Examples of Mandatory Payment Date in a sentence
Notwithstanding the foregoing, if applicable law requires Buyer to pay Seller on or before a date that is earlier than the Normal Payment Date (the “Mandatory Payment Date”), then Buyer will pay Seller on or before the Mandatory Payment Date but will be entitled, unless applicable law provides otherwise, to take an early payment reduction of 0.0333% of the gross invoice price for each day before the Normal Payment Date that it initiates payment.
Notwithstanding the foregoing in the event that the Borrower has delivered a Mandatory Redemption Notice to the Holder the Holder shall still be entitled to effectuate conversions as contemplated under Section 1 until the business day immediately prior to the Mandatory Payment Date.
As at the date hereof, the Company has failed to pay the remaining purchase price to acquire the 72.5% membership interest in OR Operations, however, the Company is in negotiations with the other member to extend the Mandatory Payment Date to complete the step acquisition as contemplated.
In the event the Eligible Participant has not made a valid benefit election by his Mandatory Payment Date, the charge for the Pre-Retirement Surviving Spouse’s Benefit coverage, if applicable, shall be determined based on the last known marital status of the Eligible Participant following his termination of employment with the Company.
Notwithstanding the foregoing, if applicable law requires Buyer to pay Seller on or before a date that is earlier than the Normal Payment Date (the “Mandatory Payment Date”), then Buyer will pay Seller on or before the Mandatory Payment Date but will be entitled, unless applicable law provides otherwise, to take an early payment reduction of [...***...] of the gross invoice price for each day before the Normal Payment Date that it initiates payment.