Term and Payments Sample Clauses

Term and Payments. (a) For the amounts payable pursuant hereto (including the Payments), Seller hereby sells and conveys to Town, without warranty, and Town hereby purchases from Seller, the Projects. (In order to evidence such sale, ▇▇▇▇▇▇ has executed and delivered to Town a bill of sale on the date of original execution and delivery of the Obligations.) Town shall be entitled to sole and exclusive possession of the Projects. (b) To provide the funds necessary for Seller to finance the Projects, Seller, in its capacity as Trustee, shall execute and deliver the Obligations. (Seller shall have no further obligation to provide funds for the Projects.) (c) As the purchase price for the Projects, Town shall make the payments to Seller at the address specified pursuant to Section 18 hereof (or such other address as Seller may designate in writing) on the dates and in the amounts set forth in the schedule attached hereto and made a part hereof as the Exhibit hereto (the “Payments”). The obligation of Town to make the Payments shall be limited to amounts from the revenues from the Excise Taxes and the State Shared Revenues. Town shall receive a credit against amounts due equal to any amounts held in the Payment Fund and available for such purpose. If the balance available in the Payment Fund after a Payment is insufficient to make the next required payments of principal and interest due on the Obligations on the next date for payment thereof, Town shall pay any such deficiency in sufficient time to prevent default in the payment of principal of or interest on the Obligations falling due on such date. (Town shall also pay to Trustee its fees and expenses in accordance with the provisions of the Trust Agreement, to the United States of America any amounts required by Section 13(c), and all amounts necessary for compliance with the Continuing Disclosure Undertaking, provided, however, that failure of Town to pay such amounts with respect to the Continuing Disclosure Undertaking shall not be considered an event of default.) This Agreement shall be deemed and construed to be a “net purchase agreement,” and the Payments shall be an absolute net return to Seller, free and clear of any expenses or charges whatsoever, except as otherwise specifically provided herein. (d) The obligations of Town to make the Payments from the sources described herein and to comply with the other provisions hereof shall be absolute and unconditional and shall not be subject to any defense or any right of set-...

Term and Payments. Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the property

Term and Payments. Installer will perform installation of your PV System and lease it to you beginning on the Interconnection Date. Interconnection Date is the date that the PV System is turned on and generating power. Your Installer will notify you by phone when your PV System is ready to be turned on. Beginning on the Interconnection Date, Installer agrees to lease you the PV System for 20 years (the “Term” of this Agreement.) at no cost to you. During the Term of the lease, you will receive all the electricity generated by the PV System for free. At least thirty (30) days prior to the expiration of the Term, either party may provide the other party with written notice to terminate the Agreement at the end of the Term. In the event of termination, you agree to contact Installer within ninety (90) days to schedule your PV System’s removal, and the PV System will be removed at no cost to you. In the event neither party has provided the other party with notice to terminate prior to the end of the Term, this Agreement will continue until you request that the PV System be removed, at which time it will then be removed at no cost to you. You will continue to receive the free electricity generated by the PV System, and the terms of this Agreement will continue to apply to both parties until you purchase the PV System, elect to have it removed, or your Installer terminates this Agreement. Some substitution of equipment may be necessary due to supply constraints. Due to variation in equipment efficiency, it is possible that the number of modules or inverters may be increased or decreased to achieve the same output. Installer will notify you only if the size of the PV System increases or decreases by more than 5% as a result of equipment substitutions. Other PV System specifications will be provided to you separately. You do not owe any down payments or progress payments for installation of the PV System, nor will you make any other payments during the Term of this Agreement. Instead, you will assign to Installer the rebates and incentive rights as described in Section 7 and consent to Installer’s assignment of those rebates and incentive rights as described in Section 8.

Term and Payments. Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the property described in Exhibit A hereto (hereinafter, with all replacement parts, substitutions, proceeds, increases, additions, accessions, repairs and accessories incorporated therein or affixed thereto, referred to as the "Property") for the amounts to be paid in the sums (the "Lease Payments") and on the dates (the "Lease Payment Dates") set forth in Exhibit B hereto. Except as specifically provided in Section 2 hereof, the obligation of the Lessee to make the Lease Payments called for in Exhibit B hereto shall be absolute and unconditional in all events and shall not be subject to any set-off, defense, counterclaim, or recoupment for any reason. The term of the lease hereunder shall commence upon the dated date of the Exhibit B and shall continue until the end of the Lessee's current fiscal period and thereafter for such additional fiscal periods as are necessary to complete the anticipated total lease term as set forth in Exhibit B, unless earlier terminated as provided herein.

Term and Payments. (a) In order to finance the costs of the Projects, City hereby sells and conveys any interests it has in the Projects to Trustee, without warranty, for the sum of $10.00 and other valuable consideration had and received. For the amounts payable pursuant hereto (including the Payments), Trustee in turn hereby sells and conveys back to City, without warranty, and City hereby purchases from Trustee, any interests Trustee has in the Projects. (City acknowledges that the right of Trustee to sell the Projects arises out of the deposits for the benefit of City to the Costs of Issuance Fund and the Acquisition Fund and that City is receiving good and valuable consideration from both such sales.) (b) As the purchase price, City shall pay the Payments to Trustee. (The Interest Portion is interest for purposes of the Code.) This Agreement shall be deemed and construed to be a “net purchase agreement,” and the Payments shall be an absolute net return to Trustee, free and clear of any expenses or charges whatsoever, except as otherwise specifically provided herein. City shall further also pay to Trustee its fees and expenses in accordance with the provisions of the Trust Agreement and to the United States of America any amounts required by Section 11(b)(ii). (1) an amount equal to the difference between (A) the amount of interest that would have been paid to such Owner during the period for which such interest is included in the gross income of such Owner if an Obligation had borne interest at the Taxable Rate, beginning on the Taxable Date (the “Taxable Period”), and (B) the corresponding Interest Portion actually paid to the Owner (or former Owner, as the case may be) during the Taxable Period, and (2) to the extent permitted by applicable law, an amount equal to any interest, penalties or charges owed by such Owner (or former Owner, as the case may be) as a result of the Interest Portion becoming included in the gross income of such Owner (or former Owner, as the case may be), together with any and all (c) The obligation of City to pay the amounts described in paragraph (b) hereof (including the Payments) from the sources described herein and to comply with the other provisions hereof shall be absolute and unconditional and shall not be subject to any defense or any right of set-off, abatement, counterclaim, or recoupment arising out of any breach by Trustee of any obligation to City or otherwise, or out of indebtedness or liability at any time owing to City by Trus...

Term and Payments. Lessor shall deposit the full principal amount listed above by or on ____________________________________, 20_____ in the following account of Lessee: _________________________________________ _________________________________________ _________________________________________ (unless Lessee provides the Lessor with a written notice instructing the Lessor to do otherwise). All Lease Payments shall be made by Lessee to the following account of the Lessor: _________________________________________ _________________________________________ _________________________________________ (unless Lessor provides the Lessee with a written notice instructing the Lessee to do otherwise). Lease Payments are per the table below. Installment payments shall be monthly and in arrears payable commencing on the due date for Payment #1 listed below, provided, however, if the date Lessee issues a Certificate of Final Acceptance pursuant to Section 1.4 of the Master Lease Purchase Agreement (the “Commencement Date”) is after the due date for Payment #1 listed below, the due date for Payment #1 shall be adjusted to the date that is thirty (30) days after the Commencement Date and all due dates for subsequent payments shall be adjusted to dates that are thirty (30) days after the immediately preceding due date. Lessee has the option to prepay the Lease Payments by paying the Prepayment Balance shown in the table below, plus any other amounts due and owing at the time of prepayment.

Term and Payments. 1.1 This Agreement shall have full force and effect on and from the Commencement Date and shall (unless it is terminated in accordance with its terms) continue in force for a period of [***] from the Commencement Date (the "Initial Term"). 1.2 Unless terminated earlier in accordance with its terms (including this section 1.2), this Agreement shall automatically extend for a period of [***] (the "Renewal Term") at the end of the Initial Term and (if applicable) at the end of each Renewal Term. If a party does not wish for this Agreement to continue for a Renewal Term, it must give written notice of termination to the other party no earlier than six (6) months and no later than three (3) months before the end of the Initial Term (or then-current Renewal Term, as the case may be), such notice period not to expire before the end of the Initial Term (or then-current Renewal Term, as the case may be). The Initial Term and any Renewal Term (if applicable) are, together, the "Term" of this Agreement. 1.3 On the Commencement Date, the Client shall pay the Center Set Up Cost to IWG or its nominee. 1.4 IWG shall pay the Client Net Revenue to the Client in accordance with Schedule 3 and shall be entitled to deduct the Operating Costs, the IWG Platform Fee and the IWG Management Fee from Gross Revenue.

Term and Payments. (a) If a Notice of Withdrawal is given by Lender pursuant to the Security Agreement, then the principal amount hereof, together with interest accruing thereon, shall be due and payable on December 31, 2012. Notwithstanding the foregoing, if an Event of Default set forth in subsections (a) through (e) of Section 5.1 of the Security Agreement shall occur following such Notice of Withdrawal, then the principal amount hereof, together with interest accruing thereon, shall be due and payable upon such Event of Default; provided, however, that for purposes of this sentence Borrower's failure to perform the covenants set forth in Sections 4.9 or 4.10 of the Security Agreement shall not be deemed an Event of Default. (b) If no Notice of Withdrawal is given by Lender pursuant to the Security Agreement and the Case is timely initiated by B▇▇▇▇▇▇▇, but Lender shall thereafter default in the performance of its obligations with respect to the DIP Loan or the APA, then the principal amount hereof, together with interest accruing thereon, shall be due and payable in full on December 31, 2012. Notwithstanding the foregoing, if an Event of Default set forth in subsections (a) through (e) of Section 5.1 of the Security Agreement shall occur following Lender's default in the performance of its obligations with respect to the DIP Loan or the APA , then the principal amount hereof, together with interest accruing thereon, shall be due and payable upon such Event of Default; provided, however, that for purposes of this sentence Borrower's failure to perform the covenants set forth in Sections 4.9 or 4.10 of the Security Agreement shall not be deemed an Event of Default. (c) If no Notice of Withdrawal is given by Lender pursuant to the Security Agreement and Lender shall otherwise be in compliance with its obligations with respect to the DIP Loan and the APA (to the extent then applicable), then the principal amount hereof, together with interest accruing thereon, shall be due and payable in full on the earlier of: (i) The date upon which the DIP Loan is approved by the Bankruptcy Court on an interim basis and funding thereof is consummated; or (ii) The date upon which debtor-in-possession financing from a source other than Lender is approved by the Bankruptcy Court on an interim basis and funding thereof is consummated; or (iii) The date that is fifteen (15) days after initiation of the Case unless, on or before such date (x) an interim order approving debtor-in-possession fina...

Term and Payments. The term of this Agreement shall commence on the day of the month in which the Equipment is delivered to Buyer or ▇▇▇▇▇'s agent. The monthly payments hereunder shall commence and be due on the first day of the month following the date on which the Equipment has been delivered to Buyer or its agent, and payments shall be paid on the first day of each successive month thereafter for the full Term. The Buyer also agrees to make said payments by pre-authorized bank debit only and further agrees to execute the necessary documents required to do so, in form and substance satisfactory to the Seller. ▇▇▇▇▇'s obligation to make payments and all other obligations hereunder shall be absolute and unconditional