Accelerated Payment Clause Samples
POPULAR SAMPLE Copied 1 times
Accelerated Payment. If NEM elects to terminate this Agreement due to an Event of Default by Opal, then NEM shall calculate (without duplication) (i) the remaining portion (if any) of the Minimum RIN Volume and the Minimum LCFS Volume for the relevant Quarter in which such termination occurs that Opal has not Transferred to NEM as of the effective date of termination, (ii) if such termination occurs within ninety (90) days of the end of the Initial Term or the then-current Renewal Term and neither Party had previously elected to not renew this Agreement as contemplated in Section 2.1, the Minimum RIN Volume and the Minimum LCFS Volume for each of the four (4) Quarters in the immediately following Renewal Term, and (iii) if such termination occurs during the Initial Term, the Minimum RIN Volumes and the Minimum LCFS Volumes for all of the remaining Quarters in the Initial Term (together, the “Remaining Contract Volume”). NEM shall calculate the amount of the payment to be made by Opal to NEM (the “Accelerated Payment”) as the sum of: (i) the then-current Index Price per RIN or LCFS Credit (as applicable) multiplied by the Remaining Contract Volume (by type of Environmental Attribute) multiplied by the NEM Commodity Discount plus (ii) $[*] per RIN or LCFS Credit (as applicable).
Accelerated Payment. In variance with Section 2.2(b) and 2.2(c), ▇▇▇▇▇▇ shall be required to pay immediately to Vendors the maximum Escrow Amount or, as the case may be, the maximum aggregate Earn-Out Amounts, following deduction of any such amounts already paid to Vendors, in the event and at the time:
(a) ▇▇▇▇▇▇ shall dispose of all or a substantial part of the operations of the Company and the Subsidiaries or the Shares other than to a member of the HHGI Group; or
(b) the Company and the Subsidiaries shall be involved in any merger with any member of the HHGI Group or any third party as a result of which the Company and its Subsidiaries can no longer operate on a stand-alone basis, whereby (i) such action cannot be deemed to be commercially reasonable in light of the market and economic conditions affecting the Company’s business or operations at that time or (ii) has the effect of decreasing the amount of the Escrow or the Earn-Out Amount, as the case may be; or
(c) ▇▇▇▇▇▇ shall implement a material change to the ordinary and usual course of business as conducted by Vendors on the Closing Date, whereby (i) such change cannot be deemed to be commercially reasonable in light of the market and economic conditions affecting the Company’s business or operations at the time of such change or (ii) has the effect of decreasing the amount of the Escrow or the Earn-Out Amount, as the case may be (each, a “Material Change”). Sections 2.4 and 3.4 are applicable to a payment of the Purchase Price as a result of a Material Change.
Accelerated Payment. All moneys owing by the Customer to QC shall be immediately due and payable by the Customer to QC without demand if:
10.1 Any information supplied by the Customer in applying for credit is incorrect or misleading;
10.2 There is a material adverse change in the financial position or credit worthiness of the Customer;
10.3 Any judgment, execution or other process of any Court is issued against or levied upon the Customer and that judgment, execution or other process is not dismissed, or withdrawn within 7 days from the date of the judgment, or issue or levy of the execution or other process;
10.4 Any Controller, Receiver, Receiver and Manager, Voluntary Administrator, Provisional Liquidator, Liquidator or Trustee in Bankruptcy is appointed to the Customer; or
10.5 Any application is made to the Court for an order that the Customer be made bankrupt or be wound up.
Accelerated Payment. Each Customer shall pay all accounts payable to Supplier for Component Parts existing on the Effective Date and those arising on or after the Effective Date of this Agreement and through the end of the Term on accelerated payment terms of 28 days sooner than the payment terms in place prior to the Effective Date, subject to Permitted Setoffs.
Accelerated Payment. In case an Event of Default shall have occurred and be continuing, then, upon written demand of Lender, Borrower will pay to Lender the whole amount which then shall have become due and payable upon the Note, for principal or interest or both, as the case may be, and will also pay to Lender interest at the Involuntary Rate on the then unpaid principal of the Note, and the sums required to be paid by Borrower pursuant to any provision of this Mortgage, and, in addition thereto, such further amount as shall be sufficient to cover the costs and reasonable expenses of collection, including reasonable compensation to Lender, its agents and counsel and any reasonable expenses incurred by Lender hereunder. In the event Borrower shall fail forthwith to pay such amounts upon such demand, Lender shall be entitled and empowered to institute such action or proceedings at law or in equity as may be advised by its counsel for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against Borrower and collect, out of the property of Borrower wherever situated, as well as out of the Mortgaged Property, in any manner provided by law, moneys adjudged or decreed to be payable.
Accelerated Payment. The Executive shall receive the payments and benefits to which he is entitled pursuant to subsection 4(e) of Appendix B of the Employment Agreement, dated January 30, 2011 and effective as of January 1, 2012, between Prologis and the Executive (the “Employment Agreement”) in accordance with the terms and subject to the conditions thereof.
Accelerated Payment. The Company shall be entitled to repay the Principal Sum at any time after 21 January, 1998, in whole or in part, together with interest accrued thereon to the date of repayment, without penalty.
Accelerated Payment. If, prior to a Change of Control, the Independent Contractor (a) becomes unable to provide services to the Corporation, either due to prolonged sickness, permanent disability or death, or (b) the Corporation terminates the Independent Contractor without Cause (as defined below), or the Independent Contractor terminates his services with the Corporation for Good Reason (as defined below), then the Independent Contractor shall be entitled to receive the Change of Control Payment.
Accelerated Payment. If either Shipper or Ultra Petroleum Corp. is acquired by a non-investment grade company with a credit rating less than BB- as stated by Standard & Poor’s, Rockies Express shall have the sole and exclusive right to require all future reservation charge payments under this Agreement from Shipper to become immediately due. For the sake of clarity, if the acquirer has an investment rating of BB- or better, Rockies Express shall have no right to accelerate. If Shipper’s reservation charge payments are accelerated in accordance with this paragraph and the Shipper timely pays the same, then the Shipper may continue to receive service in accordance with this Agreement and the Transportation Agreement provided that it timely pays all applicable volumetric charges and surcharges, including without limitation Fuel and Loss Reimbursement retainages, Power Cost Reimbursement Charges, authorized and unauthorized overrun charges, commodity rates/charges/surcharges, ACA surcharges and other applicable surcharges in accordance with the Tariff.
Accelerated Payment. Customer shall pay all accounts payable to Supplier for Component Parts existing on the Effective Date and those arising on or after the Effective Date of this Agreement on accelerated payment terms of For the avoidance of doubt, effective January 1, 2021, payment terms will revert to the standard payment terms between Supplier and Customer set forth in the applicable Purchase Orders. Price Accommodations.