Rate and Payment. Payment of balance is due prior to final delivery. A finance charge of (8%) percent per month, not to exceed the maximum rate allowable by law, shall be applied each month to past due balances. A handling charge of $30.00 will be assessed for each returned check. All payments are not refundable and not available for future credit purposes.
Rate and Payment. The rate of interest payable on a Tranche B Loan Advance for each Interest Period shall be the rate per annum determined by the Facility Agent to be the aggregate of:
Rate and Payment. From and after the date of issuance of a Series A-1 Preferred Unit, the record holder thereof (the “Holder”) shall be entitled to receive cash dividends, which shall be cumulative and shall accrue on the Base Amount of each Series A-1 Preferred Unit at the rate of eight percent (8%) per annum (accruing daily and compounding monthly until paid in full from the date of issuance of such Series A-1 Preferred Unit, whether or not declared, and subject to such rate increases as may be provided for herein) on the Base Amount (the “Series A-1 Mandatory Cumulative Dividends”), to the fullest extent permitted by applicable law; provided, however, that in lieu of paying such Series A-1 Mandatory Cumulative Dividends in cash on any one or more of the first eight (8) Dividend Payment Dates following the first date that any Series A-1 Preferred Units are issued by the Company, the Company shall have the option, at its sole and exclusive election, to pay all Series A-1 Mandatory Cumulative Dividends (including Series A-1 Mandatory Cumulative Dividends accruing on Series A-1 Preferred Units issued after such first date) by issuing a number of additional Series A-1 Preferred Units (or fraction thereof) to the Holders having a value equal to the Series A-1 Mandatory Cumulative Dividend payable to the Holders on such Dividend Payment Date (with each additional Series A-1 Preferred Unit so issued valued at the Original Issue Price, and with any fractional Series A-1 Preferred Unit so issued being proportionately valued). To the extent not paid in cash (including as a result of such dividend payment not being permitted by applicable law) or by issuance of additional Series A-1 Preferred Units, the Series A-1 Mandatory Cumulative Dividends on the Series A-1 Preferred Unit shall continue to accrue and compound whether or not declared. The Series A-1 Mandatory Cumulative Dividends shall be payable quarterly in arrears on each Dividend Payment Date, beginning, with respect to a Series A-1 Preferred Unit, with the first Dividend Payment Date following the date on which such Series A-1 Preferred Unit is issued; provided, that if any such day is not a Business Day, then payment of any dividend otherwise payable on that date will be made on the next succeeding day that is a Business Day (unless that day falls in the next calendar year, in which case payment of such dividend will occur on the immediately preceding Business Day), in each case, without any additional dividends accruing o...
Rate and Payment. 3.1 The Contractor shall submit to TRC a tax invoice fortnightly in line with TRC’s Contractor payment cycle (as amended from time to time) stating the Contractor’s ABN for the hours recorded in the timesheets at the rate specified in the Schedule and the payments on the tax invoice shall be GST inclusive but must show the amount of GST.
Rate and Payment. 3.1 TRC will pay the Contractor for the hours recorded in the timesheets at the rate specified in the Schedule (the “Fee”) in accordance with TRC’s Contractor payment cycle (as amended from time to time). The Fee is exclusive of GST.
Rate and Payment. Interest shall accrue at a rate per annum equal to 10% payable in immediately available funds and 1.65% payable by delivery of a promissory note in
Rate and Payment. A. Client agrees to pay Network as follows: 1. Fifteen and no/100 dollars ($15.00) per bicycle sold through television advertising, to be paid within 30 days from receipt of sales proceeds by Client. 2. Three and no/100 dollars ($3.00) per wheel assembly sold by Client, to be paid within 30 days from receipt of sales proceeds by Client. 3. Client agrees to pay the invoice attached hereto as Exhibit A for the production a thirty minute program on Client's bicycles and products.
Rate and Payment. Interest shall accrue at a rate per annum equal to 10% payable in immediately available funds and 1.65% payable by delivery on July 31 of each year of a promissory note in substantially the form of Exhibit A-2 hereto (a "PIK NOTE"). Interest at the rate of 10% shall be payable (i) on the last Business Day of each calendar month, commencing on July 31, 2001 and continuing thereafter until the Notes have been paid in full, (ii) upon any prepayment of any Note to the date of prepayment on the amount prepaid, and (iii) at maturity of the Note, whether by acceleration or otherwise. Notwithstanding anything else contained in this Section 2.04(a), the Company shall make payments with respect to the Notes in immediately available funds at such times and in such minimum amounts as are necessary for the Notes not to have "significant original issue discount" as that term is defined in Section 163(i) of the Code. For this purpose, the issue price of the Notes shall be computed by assuming that the fair market value of the Warrant is as set forth on the Purchaser Schedule hereto.
Rate and Payment. Licensee shall pay to Licensor an amount (the "License and Services Fee") calculated as twenty percent (20%) of Licensee's Gross Revenue; provided that, if Licensee, by notice to Licensor as provided in Section 10.2, assumes Licensor's obligations to perform the Services, the License and Services Fee will be calculated as five percent (5%) of Licensee's Gross Revenues, commencing with the Gross Revenues collected on and after the first day of the sixth (6e) month after the date of Licensee's notice to Licensor. As used herein, "Gross Revenue" means total revenue recognized, as applicable, by Licensee or its Affiliates in accordance with generally accepted accounting principles for and actually received by the Licensee and its Affiliates from the following: all sources, including collections from retailers on account of customerso orders and payments received from advertisers, concessions and sublicensees, and excluding only amounts refunded by Licensee or credited against Licensee's right to any future payment in the nature of a return. During the Term, Licensee shall pay the License and Services Fee for each calendar quarter, on or before the fifteenth day of the month following the end of the quarter, which payment will be accompanied by a statement by an officer of Licensee certifying the accuracy of the amount of Gross Revenues and any deductions therefrom for the quarter for which the payment is made.
Rate and Payment. The holders of record of shares of the Series A Preferred Stock, when and as declared by the Board of Directors out of any assets legally available therefor, shall be entitled to receive cumulative dividends at the rate per annum and per share equal to the Accrual Rate (as defined below) of the stated value per share of the Series A Preferred Stock. Such dividends shall be payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year ("Dividend Payment Dates") commencing January 1, 1998, until the earlier to occur of (i) the date of any conversion, exchange or redemption of the Series A Preferred Stock (but only with respect to those shares of Series A Preferred Stock so converted, exchanged or redeemed) or (ii) October 24, 2004 (the "Maturity Date"). Dividends on outstanding Series A Preferred Stock shall accrue from the date of original issuance of such Series A Preferred Stock. If the holders of record of shares of the Series A Preferred Stock do not receive on a Dividend Payment Date the full dividends provided for above, such dividends shall cumulate, whether or not earned or declared. Whenever, at any time or times, cash dividends shall be in arrears in an amount equal to six (6) full consecutive quarterly dividends, accrued and unpaid dividends shall be compounded quar-
