Continuing Payment Clause Samples

Continuing Payment. An amount equal to 24 months of the Executive’s then Base Salary. The payments provided hereunder shall be in addition to any other payments to which the Executive or his estate would be entitled such as pension benefits and life insurance proceeds; plus
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Continuing Payment. (a) Until the first to occur of (a) a sale by HWG of its interests in Hallwood Commercial Real Estate, LLC ("HCRE") and Hallwood Realty, LLC ("HRC") or (b) the exercise of the option pursuant to Section 6.6 of this Agreement, HWG will pay (the "Section 5.1 Payment") to Epsilon, within 30 days after the end of each fiscal quarter ending after the Closing Date, the lesser of (x) 20% of the Net Cash Flow of the Hallwood Group Realty Segment for the preceding quarter, or (y) the sum of $125,000. (b) For purposes of this Section, the Net Cash Flow of the Hallwood Group Realty Segment means the sum of "Total operating cash flow" and "Total other changes" reflected on the Combined Statements of Cash Flows of Hallwood Commercial Real Estate, LLC and Hallwood Realty, LLC for the relevant period, on a basis consistent with past practice. For purposes of determining the Net Cash Flow, personnel costs and payments to affiliates shall be deducted only to the extent that such costs and payments are consistent with past practice.
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Continuing Payment. Until such time as Landlord shall elect to terminate this Lease and shall thereupon be entitled to recover the amounts specified in such case by this Article, Tenant shall pay to Landlord upon demand the full amount of all Rent under this Lease and other sums reserved in this Lease for the remaining Term, together with the costs of repairs, alterations, additions, redecorating and Landlord's expenses of reletting and the collection of the rent accruing therefrom (including attorney's fees and broker's commissions), as the same shall then be due or become due from time to time, less only such consideration as Landlord may have received from any reletting of the Premises; and ▇▇▇▇▇▇ agrees that Landlord may file suits from time to time to recover any sums falling due under this Article as they become due. Any proceeds of reletting by Landlord in excess of the amount then owed by Tenant to Landlord from time to time shall be credited against ▇▇▇▇▇▇'s future obligations under this Lease but shall not otherwise be refunded to Tenant or inure to ▇▇▇▇▇▇'s benefit.
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Related to Continuing Payment

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Billing & Payment 6.2.1 The Generator shall raise a monthly energy ▇▇▇▇ based on the joint meter reading taken by the Generator and the MSEDCL at the end of each month along with the monthly fuel usage certificate certified by the Chartered Account, in the forms annexed as Annexures (A to E). 6.2.2 The due date for the payment of ▇▇▇▇ by the MSEDCL shall be thirty (30) days from the date of receipt of the ▇▇▇▇ in Circle Office.

  • Closing Payment At the Closing, Buyer will pay or cause to be paid to Seller the Closing Payment Amount, by wire transfer of immediately available funds or by such other means as may be agreed upon by Seller and Buyer.

  • Making Payments You are responsible for paying back all the money we loan to you on the account. If this is a joint account, you are each responsible for the entire amount owed. • You promise to pay all amounts due on your account including interest and fees. • You may pay all or part of your account balance at any time. You must at least pay the minimum payment shown on each statement by its due date. • The minimum payment listed on each statement will be calculated as listed in the Schedule. • Payments must be made in U.S. dollars and through a U.S. bank. You agree to follow the payment requirements listed on each statement (for example, the time by when we need to receive payment and where your payment needs to be sent). If we accept a payment that is not in U.S. dollars or not through a U.S. bank, you agree to pay any extra fees or costs. We may accept payments that are marked “payment in full” or with similar markings without losing our right to receive payment in full. Partial payments offered in full satisfaction of a disputed amount must be sent to the address listed on your statement for notifying us of billing errors. • Each payment you make will be generally applied to your account as follows: (a) the minimum payment amount will be applied to balances with the lowest APRs before balances with higher APRs; and (b) any amount you pay in excess of the minimum payment will be applied to balances with the highest APRs before balances with lower APRs. Until a payment clears, you may not be able to access the full amount of your credit limit. • We will promptly apply other credits to your account. For example, such credits may include a credit for return of merchandise. These other credits will be applied to the Balance Category we select. Where to find them. The APRs (and their daily periodic rates) in effect on your account are listed in the Schedule. How we calculate variable APRs. Each variable APR is determined by adding the margin to the Index as listed in the Schedule. An increase in the Index will increase a variable APR (and its daily periodic rate). An increase in a variable APR may increase the minimum payment due and interest charged on your account. How we calculate daily periodic rates. To determine the daily periodic rate for an APR, we divide the APR by 365 (366 in leap years). Penalty rates. We will not charge penalty rates or penalty APRs on your account. For example, if you make a late payment, your APR will not increase because you paid late.

  • Corresponding Payment Each permanent reduction permitted pursuant to this Section shall be accompanied by a payment of principal sufficient to reduce the aggregate outstanding Revolving Credit Loans, Swingline Loans and L/C Obligations, as applicable, after such reduction to the Revolving Credit Commitment as so reduced, and if the aggregate amount of all outstanding Letters of Credit exceeds the Revolving Credit Commitment as so reduced, the Borrower shall be required to deposit Cash Collateral in a Cash Collateral account opened by the Administrative Agent in an amount equal to such excess. Such Cash Collateral shall be applied in accordance with Section 10.2(b). Any reduction of the Revolving Credit Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans and Swingline Loans (and furnishing of Cash Collateral satisfactory to the Administrative Agent for all L/C Obligations) and shall result in the termination of the Revolving Credit Commitment and the Swingline Commitment and the Revolving Credit Facility. If the reduction of the Revolving Credit Commitment requires the repayment of any LIBOR Rate Loan, such repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof.