Amount and date of payment Sample Clauses

Amount and date of payment. 4.1 The Sellers shall make payment in full of any amount or amounts falling within paragraph 2 so that each such payment is received by the Due Date. been received by the Buyer. um payable by the Sellers under this Agreement is subject to Tax in the he Sellers shall pay to the Buyer such additional amount or amounts as nt to and retention by the Buyer of the full amount which would have be ained by the Buyer but for such charge to Tax and, in applying this para shall be taken of the extent to which any liability for Tax may be mitiga Relief available to the Buyer so that where any such Relief is available t payable under this paragraph shall be the amount which would have b ence of such availability. If the Buyer assigns the benefit of this Tax Cov ent, the Sellers shall not be liable pursuant to this paragraph 4.3, save t ers would have been so liable had no such assignment occurred. xxxxxx fail to make any payment due under this Schedule 5 by the date f determined under this paragraph 4 then, except to the extent that the aragraph 2 compensates the Buyer for the late payment by virtue of its and penalties, the Sellers shall pay to the Buyer interest on the amount nt for the time being unpaid at the rate of 2% above the base rate for th ays Bank plc from the date for payment determined under this paragra yment is received. ct of Tax Claims r the Buyer or the Company becomes aware of any Tax Claim which giv venant Claim, the Buyer shall (but, without prejudice to any right of the amages, not as a condition precedent to the liability of the Sellers hereu o be given written notice of such Tax Claim to the Sellers as soon as rea ble. er should become aware of a Tax Claim for whatever reason the Seller n writing as soon as reasonably practicable and the Buyer shall be deem he Sellers notice of the Tax Claim on receipt of such notification for the agraph 5. quested in writing by the Sellers, and subject to paragraphs 5.4 and 5.5 ke or procure that the Company takes such action as the Sellers may re to avoid, reduce, dispute, resist, appeal, compromise or defend a Tax neither the Buyer nor the Company shall be required to delegate the co action to the Sellers or to any professional agent of the Sellers; the Sellers indemnify and keep indemnified the Buyer and the Compan manner as the Buyer shall reasonably require against any and all reaso proper third party losses, costs, damages and expenses, including any
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Amount and date of payment

  • Date of payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.

  • Rate of Payment F9.16 While an employee is on a period of purchased leave the employee will be paid at the rate of pay used to calculate the employee’s deduction.

  • Amount of Payment The “Early Termination Payment” payable to a Member pursuant to Section 4.3(a) shall equal the present value, discounted at the Early Termination Rate as determined as of the Early Termination Reference Date, of all Tax Benefit Payments that would be required to be paid by the Corporation to such Member, whether payable with respect to Units that were Exchanged prior to the Early Termination Effective Date or on or after the Early Termination Effective Date, beginning from the Early Termination Effective Date and using the Valuation Assumptions. For the avoidance of doubt, an Early Termination Payment shall be made to each Member, regardless of whether such Member has Exchanged all of its Units as of the Early Termination Effective Date.

  • Time of Payment Any Gross-Up Payment provided for herein shall be paid not later than the 30th day following the payment of any compensation or the provision of any benefit which causes such payment to be made; provided, however, that if the amount of such payment cannot be finally determined on or before such day, the Company shall pay on such day an estimate of the minimum amount of such payment and shall pay the remainder of such payment (together with interest calculated in a manner similar to that described in Subparagraph (b)) as soon as the amount thereof can be determined. In the event that the amount of an estimated payment exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by the Company to the Executive, payable on the 30th day after demand by the Company (together with interest calculated in a manner similar to that described in Subparagraph (b)).

  • Schedule of Payment An employee shall be paid at his/her assigned building or by mail on the following dates listed below: September 15 and 30, 2016 September 15 and 30, 2017 October 15 and 30, 2016 October 15 and 30, 2017 November 13 and 30, 2016 November 13 and 30, 2017 December 15 and 31, 2016 December 15 and 31, 2017 January 15 and 29, 2017 January 15 and 29, 2018 February 15 and 29, 2017 February 15 and 29, 2018 March 15 and 31, 2017 March 15 and 31, 2018 April 15 and 29, 2017 April 15 and 29, 2018 May 15 and 31, 2017 May 15 and 31, 2018 June 15 and 30, 2017 June 15 and 30, 2018 July 15 and 29, 2017 July 15 and 29, 2018 August 15 and 31, 2017 August 15 and 31, 2018

  • RATES OF PAYMENT B3.1 Current Contract Rates. Included Timber that is removed by Purchaser and presented for Scaling in the product form stated in A2 shall be paid for at Current Contract Rates determined under this Section. “Current Contract Rates” shall be (a) Flat Rates and (b) Tentative Rates adjusted by the escalation procedures in B3.2. Flat Rates and Tentative Rates shall be those listed in A4, unless superseded by rates redetermined under B3.3 or established for Contract Term Extension. In addition, Re- quired Deposits shall be made as listed in A4, C5.32, and C6.816, or established under B3.3 or B8.23. In the event Termination Date is adjusted under B8.21 or B8.212, Current Contract Rates shall be contin- ued in the same manner as immediately prior to the ad- justment period. Notwithstanding B8.23, Current Contract Rates for timber cut and removed from Sale Area that remains un- scaled after Termination Date, as adjusted or extended, shall be Current Contract Rates in effect on Termination Date. “Current Contract Value” is the sum of the products of Current Contract Rates and estimated remaining un- scaled volumes by species of Included Timber meeting Utilization Standards.

  • Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to Transactions entered into under this Agreement unless otherwise specified in a Confirmation.

  • Notice of Payment of Termination Payment As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

  • Schedule of Payments The City shall pay the Company and amount of $75,000.00 within 60 days after the Company has complied with all of the conditions in Section 2(a) (Prerequisites to Payments).

  • Facility of Payment If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Time is Money Join Law Insider Premium to draft better contracts faster.