PAYMENT AND OTHER TERMS Sample Clauses
PAYMENT AND OTHER TERMS. 2.1 The Carriage Fee shall be paid in full and in advance, on or before the 10th day of the month in which it is due. For e.g. the carriage fee for the month of June 2012 shall be paid on 10th June 2012 shall be paid based on the closing subscriber member of the previous month.
2.2 The MSO shall within 5 days from the start of a month, raise an invoice upon the Broadcaster based on which the Broadcaster shall make payment against the invoice raised. Even if the MSO fails to raise their invoice within the time stipulated hereinabove, the Broadcaster shall still be liable and continue to be liable to pay the carriage fee for that particular month within the period stipulated in clause 2.1 above.
2.3 If the Payment of carriage fee is subject to any withholding of tax or TDS in accordance with the provisions of the Indian Income Tax ▇▇▇ ▇▇▇▇, the Broadcaster shall provide tax withholding certificates to the MSO within such period as may be specified under the prevalent laws of India.
2.4 If the Broadcasters fails or neglects to make payment of the carriage fee with the time period stipulated in clause 2.1 above, then the Broadcaster shall be liable to pay interest on the delayed payment at the rate of 12% per annum from the due date till the date of payment.
2.5 If the Broadcaster suspends or disconnects the signals of its TV channels to the MSO, for reasons or actions directly attributable to the MSO, the MSO shall not be entitled to any carriage fee for the entire period of the suspension or discontinuation of signals.
2.6 The MSO shall carry the TV Channels of the Broadcaster without any editing, delays, interruptions, additions, deletion and alterations except as necessary in relation to the Electronic Program Guide (“EPG”) and related services.
2.7 The MSO shall ensure that the quality of the signals of the Broadcaster’s TV Channel/s conform to the prevailing norms and standards.
2.8 In order to Prevent Piracy unauthorized redistribution or exhibition etc; the MSO should take proper precaution to prevent such act.
PAYMENT AND OTHER TERMS. Customer shall pay the indebtedness under this Note in 60 consecutive monthly installments commencing on the first day of the second calendar month following the Closing Date and continuing on the first day of each calendar month thereafter until this Note shall be paid in full. Each such installment in an amount equal to the sum of (i) accrued interest, and (ii) 1/60th of the Loan Amount (with the first such installment including interest accrued from the date of funding). Each payment received hereunder shall be applied first to any fees and expenses of MLBFS payable by Customer under the terms of the Loan Agreement (including, without limitation, collection fees), next to accrued interest at the Interest Rate and/or Default Interest Rate, as applicable, with the balance applied on account of the unpaid principal hereof. Upon the occurrence and during the continuance of any Default, but without limiting the rights and remedies otherwise available to MLBFS or waiving such Default, the interest payable by Customer hereunder shall at the option of MLBFS accrue and be payable at the Default Interest Rate. The Default Interest Rate, once implemented, shall continue to apply to this Note and be payable by Customer until the date such Default is either cured or waived in writing by MLBFS. All interest shall be computed on the basis of actual days elapsed over a 360-day year. All sums payable hereunder shall be payable at the office of MLBFS at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at such other place or places as the holder hereof may from time to time appoint in writing. Customer may prepay this Note at any time in whole or in part without premium or penalty. Any partial prepayment shall be applied to installments of the Loan Amount in inverse order of maturity. This Note is the Collateral Installment Note referred to in, and is entitled to all of the benefits of the Loan Agreement and any Additional Agreements. If Customer shall fail to pay when due any installment or other sum due hereunder, and any such failure shall continue for more than five (5) Business Days after written notice thereof shall have been given by the holder hereof to Customer, or if any other Event of Default shall have occurred and be continuing, then at the option of the holder hereof (or, upon the occurrence of any Bankruptcy Event, automatically, without any action on the part of the holder hereof), and in addition to all other rights and remedies available to such hol...
PAYMENT AND OTHER TERMS. Upon receipt of WRI's invoice for scrap tire purchased from it by RB pursuant to SECTION 1 or for the provision of services and materials by WRI pursuant to SECTION 2, RB shall make payment to WRI net thirty (30) days after the date of delivery of such invoice to RB. All terms and conditions of sales hereunder not specified in this Agreement shall be same as specified in the form of purchase order governing the purchase and sale.
PAYMENT AND OTHER TERMS. QUEST subscription types and offerings are available in detail when you login to your subscriber portal on our website (e.g. basic, expansion, ultimate or PLUS levels), and you can upgrade at anytime throughout the year. Payment terms are net 30 days from the date of invoice , and subscriptions are non-refundable. Monthly reminders will be sent out for overdue accounts, and QUEST has the right to suspend or cancel an overdue account’s subscription(s) at any time (e.g. no longer eligible to attend Working Group meetings or other QUEST subscriber only events). Only Subscribers who are in good standing as of March 31 will be included in that year’s annual Smart Energy Communities Catalogue.
PAYMENT AND OTHER TERMS. The fee would be payable in the following manner:-
a) 10% (Ten percent) of the of the consultancy fee based on sanctioned DPR cost shall be released on finalization of tender documents.
b) 10% of the of the consultancy fee based on sanctioned DPR cost shall be released on Award of contract.
c) Balance 70% of the consultancy fee based on sanctioned DPR cost shall be paid in two components: i) 35% of the Consultancy Fee shall be paid in equal quarterly instalments for the duration of contract or completion of work by turnkey contractor limited to 24 months.
PAYMENT AND OTHER TERMS. Customer shall pay the indebtedness under this Note in 36 consecutive monthly installments commencing on the first day of the second calendar month following the Closing Date and continuing on the first day of each calendar month thereafter until this Note shall be paid in full. Each such installment shall be in the amount which will fully amortize the Loan Amount with accrued interest in equal monthly installments over a term of 36 months (except that there shall be added to the first such installment an additional amount equal to accrued interest at the Interest Rate from the date of funding to the last day of the calendar month in which funding occurs).
PAYMENT AND OTHER TERMS. In full consideration of the Parties’ execution of this Agreement, and their agreement to be legally bound by its terms, the Parties agree as follows:
(a) Within five (5) business days of the Effective Date of this Agreement, ▇▇▇▇▇▇▇▇▇▇ agrees to sell, transfer and assign all of his right, title and interest in 450,000 shares of common stock of Systemax (the “Shares”) to Systemax by instructing ▇▇▇▇▇▇▇▇▇▇’▇ broker to deliver the Shares electronically via DWAC withdrawal to Systemax’s stock transfer agent, American Stock Transfer Company (“AST”) (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇) for deposit into Systemax’s treasury account with AST (or in the case of certificated shares by delivering by overnight courier such shares to AST) simultaneously with his execution hereof, and taking any other action necessary to transfer ownership of the shares to Systemax or its treasury. ▇▇▇▇▇▇▇▇▇▇ represents and warrants that he is the sole owner of the Shares and that he has not sold, mortgaged, liened, pledged or otherwise transferred, directly or indirectly, in whole or in part, any interest of any nature whatsoever in the Shares.
(b) ▇▇▇▇▇▇▇▇▇▇ agrees to forfeit the sum of $480,000.00 in repayment of his net bonus for fiscal year 2010, which sum shall be paid to Systemax no later than five (5) business days of the Effective Date of this Agreement.
(c) ▇▇▇▇▇▇▇▇▇▇ expressly acknowledges and agrees that any and all shares of restricted stock and restricted stock units granted to ▇▇▇▇▇▇▇▇▇▇ under the Systemax Inc. Restricted Stock Unit Agreement, whether vested or unvested, that are held by ▇▇▇▇▇▇▇▇▇▇ (representing no less than 300,000 shares or units of restricted stock) as of the Effective Date of this Agreement, are hereby terminated and of no further force and effect.
(d) ▇▇▇▇▇▇▇▇▇▇ expressly acknowledges and agrees that all Systemax stock options granted to ▇▇▇▇▇▇▇▇▇▇ by Systemax, vested or unvested, whether or not exercisable, that are held by ▇▇▇▇▇▇▇▇▇▇ as of the Effective Date of this Agreement (representing options to purchase no less than 580,001 shares of Systemax stock), are hereby terminated and of no further force and effect.
(e) ▇▇▇▇▇▇▇▇▇▇’▇ payments in this Section 4 are remedial in nature to compensate Systemax.
(f) ▇▇▇▇▇▇▇▇▇▇ represents and warrants that the personal net worth of ▇▇▇▇▇▇▇▇▇▇, his wife, and his children has been truly and accurately set forth in a statement provided prior to execution of this Agreement. As of the Effective Date of this Agreement, ▇▇▇▇▇▇▇...
PAYMENT AND OTHER TERMS