Xxxxxx Payment. In consideration of the license and covenants not to sue granted herein and in settlement of XXXXXXX’x claims for damages for infringement by XXXXXX and VANDAPAC of the ASSERTED XXXXXXX PATENTS and of the XXXXXXX TRADE DRESS prior to the EFFECTIVE DATE, XXXXXX agrees to pay to XXXXXXX an initial payment of ONE HUNDRED AND FIFTY THOUSAND U.S. dollars (US$150,000) in three monthly installments to be completed by prior to April 30, 2015, and then another seven (7) annual payments of FIFTY THOUSAND U.S. dollars (US$50,000) each prior to December 31, 2015, 2016, 2017, 2018, 2019, 2020, and 2021 respectively. The total of all payments after the last payment is made prior to November 20, 2021 will be FIVE HUNDRED THOUSAND U.S. dollars (US$500,000).
Xxxxxx Payment. Not later than May 1, 2011, the Board will deposit a binder payment 28 in an amount equal to the monthly contribution of $997.92 times the total number of 29 Full Time Equivalent employees or fraction thereof who are on active payroll or 30 otherwise entitled to coverage as of April 1, 2011. This shall be used to bind coverage. 31 The binder payment will be applied to the last month’s coverage or refunded to the 32 Board should the Program terminate its contract with the MEMBA 33 34 E. Board Rights and Responsibilities 35
Xxxxxx Payment. The Bank will have received $5,648,290.40 in immediately available funds from Xxx X. Xxxxxx or an entity under his ownership. The Xxxxxx payment will be applied by the Bank first to costs and fees incurred by the Bank, then to accrued and unpaid interest and then to the principal balance of the Loan.
Xxxxxx Payment. At the Closing, Xxxxx Xxxxxx shall receive 250,000 shares of Parent Common Stock from Parent as payment of a bonus related to his employment with CTD.
Xxxxxx Payment. Notwithstanding anything to the contrary in this Agreement or the Notes, in the case of any Note owned by a Purchaser or its nominee or owned by any other institutional holder who has given written notice to the Company requesting that the provisions of this Section shall apply, the Company will promptly and punctually pay when due the principal thereof and premium, if any, and interest thereon, without any presentment thereof directly to such Purchaser or such subsequent holder at the address of such Purchaser set forth in Schedule I or at such other address as such Purchaser or such subsequent holder may from time to time designate in writing to the Company or, if a bank account is designated for such Purchaser on Schedule I hereto or in any written notice to the Company from such Purchaser or any such subsequent holder, the Company will make such payments in immediately available funds to such bank account no later than 12:00 Noon Chicago, Illinois time on the date due, marked for attention as indicated, or in such other manner or to such other account of such Purchaser or such holder in any bank in the United States as the Purchaser or any such subsequent holder may from time to time direct in writing. If for any reason whatsoever the Company does not make any such payment by such 12:00 Noon Chicago, Illinois time on the date due, such payment shall be deemed to have been made on the next following Business Day and such payment shall bear interest at the Overdue Rate. With respect to Notes to which this Section applies, the Company shall be entitled to presume conclusively that the original or such subsequent institutional holder as shall have requested the provisions hereof to apply to its Notes remains the holder of such Notes until (a) the Company shall have received notice of the transfer of such Notes, and of the name and address of the transferee, or (b) such Notes shall have been presented to the Company as evidence of the transfer.
Xxxxxx Payment. NRI has received and recorded in its books and records the payment of $37,125 from Xxxxxxxx Xxxxxx for the shares of NRI Common Stock previously issued to him.
Xxxxxx Payment. Not later than 11:00 a.m. New York City time on (a) the fifth Business Day following the earlier of (i) any date on which any claim against the Company for payment being made under a TE Support Instrument and (ii) any date on which any written claim by a Customer is made that the Contractor or the applicable Supported Party has failed to make a payment to a Customer when such payment is due and payable under the terms of the applicable Supported Obligation, in each case, the Contractor will pay the Company the amount claimed (the “Claimed Amount”); provided that if and for so long as, in the case of this clause (ii), (x) the Contractor or applicable Supporting Party is disputing its liability to the claiming Customer under the applicable Supported Obligation and (y) the Contractor is in compliance with its obligations under Article V of this Agreement with respect to such dispute, then until such disputed liability has been determined by a final non-appealable court judgment or arbitral award or pursuant to a written settlement or admission approved by the Company and the Contractor, the Contractor’s obligation to pay the Claimed Amount to the Company under this Section 4.01 shall not be deemed to have occurred and the Unused TE Support Commitment shall be reduced by an amount equal to the Claimed Amount (the period of such suspension, a “Dispute Period”) and (b) the first Business Day following any payment by the Company of a Claimed Amount under any TE Support Instrument, the Contractor will reimburse the Company the amount paid (the “Disbursed Amount”). A credit exposure fee will accrue on any Claimed Amount or Disbursed Amount that is not paid by the time required by the preceding sentence (after giving effect to any Dispute Period) (an “Outstanding Amount” and when the Outstanding Amount (excluding Claimed Amounts during a Dispute Period) shall at any time exceed $1,000,000 in the aggregate, a “Payment Failure Event” shall be deemed to have occurred) at a per annum rate equal to the current interest rate determined at the default rate of the funded term loans under the Credit Agreement, which fee shall accrue daily and be payable in cash upon demand.
Xxxxxx Payment. To secure payment of indebtedness in the principal sum of up to One Million Five Hundred Nineteen Thousand One Hundred Five and 74/100 Dollars ($1,519,105.74), as evidenced by a note or notes executed and delivered by Debtor to Secured Party (the "Notes") and any obligations now or hereafter arising under the Loan Documents (as defined below) (all the foregoing hereinafter called the "Indebtedness"), Debtor hereby grants and conveys to Secured Party a first priority continuing lien and security interest in the property described on the Schedule(s) attached hereto (the "Schedules"), all products and proceeds (including insurance proceeds) thereof, if any, and all substitutions, replacements, attachments, additions, and accessions thereto, all or any of the foregoing hereinafter called the "Collateral." The Schedules may be supplemented from time to time to evidence the Collateral subject to this Agreement.
Xxxxxx Payment. Each teacher may elect to receive his/her contract salary in ten or twelve monthly installments, with the unpaid installments payable on the last work day. Each teacher may elect to receive extra duty pay in ten or twelve monthly installments, or in lump sum at the conclusion of the extra duty. These elections will be a part of and shown on each teacher's individual contract(s). Payroll checks shall be issued on the 20th day of each month. If the 20th falls on a day when school is not in session, teachers shall receive their payroll checks on the last previous day that school is in session.
