Alternative to Payment Sample Clauses

The "Alternative to Payment" clause provides parties with an option to fulfill a financial obligation through means other than direct monetary payment. In practice, this might allow a debtor to deliver goods, provide services, or transfer assets as a substitute for paying cash. This clause is particularly useful in situations where liquidity is an issue or where both parties agree that a non-monetary solution is mutually beneficial. Its core function is to introduce flexibility into contractual payment terms, thereby facilitating performance and reducing the risk of default due to cash flow constraints.
Alternative to Payment. As a alternative to the payment provided for in Article 26.1, the Company can pay the difference between this payment and the amount of all compensation which may be provided for by the Law, dealing with persons captured, taken prisoner, confined taken hostage or missing in action following acts of war.
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Alternative to Payment. As an alternative to payment in full by the Optionee for the number of shares in respect of which an Incentive Option is exercised, the Committee may provide alternative settlement methods as follows: (i) The Committee, in its discretion, may provide in the initial grant of any Incentive Option, that the Optionee may elect either of the alternative settlement methods set forth in subsection (ii) below. (ii) The alternative settlement methods are for the Optionee, upon exercise of the Incentive Option, to receive from the Company: (1) cash in an amount equal to the excess of the value of one share over the option price times the number of shares as to which the option is exercised; or (2) the number of whole shares having an aggregate value not greater than the cash amount calculated under Section 5.1(d)(ii)(1). For purposes of determining an alternative settlement, the value per share shall be the "fair market value" determined under the methods set forth in Section 5.1(f) hereof, applied as of the date of the exercise of the Incentive Option, or such other price as the Committee shall determine to be the fair market value of the Common Stock on the date of exercise. An election of any of the alternative settlement methods provided for under Section 5.1(d)(ii) shall be binding on the Optionee, when made. The Optionee may elect to what extent the alternative settlement method elected shall be paid in cash, in Common Stock, or partially in Common Stock, provided that the aggregate value of the payments shall not be greater than the cash amount calculated under Section 5.1(d)(ii)(1). No fractional shares of Common Stock shall be issued, and the Committee shall determine whether cash shall be paid in lieu of such fractional share interest or whether such fractional share interest shall be eliminated.
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Alternative to Payment. As an alternative to the payment provided for in Article the Company may pay the difference between said payment and the amount of any compensation that would be provided for under any law covering persons who are captured, made prisoner, confined, held hostage or missing as a consequence of acts of war. Union Dues Company agrees to deduct union dues, as stipulated in the Union's bylaws, and to deliver these dues, by ▇▇▇▇▇▇, to the authorized Union representative with a list of members' names and the amounts deducted. dues shall be deducted as of the first pay period following the first thirty (30) consecutive calendar days of service completed in accordance with the Agreement. All union dues for any given month shall be given to the Union on the of the following month. As per the Canada Labour Code, the union dues are not the property of the Company. ▇▇▇▇▇ agrees to fully reimburse the Company and to cover it against all claims, without exception, concerning all deductions and payments made according to the terms herein. deductions must appear on the and forms, as per the different regulations of the government departments I
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Alternative to Payment. As an alternative to the payment provided for in Article the Company may pay the difference between said payment and the amount of any compensation that would be provided for under any law covering persons who are captured, made prisoner, confined, held hostage or missing as a consequence of acts of war. Newly hired maintenance employees shall be asked to provide the Company instructions relating to this article according to the form included in Article This form shall be returned to the Company as soon as possible. The instructions specified in Article shall essentially be carried out as follows:
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Related to Alternative to Payment

  • FEES AND PAYMENT SCHEDULE The fees and payment schedule for furnishing services under this Contract shall be based on the rate schedule which is attached hereto as Exhibit B and by this reference incorporated herein. Said fees shall remain in effect for the entire term of the Contract. Contractor shall provide County with his/her/its Federal Tax I.D. number prior to submitting the first invoice.

  • Consideration and Payment The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

  • Calculation and Payment Interest on LIBOR Loans and all other Obligations and the amount of any fees set forth in Subsection 1.4 shall be calculated on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Interest on the Base Rate Loans shall be calculated on the basis of a three hundred sixty-five or -six (365-6) day year for the actual number of days elapsed. The date of funding or conversion to a Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of any Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest; provided, if a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged. Interest accruing on the Base Rate Loan is payable in arrears on each of the following dates or events: (i) the last day of each calendar quarter; (ii) the prepayment of such Loan (or portion thereof); and (iii) the applicable Maturity Date or the Revolving Loan Expiration Date, as the case may be, whether by acceleration or otherwise. Interest accruing on each LIBOR Loan is payable in arrears on each of the following dates or events: (i) the last day of each applicable Interest Period; (ii) if the Interest Period is longer than three (3) months, on each three-month anniversary of the commencement date of such Interest Period; (iii) the prepayment of such Loan (or portion thereof); and (iv) the applicable Maturity Date or the Revolving Loan Expiration Date, as the case may be, whether by acceleration or otherwise.

  • Termination and Payment Upon any termination or expiration of this Agreement, Client shall pay all unpaid and outstanding fees through the effective date of termination or expiration of this Agreement. And upon such termination, Consultant shall provide and deliver to Client any and all outstanding services due through the effective date of this Agreement.

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Prime Rate Loan and Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be. (b) Interest on the outstanding principal amount from time to time of each LIBOR Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 360. (c) Accrued interest shall be paid, (i) in the case of interest on Prime Rate Loans and Base Rate Canada Loans, in arrears monthly on the 22nd day of each calendar month; and (ii) in the case of interest on LIBOR Loans, on the last day of the applicable Interest Period; provided that, in the case of Interest Periods of a duration longer than three months, accrued interest shall be paid no less frequently than every three months from the first day of such Interest Period during the term of such Interest Period and on the date on which such LIBOR Loans are otherwise required to be repaid.