First Due Date definition
Examples of First Due Date in a sentence
The lease of Leased Software granted hereunder shall continue for the term of one year (12 consecutive monthly payments), beginning on the First Due Date as stated hereunder, unless terminated pursuant to Section 10, or unless License is transmitted pursuant to Section 9, and subject to ▇▇▇▇▇▇'s proper performance of its obligations hereunder.
In addition, if the Disbursement Date is not the sixth(6th) calendar day of a month (or the next succeeding Business Day after such sixth (6th) calendar day if such calendar day is not a Business Day), an interest-only payment shall be due on the First Due Date.
In addition, if the Disbursement Date is not the first (1st) day of a calendar month, an interest-only payment pursuant to subsection (a) above shall be due on the Disbursement Date for interest due from and including the Disbursement Date to the last day of the month ending prior to the First Due Date.
Starting on the First Due Date and during the remaining term of the State Loan Note, shall only be required to encumber Funds sufficient to pay the amount of the principal and interest due under the State Loan Note in the fiscal year when such principal and interest is due which, in all events, shall be no more than the amount of principal and interest due under the State Loan Note in any given twelve (12) month period.
The parties hereto acknowledge that the Seller has applied to Canada Customs and Revenue Agency ("CCRA") for a comfort letter which would permit the Buyer to defer paying the amount on the First Due Date pending issuance of the Section 116 Certificate (a "Comfort Letter").