Second Instalment Sample Clauses

Second Instalment. The second instalment amounting to United States Dollar Three Million Seven Hundred Thousand only (US$3,700,000) shall be due and payable upon the later of the steel cutting of the Vessel and within five (5) banking days after the receipt of the Builder’s confirmation that steel cutting has commenced and confirmed in writing by the Classification Society, which to be effected not earlier than eleven (11) months prior to delivery of the Vessel.

Second Instalment. Within five (5) banking days after the Buyer’s receipt of e-mail or telefax advice from the Builder that the steel cutting of the Vessel has been commenced and, in any case, not earlier than twelve (12) months prior to delivery, the Buyer shall remit by bank transfer by telex or cable the second instalment to the Bank in favour of the Builder payable against the Builder’s written statement endorsed by the Classification Society that the steel cutting of the Vessel has been completed.

Second Instalment. The second instalment amounting to US$4,125,000 representing ten (10%) of the Contract Price shall be due and payable and shall be paid on the first Banking Day that is twelve (12) months after the date of this Contract.

Second Instalment. The sum of United States Dollars Sixty-Nine Million and Two Hundred Thousand (US$69,200,000) equivalent to 20% of the Contract Price shall be paid on or before 25 June 2016.

Second Instalment. Upon signing of the Share Agreement (as defined in paragraph (g) below) and the Loan Agreement (as defined in paragraph (g) below), Morefit shall provide SBA with an irrevocable guarantee given by Shenzhen Development Bank, PRC in favour of SBA to secure Morefit’s payment obligation of RMB30,000,000 (equivalent to approximately HK$28,267,000) (“Second Instalment”), being the remainder of the Consideration. The enforceability of such guarantee shall expire or terminate upon receipt of the Second Instalment by SBA or termination of the Agreement in accordance with the terms contained therein, whichever shall happen earlier. Within 5 Business Days upon Sale Shares Completion, Morefit shall pay to SBA the Second Instalment. The Consideration was negotiated between the parties on an arm’s length basis and on normal commercial terms. The Consideration was determined with reference to the business enterprise value (defined in the Valuation Report to mean the total invested capital, net of the value of debt but including non-interest bearing shareholders’ loans) of SK Companies net of shareholders’ loans as stated in the Valuation Report and the amount of the Shareholder’s Loan. Payment of the Consideration will be funded by internal resources of GDB Group.

Second Instalment. The sum of Ten Million Two Hundred Thirty Thousand Dollars ($10,230,000) shall be paid in cash within two (2) Banking days of the later of (i) August 31st, 2009 and (ii) the date the original of the Refund Bank Guarantee (as defined below) for the full amount of the second instalment has been delivered to the Buyers in accordance with the terms of this Agreement.

Second Instalment. Subject to the release by the EU Council of Ministers of a second allocation of EUR 250 million from the EUR 1 conditional billion under the 9th EDF, this amount shall be used for a second instalment of the ACP-EU Water Facility.

Second Instalment. Remaining amount of 15% of the order value shall be paid after satisfactory installation of equipments and execution of Performance Guarantee for proper maintenance during warranty period as mentioned at Clause

Second Instalment. (a) On the date that is 10 Business Days after each of the following conditions are satisfied and fulfilled (the “Second Instalment Payment Date”), the Payee shall advance to the Payor the second portion of the Funding Amount in the amount of $7,000,000 (the “Second Instalment Payment”): (i) as of the end of the most recently completed calendar month end, the Parent Company shall have sufficient working capital to satisfy all of its obligations and liabilities due within a period of 12 months following the Second Instalment Payment Date, such working capital being calculated: (A) on a consolidated basis; (B) on the basis of unrestricted cash plus unrestricted cash equivalents less accounts payable and less accrued and other current liabilities and interest and principal repayments due in the 12 months following the Second Instalment Payment Date (excluding amounts already set aside in restricted cash); and (C) including the Second Instalment Payment; (ii) the conditions set out in Sections 3.2(a)(iv) through 3.2(a)(viii) shall have been satisfied and remain satisfied as of the Second Instalment Payment Date; (iii) on or prior to the Second Instalment Payment Date, the Payor shall have executed and delivered to the Payee the Security and shall have made, or arranged for, all ​ such registrations, filings and recordings of the Security, and shall have done all such other acts and things as may be necessary or advisable to create, perfect or preserve the Security in accordance with Section 9.1 (including lodging the relevant financing statements in relation to the General Security Agreement on the PPSR and registering the Mortgage against the Mining Titles in accordance with the Mineral Titles Act), and the Mortgage shall constitute a valid and enforceable first ranking charge over the Mining Titles, subject to Permitted Encumbrances, and the General Security Agreement shall constitute a first ranking Encumbrance over all present and after acquired property of the Payor, subject to Permitted Encumbrances, and the Payee shall have received evidence satisfactory to it of each such filing, registration or recordation and satisfactory evidence of the payment of any necessary fee, Tax or expense relating thereto; (iv) the Payor shall have delivered to the Payee opinions, in form and substance satisfactory to the Payee, acting reasonably, from external legal counsel as to, among other things: (A) the power, capacity and authority of the Payor to execute, deliver an...