Repayment Provisions Sample Clauses
Repayment provisions define the terms and conditions under which a borrower must repay a loan or debt. These provisions typically specify the repayment schedule, including due dates, installment amounts, and acceptable payment methods, and may address issues such as prepayment, late fees, or interest calculations. By clearly outlining the borrower's obligations and the lender's expectations, repayment provisions help prevent misunderstandings and disputes, ensuring both parties are aware of their rights and responsibilities regarding the repayment process.
Repayment Provisions. If for any reason, INDOT is required to repay to FHWA the sum or sums of federal funds paid to the LPA or on behalf of the LPA under the terms of this Contract, then the LPA shall repay to INDOT such sum or sums within thirty (30) days after receipt of a billing from INDOT. If the LPA has not paid the full amount due within sixty (60) calendar days past the due date, INDOT may proceed in accordance with I.C. 8-14-1-9 to compel the Auditor of the State of Indiana to make a mandatory transfer of funds for the LPA’s allocation of the Motor Vehicle Highway Account to INDOT’s account until the amount due has been repaid.
Repayment Provisions. If the Company is required to prepare an accounting restatement due to its material noncompliance, as a result of the Executive’s misconduct, with any financial reporting requirement under United States securities laws, then, and only if Section 304 of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, or a successor provision, is then in effect, the Company may require the Executive to reimburse the Employer for (i) any bonus or other incentive-based or equity-based compensation received by the Executive from the Employer during the 12-month period following the first public issuance or filing with the Securities Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement and (ii) any profits realized from the sale of securities of Company during such 12-month period.
Repayment Provisions. If the Company is required to prepare an accounting restatement due to its material noncompliance, as a result of the Executive’s misconduct, with any financial reporting requirement under the United States securities laws, then, and only if Section 304 of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, or a successor provision, is then in effect, the Executive shall reimburse the Company for (i) any bonus or other incentive-based or equity-based compensation received by the Executive from the Company during the twelve (12) month period following the first public issuance or filing with the Securities Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement and (ii) any profits realized from the sale of securities of the Company during such twelve (12) month period.
Repayment Provisions. If Company is required to prepare an accounting restatement due to noncompliance with any financial reporting requirement under United States securities laws, then Company will have the right to require Executive to reimburse Employer for (a) any bonus or other incentive-based or equity-based compensation received by Executive from Employer during the 12-month period following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement, (b) any profits realized from the sale of securities of Company during such 12-month period and (c) such other incentive-based compensation as may be specified by applicable law, regulation or listing standard.
Repayment Provisions. In the event the Subrecipient fails to comply in whole or in part with the terms and conditions of this Agreement and/or the referenced regulations pertaining to the use of CDBG funds, and where DHED, the County, or HUD has determined that the County or Subrecipient has a repayment obligation required due to the Subrecipient’s performance or lack thereof, the Subrecipient shall be responsible to reimburse the County in the amount requested by the County within sixty (60) days of the date of written notification from the County to the Subrecipient.
Repayment Provisions. If the Company is required to prepare an accounting restatement due to noncompliance with any financial reporting requirement under United States securities laws for any filings made during the Term, commencing with the first full quarter following the date of this Agreement, then Company will have the right to require Executive to reimburse the Company for (a) any bonus or other incentive-based or equity-based compensation received by Executive from the Company during the 12-month period following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement, (b) any profits realized by the Executive from the sale of securities of the Company during such 12-month period and (c) such other incentive-based compensation as may be specified by applicable law, regulation or listing standard.
Repayment Provisions. Interest as it accrues on principal amounts evidenced by the Note and calculated as provided herein and in the Note shall be due and payable by the Borrower (a) at the end of each calendar quarter commencing December 31, 2002 and continuing thereafter on the last day of each succeeding calendar quarter while any amount remains owing on the Note and (b) on the date the principal Debt evidenced by the Note is paid in full, the interest payment in each instance to be that which has been earned and remains unpaid. All outstanding principal Debt evidenced by the Note shall be repayable by the Borrower on the Termination Date. Certain of the Security Documents contain an assignment unto and in favor of the Lender of all oil, gas and other minerals produced and to be produced from or attributable to the Mortgaged Properties together with all of the revenues and proceeds attributable to such production, and such Security Documents further provide that all such revenues and proceeds which may be so collected by the Lender pursuant to such assignment shall be applied to the payment of the Note and the satisfaction of all other Debt to be secured by such Security Documents. So long as the Borrower owes Debt governed by the Senior Credit Agreement, any such assignment as it relates to the Mortgaged Properties shall be subordinate to all Rights of Wells Fargo Bank, as agent, un▇▇▇ ▇he Senior Credit Agreement. The Lender and the Credit Parties expressly acknowledge and agree that so long as no Event of Default shall have occurred and be continuing, the Lender shall be entitled only to repayment on the Note as set forth above, and the Credit Parties, to the extent of their Rights apart from this Agreement, shall be entitled to receive all proceeds from the sale of production. In connection with the rights of the Lender to all proceeds of production, upon the occurrence and continuation of an Event of Default (only if the Debt governed by the Senior Credit Agreement has been repaid in full), each of the Credit Parties hereby grants the Lender a power of attorney, which power is coupled with an interest and is irrevocable, to complete in all respects and deliver to the addressee the letter transfer orders to which they are a party executed in connection with the Security Documents. All payments required pursuant to this Agreement on the Debt evidenced by the Note shall be made in immediately available funds; shall be deemed received by the Lender on the next Business Day f...
Repayment Provisions. 6.1 Contractor must satisfy and complete each of its obligations in this Agreement by the applicable Performance Milestones noted in Attachment “C”, subject to Documented Delays; provided, however, notwithstanding any Documented Delay, Contractor shall complete all of its obligations not later than Month DD, CCYY. A delay shall only be a “Documented Delay” if (1) such delay is an event described in Section 13 below (entitled Force Majeure) or is otherwise beyond Contractor’s reasonable control, (2) Contractor notifies Center in writing within 10 days after Contractor encounters such delay, (3) Contractor notifies Center in writing of the date such delay no longer applies and (4) Center reasonably approves such delay and its length in writing.
6.2 If (i) Contractor fails to have satisfied and completed all of its obligations in this Agreement (including the Project Milestones) by Month DD, CCYY (notwithstanding Documented Delays), or if (ii) the parties fail to sign a Service Provider Agreement by Month DD, CCYY, Contractor shall repay to Center all of the Start-Up Funds previously remitted by Center to Contractor under this Agreement. Contractor shall repay such funds within 10 business days from the receipt of such written demand for repayment by Center.
Repayment Provisions. Recipients of sabbatical leave shall return to the College and serve one full year for each academic semester of sabbatical leave granted. Preferably, these semesters shall be consecutive. The “alternative” summer semester (Article 7.10A Yearly Workload) shall be considered an academic semester for repayment purposes. If the Faculty member does not remain at the College for the length of time required by this obligation, the Faculty member shall reimburse the College for salary paid during the sabbatical leave. The amount of repayment shall be determined on a pro rata basis according to the number of days worked since the completion of the sabbatical leave compared to the total number of days obligated.
Repayment Provisions. 6.1 Contractor must satisfy and complete each of its obligations in this Agreement by the applicable Performance Milestones noted in Attachment “C”, subject to Documented Delays; provided, however, notwithstanding any Documented Delay, Contractor shall complete all of its obligations not later than Month DD, CCYY. A delay shall only be a “Documented Delay” if (1) such delay is an event described in Section 13 below (entitled Force Majeure) or is otherwise beyond Contractor’s reasonable control, (2) Contractor notifies Center in writing within 10 days after Contractor encounters such delay, (3) Contractor notifies Center in writing of the date such delay no longer applies and (4) Center reasonably approves such delay and its length in writing.
6.2 If (i) Contractor fails to have satisfied and completed all of its obligations in this Agreement (including the Project Milestones) by Month DD, CCYY ( (notwithstanding Documented Delays), or if (ii) the parties fail to sign a Service Provider Agreement by Month DD, CCYY, Contractor shall repay to Center all of the Start-Up Funds previously remitted by Center to Contractor under this Agreement. Contractor shall repay such funds within 10 business days from the receipt of such written demand for repayment by Center.
6.3 [Note: this paragraph only applies if the parties execute a Service Provider Agreement.] [sample language for SRF/EBSH, service code 113/900] Contractor acknowledges that the sole purpose and use of the SRF/EBSH is to serve Consumers moving out of a State Developmental Center, at risk for placement in a State Developmental Center or who otherwise qualify for housing under DDS’s procedures. Thus, if a Consumer initially placed in the SRF/EBSH leaves the SRF/EBSH, for whatever reason, Contractor will immediately take steps to place another qualifying Consumer into the SRF/EBSH as soon as possible, in coordination with Center. This obligation shall survive for six years after the date the first Consumers have moved into the SRF/EBSH.
6.4 [Note: this paragraph only applies if the parties execute a Service Provider Agreement.] [sample language for SRF/EBSH, service code 113/900] If Contractor completes all the Project Milestones and admits Consumers, but terminates services at the SRF/EBSH before six years of service (calculated from the date the first Consumer moves into the SRF/EBSH), Contractor shall pay back a portion of the Start-Up Funds as follows: one sixth (1/6th) of the total Start-Up Funds wil...