Agreed Payment Sample Clauses

Agreed Payment. On or before May 16, 2005, Akorn shall pay to Neopharm the sum of Two Million Five Hundred Thousand Dollars ($2,500,000.00) (the “Agreed Payment”) as payment in full of all sums now or hereafter owing under the Note. The Agreed Payment shall be in the form of a cashier’s or certified check or wired funds. Upon timely delivery of the Agreed Payment by Akorn to Neopharm, Neopharm will return to Akorn the Note marked as “Paid in Full.” Except for the Agreed Payment, this Agreement involves no other economic exchanges between the Parties. Each Party will bear its own costs, expenses and attorneys’ fees relating to all real or potential claims released by this Agreement.
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Agreed Payment. In consideration of (i) the timely execution of both this Agreement and the Release of Claims attached hereto as Attachment A (the “Release of Claims”), as further set forth in paragraph 6 below, (ii) this Agreement and the Release of Claims becoming effective (see paragraph 20), (iii) Xx. Xxxxxxxx honoring all of the terms of this Agreement and the Release of Claims , and (iv) Xx. Xxxxxxxx serving in the position described in paragraph 2 of this Agreement during the Transition Period, Ikaria will pay Xx. Xxxxxxxx $630,000 less (A) applicable federal, state, and local taxes and other applicable payroll deductions and withholdings, such amount to be paid in twelve (12) equal monthly installments commencing on the forty-fifth (45th) day after the Separation Date (the “Agreed Payment”). It is understood and acknowledged that the Agreed Payment represents full payment for all amounts owed under Section 5(a)(C) of the Employment Agreement
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Agreed Payment. In consideration of (i) the execution of this Agreement, (ii) this Agreement becoming effective (see paragraph 18), (iii) Xx. Xxxxxx honoring all of the terms of this Agreement, and (iv) Xx. Xxxxxx providing the transition services described in paragraph 2(a) of this Agreement and the services described in the Professional Services Agreement between Xx. Xxxxxx and Ikaria, dated as of March 16, 2010 (the “PSA”), Ikaria will pay Xx. Xxxxxx $412,500 less (A) applicable federal, state, and local taxes and other applicable payroll deductions and withholdings, such amount to be paid in twelve (12) monthly installments commencing on the forty-fifth (45th) day after the Separation Date, provided the Agreed Payment will not be required to be commenced until this Agreement has become effective (see paragraph 18) (the “Agreed Payment”). Any amounts owed to Ikaria by Xx. Xxxxxx, and any amounts incurred by Xx. Xxxxxx which are unauthorized under Ikaria policies (including, without limitation, any amounts or debts incurred on any company credit or charge card) shall be deducted from the first such payment and succeeding payments to the extent necessary.
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Agreed Payment. On or before the Effective Date, Akorn shall pay to the Kapoor Trust the sum of Three Hundred Ninety Thousand Five Hundred and Nineteen Dollars ($390,519) (the “Agreed Payment”). The Agreed Payment shall be in the form of wired funds.
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Agreed Payment. Within twenty (20) calendar days after execution of this Settlement Agreement, and in consideration for the promises made in this Agreement and incorporating the Recitals above as terms hereto, Contech shall deliver to the City settlement funds payable to the “City of Broken Arrow”, in the sum of Five Hundred Thousand and 00/100 Dollars ($500,000.00) (the “Agreed Payment”).
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Agreed Payment. This is a Charity Event and the Performer agrees to donate their talents and performance to the Event as an In-Kind Donation and is willing to perform without financial compensation.
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Related to Agreed Payment

  • Estimated Payments During each calendar year or partial calendar year after the Base Year, in addition to Monthly Rent, Tenant shall pay to Landlord on the first day of each month an amount equal to one-twelfth (1/12) of the product of Tenant's Share multiplied by the "Estimated Operating Expenses" (defined below) for such calendar year. "Estimated Operating Expenses" for any calendar year means Landlord's reasonable estimate of Operating Expenses for such calendar year, less the Operating Expenses for the Base Year and shall be subject to revision according to the further provisions of this Section 5.2 and Section 5.3. During any partial calendar year, Estimated Operating Expenses shall be estimated on a full-year basis. During each December in which this Section 5.2 is applicable, or as soon after each December as practicable, Landlord shall give Tenant written notice of the Estimated Operating Expenses for the ensuing calendar year. On or before the first day of each month during the ensuing calendar year (or each month of the Term if the Term will expire before the end of the calendar year), Tenant shall pay to Landlord one-twelfth (1/12) of the product of Tenant's Share multiplied by the Estimated Operating Expenses for such calendar year; however, if such written notice is not given in December, Tenant shall continue to make monthly payments on the basis of the prior year's Estimated Operating Expenses until the month after such written notice is given, at which time Tenant shall commence making monthly payments based upon the revised Estimated Operating Expenses. In the month Tenant is first required to make a payment based upon the revised Estimated Operating Expenses, Tenant shall pay to Landlord for each month which has elapsed since December the difference between the amount payable based upon the revised Estimated Operating Expenses and the amount payable based upon the prior year's Estimated Operating Expenses. If at any time or times it reasonably appears to Landlord that the actual Operating Expenses for any calendar year will vary from the Estimated Operating Expenses for such calendar year, Landlord may, by written notice to Tenant, revise the Estimated Operating Expenses for such calendar year, and subsequent payments by Tenant in such calendar year shall be based upon such revised Estimated Operating Expenses.

  • Delayed Payment Premium balances that remain unpaid for more than thirty (30) days after the Remittance Date will incur interest from the end of the reporting period. The Remittance Date is defined as thirty (30) days after the end of the reporting period. Interest will be calculated using the index specified in Article 13.5 − Interest Rate.

  • Delayed Payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Permitted Payments Hedging Liabilities

  • Misdirected Payments To the extent there are any misdirected funds forwarded to Seller (or any of its Affiliates, if any) by any third parties, which misdirected funds are paid in respect of the performance of services by or on behalf of the Hospital from and after the Closing Date or with respect to the Accounts Receivable or other Acquired Assets, Seller shall remit such misdirected funds to Buyer within ten (10) Business Days after receipt thereof, to an account designated by Buyer.

  • Disputed Payments If either Party, in good faith, disputes the accuracy of an invoice from the other hereunder, the disputing Party shall provide to the other Party an explanation of the basis for the dispute and shall pay to the other Party the portion of the invoice not in dispute by the due date (but shall not be required to pay the disputed portion). For the avoidance of doubt, a Party may dispute the accuracy of an invoice from the other hereunder after payment has been made in respect of such invoice. Any amount disputed by a Party pursuant to this Section 11.4 that is later conclusively determined (whether by agreement of the Parties or a final, non-appealable determination of a Governmental Authority with jurisdiction) to be properly due and payable shall be paid to the Party owed payment on or before ten (10) Days after such determination, together with interest accrued at the Interest Rate from the first Day following the date on which payment would have been made if not disputed to but excluding the date payment is made.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Restricted Payment In relation to the Borrower and its Subsidiaries, any ------------------ (a) Distribution or (b) payment or prepayment by the Borrower or its Subsidiaries to the Borrower's shareholders or to any Affiliate of the Borrower or the Borrower's shareholders in their capacity as a shareholder.

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

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