Initial Payment Period definition
Examples of Initial Payment Period in a sentence
On a country-by-country and Product-by-Product basis, after the expiration of the Initial Payment Period and until the end of the Adjusted Payment Period for such Product, Novartis will pay Akcea a royalty on [***]% of the Net Sales of Products sold by Novartis, its Affiliates or Sublicensees on a Calendar Year-by-Calendar Year basis at the royalty rates set forth in TABLE 5 of Section 7.8.1 above.
Section 1.409A-1(b)(9)(iii)(A) (the “Limit”), then: (i) any portion of the Salary Continuation Payments that is payable during the Initial Payment Period that does not exceed the Limit shall be paid at the times set forth above; (ii) any portion of the Salary Continuation Payments that is a “short-term deferral” within the meaning of Treas.
The balance of the License Fees will be paid to bConnected on an ongoing basis, in amounts equal to a [ * * * * ] rate of (1) [ * * * * ] of the [ * * * * ] from Customer's use of the [ * * * * ] or [ * * * * ], less the [ * * * * ] by Trac Medical under the HA Agreement [ * * * * ] during the period beginning upon the Effective Date and [ * * * * ] after acceptance ("Initial Payment Period"), and (2) [ * * * * ] of the [ * * * * ] after the end of the Initial Payment Period.
If any Account purchased by Allied is one that Seller is or becomes obligated to pay or repurchase under this Agreement and is not paid within the Initial Payment Period, Allied, at Allied's sole discretion, may elect to: (i) retain ownership of the Account until the earlier of either the date the Account is paid by the Account Debtor or 90 days after the invoice date of the Account, or (ii) at any time require Seller to repurchase the Account at the Repurchase Price.
Section l.409A-1(b)(9)(iii)(A) (the “Limit”), then (i) any portion of such payments that are payable during the Initial Payment Period that does not exceed the Limit shall be paid at the times set forth in Section 6(d)(i) or Section 6(e).
The term "Distribution Period" shall mean the period from, and including, the Initial Payment Period Commencement Date, notwithstanding that no Series D Preferred Shares had been issued on such date to, but not including, the first Distribution Payment Date and thereafter, each quarterly period from, and including, the Distribution Payment Date to, but not including, the next Distribution Payment Date.
Subsequent to the end of the Initial Payment Period, the management fee will be equal to 1% per annum of the aggregate Capital Commitments of all Partners.
As full compensation for the services rendered to the Partnership hereunder and the expenses borne by the Company hereunder, during the period ending four (4) years after the Initial Closing Date (the "Initial Payment Period"), the Partnership shall pay the Company a management fee equal to 2% per annum of the aggregate Capital Commitments of all Partners.
Distributions shall be payable quarterly on January 1, April 1, July 1 and October 1 of each year, commencing on ____________ __, ____, with the initial distribution being computed from the Initial Payment Period Commencement Date, and shall be cumulative from the Initial Payment Period Commencement Date, notwithstanding that no Series A-1 Increasing Rate Preferred Shares had been issued on such date.
The term "Distribution Period" shall mean the period from and including the Initial Payment Period Commencement Date, notwithstanding that no Series B-1 Preferred Shares had been issued on such date, to, but not including, the first Distribution Payment Date and thereafter, each quarterly period from and including any Distribution Payment Date to, but not including, the next Distribution Payment Date.