Subsequent Payments Clause Samples

Subsequent Payments. (a) If this Agreement is terminated pursuant to this Article 8 (other than under Sections 8.1(a) or (b), and except if the ERS stockholders have disapproved the Agreement and the ERS Charter Changes), and within six months after termination Telepanel consummates a Telepanel Competing Transaction which was the subject of a Telepanel Notice, other than with ERS, or Telepanel enters into a Telepanel Acquisition Agreement relating to a Telepanel Competing Transaction which was the subject of a Telepanel Notice, other than with ERS, and such transaction is within such period or thereafter consummated, Telepanel shall, upon consummation, cause any third party with whom it has consummated such Telepanel Competing Transaction to pay to ERS (by wire transfer in immediately available funds) the sum of:

Subsequent Payments. City shall make monthly payments in the amount invoiced by Professional within thirty (30) calendar days of receiving such invoice. In the event that an amount of an invoice is in dispute, City shall inform Professional of the amount and basis for the dispute and may withhold the amount which is in dispute until the dispute has been resolved.

Subsequent Payments. (a) If the entire amount of CDFI RRP Assistance is not paid at Closing, the Recipient must request a subsequent payment (“Subsequent Payment Request”). All Subsequent Payment Requests must be received by the CDFI Fund no later than 30 days prior to end of the Period of Performance. If the Recipient does not request payment of all of the CDFI RRP Assistance by said date, the CDFI Fund, in its sole discretion, may terminate its obligation to pay said funds. (b) The CDFI Fund shall not make a subsequent payment (“Subsequent Payment”) until the Recipient has expended at least ninety percent (90%) of the previous payment(s) into Authorized CDFI RRP Assistance Activities pursuant to Section 3.7 herein. Subsequent Payment Requests must be in the amount the Recipient expects to expend for an Authorized CDFI RRP Assistance or Activity within a twelve (12) month period in the remaining Period of Performance. (c) Subsequent Payment Requests must be submitted via the Recipient’s AMIS Account (or as otherwise directed by the CDFI Fund). (d) Recipients will be limited to two (2) subsequent payments, unless such limitation is waived by the CDFI Fund. (e) If the Recipient requests the final subsequent payment less than six (6) months prior to the Performance Period End Date, the CDFI Fund will require verification that the Recipient will be able to expend the funds into an Authorized CDFI RRP Assistance Activity pursuant to Section 3.7 herein within the remaining Period of Performance.

Subsequent Payments. All payments made pursuant to § 3.2 after the Initial Payment hereof must be made in advance on a quarterly basis no later than forty-five days prior to the beginning of each calendar quarter. The Company shall in good faith estimate each such quarterly payment based on the Installation Area expected to be applicable to the next quarter. Within one hundred twenty days following the end of each calendar year, the Company shall calculate the exact monetary compensation due to the City pursuant to § 3.2 hereof for all of the calendar quarters of said calendar year. Should the total monetary compensation for such calendar year thus calculated be found to have exceeded the estimated quarterly payments made by the Company for such calendar year, the Company shall, within the 120-day period following the end of the calendar year, remit to the City any balance due. Should the estimated quarterly payments made by the Company for the calendar year be found to have exceeded the total calculated monetary compensation for the year, the overpayment will constitute a credit against the next payment or payments due from the Company hereunder.

Subsequent Payments. District shall make monthly payments in the amount invoiced by Professional within thirty (30) calendar days of receiving such invoice. In the event that an amount of an invoice is in dispute, District shall inform Professional of the amount and basis for the dispute and may withhold the amount which is in dispute until the dispute has been resolved.

Subsequent Payments. If there is a reasonable need for additional funds to facilitate review and processing of a Pole License application as requested by City, Licensee shall submit additional Administrative Payment(s) to the City for the anticipated cost of such extra work. If Licensee refuses or fails to submit payment for the extra work upon City's written request, City shall have the right to cease all processing of Licensee’s application until such time as the funds are received.

Subsequent Payments. Buyer shall deliver to Seller the following payments of immediately available funds in cash or by wire transfer, at Buyer’s sole discretion (collectively, the “Subsequent Payments”): (i) Five Hundred Thousand Dollars ($500,000) on or before the date that is sixty (60) days following the Closing Date; provided, however, that for the first three (3) months following such due date, for each month (but not counting any portion thereof) that such amount is not paid, Buyer shall pay Seller a monthly late fee of Five Thousand Dollars ($5,000) and shall not be in default under the Note with respect to such late payment. (ii) Two Hundred Thousand Dollars ($200,000.00) on August 1, 2009; (iii) Two Hundred Thousand Dollars ($200,000.00) on August 1, 2010; and (iv) One Hundred Fifty Thousand Dollars ($150,000.00) on August 1, 2011. Buyer’s obligation to deliver the Subsequent Payments to Seller shall be evidenced by Buyer’s execution of a Promissory Note on the Closing Date in substantially the same form as the form note attached hereto as Exhibit E (the “Note”). Buyer will be responsible for paying all documentary stamp taxes or other governmental fees, taxes or other costs associated with the issuance of the Note; provided, however, that Buyer shall not be responsible for and shall have no liability with respect to any income taxes imposed upon or due from Seller in connection with the Note. Buyer grants to Seller (and hereby acknowledges and agrees that Seller will have) a security interest in the Shares being transferred to Buyer under this Agreement. Seller’s security interest will attach upon Seller’s delivery, at the Closing, to Buyer of certificates representing the Shares, duly endorsed (or accompanied by duly executed stock powers) and will transfer to and be equally applicable to any entity to which Buyer might assign or transfer any or all of the assets of the Company subsequent to the Closing. Such security interest shall be junior and subordinate to any security interest of Buyer’s lenders with respect to the assets of Buyer and Seller agrees and covenants to execute any and all subordination agreements or other documents with respect thereto.

Subsequent Payments. Each thirty (30) successive days after the first payment, the Sponsor may submit invoices evidencing trail costs. Payments shall be made to the extent of authorized reimbursement, or until this Grant Contract is terminated.

Subsequent Payments. All commissions, trails, overrides and allowances shall be payable to General Agent, unless otherwise prohibited by law, according to the applicable compensation schedules in effect at the time the contract was issued. In the event of termination, the Company shall continue to provide General Agent with current customer information regarding continued in-force business pursuant to Section XIII (C).