Payments & Advances. The Total Deposit shall be used only by HOKU for polysilicon facilities construction, operation, administration, and other expenses and investments related to HOKU’s polysilicon business.
Payments & Advances. 5.1. HOKU acknowledges that as of the date of this Agreement, SOLARFUN has provided HOKU with a deposit of Eleven Million U.S. Dollars (US$11,000,000) via wire transfer of immediately available funds (the “First Deposit”) as advance payment for Products to be delivered under this Agreement.
Payments & Advances. 5.1. HOKU acknowledges receipt from TIANWEI of the prepayment of Ten Million U.S. Dollars (US$10,000,000) via wire transfer of immediately available funds (the “Initial Deposit”).
Payments & Advances. 5.1. HOKU acknowledges receipt from TIANWEI of the prepayment of Fifteen Million U.S. Dollars (US$15,000,000) via wire transfer of immediately available funds (the “Initial Deposit”). TIANWEI Initials & Date ___________________________ HOKU Initials & Date ___________________________ Exhibit 10.110
Payments & Advances. 5.1. Within fifteen (15) days after the Effective Date, TIANWEI shall provide HOKU with a prepayment of Ten Million U.S. Dollars (US$10,000,000) via wire transfer of immediately available funds (the “Initial Deposit”).
Payments & Advances. Section 2.1 The Loan Section 2.2 Disbursements Section 2.3 Loan Repayment; Exit Fee Section 2.4 Prepayment Section 2.5 Making of Payments Section 2.6 Late Payment Charge Section 2.7 Release on Payment in Full Section 2.8 Construction Escrow Account Section 2.9 Affiliate Payments
Payments & Advances. 5.1. Within fifteen (15) days after the Effective Date, CUSTOMER shall provide HOKU with a payment of Twenty Two Million U.S. Dollars (US$22,000,000) as an advance payment for Products to be delivered under this Agreement, via wire transfer of immediately available funds (the “Initial Deposit”); provided, however, that in the event applicable law or the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited shall require the approval of this Agreement at an Extraordinary General Meeting of CUSTOMER’s shareholders, then CUSTOMER may delay such payment of the Initial Deposit for up to an additional 60 calendar days. If such approval is not obtained, and if HOKU exercises its right to terminate this Agreement pursuant to Section 0, then CUSTOMER shall be obligated to pay HOKU a break-up fee equal to [*].
Payments & Advances. During the applicable Contract Period, HSWI shall pay World Book non-refundable advances towards the Royalties in the amounts set forth below ( “Payments/Advances”): Due Date Amount [*] $[*] [*] [*] $[*] [*] $[*] [*] $[*] [*] $[*] [*] [*] $[*] [*] $[*] [*] $[*] TOTAL $[*] World Book will submit invoices to HSWI for the Payments/Advances at least [*] ([*]) days prior to the due date of such Payment/Advance, with the exception of the first payment which shall be due [*]. No Royalty payments will be due until the amount of the Royalties exceed the amount of the Payments/Advances described above for the development and delivery of the Affinities and Content licensed hereunder, and then Royalties will only be owed for any Royalties in excess of the amount of the Payments/Advances, as further detailed in the following Sub-Section. If, subsequent to the Effective Date and prior to the end of 2009, HowStuffWorks, Inc. enters into one or more new agreements or modifies an existing agreement with World Book to license content with guaranteed payment obligations in such new agreement or in such modification totaling at least [*] dollars ($[*]) in additional fees, then each of HSWI’s [*], and [*], [*] shall be reduced from $[*] to $[*]. Nothing paid in Contract Period 1 pursuant to the [*], as amended shall be used to calculate guaranteed payment obligations hereunder. [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.
Payments & Advances. Prior to the Conversion Date, the Borrowers may from time to time make prepayments of principal without premium or penalty, provided that on or after April 1, 1999, interest on the amount prepaid, accrued to the prepayment date, shall be paid on such prepayment date shall accompany such prepayment. The Borrowers may not reborrow any amounts paid or prepaid on the Revolving Credit Note on or after March 31, 1999. All payments and prepayments shall be made in lawful money of the United States of America. All outstanding principal of and unpaid accrued interest on the Revolving Credit Note not previously paid hereunder shall be due and payable at final maturity on March 31, 2004, unless such final maturity shall be extended by the Bank in writing or accelerated pursuant to the terms hereof. After maturity (whether by acceleration or otherwise) the Revolving Credit Note shall bear interest at the Default Rate, payable on demand. Interest shall be calculated on the basis of a year of 365 days but assessed for the actual number of days elapsed in each accrual period. The $20,000,000 Revolving Credit Note shall constitute a replacement, extension and modification of the $12,000,000 Revolving Credit Note annexed as Exhibit A to the December 16, 1996 Third Modification to the Third Amendment and that certain interim supplemental note from ECS dated April 1, 1997 in the original principal amount of $500,000 (the "Interim Note"), which such prior $12,000,000 Revolving Credit Note had an outstanding principal balance of $8,800,000.00 as of the Closing Date and the Interim Note had an outstanding principal balance of $430,307.00 as of April 15, 1997. Notwithstanding the original stated principal amount of the Revolving Credit Note, in no event shall the outstanding and unpaid principal amount advanced thereon exceed $13,897,000 until May 31, 1997 (the "Initial Redetermined Borrowing Base") without the express prior written consent of the Bank.
Payments & Advances. 3.1. SUPPLIER shall invoice HOKU, once per month, for all of the Guaranteed Weekly Quantities of Product delivered to HOKU during that month. Taxes, customs and duties, if any, will be identified as separate items on SUPPLIER invoices. All invoices shall be sent to HOKU’s notice address provided in this Agreement. Payment terms for all invoiced amounts shall be [*] from the date of invoice. All payments shall be made in U.S. Dollars via wire transfer. If payments are not received within [*], SUPPLIER will notify Hoku. Should payment not be received within [*] after notification, SUPPLIER will have the right to suspend shipments.
