Payments of accrued Clause Samples

The 'Payments of accrued' clause establishes the obligation to pay amounts that have accumulated up to a certain date, typically in the context of contract termination or completion. In practice, this means that if a contract ends, any fees, interest, or other financial obligations that have accrued but not yet been paid must be settled by the responsible party. This clause ensures that neither party escapes liability for amounts earned or owed prior to the contract's end, thereby providing financial clarity and preventing disputes over outstanding payments.
Payments of accrued interest only as provided in the Note on the unpaid principal amount outstanding under the Note from time to time shall be due and payable to Lender on the first (1st) day of each month, commencing on the first (1st) day of the first (1st) month following the date of this Agreement and continuing until the first (1st) day of the month immediately preceding the Maturity Date.
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Payments of accrued. Amounts under Sections 5(a), 5(b) and 5(c) shall be made no later than the payment date required by applicable law.
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Payments of accrued sick leave to an employee who is receiving Worker's Compensation payments shall be limited to the difference between the amount paid in Worker's Compensation and the employee's regular rate. These payments shall continue for not more than six months unless extended beyond that period by the Town Manager.
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Payments of accrued interest shall be due and payable ------- annually. The first such interest payment shall be due and payable on August 3, 1995. Should interest not be paid when due on this Note, it shall bear interest at the same rate as the principal. The entire unpaid principal balance of this Note, together with all accrued but unpaid interest thereon shall be due and payable on August 3, 1999. Notwithstanding the foregoing, unpaid principal and interest hereunder may be payable to Holder or converted into shares of Maker's stock, prior to such dates, on the terms and conditions set forth in that certain Purchase and Debt Restructuring Agreement between Maker and the original Holder dated as of August 3, 1994.
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Payments of accrued. Return On each Distribution Date, holders of record of Certificates as of the Record Date will be paid return at the Certificate Rate on the Certificate Balance. If the Certificate Rate for any Distribution Date is based on the Student Loan Rate, this will create a
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Payments of accrued interest under the Revolving Credit Note shall be made on the first day of each month. In the event Borrower becomes aware, or receives notice (oral or written) from Bank, that principal amounts outstanding under the Revolving Line at any time exceed the Maximum Principal Amount available hereunder, Borrower promptly shall make a principal payment to Bank sufficient to reduce outstanding principal amounts below the applicable Maximum Principal Amount. All remaining outstanding principal and accrued interest shall be due and payable in full on the Revolving Line Termination Date.
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Payments of accrued but unpaid interest only shall be due and payable on the first day of each month commencing January 1, 2000 and continuing on the first day of each month thereafter until the Maturity Date (hereinafter defined). This Note and all accrued but unpaid interest and all outstanding principal shall finally become due and payable in its entirety on March 31, 2000 (the "Maturity Date"). If any installment of principal or interest on this Note shall become due on a Saturday, Sunday or any other day on which Payee is not open for business, such payment shall be made on the next succeeding day on which Payee is open for business; and such extension of time shall in such case be included in computing interest in connection with such payment.
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Related to Payments of accrued

  • Statements of Account The Administrative Agent will account to the Borrower monthly with a statement of Loans, accrued interest and Fees, charges and payments made pursuant to this Agreement and the other Loan Documents, and such account rendered by the Administrative Agent shall be deemed conclusive upon the Borrower absent manifest error. The failure of the Administrative Agent to deliver such a statement of accounts shall not relieve or discharge the Borrower from any of its obligations hereunder.

  • Payment of accrued interest In the case of an Interest Period longer than 3 months, accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.

  • Payments and Interest Payments required of PURCHASER by this contract or modifications of this contract, other than those in Sections 13 and 42, shall be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate applied to overdue payments shall be the prime interest rate in effect on the day the payment became delinquent, as established by U.S. Bank, ▇▇▇▇ and ▇▇▇▇ Branch, plus 4 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 33 Section 3.02 Interest 33 Section 3.03 Alternate Rate of Interest 34 Section 3.04 Prepayments 35 Section 3.05 Fees 36

  • Payments Over (a) So long as the Discharge of First Lien Debt has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any Grantor, Second Lien Agent agrees, for itself and on behalf of the other Second Lien Secured Parties, that any Collateral or proceeds thereof or payment with respect thereto received by Second Lien Agent or any other Second Lien Secured Party (including any right of set-off) with respect to the Collateral, and including in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation), shall be segregated and held in trust and promptly transferred or paid over to First Lien Agent for the benefit of the First Lien Secured Parties in the same form as received, with any necessary endorsements or assignments or as a court of competent jurisdiction may otherwise direct. First Lien Agent is hereby authorized to make any such endorsements or assignments as agent for Second Lien Agent. This authorization is coupled with an interest and is irrevocable. The Second Lien Agent shall have no obligation to segregate, hold in trust, and transfer or pay over any proceeds of Collateral or payments if, with respect to any applicable payment, (i) other than with respect to Second Lien Agent Payments, the Second Lien Agent shall have received the compliance certificate(s) required to be delivered to Second Lien Agent pursuant to clause (b) of the definition of “Permitted Second Lien Payments” or pursuant to the definition of “Second Lien Interest Payment Conditions”, as applicable, and such compliance certificate(s) certify as to the satisfaction of the conditions set forth in such definitions, and (ii) the Second Lien Agent did not otherwise have actual knowledge of the applicable payment being in contravention of this Agreement and had paid out, applied or retained the applicable payment amount in accordance with the Second Lien Documents prior to acquiring such knowledge. (b) So long as the Discharge of First Lien Debt has occurred and the Discharge of Second Lien Debt has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any Grantor, any Collateral or proceeds thereof or any payment with respect thereto, including in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation) shall be applied, to the extent required under the Second Lien Documents, to the Second Lien Debt in accordance with the Second Lien Documents.