Amount and Duration Sample Clauses

The 'Amount and Duration' clause defines the specific sum to be paid and the time period over which payments or obligations are to be fulfilled under an agreement. Typically, this clause will state the total amount due, the schedule or frequency of payments, and the start and end dates for these obligations. By clearly outlining both the financial commitment and its timeframe, this clause ensures that both parties understand their responsibilities, reducing the risk of disputes over payment terms or contract length.
Amount and Duration. The Company will pay the employees 95 percent of the job rate of the job on which they last worked in the workweek immediately prior to their starting of such training, during the training period only, which, of course, may be for a period less than the maximum specified below. In addition, the Company will assume all other costs of retraining. Such retraining may be offered and accepted on one or more occasions for a total number of weeks which is equal to but cannot exceed the number of weeks equal to the number of full years of continuous service. Either the employees or the Company may discontinue the retraining at any time, in which event, the employees may exercise their rights provided elsewhere in the Agreement.
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Amount and Duration. The liability of the Reinsurer for all cessions under this Agreement shall cease at the same time as the liability of the Company ceases and shall not exceed the Company's contractual liability under the terms of its policies. The Reinsurer is not liable for extracontractual damages, such as punitive damages, bad faith damages or other damages which may arise from the acts or omissions of the Company in its conduct with its own insured, policyowner, beneficiary or assignee of the policy or others. Notwithstanding the foregoing, the Reinsurer at its option, on fifteen (15) days notice to the Company in writing, may terminate its liability for any reinsurances for which the reinsurance premiums have not been paid within sixty (60) days after billing. Currency All cessions under this Agreement shall be effected in the same currency as the original policy and the premiums and liabilities shall be expressed and payable in that currency. Taxes and Expenses Apart from any taxes, allowances, commissions, refunds, and expenses specifically referred to elsewhere in this Agreement, no commissions, allowances, taxes or proportion of any expense shall be paid by the Reinsurer to the Company in respect of any cession.
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Amount and Duration. (A) If an energy audit identifies sufficient energy savings, as set forth in Section 2(A), MEA will make available to XXXX College, consistent with this Agreement, a Grant Award of fifty percent (50%) of the College’s cost of energy improvement project installation, up to a Total Grant Award of Twenty Thousand Dollars ($20,000). (B) If an energy audit does not identify sufficient energy savings, as set forth in Section 2(A), MEA will make available to XXXX College, consistent with this Agreement, a Total Grant Award of up to Twenty Thousand Dollars ($20,000) to reimburse XXXX College for its cost, or a portion of its costs, to obtain the energy audit. (C) The Effective Date of this Agreement is the date that the properly executed Agreement is received by MEA, as determined by the official MEA date stamp on the first page of the Agreement. (D) Unless an extension is permitted as described below, all Phase I activities must be completed by no later than June 30, 2021 with all Phase I documentation completed and submitted to MEA by no later than September 30, 2021. Extensions may be requested in writing in advance of a deadline, but are not guaranteed. Extensions shall only be permitted for good cause shown, such as circumstances outside of College’s control, as determined solely by MEA in writing.
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Amount and Duration. 1. Spousal support shall be $ per month. 2. Date payment begins: . 3. Spousal support shall be paid for: (Circle one) a. A definite period, until . (Day) (Month) (Year) b. An indefinite period. c. Until a court order terminates spousal support. 4. Spousal support will also terminate upon remarriage of the party receiving support or the death of either party. The term “remarriage” can be defined to include cohabitation. Will the definition of remarriage include cohabitation? a. No b. Yes. If yes, cohabitation will be defined in terms of: (Circle one) i. The party receiving spousal support’s habitual cohabitation with an unrelated member of the opposite sex for consecutive days. ii. The party receiving spousal support’s habitual cohabitation with an unrelated member of the opposite sex for various periods of time totaling days in any consecutive months.
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Amount and Duration. Somanetics shall pay CORrestore a royalty fee equal to 9% of the "net sales" (as defined in Section 4.1.3), and shall pay to Wolf▇ & ▇ompany a royalty fee of 1% of the "net sales", of the Products received by Somanetics within (1) the term of the Patent, or (2) if the Patent is determined to be invalid by a court of appropriate jurisdiction, 10 years from the date of the first commercial sale or license of the Products by Somanetics. Somanetics' obligation to pay this royalty will also terminate upon any termination of the Licenses.
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Amount and Duration. 1.1 The loan amounts under this Contract are stated below: (Monetary Unit: RMB Yuan) Note: the loan amount for 2018 shall be subject to the sum actually paid by Party B on Party A’s behalf. 1.2 The duration of each loan under this Contract shall be ten (10) years as from the year when each loan amount is paid by Party B on Party A’s behalf. The actual duration of each loan shall be subject to the date when the funds loaned from Party B are actually remitted to Party A’s account.
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Amount and Duration. This Agreement shall be unlimited as to amount or duration.
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Amount and Duration. The Letter of Credit shall be a one year irrevocable Letter of Credit in the amount of $116 million, effective on the closing date of the Transactions, renewable annually in the amount of $116 million. The Letter of Credit shall permit partial draws. The amount of the Letter of Credit will be reduced from $116 million to $58 million on June 15, 2002 if all Required Contributions due to the Plan through June 1, 2002 have been made. Thereafter, the Letter of Credit in the amount of $58 million will remain in effect until all Required Contributions due to the Plan on June 1, 2003 have been made. If all Required Contributions due to the Plan on June 1, 2003 are made prior to the due date, the Letter of Credit will by returned to RJR.
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Amount and Duration. BW shall cause a financial institution reasonably ------------------- acceptable to PBGC to issue for the benefit of PBGC, in form, scope and substance reasonably acceptable to PBGC, in the amount of $15,000,000. The Letter of Credit shall have a term of not less than one year, shall be irrevocable and shall be renewable for successive periods of at least one year following expiration until drawn down in whole or in part, subject to the termination provisions set forth below. Additionally, PBGC acknowledges and agrees that the Letter of Credit attached as Exhibit A hereto, including the financial institution referred to therein, satisfies the requirements of this section IV.
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Related to Amount and Duration

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1

  • Revolver Advances (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Commitment agrees (severally, not jointly or jointly and severally) to make revolving loans (“Advances”) to Borrowers in an amount at any one time outstanding not to exceed the lesser of: (i) such Lender’s Commitment, or (ii) such Lender’s Pro Rata Share of an amount equal to the lesser of: (A) the Maximum Revolver Amount less the sum of (1) the Letter of Credit Usage at such time, plus (2) the principal amount of Swing Loans outstanding at such time, and (B) the Borrowing Base at such time less the sum of (1) the Letter of Credit Usage at such time, plus (2) the principal amount of Swing Loans outstanding at such time. (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Advances, together with interest accrued thereon, shall be due and payable on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. (c) Anything to the contrary in this Section 2.1 notwithstanding, Agent shall have the right (but not the obligation) to establish, increase, reduce, eliminate, or otherwise adjust reserves from time to time against the Borrowing Base or the Maximum Revolver Amount in such amounts, and with respect to such matters, as Agent in its Permitted Discretion shall deem necessary or appropriate, including (i) reserves in an amount equal to the Bank Product Reserve Amount, (ii) reserves with respect to (A) sums that Parent or its Subsidiaries are required to pay under any Section of this Agreement or any other Loan Document (such as taxes, assessments, insurance premiums, or, in the case of leased assets, rents or other amounts payable under such leases) and has failed to pay when due, and (B) amounts owing by Parent or its Subsidiaries to any Person to the extent secured by a Lien on, or trust over, any of the Collateral (other than a Permitted Lien which is a permitted purchase money Lien or the interest of a lessor under a Capital Lease), which Lien or trust, in the Permitted Discretion of Agent likely would have a priority superior to Agent’s Liens (such as Liens or trusts in favor of landlords, warehousemen, carriers, mechanics, materialmen, laborers, or suppliers, or Liens or trusts for ad valorem, excise, sales, or other taxes where given priority under applicable law) in and to such item of the Collateral, and (iii)

  • Revolving Credit Note The obligation of the Borrowers to pay the Revolving Loan, with interest, shall be evidenced by a promissory note (as from time to time extended, amended, restated, supplemented or otherwise modified, the “Revolving Credit Note”) substantially in the form of EXHIBIT A-1 attached hereto and made a part hereof, with appropriate insertions. The Revolving Credit Note shall be dated as of the Closing Date, shall be payable to the order of the Lender at the times provided in the Revolving Credit Note, and shall be in the principal amount of the Revolving Credit Committed Amount. Each of the Borrowers acknowledges and agrees that, if the outstanding principal balance of the Revolving Loan outstanding from time to time exceeds the face amount of the Revolving Credit Note, the excess shall bear interest at the rates provided from time to time for advances under the Revolving Loan evidenced by the Revolving Credit Note and shall be payable, with accrued interest, ON DEMAND. The Revolving Credit Note shall not operate as a novation of any of the Obligations or nullify, discharge, or release any such Obligations or the continuing contractual relationship of the parties hereto in accordance with the provisions of this Agreement.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding and all other unpaid Obligations.

  • Disbursement of Revolving Credit and Swingline Loans Not later than 2:00 p.m. on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form attached as Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the Revolving Credit Lenders as provided in Section 2.2(b).