Differential Payment Sample Clauses

Differential Payment. PROVIDER understands that subject to appropriation by the Legislature, the PROVIDER may receive a differential payment based on the PROVIDER’s performance designation in accordance with s. 1002.68(4)(e), F.S.
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Differential Payment. A night shift employee shall be paid a weekly night shift differential in an amount equal to ten percent (10%) of the employee’s basic weekly wage rate. The daily night shift differential shall be one-fifth (1/5) of the weekly differential.
Sample 1Sample 2Sample 3
Differential Payment. As of the Measurement Date, the Stockholder shall calculate the amount equal to (X) the last sale price of a share of Common Stock traded on the Nasdaq National Market on the trading day immediately preceding the Measurement Date, multiplied by (Y) the number Closing Shares issued to Stockholder (such amount, the “Proceeds”). Stockholder shall notify the Company of the amount of the Proceeds not later than the fifth business day following the Measurement Date. If the Proceeds exceeds $7,700,000.00, then the Stockholder shall pay to the Company not later than the fifteenth business day following the Measurement Date an amount in cash by wire transfer, or delivery of other immediately available funds, equal to the excess of the Proceeds over $7,700,000.00. If the Proceeds are not equal to at least $6,300,000, then the Company shall pay to the Stockholder not later than the fifteenth business day following the Measurement Date an amount in cash by wire transfer, or delivery of other immediately available funds, equal to the amount by which the Proceeds are less than $6,300,000.00. If the Proceeds are at least $6,300,000.00 but not greater than $7,700,000.00, no differential payment in respect of the Proceeds shall be payable by either the Stockholder or the Company
Sample 1
Differential Payment. With respect to any particular Product, if GENE’s Late Contribution Level is greater than its Early Contribution Level, it shall pay Amgen the ***** the Early Development Costs due pursuant to its election under Section 4.2 and those Early Development Costs that it would have paid had it contributed to Early Development Costs at the Late Contribution Level (the “Differential Payment”), ***** which will be the greater of (i) such Differential Payment ***** or (ii) $***** if GENE increases its contribution from ***** $***** if GENE increases its contribution from *****%. Any such Differential Payment ***** shall be paid by GENE within thirty (30) days of GENE providing its notice of election to contribute to Late Development Costs pursuant to Section 4.3.
Sample 1
Differential Payment. (a) In the event that a transaction resulting from an Applicable Takeover Proposal (as hereinafter defined) is consummated during the Restricted Period (as hereinafter defined), then the Stockholder shall pay to Alcatel an amount (the "Differential Payment"), equal to 90% of the difference between (x) the Takeover Transaction Consideration (as hereinafter defined) paid to the Stockholder pursuant to the terms of such Applicable Takeover Proposal minus (y) the fair market value of the Merger Consideration which would have been payable to the Stockholder pursuant to the Merger Agreement.
Sample 1

Related to Differential Payment

  • Initial Payments § 11.10.1.1 An initial payment of « » ($ « » ) shall be made upon execution of this Agreement and is the minimum payment under this Agreement. It shall be credited to the Owner’s account in the final invoice.

  • Partial payments (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

  • Delinquent Payments 8F.01 Timely payment of wages and contributions to all trust funds provided for in this Agreement is essential for the protection of the beneficiaries. Delinquency and continued failure to pay wages and/or remit contributions to the trust funds shall be dealt with as follows:

  • Partial Payment If in any distribution described in Section 4(a) above the assets of the Issuer or proceeds thereof are not sufficient to pay in full the amounts payable with respect to all outstanding shares of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution, holders of Designated Preferred Stock and the holders of such other stock shall share ratably in any such distribution in proportion to the full respective distributions to which they are entitled.

  • Breakage Payments In the event of (a) the payment or prepayment, whether optional or mandatory, of any principal of any Eurodollar Loan earlier than the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan earlier than the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Revolving Loan or Term Loan on the date specified in any notice delivered pursuant hereto or (d) the assignment of any Eurodollar Loan earlier than the last day of the Interest Period applicable thereto as a result of a request by Borrower pursuant to Section 2.16(b), then, in any such event, Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBOR Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the Eurodollar market. A certificate of any Lender setting forth in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.13 shall be delivered to Borrower (with a copy to the Administrative Agent) and shall be conclusive and binding absent manifest error. Borrower shall pay such Lender the amount shown as due on any such certificate within 5 days after receipt thereof.

  • Initial Payment Interconnection Customer shall elect (and provide its election to the Transmission Provider within five days of the commencement of negotiation of the GIA pursuant to Section 11.2 of the GIP) to make either 1) an initial payment equal to twenty (20) percent of the total cost of Network Upgrades, Transmission Owner Interconnection Facilities, Transmission Owner’s System Protection Facilities, Distribution Upgrades and/or Generator Upgrades (if the In-Service Date is less than or equal to five (5) years of the initial payment date); or 2) an initial payment equal to ten (10) percent of the total cost of Network Upgrades, Transmission Owner Interconnection Facilities, Transmission Owner’s System Protection Facilities, Distribution Upgrades and/or Generator Upgrades (if the In-Service Date exceeds the initial payment date by more than five (5) years); or 3) the total cost of Network Upgrades, Transmission Owner Interconnection Facilities, Transmission Owner’s System Protection Facilities, Distribution Upgrades and/or Generator Upgrades in the form of security pursuant to Article 11.6. The initial payment shall be provided to Transmission Owner by Interconnection Customer pursuant to this Article 11.5 within the later of a) forty-five (45) Calendar Days of the execution of the GIA by all Parties, or b) forty-five (45) Calendar Days of acceptance by FERC if the GIA is filed unexecuted and the payment is being protested by Interconnection Customer, or c) forty-five (45) Calendar Days of the filing if the GIA is filed unexecuted and the initial payment is not being protested by Interconnection Customer. If the Interconnection Customer made its milestone payments in the form of cash and the Interconnection Customer elects a cash initial payment, then the Transmission Provider shall transfer those funds to the Transmission Owner on the Interconnection Customer’s behalf.

  • Excess Payments If Tenant shall assign this Lease or sublet any part of the Premises for consideration in excess of the pro-rata portion of Rent applicable to the space subject to the assignment or sublet, then Tenant shall pay to Landlord as Additional Rent 50% of any such excess immediately upon receipt.

  • Price Differential a. On each Business Day that a Transaction is outstanding, the Pricing Rate shall be reset and, unless otherwise agreed, the accrued and unpaid Price Differential shall be settled in cash on each related Price Differential Payment Date. Two Business Days prior to the Price Differential Payment Date, Buyer shall give Seller written or electronic notice of the amount of the Price Differential due on such Price Differential Payment Date. On the Price Differential Payment Date, Seller shall pay to Buyer the Price Differential for such Price Differential Payment Date (along with any other amounts to be paid pursuant to Sections 7 and 35 hereof), by wire transfer in immediately available funds.

  • Upfront Payments Within ten (10) days of the Effective Date, Celgene shall pay Acceleron Twenty-Five Million U.S. Dollars ($25,000,000) as an upfront, non-creditable, nonrefundable fee, relating to the license grants set forth in Article 4.

  • Mandatory Payments The Loans shall be subject to mandatory repayment or prepayment (in the case of any partial prepayment conforming to the requirements as to the amounts of partial prepayments set forth in Section 2.13(a) above), and the LC Outstandings shall be subject to cash collateralization requirements, in accordance with the following provisions:

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