Payments and Expenditures Sample Clauses

Payments and Expenditures. Except as set forth in Schedule 2.2.32 since June 30, 1997, AI has not made (i) any payment or incurred any liability on behalf of any Shareholder, (ii) made any payment to or on behalf of any Shareholder except for the Shareholder's salary and expense reimbursements made in the ordinary course of business, (iii) not paid any amount not in the ordinary course of AI's business, or (iv) not made any capital expenditure in excess of $100,000 in the aggregate.
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Payments and Expenditures. Except as set forth on Schedule 2.27 of the Disclosure Schedule, there have been no payments or expenditures made by the Company since January 31, 2009, other than in the ordinary course of business, consistent with past practice, and exercising reasonable business judgment.
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Payments and Expenditures. (a) In order to maintain the Primary Option, Sphere shall make the following option payments (“Option Payments”) and issuances of Sphere Shares to Camp McMan and incur the following Work Costs, on or before each of the dates set out below: Date Option Payment Share
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Payments and Expenditures. A. ALAMEDA CTC’s Duties and Obligations 1. Within five working days of actual receipt of the monthly Measure BB sales tax revenues from the BOE, ALAMEDA CTC shall remit to the RECIPIENT its designated amount of DLD funds disbursed on a monthly basis by a set formula for distribution. 2. ALAMEDA CTC shall annually update the Measure BB sales tax revenue projections and the resulting funds allocation formulas to reflect the most current population using the California Department of Finance’s annual population estimates (Report E-1 published in May) and maintained road mileage from the Department of Transportation as it is made available. ALAMEDA CTC shall use the updated Measure BB program allocation formulas in the allocations beginning July 1 of each new fiscal year, which is from July 1 to June 30 in the State of California. ALAMEDA CTC shall provide an annual projection of Measure BB DLD estimated to be distributed to each RECIPIENT for each investment category RECIPIENT is eligible to receive before the beginning of each new fiscal year. 3. ALAMEDA CTC shall report monthly the amount of Measure BB revenues distributed to RECIPIENT by each investment category for the fiscal year and for the total program to date. 4. ALAMEDA CTC shall provide for an independent annual audit of its financial statements including revenues and expenditures and also the calculation of the allocation formula for distributing Measure BB DLD funds to various recipients and render an annual report to the ALAMEDA CTC Commission within 180 days following the close of the fiscal year. ALAMEDA CTC shall render an annual report on Measure BB funds to the Citizens Watchdog Committee (Independent Watchdog Committee) as soon thereafter as practical. 5. ALAMEDA CTC shall provide timely notice to RECIPIENT prior to conducting an audit of any expenditure made by RECIPIENT to determine whether such expenditures are in compliance with this AGREEMENT and the 2014 TEP. B. RECIPIENT’s Duties and Obligations 1. RECIPIENT shall expend all Measure BB funds distributed to the RECIPIENT in compliance with the 2014 TEP guidelines, including the ALAMEDA CTC Implementation Guidelines, as they may be adopted or amended by ALAMEDA CTC from time to time. 2. RECIPIENT shall set up and maintain an appropriate system of accounts to report on Measure BB funds received. RECIPIENT must account for Measure BB funds, including any interest accrued, separately from any other funds it receives from ALAMEDA CTC. The ...
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Payments and Expenditures. Except as set forth in Schedule 2.2.31 since March 31, 1998, Avtech has not (i) made any payment or incurred any liability on behalf of any Shareholder, (ii) made any payment to or on behalf of any Shareholder except for the Shareholder's salary and expense reimbursements made in the ordinary course of business, or (iii) paid any amount not in the ordinary course of Avtech's business. 2.2.32 NEW COMPETITIVE PRODUCTS, PRICING, TECHNOLOGICAL DEVELOPMENTS, COMPETITION. Except as disclosed in Schedule 2.2.32, to the best knowledge of the Principal Shareholders, there are no (i) products introduced by others since October 1, 1997 which are competitive with the products of Avtech, (ii) material reductions in the prices of products of products competitive with the products of Avtech, (iii) technological developments announced which would make any of Avtech's products obsolete or (iv) entries by any new competitor into Avtech's markets, in each case other than as described in the Confidential Information Memorandum dated March, 1998 previously delivered to DAH (the "Information Memorandum"). 2.2.33
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Payments and Expenditures 
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  • PAYMENT AND EXPENSES 8.1 Each payment to be made by the Guarantor under this guarantee shall be made in pounds sterling, free and clear of all deductions or withholdings of any kind, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor shall pay that additional amount which is necessary to ensure that the Authority receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding. 8.2 The Guarantor shall pay interest on any amount due under this guarantee from the day after the date on which payment was due up to and including the date of payment in full (whether before or after judgment) in accordance with the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇. 8.3 The Guarantor shall reimburse the Authority for all legal and other costs (including VAT) incurred by the Authority in connection with the enforcement of this guarantee.