Special Installment Amounts Sample Clauses

Special Installment Amounts. The provisions of this Section 8(e) shall apply for each Calendar Quarter on the last day of which at least $5,000,000 in aggregate Principal amount is outstanding under all Notes. The Company shall announce its operating results (the “Operating Results”) for each Calendar Quarter no later than the twenty-fifth (25th) day after the end of each Calendar Quarter and such announcement shall include the amount of the Company’s Net Cash Balance. In addition, if at the end of the Calendar Quarter the Company’s U.S. Net Cash Balance is less than $10,000,000 (a “US Net Cash Deficiency”), the Company shall make publicly available (as part of the Operating Results announcement or, contemporaneously, on a Current Report on Form 8K or otherwise) the fact that the Company’s Obligation to pay Special Installment Amounts has been triggered. On the date of such announcement (the “Announcement Date”), the Company shall also provide to the Holders a certification (a “US Cash Certification”) as to the amount of the US Net Cash Balance as of the end of the Calendar Quarter to which such Operating Results relate. If at the end of any Calendar Quarter (i) the Company’s Net Cash Balance shall be less than $15,000,000 or (ii) a U.S. Net Cash Deficiency exists (either event a “Net Cash Deficiency”), the Company shall, on the Announcement Date, also provide to the Holder a notice (each such notice, a “Net Cash Deficiency Notice”) stating (A) the amount of such Net Cash Deficiency and (B) if the Stockholder Approval has been obtained, the information required to be included in a Company Installment Notice. At any time during the period beginning after the Holder’s receipt of a Net Cash Deficiency Notice and ending seven (7) Business Days thereafter (the “Special Installment Notice Due Date”), the Holder may require the Company to pay, on each Special Installment Date, Special Installment Amounts in the form of a Company Redemption or, at the Company’s option if applicable, a Company Conversion (or a combination thereof) in accordance with the provisions of this Section 8 by delivering written notice thereof to the Company. The Company shall continue to pay such Special Installment Amounts to the Holder on each Special Installment Date, and the Holder shall be entitled to receive such Special Installment Amounts, until a subsequent Announcement Date on which the Company announces a Net Cash Balance of $15,000,000 or more and states that the Company’s US Net Cash Balance is in complia...
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Related to Special Installment Amounts

  • Payment Amounts The aggregate Payments to be made in any fiscal year shall not exceed an amount that is equal to the corresponding Appropriated Amount. (For example, for the Payments due on December 1, 2022 and on June 1, 2023, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2021.) Furthermore, the amount of each such Payment shall not exceed the amount of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” (payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Dubuque County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding the extant Payment due date.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Recurring Instalment Payments 15.1 Where you have a Citibank ATM/Debit Card which allows you to make Card Transactions:

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Crediting Payments The receipt of any payment item by Agent shall not be required to be considered a payment on account unless such payment item is a wire transfer of immediately available federal funds made to Agent’s Account or unless and until such payment item is honored when presented for payment. Should any payment item not be honored when presented for payment, then Borrowers shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by Agent only if it is received into Agent’s Account on a Business Day on or before 1:30 p.m. If any payment item is received into Agent’s Account on a non-Business Day or after 1:30 p.m. on a Business Day (unless Agent, in its sole discretion, elects to credit it on the date received), it shall be deemed to have been received by Agent as of the opening of business on the immediately following Business Day.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Interest Rates and Payment Dates (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin.

  • Payment Due Dates Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or facility fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following calendar month, such payment shall be made on the immediately preceding Business Day.

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