Timing and Amount Clause Samples
The "Timing and Amount" clause defines when payments or deliveries are due and specifies the exact quantities or sums involved. In practice, this clause outlines the schedule for performance—such as payment dates or delivery milestones—and details the precise amounts to be paid or items to be delivered. By clearly establishing both the timing and the amount, this clause ensures predictability and prevents disputes over when obligations must be fulfilled and in what measure.
Timing and Amount. If the U.K. Borrowers are required to make a Tax Deduction, the U.K. Borrowers shall make that Tax Deduction and any payment required in connection with that Tax Deduction within the time allowed and in the minimum amount required by law.
Timing and Amount. (i) If at any time, and from time to time, and for any reason (including the exercise by SDG&E of any right or remedy with respect to Performance Assurance, including the drawing of a Letter of Credit), the Agreement Exposure for Party B exceeds Party B’s Threshold, then SDG&E may request of Party B, and Party B shall provide, Performance Assurance in the form of Cash or Letter of Credit in an amount equal to the amount by which the Agreement Exposure exceeds Party B’s Threshold.
(ii) On any Business Day (but no more frequently than weekly with respect to Letters of Credit and daily with respect to cash), Party B, at its sole cost, may request that the amount of Performance Assurance be reduced based upon a decrease in the Agreement Exposure as calculated on such Business Day. Any Performance Assurance being provided or returned shall be delivered within five (5) Business Days of the date of receipt of such request if such request is received before the Notification Time, and within six (6) Business Days of the date of receipt of such request if such request was received after the Notification Time; provided, however, that if any Performance Assurance is being required on account of an exercise by SDG&E of any right or remedy with respect to Performance Assurance, including the drawing of a Letter of Credit, Party B must provide replacement Performance Assurance within one (1) Business Day of Party B learning of SDG&E’s exercise of such right or remedy. The amount of Performance Assurance being provided by Party B shall be rounded upwards to the next multiple of fifty thousand dollars ($50,000.00), and the amount of Performance Assurance being returned by SDG&E shall be rounded down to the next multiple of fifty thousand dollars ($50,000.00).
(iii) For purposes of this Agreement, “Agreement Exposure” means the amount resulting from (I) the Settlement Amount that would be payable from Party B to SDG&E, if an Early Termination Date were declared pursuant to Article 9 of the Master Agreement, whether or not an Event of Default has occurred, had all Transactions been terminated; plus (II) the net amount of all other payments owed but not yet paid between the Parties, whether or not such amounts are then due, for performance already provided under the Agreement; plus (III) Invalidation Security Amount required under Section 4(b)(ii), if applicable, less (IV) the amount of any Performance Assurance in the form of Cash or Letter of Credit then held by SDG&E exclu...
Timing and Amount. Except as otherwise required by applicable law or as set forth below or in the Plan, the Company shall cause one Share to be issued to the Participant for each vested RSU, with such Shares to be delivered to the Participant upon the applicable vesting date.
Timing and Amount. The settlement amount will become due and payable to Claimant as set forth in the SA (“Payment”).
Timing and Amount. The settlement amount will become due and payable to Claimant as determined by the Plaintiffs’ Claims Review Committee (“PCRC”) as set forth in the MSA (“Settlement Payment”).
Timing and Amount. Provided the IPO is closed no later than [***] years from the Effective Date, concurrently with the closing of the IPO, HMR shall purchase from SCRIPTGEN pursuant to a private placement [***] (U.S.) of common stock of SCRIPTGEN at a price per share equal to the gross price per share at which shares are sold to the underwriter(s) of the IPO prior to deduction for underwriting commissions and discounts. HMR acknowledges and agrees that such shares shall not be registered under the Securities Act and shall be deemed to be "restricted securities" within the meaning of Rule 144 promulgated under the Securities Act. As a condition of such purchase, HMR and SCRIPTGEN shall enter into a written agreement that provides [***] on customary terms with respect to such shares satisfactory to both Parties, to be exercisable whenever the provisions of Sections (c), (e), (f) and (h) of Rule 144 promulgated under the Securities Act would apply to any sale of such shares in the public market.
Timing and Amount. Following the Performance Measurement Date, the Compensation Committee will determine the extent to which the applicable Performance Condition has been achieved, as may be limited by the TSR Performance Condition (as described in ▇▇▇▇▇ ▇). Vested PSUs, and if issued pursuant to Section 4(a) below, Restricted Stock Units, earned by a Participant will be settled and paid in Shares as soon as practicable following the Performance Measurement Date on a date determined in the Company’s discretion, provided that the Participant continues to be actively employed on such date, subject to Section 4, and in no event later than the last day of the “applicable 2½ month period” specified in Treas. Reg. §1.409A-1(b)(4) (the “Payment Date”).
Timing and Amount. In addition to the Advances listed in Section 1(A) above, Investor shall have the right to advance up to an additional Three Million and No/100 Dollars ($3,000,000) (the “Additional Advances”) on or before the date specified in the following schedule, but in all events no earlier than February 15, 2017: April 1, 2017 $ 1,500,000.00 May 1, 2017 $ 1,500,000.00
Timing and Amount. Following the end of the Performance Period, the Compensation Committee will determine the extent to which the Revenue Growth Performance Condition has been achieved consistent with the requirements of Annex I. Vested PSUs earned by a Participant will be settled and paid in Shares of the Company’s Common Stock as soon as practicable following the end of the Performance Period on a date determined in the Company’s discretion, provided that for PSUs the Participant continues to be actively employed on such date, subject to Section 4, and in no event later than the last day of the “applicable 21⁄2 month period” specified in Treas. Reg. §1.409A-l(b)(4) or, if earlier, the date of filing of Company audited financials for the last year of the Performance Period with the Securities and Exchange Commission (the “Payment Date”). Notwithstanding the preceding sentence, if the Participant’s employment is terminated by the Company without Cause (as defined in the Retention Agreement) or the Participant terminates his employment for Good Reason (as defined in the Retention Agreement), in either case between the last day of the Performance Period and the Payment Date, the Participant must continue to be actively employed through the last day of the Performance Period rather than on the Payment Date.
Timing and Amount. (i) If at any time, and from time to time, and for any reason (including the exercise by PG&E of any right or remedy with respect to Performance Assurance, including the drawing of a Letter of Credit), the Agreement Exposure for Party B exceeds Party B’s Threshold, then PG&E may request of Party B, and Party B shall provide, Performance Assurance in an amount equal to the amount by which the Agreement Exposure exceeds Party B’s Threshold. “Agreement Exposure” means: (1) prior to and on the Liquid Market Trigger Date, the Independent Amount posted by Party B, or (2) as of and following the first Business Day following the Liquid Market Trigger Date, the amount resulting from (A) the Settlement Amount that would be payable from Party B to PG&E, if an Early Termination Date were declared pursuant to Article 9 of the Master Agreement, whether or not an Event of Default has occurred, had all Transactions been terminated; plus (B) the net amount of all other payments owed but not yet paid between the Parties, whether or not such amounts are then due, for performance already provided under the Agreement; less (C) the amount of any Performance Assurance then held by PG&E excluding (I) the Independent Amount posted or required to be posted by Party B, and (II) any guaranty provided by a Credit Support Provider.