Remaining Payment Clause Samples

Remaining Payment. The Remaining Payment shall equal the sum of (i) $3,000,000, plus (ii) two-thirds of the amount by which the funds in the CNCAC trust account (following the exercise of any redemption rights by the stockholders of CNCAC) is less than $30,000,000. (For example: (a) if the amount of such trust account after all redemptions is $24,000,000, then the Remaining Payment shall equal $7,000,000 ($3,000,000 plus 2/3 of $6,000,000); (b) if the amount in the trust account after all redemptions is $27,000,000, then the Remaining Payment shall equal $5,000,000 ($3,000,000 plus 2/3 of $3,000,000); (c) and if the amount in the trust account after all redemptions is at least $30,000,000, then the Remaining Payment shall equal $3,000,000 ($3,000,000 plus $0)). In the event that any of the following events occurs any time after the Closing, CNCAC and Chardan Sub shall promptly pay the Remaining Payment or any part of the Remaining Payment then available to the HollySys Stockholders or their designees by wire transfer: (A) If Chardan Sub receives at least $60,000,000 in gross proceeds in additional financing as a result of (1) the call of CNCAC's presently outstanding warrants (which such warrants will be assumed by Chardan Sub at the Closing), (2) Chardan Sub's successful completion of a secondary offering, or (3) the private investment into Chardan Sub by a strategic investor. (B) If HollySys Holdings generates a net positive cash flow in any fiscal year beginning with the fiscal year ending June 30, 2006, the HollySys Stockholders shall be entitled to receive 50% of the net positive cash flow until a total of the Remaining Payment has been received. In the event that any of the events (A) or (B) occurs, the total sum of the unpaid balance of the Remaining Payments shall be paid by Chardan Sub. In the event of any partial payment of the Remaining Payment, any subsequent payments shall be limited by the unpaid balance of the Remaining Payment.

Remaining Payment. Within sixty (60) calendar days of the expiration or termination of this Agreement, each party shall pay to the other party all sums, if any, due and owing as of the date of expiration or termination.

Remaining Payment. Buyer shall pay seller the total purchase price of as stated on Signature Page at time of contract (minus any deposit already paid) within five (5) days business days of execution of the contract or Puppy’s reaching four (4) weeks of age, whichever comes first. Failure to pay in a timely manner shall render this entire Agreement null and void. Seller may retain ▇▇▇▇▇’s deposit if ▇▇▇▇▇ fails to timely pay.

Remaining Payment. The remainder of the travel sum must be paid no later than 6 weeks before the commencement date of the Trip. If the Agreement is concluded within 6 weeks of the commencement date of the Journey, the full travel sum must be paid immediately and in any event before the commencement of the Journey.

Remaining Payment. Licensee shall pay Licensor the Remaining Payment for each Delivered Order, by check, ACH, or wire transfer in the name of Licensor within thirty (30) days of receipt of the applicable Delivery Invoice.

Remaining Payment. The Company is obligated to pay to R▇▇▇▇▇▇▇▇ $620,000 under the Separation Agreement on July 31, 2011 (the “Remaining Payment”). R▇▇▇▇▇▇▇▇ acknowledges and agrees that, because payment of the Remaining Payment could jeopardize the Company’s ability to continue as a going concern, the Company shall pay $270,000 of the Remaining Payment in twenty-seven equal monthly installments (the “Installment Payments”) with the first such installment payable on July 31, 2011 and the remaining twenty-six installments paid on the last day of each month thereafter for twenty-six months. On October 31, 2013, the Company will pay the remaining $350,000 either in a lump sum amount in cash or in that number of shares having an aggregate fair market value of $350,000. The fair market value will be equal to the average closing price of the Company’s stock over the twenty consecutive trading days preceding October 31, 2013.

Remaining Payment. Promptus shall pay GTI the Remaining Payment, which amount shall be determined and payable as follows: (i) within two (2) Business Days of Promptus' receipt of the Net Stock Proceeds from the sale of not less than 72% of the VideoServer Common Stock, Promptus shall deliver to GTI, by wire transfer to GTI's bank account designated in accordance with Section 2.02(a)(i) hereof, an amount equal to the sum of (A) the Initial Stock Payment and (B) the Additional Payment;

Remaining Payment. Within 60 days of termination of this Agreement for any reason, Consultant shall submit to Customer an itemized invoices for any fees or expenses theretofore accrued under this Agreement.

Remaining Payment. Within forty-five (45) calendar days of the expiration or termination of this Agreement, each party shall pay to the other all sums, if any, due and owing as of the date of expiration or termination. Such sums shall include any Berlex commissions then earned and unpaid.