Payment of Transfer Amount Sample Clauses
The 'Payment of Transfer Amount' clause establishes the obligation for one party to pay a specified sum to another party, typically as part of a transaction or settlement. This clause outlines the conditions under which the payment must be made, such as the timing, method, and calculation of the amount due. For example, it may require payment within a certain number of days after a triggering event or upon completion of certain deliverables. Its core function is to ensure clarity and enforceability regarding financial obligations between parties, thereby reducing the risk of disputes over payment terms.
Payment of Transfer Amount. Subject to: the period for acceptance of the Transfer Option having expired; and the Supplier having provided the trustees or managers of the Third Party’s pension scheme (or NHS Pensions, as appropriate) with completed and signed forms of consent in a form acceptable to the Third Party’s pension scheme (or NHS Pensions) from each Eligible Employee in respect of the Transfer Option; and the calculation of the Transfer Amount in accordance with Clause 1.6 of Part D of this Schedule 7; and the trustees or managers of the Supplier’s (or any Sub-contractor’s) Broadly Comparable scheme (or NHS Pensions, as appropriate) having confirmed in writing to the trustees or managers of the Third Party’s pension scheme (or NHS Pensions, as appropriate) that they are ready, willing and able to receive the Transfer Amount and the bank details of where the Transfer Amount should be sent, and not having revoked that confirmation, the Authority will use reasonable endeavours to procure that the Third Party’s pension scheme (or the NHS Pension Scheme, as appropriate) shall, on or before the Payment Date, transfer to the Supplier’s Broadly Comparable scheme (or NHS Pension Scheme) the Transfer Amount in cash, together with any cash or other assets which are referable to additional voluntary contributions (if any) paid by the Eligible Employees which do not give rise to salary-related benefits.
Payment of Transfer Amount. A. Transferee shall pay for the KRW 1,200,000,000 to the transferer in cash until July 6, 2021.
B. Transferee shall pay for the virtual assets developed by the transferee in the amount relevant to KRW 2,300,000,000 as a balance to pay for the balance calculated after deducting the cash amount in the paragraph A. until July 2, 2021.
C. As for the previous paragraph, the value of virtual asset shall be converted based on the face price (or scheduled face price) issued in the beginning of listing for the payment. In case of shortage in the payment from outstanding balance when converting them in cash through listing in Korea or abroad, transferee shall additionally pay for the shortage in cash or virtual assets.
D. If it is not possible to convert the assets to cash including the case where virtual assets paid by the transferee to the transferer by failing to be listed in domestic or foreign exchange until December 30, 2021, transferee shall pay for the relevant amount in cash or marketable securities.
Payment of Transfer Amount. Subject to Global and to each member of the Telecom UK Group having performed each of their obligations under this Part B of this Schedule (provided that neither Global nor any member of the Telecom UK Group shall be regarded as not having performed an obligation where any failure to perform an obligation has prior to the Payment Date been remedied to Racal's satisfaction) and to all of the conditions in the definition of Payment Date having been and remaining fulfilled:
(a) Racal shall use its reasonable endeavours to procure that on the Payment Date the trustees of Racal's Schemes make a payment to the trustees of Global's Scheme of an amount equal to the Final Transfer Amount. The Final Transfer Amount shall be paid by way of a transfer of such assets of Racal's Schemes (excluding property) as Racal, Global and the trustees of Racal's Schemes and the trustees of Global's Scheme shall agree having a mid market value on the last business day before the Payment Date equal to the Final Transfer Amount. In the event of failure by the date which is seven days before the Payment Date to agree on the assets to be transferred, the Final Transfer Amount shall be satisfied by Racal's Schemes paying an amount in cash equal to the Final Transfer Amount and that amount shall be the Final Transfer Amount in the case of such a transfer in cash;
(b) If by the date falling seven business days after the Payment Date the trustees of Racal's Schemes have paid to the trustees of Global's Scheme an amount which is either nil or is less than the Final Transfer Amount (such excess of the Final Transfer Amount over the amount paid being the "Shortfall"), Racal shall forthwith on Global's written demand pay in cash to Global an amount equal to 69% of the Shortfall and Global shall immediately pay an amount equal to the Shortfall to the trustees of Global's Scheme together with Interest on the Shortfall from the Payment Date to the actual date of payment of the Shortfall.
Payment of Transfer Amount. 4.3.1 Payment of the Transfer Amount to the Purchaser's Scheme will only be made on the following conditions:-
(a) the approval of the Inland Revenue in principle has been obtained to the payment of the Transfer Amount to the Purchaser's Scheme (if such approval is necessary);
(b) the Purchaser has complied with all its material obligations in this Schedule;
(c) the Trustees of the Purchaser's Scheme have confirmed that they will accept the payment of the Transfer Amount on the terms set out in paragraph 5;
(d) receipt by the Seller of a written confirmation that the Purchaser's Scheme has a valid contracting-out certificate if the Purchaser's Scheme is contracted out of the State Earnings Related Pension Scheme.
Payment of Transfer Amount. 5.1 The Contractor shall procure that on the Transfer Value Date the trustees of the Contractor's Schemes shall pay to the Schemes an amount in cash (or, with the consent of an appropriate representative of the Schemes, in specie) equal in value to the Transfer Amount. If consent to an in specie transfer is refused, an adjustment to the Transfer Amount to account for the cost of liquidating assets may be made by the trustees of the Contractor's Schemes in accordance with Schedule N.
Payment of Transfer Amount. Subject to:
1.7.1 the period for acceptance of the Transfer Option having expired; and
1.7.2 the Supplier having provided the trustees or managers of the Third Party’s pension scheme (or NHS Pensions, as appropriate) with completed and signed forms of consent in a form acceptable to the Third Party’s pension scheme (or NHS Pensions) from each Eligible Employee in respect of the Transfer Option; and
1.7.3 the calculation of the Transfer Amount in accordance with Clause 1.6 of Part D of this Schedule 7; and
1.7.4 the trustees or managers of the Supplier’s (or any Sub-contractor’s) Broadly Comparable scheme (or NHS Pensions, as appropriate) having confirmed in writing to the trustees or managers of the Third Party’s pension scheme (or NHS Pensions, as appropriate) that they are ready, willing, and able to receive the Transfer Amount and the bank details of where the Transfer Amount should be sent, and not having revoked that confirmation, the Authority will use reasonable endeavours to procure that the Third Party’s pension scheme (or the NHS Pension Scheme, as appropriate) shall, on or before the Payment Date, transfer to the Supplier’s Broadly Comparable scheme (or NHS Pension Scheme) the Transfer Amount in cash, together with any cash or other assets which are preferable to additional voluntary contributions (if any) paid by the Eligible Employees which do not give rise to salary-related benefits.
Payment of Transfer Amount. Energy East shall pay the portion of the Transfer Amount applicable to such Closing Date to TCPL by wire transfer of immediately available funds into an account designated in writing by TCPL. For greater certainty, the portion of the Transfer Amount representing the Premium Payment shall (unless otherwise agreed by the Parties in writing) be paid on the Closing Date in respect of the transfer of the final portion of the Transferred Assets;
Payment of Transfer Amount. (A) The MergerCo shall use its best endeavors to procure that on the U.K. Payment Date the Trustees of the Bord▇▇ ▇▇▇eme make a payment to the trustees of the New Scheme of an amount equal to the U.K. Transfer Amount.
(B) MergerCo shall procure that all payments to be made (whether to be made by the trustees of the Bord▇▇ ▇▇▇eme or otherwise under this paragraph) shall be made in cash unless (in the case of any payment to them) the trustees of the New Scheme shall agree otherwise.