Obligations and Payments Sample Clauses

Obligations and Payments. (a) Unless otherwise specified, all Obligations, including all Loans and any debit balance(s) in the Borrower's account(s), shall be payable on the Termination Date, or if earlier, the effective termination date of this Agreement. Recourse to the Collateral will not be required at any time. All credit balances or other sums at any time outstanding to the Borrower's credit and all reserves on the Lender's books, and all of the Borrowers property in the possession of the Lender at any time or in the possession of any parent, Affiliate or Subsidiary of the Lender, or in which the Lender or any parent, Affiliate or Subsidiary of any of them has a Lien or security interest, may be held and reserved by the Lender as security for all Obligations. (b) The Borrower recognizes that the amounts evidenced by checks, notes, drafts or any other items of payment relating to and/or proceeds of Accounts or Lease Payment Receivables may not be collectible by the Lender on the date received. The Lender shall only conditionally credit the Borrower's account(s) on the Lender's books at such time as the Lender receives such payment. In making computations under this Agreement, the settlement date for each payment received, and the date on which the corresponding Account or Lease Payment Receivable shall be deemed paid for purposes of calculating the Revolver Borrowing Base, shall be three (3) Business Days after the date on which the payment is actually received by the Lender, provided that such items of payment have been collected in good funds and finally credited to the Lender's account. The Lender shall not, however, be required to credit the Borrower's account for the amount of any item of payment which is unsatisfactory to the Lender in its reasonable discretion and the Lender may charge the Borrower's account(s) for the amount of any item of payment which is returned to the Lender unpaid. (c) All payments (including prepayments) of principal, interest and other amounts payable hereunder, or under any of the related agreements shall be made to the Lender, without set-off or counterclaim at the Lending Office not later than 1:00 p.m. (New York City time) on the due date therefor in lawful money of the United States of America in federal or other funds immediately available to the Lender. If any payment hereunder becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day, and, with respect to payments of pr...
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Obligations and Payments. 11.4.1 Except as otherwise specifically provided in this Agreement, in the event that one of the parties to this Agreement is in default with payments under this Agreement, it shall pay default interest at a rate per annum equal to Basiszinssatz plus 2% Interest shall be compounded quarterly and shall be calculated on the basis of actual days elapsed divided by 365. The right to claim further damages, if any, shall remain unaffected.
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Obligations and Payments 
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Related to Obligations and Payments

  • Disbursements and Payments Each disbursement by the Bank and each payment by the Borrower will be:

  • Advances and Payments (a) On the date of each Loan, the Administrative Agent shall be authorized (but not obligated) to advance, for the account of each of the Lenders, the amount of the Loan to be made by it in accordance with its Commitment hereunder. Should the Administrative Agent do so, each of the Lenders agrees forthwith to reimburse the Administrative Agent in immediately available funds for the amount so advanced on its behalf by the Administrative Agent, together with interest at the Federal Funds Effective Rate if not so reimbursed on the date due from and including such date but not including the date of reimbursement.

  • Fees and Payments Where permitted by the prospectus for a Fund, a charge, concession, or fee (each of the foregoing forms of compensation, a "Fee") may be paid to Bank, related to services provided by Bank in connection with Transactions in shares of such Fund. The amount of the Fee, if any, is set by the relevant prospectus. Adjustments in the Fee are available for certain purchases, and Bank is solely responsible for notifying FTDI when any purchase or redemption order is qualified for such an adjustment. If Bank fails to notify FTDI of the applicability of a reduction in the sales charge at the time the trade is placed, neither FTDI nor any of the Funds will be liable for amounts necessary to reimburse any Customer for the reduction which should have been effected. In accordance with the Funds' prospectuses, FTDI or its affiliates may, but are not obligated to, make payments from their own resources to Bank as compensation for certain sales that are made at net asset value ("Qualifying Sales"). If Bank notifies FTDI of a Qualifying Sale, FTDI may make a contingent advance payment up to the maximum amount available for payment on the sale. If any of the shares purchased in a Qualifying Sale are redeemed or repurchased within twelve months of the month of purchase, FTDI shall be entitled to recover any advance payment attributable to the redeemed or repurchased shares by reducing any account payable or other monetary obligation FTDI may owe to Bank or by making demand upon Bank for repayment in cash. FTDI reserves the right to withhold any one or more advances, if for any reason FTDI believes that FTDI may not be able to recover unearned advances. Termination or suspension of this Agreement does not relieve Bank from the requirements of this paragraph.

  • Distributions and Payments Section 4.01.

  • Statements and Payments The Fig Share and the Developer Royalty shall be paid by Developer and Fig, respectively, no later than thirty (30) days after the end of the calendar month in which the Gross Receipts are received by the applicable Party together with a statement detailing calculation of the Fig Share or the Developer Royalty, as applicable (including copies of payment statements from Distributors and calculation of any adjustment to reflect Third-Party Distributor terms as provided in the definition of Fig Share). Upon request, Distributor will provide Fig with access to real-time reporting posted or made available by any Distributor.

  • Deposits and Payments (a) If Ford Credit’s short term unsecured debt is rated at least “F1” by Fitch and at least “A-1” by Standard & Poor’s (this rating requirement, the “Monthly Deposit Required Ratings”), Ford Credit may deposit Collections on the Business Day preceding each Payment Date, or with satisfaction of the Rating Agency Condition, on each Payment Date.

  • Fees and Payment 4.1 For the advertising services provided by Mengju, the client shall pay the corresponding fees to Mengju in accordance with this agreement and the relevant advertising service orders.

  • Interest and Payments Borrower shall make payments in accordance with the Note at the rate set forth in the Note.

  • Invoices and Payments Within thirty (30) days after the end of each month in which Development Activities are performed, NovaDel shall invoice Licensee for any costs and expenses incurred by NovaDel or its Affiliates in such month. Each invoice shall be payable to NovaDel within thirty (30) days after invoice date.

  • Royalties and Payments 3.00 LICENSEE shall pay directly to LICENSOR a one-time milestone payment of sixty-five thousand US dollars ($65,000.00) upon the first FDA APPROVAL of a LICENSED PRODUCT. This fee shall be payable sixty (60) days after the date of FDA APPROVAL of a LICENSED PRODUCT.

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