Payment by Company. (1) In and as consideration for the State entering into this Agreement with the Company and for the grant of the Crown lease referred to in clause 9 and the issue of the Crown Grants referred to in clause 10, not later than 31 January in each year the Company shall pay to the State a sum equal to 0.5% of the total amount paid by the Company in implementing the Project (other than such of the Project as is on reserved land as referred to in clause 5 of Schedule 2) in the 12 months ended on 31 December immediately preceding that 31 January, until the Company has paid to the State under this provision 0.5% of the total cost of the Project (other than such of the Project as is on reserved land as referred to in clause 5 of Schedule 2).
Payment by Company. If the Bank has paid the Company for any Transaction and
Payment by Company. All Registration Expenses shall be borne as provided in this Agreement, except that the Company shall, in any event, pay its internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review and the expenses and fees for listing the securities to be registered on the Nasdaq National Market System.
Payment by Company. Subject to Section 7.2 below, the Company shall pay all reasonable legal fees and related expenses (including the costs of experts, counsel and tax advisors) incurred by the Executive as they become due as a result of or in connection with (i) the negotiation of this Agreement and the Executive’s compliance with Section 5 of this Agreement, (ii) the Executive’s termination of employment (including all such fees and expenses, if any, incurred in contesting or disputing any such termination of employment), (iii) the Executive seeking to obtain or enforce any right or benefit provided by this Agreement (including any such fees and expenses incurred in connection therewith) or by any other plan or arrangement maintained by the Company under which the Executive is or may be entitled to receive benefits, and (iv) the Executive’s hearing before the Board as contemplated in Section 2(d) of this Agreement, provided that the circumstances set forth in clauses (ii) and (iii) of this Section 7.1 (other than as a result of the Executive’s termination of employment under circumstances described in clauses (ii)(A), (ii)(B) and (ii)(C) of the last paragraph of Section 2(e) and the last paragraph of Section 2(g)) occurred on or after a Change in Control.
Payment by Company. The Company agrees to pay to the Trust Company, on or before the effective date of the termination of this Agreement:
Payment by Company. In the event that this Agreement is terminated:
Payment by Company. If the Executive is not entitled to the Severance Payment hereunder, the Company may elect to pay the Executive such Severance Payment at the times otherwise contemplated herein, and in such event the Executive will be bound by the covenants contained herein for so long as the Company makes such payments; provided that the Executive’s compliance with Section 7(b) is not conditioned on the Executive’s receipt of the Severance Payment. If the Company ceases to make any Severance Payments under this subsection (g), the Executive shall cease to be obligated to comply with the covenants contained in this Section 7 (other than Section 7(b)); provided that in all cases, Executive shall continue to be prohibited from directly or indirectly using or disclosing any trade secret of the Company.
Payment by Company. The Company shall pay all bills presented by the Operator as provided in this CO&M Agreement on or before the fifteenth (15th) Day after the xxxx is received. If payment is not made within such time, the unpaid balance shall bear interest until paid at a rate (which shall in no event be higher than the maximum rate permitted by applicable law) equal to two percent (2%) per annum over the prime rate of Citibank, N.A. (or its successor) from time to time publicly announced and in effect. Payment by or on behalf of the Company shall not be deemed a waiver of the right to recoup any amount in question.
Payment by Company. Company shall remit to Competitive Supplier the Accounts Receivable Purchase Price on a timetable consistent with the average payment period, pursuant to the Company’s Terms and Conditions, Sec. 8B. The Company shall send a monthly “payment/adjustment” spreadsheet to each Competitive Supplier to notify the Competitive Supplier the amount at which the Company will purchase the Competitive Supplier’s Accounts Receivable. The payment to Competitive Suppliers shall be made monthly consistent with the combined average payment period of the Company’s Customer Classes. The Company agrees to pay the Competitive Supplier the Accounts Receivable Purchase Price. The amount at which the Company will purchase the Competitive Supplier’s Accounts Receivable will be calculated in the manner set forth in Section 8B of the Terms and Conditions. At the time the Competitive Suppliers’ Accounts Receivables are purchased, the Company will reclassify the Accounts Receivables from Competitive Supplier’s Accounts Receivables to a Company Accounts Receivable. Payment to Competitive Supplier shall, at Company’s option, be either by (a) Automated Clearing House (“ACH”) or (b) Electronic Funds Transfer (“EFT”). Except for the number of days provided in this section, Company reserves the right to modify the payment procedure under this Article to accommodate any Company operational and/or system changes upon DPU approval and thirty (30) days’ prior written notice to Competitive Supplier.
Payment by Company. Company will pay Claimant the total sum of Thirty Thousand dollars ($30,000.00) (the “Settlement Payment”) as provided herein, which Settlement Payment shall be made to Claimant on the earlier of (i) 2 business days after the Closing of that certain Asset Purchase Agreement dated March 6, 2019 between the Company and Xxxxx.xxx, LLC and (ii) December 31, 2019 (the “Payment Date”) via check made out to “Xxxxxx Xxxxxxx”. The Parties acknowledge and agree they are solely responsible for paying any attorneys’ fees and costs they incurred and that neither Party nor its attorney(s) will seek any award of attorneys’ fees or costs from the other Party. Claimant acknowledges that, upon receipt of the Settlement Payment, Claimant will have been paid all wages, severance, all unreimbursed business expenses, and all accrued but unused vacation pay due and owing to Claimant as of the date of this Agreement, and Claimant waives any additional claims for unpaid salary or wage amounts, unreimbursed business expenses, and accrued but unused vacation pay.
