Fourth Installment definition
Examples of Fourth Installment in a sentence
The account shall be fully funded (less the amount of the Fourth Installment) not later than the making of the Third Installment.
In the event that the account is not fully funded as of the making of the Third Installment, the Fourth Installment shall be used to fund the balance of the account and the Investment Partnership shall directly fund its Fourth Installment into such account.
Any such reduction in Capital Contribution shall be applied to reduce the Second Installment and if, and to the extent necessary, the Third Installment and if, and to the extent necessary, the Fourth Installment.
The Fourth Installment amounting to Ninety ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (15%, US$ 91,105,500) shall be due and payable within three (3) banking days from the the receipt of the BUILDER'S invoice and a telefax notice from the Builder, countersigned by the classification surveyor, certifying that keel laying for the DRILLSHIP has commenced but not earlier than 4 months after the third installment.
The New Purchasers shall extend to the Company a principal amount of US$ 937,500 at the Third Closing as part of the Third Installment and an aggregate principal amount of US$ 312,500 at the Fourth Closing as part of the Fourth Installment.
Promptly upon its receipt of the Fourth Installment, IEVM will issue to Benchmark a stock certificate for an additional 5,000,000 shares of IEVM common stock.
Any such increase pursuant to this Section 5.1(e)(2) shall be paid 50% with the Third Installment and 50% with the Fourth Installment to be paid by the Investment Limited Partner.
At least Three (3) business days prior to the anticipated delivery date of the VESSEL, the BUYER shall deposit by telegraphic transfer the Fourth Installment to the account of the BUILDER’s Bank in favour of ShinA Shipbuilding Co., Ltd.
Notwithstanding the aforementioned, total sum of the First Installment, the Second Installment, the Third Installment, the Fourth Installment, the Fifth Installment and the Extra Payment cannot exceed binding offer value of USD 8.482M (eight million four hundred eighty two thousand US dollars).
The Purchasers shall pay to the Company the Fourth Installment, in accordance with Section 1.2 above.