Period Two Clause Samples
Period Two. Period Two commences on July 1 immediately following the conclusion of Period One and ends on June 30 of the tenth fiscal year thereafter. In the given example, Period Two would end on June 30, 2039.
Period Two. Thirty-nine percent (39%) of SUBRECIPIENT’s billed Usual and 16 Customary Charges
Period Two. If the Second Milestone is not achieved by the 90th Day following the 36th month from the Entitlement Date the Company will be required to pay seven and a half (7.5) times the Base Amount due and payable for the next-ensuing PILOT Year (or, if the Company has made a lump sum payment of the Base Amount as provided in the Agreement, then 7.5 times the Base Amount that would otherwise have been due and payable for the next-ensuing PILOT Year had such lump sum payment not been made). Exhibit Schedule 1 sets forth an example of the calculation assuming a Base Amount of $373,696,, which would yield a Supplemental Payment of $2,802,723 (7.5 times Base Amount of $373,696, equals $2,802,723).
Period Two. If the First Milestone is not achieved by the 90th Day following the 24th month from the Entitlement Date the Company will be required to pay five (5) times the Base Amount due and payable for the next-ensuing PILOT Year (or, if the Company has made a lump sum payment of the Base Amount as provided in the Agreement, then 5 times the Base Amount that would otherwise have been due and payable for the next-ensuing PILOT Year). Exhibit Schedule 1 sets forth an example of the calculation assuming a Base Amount of $355,901, which would yield a Supplemental Payment of $1,779,505 (5 times Base Amount of $355,901equals $1,779,505).
Period Two. For Product produced on and after October 1, 1998 and before ---------- September 30, 2000; payment shall be made by the ANRC for the Product promoted, marketed, distributed and sold by the ANRC and its Affiliates as follows. The ANRC will pay VITEX ******************************************************************************** ******************************************************************************** *************. For Product produced on and after October 1, 1998 and before September 30, 2000, the royalty due VITEX for a calendar quarter shall be paid **************** ******************************************************************************** **************************************************************************** ["****" indicates material omitted and filed separately with the Securities and Exchange Commission Pursuant to a request for confidential treatment.] ******************************************************************************** ********************************************************
Period Two. During the period beginning on January 1, 2022, and ending May 31, 2022, the sum equal to:
(1) $30,000,000.00; plus
(2) Provided the Borrower has satisfied the Accordion Prerequisites, the lesser of $10,000,000.00 or the then Available Borrowing Base.
Period Two. For the period of time from June 1, 2011 through September 30, 2011, the City will pay the District a monthly fee of $4,400.00 ($17,600 in the aggregate) for the District’s performance of its obligations under the Agency Agreement, as amended by this Agreement, which amount represents a commitment of five hours per week from ▇▇. ▇▇▇▇▇▇▇ and a commitment of two and on-half hours per week from ▇▇. ▇▇▇▇▇▇▇.
Period Two. Upon completion of Period Two, to the extent there are TRX Exchange Shares remaining in escrow after the Release of Period One Release Shares, the number of TRX Exchange Shares to be Released from the escrow to the Sellers (“Period Two Release Shares”) shall be calculated as follows: