in the Award and the EAR Plan shall continue in full force and effect with such obligation being the responsibility of WRLP.
Payment and Termination. If the Effective Time has not occurred on or before May 31, 2006, the additional payments set forth in paragraph 2 above shall not be made, and all provisions of this Agreement, the Award and the EAR Plan, except for Paragraph 1, shall automatically terminate; provided, however, that in such an event, WRLP and WNR shall enter into a new deferred compensation arrangement with the Participant, which arrangement shall be compliant with Section 409A of the Internal Revenue Code of 1986, as amended, and shall provide Participant with approximately the same amount of compensation that Participant would have received pursuant to the EAR Plan and the Award, less the amount Participant receives pursuant to Paragraph 1.
Payment and Termination. The Seller shall have repaid to Nexway AG, or its designee, the sum of $619,350, pursuant to the Payment and Termination Agreement as attached hereto as Exhibit I (the “Payment and Termination Agreement”), as repayment of the loan that Nexway AG previously provided to the Seller, and such loan shall have been terminated pursuant to such Payment and Termination Agreement and such Payment and Termination Agreement shall have been executed by each party thereto and provided to the Parties.
Payment and Termination. Unless otherwise terminated in accordance with this Section 6, this support program shall remain in full force and effect for an initial term of one (1) year from delivery of software. Support shall thereafter automatically renew on an annual basis at the agreed upon, then-current fees, unless either party notifies the other sixty (60) days prior to the expiration of the term of its intent not to renew support. Support fees shall be prepaid annually net 30 days prior to expiration. Should support expire or terminate, Client may reinstate support coverage upon mutual agreement of the parties. Support fees to be charged to Client for support reinstatement shall be equal to one and one half (1.5) the cumulative standard support fees applicable for the period during which support lapsed plus the support fees for the current period. Either party may terminate support upon occurrence of a material breach by the other party of its obligations hereunder if the breach is not cured within thirty (30) days of written notice by the non-breaching party. Client may terminate support at any time without cause upon ninety (90) days prior written notice to Rocket Software, but no maintenance fee refunds will be provided. Support shall automatically terminate upon termination of the Client’s or End User’s right to use the Software pursuant to the original Software License Agreement.
Payment and Termination. (a) AOL shall pay to TS the amount of $20,000,000, which payment shall be made following AOL's receipt of all of the Fixed Payments described below, by cancellation of an 8% secured convertible promissory note in the principal amount of $20,000,000 issued to AOL as of the date hereof by Holdings pursuant to the Restructuring and Note Agreement, dated as of the date hereof, between Holdings and AOL.
Payment and Termination. In full and final settlement of all of its obligations to DEBONAIR under the Agreement, IFT agrees to pay immediately to DEBONAIR the sum of $81,274.63 sterling. Upon receipt by DEBONAIR of such payment, all rights, liabilities and obligations of the parties under the Agreement are hereby terminated and the Agreement shall be of no force or effect. DEBONAIR understands and acknowledges that it will be responsible for removing the IFEN-2 from the aircraft on which it was installed and returning to IFT at IFT's cost. Shipping arrangements must be pre-approved by IFT and completed by DEBONAIR in a commercially reasonable time frame. However, DEBONAIR shall have no liability whatsoever (including, without limitation, liability for loss of use, loss of revenue or loss of profit) for any damage to any IFEN-2 sustained during such removal or otherwise, except for that arising from gross negligence or willful misconduct of DEBONAIR.
