Deferral Payments Sample Clauses

Deferral Payments. (a) The Parties agree that, after giving effect to the amendments set forth herein, Deferred Corn Supply Payments (as defined in the Corn Supply Agreement), Deferred Rent Payments (as defined in the BLE Lease), Deferred Ethanol Commission Payments (as defined in the Ethanol Marketing Agreement) and Deferred DG Commission Payments (as defined in the DG Agreement) (such deferred amounts, in the aggregate, the “Deferred Payment”) shall each bear interest at the applicable Eurodollar Rate plus the Margin, during each interest period, from the date such amounts are deferred under the respective BLE-Cargill Agreement until (but excluding) the date such amounts are paid to Cargill. (b) Within five (5) Cargill Working Days after the end of each calendar month, Cargill will send an invoice electronically to BLE setting forth the amount of any interest that has accrued in respect of the Deferred Payment for such month (“Deferral Interest Invoice”). Any failure by Cargill to send a Deferral Interest Invoice does not in any way affect the amount of any interest that has accrued in respect of the Deferred Payment for such month. Within five (5) Cargill Working Days after Cargill’s transmission of the Deferral Interest Invoice, BLE shall pay to Cargill the amount set forth in any such Deferral Interest Invoice for such prior month. (c) For the avoidance of doubt, notwithstanding anything to the contrary herein or in any of the BLE-Cargill Agreements, BLE shall have the right at any time, and from time to time, to prepay, without premium or penalty hereunder, all or any portion of the Deferred Payment.
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Related to Deferral Payments

  • Deferrals If permitted by the Company, the Participant may elect, subject to the terms and conditions of the Plan and any other applicable written plan or procedure adopted by the Company from time to time for purposes of such election, to defer the distribution of all or any portion of the shares of Common Stock that would otherwise be distributed to the Participant hereunder (the “Deferred Shares”), consistent with the requirements of Section 409A of the Code. Upon the vesting of RSUs that have been so deferred, the applicable number of Deferred Shares shall be credited to a bookkeeping account established on the Participant’s behalf (the “Account”). Subject to Section 5 hereof, the number of shares of Common Stock equal to the number of Deferred Shares credited to the Participant’s Account shall be distributed to the Participant in accordance with the terms and conditions of the Plan and the other applicable written plans or procedures of the Company, consistent with the requirements of Section 409A of the Code.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in ▇▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇, (▇▇) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • Deferral Notwithstanding the foregoing, if the Company shall furnish to Holders requesting registration pursuant to this Section 2.3, a certificate signed by the President or Chief Executive Officer of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided further, that the Company shall not register any other of its shares during such twelve (12) month period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account. 8.4.2. Compensation shall not compensate the profit not received by the Client in the event that the Client had an intention to perform some action but has not performed it for some reason. 8.4.3. The Company shall not compensate non-pecuniary damage to the Client. 8.4.4. The Company adds a compensation payment to the Client trading account within one working day since the moment of making a positive decision on the dispute situation.