Payments to Xxxxxxx. 1.1 In full settlement of any and all claims by Xxxxxxx against the Company, the Company shall cause to be paid to Xxxxxxx the following:
Payments to Xxxxxxx. Subject to Xxxxxxx’x compliance with the terms and conditions of this Agreement, the Company has agreed to compensate Xxxxxxx as follows:
Payments to Xxxxxxx. Borrowers shall not directly or indirectly make any payment to or for the benefit of Xxxxxxx until the Additional Contingent Claims shall be finally determined and paid in full except for (i) payments made pursuant to and as permitted by the Xxxxxxx Subordination Agreement, (ii) payments made in respect of Xxxxxxx'x taxes, salary and as reimbursement for reasonable expenses, in each case, if and to the extent permitted under the Facility Agreements, and (iii) payments made to Affiliates that are required under the Cooperation Agreement or any other arm's-length agreement entered into with an Affiliate, provided that nothing contained herein shall be deemed to permit any such payment to or for the benefit of Xxxxxxx if such payment shall be otherwise prohibited or restricted under any other provision of this Agreement (including, without limitation, subsections 7.5 or 7.10) or any other agreement or document.
Payments to Xxxxxxx. (a) Kaiser shall continue to pay Xxxxxxx his base compensation at the current rate of $235,000 per annum through November 30, 2004.
Payments to Xxxxxxx. With respect to each Receivable transferred to Seller under the Receivables Sale Agreement, Seller has given reasonably equivalent value to Xxxxxxx in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by Xxxxxxx of any Receivable under the Receivables Sale Agreement is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§ 101 et seq.), as amended.
Payments to Xxxxxxx. During the Term of the Agreement, EES agrees to pay Xxxxxxx the following amounts within seven days of the occurrence of the contingencies set forth below:
Payments to Xxxxxxx x. Xxxxxxx shall receive a Guaranteed Bonus of Thirty Thousand Dollars for the calendar year ending December 31, 2000 to be paid on or before December 31, 2000. In addition, Company will pay Xxxxxxx a Guaranteed Bonus of Thirty Thousand Dollars for the calendar year ending December 31, 2001 to be paid on or before December 31, 2001 provided: (1) That Xxxxxxx`s employment is not terminated for cause by the Company prior to December 31, 2001; and (2) That Xxxxxxx does not resign his employment with the Company prior to December 31, 2001. These Guaranteed Bonuses are in lieu of any other claims to a Bonus that Xxxxxxx might otherwise assert under the Original Employment Agreement or under any other agreements between the parties hereto.
Payments to Xxxxxxx. In exchange for the services rendered by Xxxxxxx in connection with this Agreement, VR Holdings shall issue to Xxxxxxx, promptly after the Closing of this Agreement, (a) 10,008,343 shares of the VR Holdings Common Stock, (b) 10,045 shares of the VR Holdings Class A Convertible Preferred Stock, and ____ ____ ____ ____ ____ Initials Initials Initials Initials Initials
Payments to Xxxxxxx. Invoices for fees and other charges shall be prepared in accordance with XXXXXXX’ standard invoicing practices and shall be submitted to CLIENT not more frequently than monthly for all services rendered as the work progresses, and the net amount shall be due within 30 days at XXXXXXX’ offices in Chicago, Illinois, and CLIENT’s obligation to pay under this Agreement. Payments on invoices submitted by XXXXXXX for services performed shall not be delayed, postponed or otherwise withheld pending completion or success of construction, or receipt of funding from lending institutions, government grants or other sources. Invoices for payment shall not be offset by any claims for withholding or deductions by CLIENT unless XXXXXXX agrees or has been finally determined liable for such amounts. Invoices are due and payable within 30 days of receipt. If CLIENT fails to pay XXXXXXX’ invoice within 30 days after receipt, the amounts due XXXXXXX shall accrue interest at the rate of one and one-half percent (1.5%) per month (or the maximum rate of interest permitted by law, if less) after the 30 days. In the event any portion of the account remains unpaid 60 days after billing, the Client shall pay all costs of collection, including reasonable attorney’s fees. Records of XXXXXXX’ direct and indirect costs and expenses pertinent to its compensation under this Agreement shall be kept in accordance with generally accepted accounting practices and applicable federal, state, or local laws and regulations.
Payments to Xxxxxxx
