ADDITIONAL PAYMENTS AND DEPOSITS Clause Samples

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer- Vendor herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART–I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the Developer-Vendor herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the Developer-Vendor herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the Developer-Vendor herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non- payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor herein shall become entitled to exercise the rights on the Purchaser/s causing such default.
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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 The Purchaser shall also pay to the Builder, the Additional Payments mentioned in PART-I and PART-II of the SIXTH SCHEDULE hereto. 5.2 The Purchaser shall also pay to the Builder, the Mandatory Deposits/Advances/Extra costs mentioned in PART-III of the SIXTH SCHEDULE hereto. 5.3 The amounts of the Additional Payments and Mandatory Deposits / Advance / Extra Costs shall be paid by the Purchaser within 30 days of respective demands for the same or the date of Notice of Possession, whichever is earlier. 5.4 The Additional Payments and the Mandatory Deposits / Advance / Extra Costs are an integral part of the transaction and non-payment / delayed payment thereof shall also be an act of default on the part of the Purchaser and the Builder shall become entitled to exercise the Rights on Purchaser's Default contained in the NINTH SCHEDULE hereto.
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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1. The Purchaser/ s herein shall also pay to the OWNER Company being represented by i ts representative Director herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART - I and SECTION-A and SECTION-B of the SIXTH SCHEDULE hereunder written and/ or given.
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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 The Purchasers shall also pay the Additional Payments mentioned in Part-I of the Seventh Schedule hereto. 5.2 The Purchasers shall also pay the amounts of the Deposits mentioned in Part-II of the Seventh Schedule hereto. 5.3 Unless otherwise specified in this Memorandum including in the Seventh Schedule hereto, the amounts of the Additional Payments and Deposits shall be paid by the Purchaser within 7(seven) days of respective demands for the same or before the Date of Access, whichever is earlier. In the event of the Developer being unable to quantify any amount at the initial stage, the Purchasers shall make payment on the basis of the estimates made by the Developer. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s), the Purchasers shall pay the balance/further amount(s) demanded by the Developer within 7 days of demand. 5.4 The Additional Payments and the Deposits are an integral part of the transaction and non-payment/delayed payments thereof shall also result in default on the part of the Purchasers and the Vendors shall become entitled to exercise the Rights on Purchaser’s Default.
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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 The Purchaser shall also pay the Fixed Additional Payments mentioned in Part- II of the Third Schedule hereto together with applicable Service Tax thereon by negotiable instruments payable at Kolkata to the Developer. The Purchaser shall also pay to the Developer the Variable Additional Payments mentioned in Part-I of the Fourth Schedule hereto 5.2 The Purchaser shall also pay to the Developer and/or the Maintenance Agency the amounts of the Deposits mentioned in Part-II of the Fourth Schedule hereto together with applicable Service Tax thereon by negotiable instruments payable at Kolkata.
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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 The Purchaser shall also pay to the Seller the Additional Payments mentioned in Part-I of the 5.2 The Purchaser shall also pay to the Seller the amounts of the Deposits mentioned in Part-II of the Fourth Schedule hereto. 5.3 The amounts of the Additional Payments mentioned in Part I of the Fourth Schedule and the Deposits mentioned in Part-II of the Fourth Schedule shall be paid by the Purchaser as mentioned in the said Schedules. In the event of the Seller being unable to quantify any amount at the initial stage, the Purchaser shall make payment on the basis of the estimates made by the Seller. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s), the Purchaser shall pay the balance/further amount(s) demanded by the Seller within 7 days of demand. 5.4 The Additional Payments and the Deposits are an integral part of the transaction and non- payment/delayed payments thereof shall also result in default on the part of the Purchaser and the consequences mentioned in the Ninth Schedule hereto shall follow.
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Related to ADDITIONAL PAYMENTS AND DEPOSITS

  • Additional Payments (i) Anything in this Agreement to the contrary notwithstanding, if it is determined that any payment, award, benefit or distribution (or any acceleration of any payment, award, benefit or distribution) by the Company or any entity which effectuates a change in control (or other change in ownership) to or for the benefit of Executive would be subject to the excise tax imposed by Section 4999 of the Code (“EXCESS PARACHUTE PAYMENTS”), or any interest or penalties are incurred by Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “EXCISE TAX”), then the Company shall pay to Executive an additional payment (a “GROSS-UP PAYMENT”) in an amount equal to that required to result in Executive receiving, after application of the Excise Tax, a net amount that would have been received hereunder had the Excise Tax not applied. (ii) Subject to clause (i), all determinations required to be made under this Section, including whether and when a Gross-Up Payment is required, the amount of such Gross-Up Payment and the assumptions to be used in arriving at such determinations, shall be made by a public accounting firm that is selected by the Board (the “ACCOUNTING FIRM”) which shall provide detailed supporting calculations both to the Company and Executive within 15 business days of the receipt of notice from the Company or Executive that there has been a Excess Parachute Payment, or such earlier time as is requested by the Company or Executive (collectively, the “DETERMINATION”). All fees and expenses of the Accounting Firm shall be borne solely by the Company and the Company shall enter into any agreement requested by the Accounting Firm in connection with the performance of the services hereunder. The Gross-Up Payment under SECTION 3.2(c) with respect to any Excess Parachute Payments made to Executive shall be made no later than 30 days following such Excess Parachute Payment. (iii) As a result of the uncertainty in the application of Section 4999 of the Code at the time of the Determination, it is possible that Gross-Up Payments which will not have been made by the Company should have been made (“UNDERPAYMENT”) or Gross-Up Payments will be made by the Company which should not have been made (“OVERPAYMENT”), consistent with the calculations required to be made hereunder. If Executive thereafter is required to make payment of any Excise Tax or additional Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code) shall be promptly paid by the Company to or for the benefit of Executive. If the amount of the Gross-Up Payment exceeds the amount necessary to reimburse Executive for his Excise Tax, the Accounting Firm shall determine the amount of the Overpayment that has been made and any such Overpayment (together with interest at the rate provided in Section 1274(b)(2) of the Code) shall be promptly paid by Executive to or for the benefit of the Company. Executive shall cooperate, to the extent his expenses are reimbursed by the Company, with any reasonable requests by the Company in connection with any contest or disputes with the Internal Revenue Service in connection with the Excise Tax. The Company shall in any event pay any Underpayment due to Executive no later than 15 days after the earlier of (A) the Company’s receipt of Executive’s notice of the amount of related taxes to be paid, or (B) Executive’s remittance of the related taxes to the applicable taxing authority; provided that any reimbursement required under this SECTION 3.2(c) of expenses incurred by Executive due to a tax audit or litigation addressing the existence or amount of a tax liability shall be paid no later than 15 days after the earlier of (X) Executive’s presentation of a statement of any such expense, or (Y) the taxes that are the subject of such contest are remitted to the applicable taxing authority, or where as a result of the audit or contest no taxes are remitted, the date on which the audit is completed or there is a final and nonappealable settlement or other resolution of the contest.

  • Additional Deposits (a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables. (b) The proceeds of any purchase or sale of the assets of the Trust described in Section 10.1 shall be deposited in the Collection Account.

  • Additional Deposits and Payments (a) On the date specified in Section 3.6 hereof or Section 3.4 of the Purchase Agreement, as applicable, the Servicer and Santander Consumer, as applicable, will deposit into the Collection Account the aggregate Repurchase Price with respect to Repurchased Receivables purchased or repurchased by the Servicer or Santander Consumer, respectively, on such date, and on the Payment Date specified in Section 8.1, the Servicer will deposit into the Collection Account all amounts, if any, to be paid under Section 8.1. All such deposits with respect to any such date which is a Payment Date will be made, in immediately available funds by noon, New York City time, on the Business Day immediately preceding such Payment Date related to such Collection Period. (b) The Indenture Trustee will, on or before the Payment Date relating to each Collection Period, withdraw from the Reserve Account the Reserve Account Draw Amount and deposit such amounts in the Collection Account in accordance with the Servicer’s Certificate. (c) The Indenture Trustee will, on each Payment Date, withdraw from the Reserve Account (i) all investment earnings (net of investment losses and expenses on funds on deposit in the Reserve Account during the related Collection Period) and distribute such investment earnings to the Servicer and (ii) the Reserve Account Excess Amount, if any, for such Payment Date and deposit such amount in the Collection Account. (d) On the Closing Date the Seller will cause the amount available in the Reserve Account to equal the Initial Reserve Account Deposit Amount through a cash deposit from proceeds of the sale of the Notes. (e) On or prior to the third Business Day preceding each Determination Date, the Relevant Trustee shall send a written notice, or make such information available electronically, to the Servicer stating the amount of investment income earned, if any, during the related Collection Period on each Trust Account maintained at the Relevant Trustee.

  • Payments and Collections All funds received by the Agent in respect of any payments made by any Borrower on the Term Notes shall be distributed promptly on the date of receipt thereof by the Agent among the Banks, in like currency and funds as received, ratably according to each Bank’s Term Loan Percentage. All funds received by the Agent in respect of any payments made by any Borrower on the Revolving Notes, Revolving Commitment Fees or Letter of Credit Fees shall be distributed promptly on the date of receipt thereof by the Agent among the Banks, in like currency and funds as received, ratably according to each Bank’s Revolving Percentage. After any Event of Default has occurred, all funds received by the Agent, whether as payments by the Borrowers or as realization on collateral or on any guaranties, shall (except as may otherwise be required by law) be distributed by the Agent in the following order: (a) first to the Agent or any Bank that has incurred unreimbursed costs of collection with respect to any Obligations hereunder, ratably to the Agent and each Bank in the proportion that the costs incurred by the Agent or such Bank bear to the total of all such costs incurred by the Agent and all Banks; (b) next to the Agent for the pro rata account of (i) the Banks (in accordance with their respective Total Percentages) for application on the Notes and (ii) the Rate Protection Providers (in accordance with their outstanding and owed Rate Protection Obligations) for application on the Rate Protection Agreements; (c) next to the Agent for the account of the Banks (in accordance with their respective Revolving Percentages) for any unpaid Revolving Commitment Fees or Letter of Credit Fees owing by the Borrowers hereunder; and (d) last to the Agent to be held in the Holding Account to cover any outstanding Letters of Credit.

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related ▇▇▇▇ of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.