Cure Payment Clause Samples

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Cure Payment. For a period of six months after the date AHF or its designee has made an LP Loan (other than a Default LP Loan) which increases the Excess LP Loan Amount (an "Excess LP Loan"), Wichita GP shall have the right to make a GP Loan in an amount equal to the amount by which such Excess LP Loan increased the Excess LP Loan Amount, plus the accrued interest on such Excess LP Loan. If the Wichita GP funds such a curative GP Loan by cash, certified check or wire transfer of immediately available funds within such six month period, the Partnership shall immediately use the proceeds of such loan to make a payment (a "Cure Payment") on the LP Loan equal to the amount of such GP Loan. If the Wichita GP does not fund such GP Loan by cash, certified check or wire transfer of immediately available funds within such six month period, then the right of the Wichita GP to make a GP Loan with respect to that particular increase in the Excess LP Loan Amount, and consequently reduce the Excess LP Loan Amount under this Section 5.10(g), shall terminate. Wichita GP shall have the right to make Cure Payments with respect to each LP Loan (other than a Default LP Loan) made by AHF or its designee. RIGHTS, OBLIGATIONS AND POWERS OF THE GENERAL PARTNER
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Cure Payment. Payment by the Issuer of all overdue and unpaid accrued interest on the 2011 Notes in the agreed, reduced aggregate amount of $5,775,799.00 so long as the Closing Date shall occur on or before July 31, 2017; thereafter the Applicable Rate shall accrue and be payable on overdue principal and interest owed on the 2011 Notes as set forth in the 2011 Indentures;
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Cure Payment. 19.3.1 If the Borrowers are at any time in breach of the Interest Cover or Loan to Value Covenant (provided the Loan to Value is no greater than 95%) set out in Clause 19.1 and 19.2 respectively, the Borrower may rectify such breach by (within five Business Days of the date of the breach) either: 19.3.1.1 prepaying the Loan in whole or in part; and/or 19.3.1.2 placing to the credit of the Rectification Account such amount as the Agent determines is necessary to bring the Borrower within compliance with any relevant Financial Covenant pursuant to Clauses 19.1 or 19.2 (as the case may be) and in particular be at least 120% of the Project Annual Finance Costs as at that date,
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Cure Payment. The Cure Payment shall equal the difference between (y) ninety percent (90%) of the Gross Operating Profit set forth in the approved Annual Plan for the second of the two applicable Measurement Years giving rise to Owner’s right to terminate, and (z) the actual Gross Operating Profit for such Measurement Year.
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Related to Cure Payment

  • PRE-PAYMENT The Tenant shall: (check one)

  • PRICE & PAYMENT (a) The purchase price for the Products will be the price for the Products in effect at the time of shipment, unless otherwise agreed upon in writing by the parties. Seller may change prices without notice. Prices contained in Seller issued quotations or proposals expire 30 days from the date of quotation and are subject to change or termination by notice during this period. (b) Buyer will pay for all taxes, excises or other charges (except taxes on or measured by net income) that Seller may be required to pay to any government (foreign, national, state or local) with respect to the production, sale or transportation of any Products, except where the law expressly provides otherwise. Unless otherwise agreed to in writing by Seller, ▇▇▇▇▇ will pay all freight, storage, handling, packaging, insurance or similar charges. (c) Seller may require Buyer to pay a deposit or provide an irrevocable letter of credit in favor of Seller in an amount determined by Seller and from a bank approved by Seller payable on presentation of commercial invoice, packing list or a bill or lading indicating delivery to carrier. (d) Unless otherwise noted on the face of these terms and conditions, invoices are payable upon receipt in US funds, in no event greater than 30 days from date of invoice, subject to credit approval. All amounts due to Seller may be accelerated immediately upon ▇▇▇▇▇’s failure to pay invoices as required and shipments of Products may be suspended or cancelled. Interest may be charged by Seller at the highest rate allowable by law. ▇▇▇▇▇ agrees to indemnify and hold harmless Seller from any and all legal fees and costs which may be required to collect any overdue balances. (f) Seller may offset or recoup any amounts owed by Seller to Buyer against any amounts owed by Buyer to Seller. Buyer waives all right of offset and will pay all amounts owed to Seller regardless of any claim asserted by ▇▇▇▇▇. (g) Seller may change payment terms at any time, in its sole discretion.

  • ▇▇▇▇▇▇▇▇▇ Payment The Company shall pay to you the following amounts: i. the Accrued Obligations, which shall be paid to you in a single lump sum cash payment within fifteen (15) calendar days of the Date of Termination; ii. the Pro Rata Bonus, which shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; iii. an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus (2) the greater of (x) your Target Bonus or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single lump sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; iv. if you had previously consented to the Company’s request to relocate your principal place of employment more than forty (40) miles from its location immediately prior to the Change of Control, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and v. the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans, programs or policies.

  • Due Payment All due payment needs to be cleared on the date mention on the agreement copy. Failing to do so would attract a penalty up to 10,000 INR or closure of file at BOCCS.

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.