Anticipated Payments Clause Samples

The Anticipated Payments clause defines the terms under which payments are expected to be made before the completion of certain obligations or milestones. Typically, this clause outlines the schedule, amounts, and conditions for advance or progress payments, such as requiring partial payments at specific project stages or upon delivery of materials. Its core practical function is to ensure that the party providing goods or services receives timely compensation, thereby supporting cash flow and reducing financial risk during the course of a project or contract.
POPULAR SAMPLE Copied 1 times
Anticipated Payments. For purposes of the calculation of the Required Expense Amount by the Administrative Agent pursuant to Section 2.04(a)(ii) of the Administrative Agency Agreement, not less than one Business Day prior to each Calculation Date, the Servicer shall deliver to the Administrative Agent a written projection of payment obligations (including projected expenditures, or return to Lessees, of security deposits and/or maintenance reserves in accordance with the terms of any Lease) reasonably anticipated by the Servicer to be necessary to be paid in connection with the Servicer's performance of the Services under the Servicing Agreement during the period extending from the Payment Date immediately following such Calculation Date through to the next succeeding Payment Date (the "MONTHLY PAYMENT PERIOD"). Not later than two Business Days prior to the date of each cash payment, the Servicer shall deliver to
View Source
Anticipated Payments. For purposes of the calculation of the Required Expense Amount by the Administrative Agent, the Servicer shall deliver to the Administrative Agent, not less than one Business Day prior to each Calculation Date, a written projection of payment obligations for Asset Expenses and a written projection of disbursements of Usage Fees and security deposits in accordance with the terms of any Lease, in each case reasonably anticipated by the Servicer to be necessary to be paid or disbursed in connection with the Servicer’s performance of the Services under the Agreement during the period extending from the Payment Date immediately following such Calculation Date to but not including the next succeeding Payment Date (the “Monthly Payment Period”). The Servicer shall be authorized to direct the Indenture Trustee in writing to make disbursements from the Expense Account of all Expenses on such projection and of all Usage Fees and security deposits on such projection from time to time during such Monthly Payment Period.
View SourceView Similar (9)
Anticipated Payments. For purposes of the calculation of the required expenses by the Cash Manager pursuant to the Cash Management Agreement, not less than one Business Day prior to each Calculation Date, the Servicer shall deliver to the Cash Manager a written projection of payment obligations (including projected expenditures, or return to Lessees, of Security Deposits or Maintenance Reserves in accordance with the terms of any Lease) reasonably anticipated by the Servicer to be necessary to be paid in connection with the Servicer's performance of the Services under this Agreement during the period extending from the Payment Date immediately following such Calculation Date through to the next succeeding Payment Date (the "MONTHLY PAYMENT PERIOD"). Not less than five Business Days prior to the first Business Day of each week, the Servicer shall deliver to the Cash Manager a list specifying each cash payment projected to be made during such week (whether or not such cash payment was reflected in the projection referred to in this Section 6.03(a)), and shall state (i) the anticipated date of such payment, (ii) the payee, (iii) the amount of such payment, (iv) the obligation in respect of which such payment is to be made (the "STATED SERVICES OBLIGATION") and (v) the account from which such payment should be made. Not later than two Business Days prior to the date of each payment set forth on such list, the Cash Manager shall deliver to the Servicer a written notice of such proposed payment, restating the date, payee and amount relating to such payment. Not later than the Business Day prior to the date of such proposed payment, the Cash Manager shall notify the Servicer in writing whether the proposed payment is approved or disapproved. If such payment is approved, the Cash Manager shall pay or cause such payment to be made to the payee for the Stated Services Obligation from the funds then available in the relevant account, as the case may be. If such payment is not approved, the Cash Manager shall advise the Servicer in writing as to reasons therefor and the Cash Manager shall not proceed with such transfer.
View SourceView Similar (9)
Anticipated Payments. For purposes of the calculation of the required expenses by the Cash Manager pursuant to the Cash Management Agreement, not less than one Business Day prior to each Calculation Date, the Servicer shall deliver to the Cash Manager a written
View Source
Anticipated Payments. For purposes of the calculation of the Required Expense Amount by the [Cash Manager pursuant to Section 2.03 of the Cash Management Agreement], not less than one Business Day prior to each Calculation Date, the Servicer shall deliver to the [Cash Manager and] the Administrative Agent a written projection of payment obligations (including projected expenditures (including maintenance contribution payments, airworthiness directive payments and redelivery condition payments), or return to Lessees of security deposits in accordance with the terms of any Lease) reasonably anticipated by the Servicer to be necessary to be paid in connection with the Servicer’s performance of the Services under the Servicing Agreement during the period extending from the Payment Date immediately following such Calculation Date through to the next succeeding Payment Date (the “Monthly Payment Period”). Not later than two Business Days prior to the date of each cash payment, the Servicer shall deliver to [the Cash Manager and] the Administrative Agent a written notice of such payment (whether or not such cash payment was reflected in the projection referred to in this Section SCHEDULE 2.02(a) TO SERVICING AGREEMENT
View Source
Anticipated Payments. For purposes of the calculation of the Required Expense Amount by the Administrative Agent, the Servicer shall deliver to the Administrative Agent, not [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. Confidential Treatment Requested: Information for which confidential treatment has been requested is omitted and is noted with asterisks. An unredacted version of this document has been filed separately with the Securities and Exchange Commission. less than one Business Day prior to each Calculation Date, a written projection of payment obligations for Asset Expenses and a written projection of disbursements of Usage Fees and security deposits in accordance with the terms of any Lease, in each case reasonably anticipated by the Servicer to be necessary to be paid or disbursed in connection with the Servicer’s performance of the Services under the Agreement during the period extending from the Payment Date immediately following such Calculation Date to but not including the next succeeding Payment Date (the “Monthly Payment Period”). The Servicer shall be authorized to direct the Indenture Trustee in writing to make disbursements from the Expense Account of all Expenses on such projection and of all Usage Fees and security deposits on such projection from time to time during such Monthly Payment Period.
View Source
Anticipated Payments. In the event that the BORROWER should decide to pay totally or partially the unpaid balance of the Credit, it shall send BANCOMER a written notification 5 (five) natural days in advance, indicating the date in which the anticipated payment shall be made and the amount of same, in the understanding that all anticipated payments shall 1) be made on the Date of Payment of the Principal; and 2) be made together with the accumulated unpaid interest up to the date of the said anticipated payment. The above mentioned prepayments are not subject to premium or penalty, but if the anticipated payment is made on a date different from a Date of Payment of Principal and Interest, the BORROWER shall pay BANCOMER an amount equal to the amount which BANCOMER has to pay to its source of funds for making prepayments on dates different from a Date of Payment of Principal and Interest. This amount shall be determined by BANCOMER at the time when the BORROWER notifies the prepayment, under the terms above provided, and shall be payable jointly with the anticipated payment.
View Source

Related to Anticipated Payments

  • Restricted Payments Make any Restricted Payments, except as follows: (a) (i) Borrowers may pay dividends or other distributions payable solely in shares of capital stock of any Borrower or any Subsidiary or (ii) a Subsidiary may pay dividends or other distributions to any Borrower or to another Subsidiary; provided that the total of all such dividends or other distributions to Subsidiaries which are not Guarantors shall not exceed $300,000 over the life of this Agreement, and provided further that if (1) a Default or Event of Default shall have occurred and be continuing or (2) the Leverage Ratio (determined on a pro forma basis after giving effect to such transaction) is greater than 2.00 to 1.00, no such dividends or other distributions shall be paid by any Guarantor to any Subsidiary which is not also a Guarantor; provided, however, that this clause (a) shall not restrict dividends or other distributions from Subsidiaries which are not Guarantors to other Subsidiaries which are not Guarantors; (b) any Borrower may distribute rights pursuant to a shareholder rights plan or redeem such rights, provided that such redemption is in accordance with the terms of such shareholder rights plan; (c) any Borrower may make Restricted Payments in connection with or pursuant to any of its (i) Employee Benefits Plans or in connection with the employment, termination or compensation of its service providers, employees, officers or directors, and (ii) to repurchase Equity Securities of a Borrower which a shareholder is selling whether such repurchase is pursuant to a repurchase right or otherwise, provided, however, that with respect to (c)(ii) above, such Restricted Payments may not exceed $1,000,000 in the aggregate at any time there are Outstanding Obligations; and Adesto Technologies Corporation Credit Agreement (d) any Subsidiary of any Borrower may declare or pay any ratable dividends in respect of its Equity Securities or purchase or redeem shares of its Equity Securities or make distributions to shareholders not otherwise permitted hereunder, provided that (i) the aggregate amount paid or distributed in any period of four consecutive quarters (excluding any amounts covered by subsection (b) above) does not exceed 5% of Consolidated Tangible Net Worth as determined as of the fiscal quarter immediately preceding the date of determination; and (ii) when combined with the amount of all purchases of Equity Securities made under Section 7.06(e), the total of all such dividends, purchases or redemptions shall not exceed the sum of $100,000 in the aggregate over the life of this Agreement; provided, further, that the provisions of this clause (f), shall not restrict any Subsidiary from declaring or paying dividends to any Borrower or to any wholly owned Subsidiary of Borrower.

  • Delayed Payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.