Payment on Effective Date Sample Clauses

Payment on Effective Date. Upon execution of this Agreement, Gelesis, LLC shall initiate the payment to Academica of a non-refundable one-off signing fee of Sixty Thousand Euro (EUR 60,000) by wire transfer in immediately available funds to a bank account indicated to Gelesis, LLC by One Italy in writing.
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Payment on Effective Date. Subject to the terms and conditions contained in a subscription agreement to be entered into prior to the Effective Date between SkyTerra and Inmarsat, a form of which is set forth in Exhibit B1 (the “Subscription Agreement”), the Parties acknowledge and agree that on the Effective Date (or such later date as the Parties shall agree the Fair Market Value, or it shall be determined in accordance with Section 4.6) (the “First Issue Date”), SkyTerra will issue to Inmarsat, and Inmarsat will accept, a number of shares (the “Effective Date Shares”) of SkyTerra’s common stock, par value $0.01 per share (“SkyTerra Common Stock”), having an aggregate value of $31,250,000 based on the Fair Market Value of such stock as of the Effective Date (the “Effective Date Value”), such Fair Market Value being determined in accordance with Section 4.6 below, provided that with the agreement of Inmarsat, the MSV Parties may instead satisfy all or any part of such obligation by the payment of up to $31,250,000 in cash to Inmarsat. Notwithstanding the foregoing, in the event that the rules of any stock exchange or automatic quotation system on which SkyTerra Common Stock is then listed, traded or quoted specifically requires shareholder approval prior to the issuance of the Effective Date Shares, then SkyTerra shall (1) issue on the First Issue Date the maximum number of Effective Date Shares that can be issued without such shareholder approval, and (2) use its commercial best efforts to obtain all required shareholder approvals for the issue of the balance of the Effective Date Shares ( the “Effective Date Balance Shares”) as soon as reasonably practicable thereafter, and in the event that such shareholder approvals are forthcoming within ninety days following the First Issue Date, (3) issue the Effective Date Balance Shares promptly after the receipt of such shareholder approval and (4) in its absolute discretion elect instead of seeking the above shareholder approvals to pay Inmarsat (and shall, in the event that such shareholder approvals are not forthcoming after ninety days following the First Issue Date, pay Inmarsat) an amount in cash equal to the deemed value of the Effective Date Balance Shares (deeming the Effective Date Balance Shares to be valued on a per share value equal to the Effective Date Value). The Effective Date Shares shall be subject to a lockup arrangement which shall prohibit any sale, transfer, pledge or other conveyance of the Effective Date Shares for...
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Payment on Effective Date. In consideration for Landlord’s execution of this Agreement, Tenant hereby agrees to pay to Landlord on the Effective Date the amount of $37,445.00, which constitutes payment of Monthly Minimum Rent for the months of August 2009 ($13,722.50) and September 2009 ($13,722.50) and a fee of $10,000.
Sample 1
Payment on Effective Date. On the day following the Effective Date, the Company shall pay the Executive $3,657,223, less all applicable withholding taxes. Such payment shall satisfy in full the Company’s obligation to make a payment of $3,657,223 on March 31, 2008 to the Executive under the Hawker Beechcraft Corporation Retention Program adopted by the Company as of the Effective Date in respect of the “SERP Benefit.”
Sample 1
Payment on Effective Date. Subject to clause 4.2.5 (Dispute), any costs towards which any Grant Payment made on the Effective Date was applied, which are later determined under clause 4.2.3 (Notification of Pre-Approved Expenditure) not to constitute Pre-Approved Expenditure shall be repaid to the BBC in accordance with clause 9.1.4 (Recovery of Grant: Non-Capital Expenditure).
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Related to Payment on Effective Date

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • Payment on Termination If an employee is terminated after the end of a year of employment, the employee is deemed to have been given any untaken leave from the date of termination and shall be paid for that leave accordingly. The employee shall also be paid for any public holidays falling within the period of leave in addition to payment for the leave. If an employee is terminated before the end of a full year of employment, the employee shall be paid pro-rata annual leave based on the period of service.

  • Revocation/Effective Date This Agreement shall not become effective or enforceable until the eighth day after Employee signs this Agreement. In other words, Employee may revoke Employee’s acceptance of this Agreement within seven (7) days after the date Employee signs it. Employee’s revocation must be in writing and received by ______________, the Company’s ______________ Officer, 0000 Xxxxxx Xxxx, Xxxxx 000, Xxx Xxxxx, XX 00000 by 5:00 p.m. Central Time on the seventh day in order to be effective. If Employee does not revoke acceptance within the seven (7) day period, Employee’s acceptance of this Agreement shall become binding and enforceable on the eighth day (“Effective Date”). The Severance Package shall become due and payable in accordance with Section 2 above after the Effective Date.

  • The Effective Date The Merger shall become effective on the date and at the time (the “Effective Date”) that:

  • Payment on Maturity Date Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Mortgage and the other Loan Documents.

  • Payment on non-Business Day If any payment by the Borrower under a Finance Document would otherwise fall due on a day which is not a Business Day:

  • Payment on Non-Banking Days Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may be.

  • Payment on Settlement Date On contractual settlement date, the account of the Fund will be charged for all purchased Investments settling on that day, regardless of whether or not delivery is made. Likewise, on contractual settlement date, proceeds from the sale of Investments settling that day will be credited to the account of Fund, irrespective of delivery. Exceptions to contractual settlement on purchases and sales, that will continue to settle delivery versus payment, include real estate, venture capital, international trades, open-ended mutual funds, non standard depository settlements and in-kind trades.

  • Payment on Non-Business Days Whenever any payment to be made shall be due on a day which is not a Business Day, such payment may be due on the next succeeding Business Day.

  • Restatement Effective Date The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

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