May Payment definition
Examples of May Payment in a sentence
In connection with ACSD completing all activities required to meet the aforementioned dates, Cubist shall remit to ACSD [*] of [*] on each of (i) the date of execution by both parties of this Amendment No. 2 (the "February Payment"); (ii)May 1, 2003 (the "May Payment"); and (iii) August 1, 2003 (the "August Payment").
The May Payment made pursuant to this Letter Agreement shall be on a pro rata basis to each of you, based on your investment relative to the other members of the Group, as more fully detailed on Schedule A attached hereto.
The May Payment shall be paid to the Group on or before May 7, 2018 (the “May Deadline”).
XELR8 agrees that it will provide Bleu Ridge with a check at the Purchase Meeting for both the April Payment and the May Payment.
The May Payment will be an amount based on the anticipated Commercial Use Income from the period from 1 April to 30 September in each financial year and as provided in the BID Company Cash Flow Forecast.
The amount of the Senior Notes Payment shall be the sum of (i) $9,228,222.02 (being the total amount of principal and interest that the Debtor contends, and admits, it owes thereon through June 30, 2008 after giving effect to the May Payment) plus (ii) the product obtained by multiplying $1,141.97 (per diem interest as calculated by Debtor) by the number of days elapsed from June 30, 2008 to the date of the Senior Notes Payment.
Borrower shall pay to Lender (i) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan from February 28 up to and including April 14, 2007, and (ii) on the May Payment Date and each Payment Date thereafter up to and including the Maturity Date, (x) interest accruing on the Loan during the entire Interest Period in which such Payment Date occurs, and (y) the Monthly Principal Payment Amount.
School agrees to pay in installment payments of $34,743 .80 per month for 10 consecutive months which school is in session, August through May Payment is due by the 10th of the month following service.
The claims asserted by Bleu Ridge in the Lawsuit are denied, disputed and contested, and nothing contained herein (including but not limited to XELR8’s agreement to restore Bleu Ridge’s access to the BackOffice Account and to make the April Payment, the May Payment and the Subsequent Payments as set forth herein) shall be construed as an admission or acknowledgement by XELR8 of any liability or fault of any kind, nor the validity or amount of any claim asserted in the Lawsuit.