Deferral of Certain Payments. If any payment otherwise due hereunder would be, when otherwise due, subject to additional taxes and interest under Section 409A of the Internal Revenue Code of 1986, as amended, then such payment shall be deferred to the extent required to avoid such additional taxes and interest.
Deferral of Certain Payments. The Company agrees that if Payments stated to be payable on any date have not been made on the Company's preference shares or any other Parity Securities, then it will defer Payments on the 6.20% ING Perpetual Debt Securities payable on such date, unless a Mandatory Interest Payment is due.
Deferral of Certain Payments. (i) The Company shall have the ability with respect to holders of Company Options who are officers of the Company's operating subsidiaries, other than Xxxxxx X. Xxxxxxxxxx, Xxxxxxx Xxxxx, Xxxxx X. Xxxxxxx, Xxxxxx X. Xxxx, Xxxxx Xxxxxxx, Xxxxxxxx X. Xxxx and Xxxx X. Xxxxxxxx, to defer payments of up to 50% of the Option Consideration otherwise payable to such holders at the Effective Time for a period of up to two years from the Effective Time, together with interest thereon computed at a rate equal to the average yield on U.S. Treasury obligations having a term to maturity of five years as determined annually in arrears by the Company, and subject to such other terms and conditions as the Company shall determine.
Deferral of Certain Payments. 27 SECTION 6.05. Sufficiency of Ordinary Shares..................................................27 SECTION 6.06. Ranking.........................................................................28 SECTION 6.07. Payment of Proceeds from Sale of Payment Ordinary Shares and Associated Cost Ordinary Shares...............................................................28 SECTION 6.08. Listing.........................................................................29 SECTION 6.09. Calculation Agency Agreement....................................................29 SECTION 6.10. Officer's Certificate on Deferral...............................................29 SECTION 6.11. Officer's Certificate for Market Disruption Event...............................29
Deferral of Certain Payments. (a) Section 4.01(b) of the Lease is hereby amended to postpone the due date of the final 2 installments of the Block A and B Allowance as hereinafter set forth. Notwithstanding the provisions of Section 4.01(b) of the Lease, in lieu of the $3,425,497 installment of the Block A and B Allowance described in clause (v) of said Section 4.01(b), and the $3,173,940 installment of the Block A and B Allowance described in clause (vi) of said Section 4.01(b), Landlord shall pay to Tenant, on the later of (i) August 1, 1996 and (ii) the first Relevant Date applicable to any space included in the Block A Space, a single payment of $6,724,893 (the later of the dates described in clauses (i) and (ii) is called the "Block A/B Allowance Deferred Payment Date").
Deferral of Certain Payments. Notwithstanding anything in this Indenture to the contrary, each Holder agrees to defer payment of the Milestone Event Payments and the deferral of such payments shall not constitute an Event of Default, provided, however, that such deferral is expressly conditioned on and such deferral will only be effective so long as the Merger Conditions are satisfied (or waived by holders of Notes representing at least 66.67% of the aggregate principal amount of the Notes then outstanding) and, provided further, that if any amounts are deferred pursuant to this Section 5.01(c), then Interest shall accrue at the Default Interest Rate and Late Charges shall accrue on all amounts so deferred. All amounts deferred pursuant to this Section 5.01(c) shall be immediately due and payable upon the earlier of (i) any time that any of the Merger Conditions is not satisfied (unless otherwise waived by holders of Notes representing at least 66.67% of the aggregate principal amount of the Notes then outstanding), (ii) a Change of Control Redemption Date, (iii) an Event of Default Redemption Date and (iv) the Maturity Date.”
Deferral of Certain Payments. (a) Section 2.2(a)(ii) of the Loan Agreement is hereby amended in its entirety to read as follows:
Deferral of Certain Payments. For as long as the Senior Obligations are outstanding, notwithstanding the provisions of Section 4.4, payment of amounts otherwise due under Section 4.4 shall be deferred if and to the extent Buyer's agreements with the Facility Lenders in connection with the Senior Obligations prohibit payment of like amounts to Buyer's equity investors until such time as such payments to Buyer's
Deferral of Certain Payments. A Participant who is a Highly Compensated Employee may elect to defer all or a portion of any related earned Performance Units, Restricted Stock or gain on any exercised Option pursuant to the terms of the Deferred Compensation Plan. The value of the Performance Units, Restricted Stock or Option gain so deferred shall be transferred to the Deferred Compensation Plan and held in an account under that plan established for the Participant. Participants who are subject to tax in a foreign country are not eligible to defer payment of Performance Units, Restricted Stock or Option gain unless a deferral election has been approved for the Participant by the Company.
Deferral of Certain Payments. On the basis of the representations and warranties contained in this Amendment, certain Lenders (the "DEFERRING LENDERS") have agreed or may agree (as described in Section 5.30) to the deferral (the "DEFERRAL") until the earlier of June 30, 2003 and the occurrence of an Event of Default (such earlier date being the "DEFERRAL TERMINATION DATE") of the payment of their respective pro rata shares of the following amounts (collectively, the "DEFERRED AMOUNTS"): (i) the installments of principal of the Loans scheduled to be paid on April 1, 2003 (the "DEFERRAL DATE") and (ii) any mandatory prepayments of principal on the Revolving Loans which may be due on the Deferral Date under Section 2.09 (d) (i) in connection with the Revolving Loan Commitment Amount reduction scheduled for the Deferral Date under Section 2.09 (c) (ix) and Annex C (PROVIDED that such Deferring Lenders' Revolving Loan Commitment Amounts SHALL be reduced on the Deferral Date as set forth in Annex C). The Agent is hereby directed to apply any payments it shall receive with respect to the Deferred Amounts (unless the Deferring Lenders notify the Agent that the Deferral has been terminated) to the balance of the Loans held by the Lenders other than the Deferring Lenders. The parties hereto acknowledge that the above Deferral shall terminate on the Deferral Termination Date, and hereby consent to the payment of such Deferred Amounts to the Deferring Lenders on the
