Assignment and Payment Sample Clauses

The 'Assignment and Payment' clause governs the transfer of contractual rights or obligations from one party to another and outlines the procedures for making payments under the agreement. Typically, it specifies whether a party can assign its rights or delegate its duties to a third party, and under what conditions such assignments are permitted, such as requiring prior written consent. Additionally, it details how and when payments should be made, including acceptable methods and timelines. This clause ensures that both parties understand the rules regarding changes in contract parties and payment logistics, thereby preventing unauthorized transfers and payment disputes.
Assignment and Payment. 29 3. Consideration....................................... 30 4.
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Assignment and Payment. As further security for the payment of all Secured Indebtedness and to facilitate the discharge of all such indebtedness and as cumulative of any and all rights herein provided for, Grantor hereby warrants, bargains, conveys, sells, transfers, assigns, sets over and delivers unto Lender, and Lender's successors and assigns, all of Grantor's net cash flow derived from the Deed of Trust Properties ("Net Cash Flow") including, but not limited to, revenues, throughput charges and other sources of income (collectively, "Proceeds") arising or resulting from Grantor's sale or transportation of natural gas, coal bed methane gas and other hydrocarbons pursuant to the Contracts and in the context of the River Crossing Project, and all Proceeds derived therefrom and all accounts and contract rights of Grantor under which such Proceeds may arise; and, it is the intention of the parties that such assignment of Net Cash Flow shall be a present assignment. As used herein, the term "Net Cash Flow" shall mean gross Proceeds derived by Grantor with respect to the Deed of Trust Properties, less and except (i) the actual costs incurred and paid by Grantor of operating, maintaining and (if approved by Lender as contemplated in Section 2.02(k) above) improving the Deed of Trust Properties (but excluding any cost or expense payable by Grantor to parties affiliated with Grantor if Grantor's agreement or arrangement with its affiliate was not pre-approved by Lender, or, if pre-approved by Lender, such cost or expense exceeds rates or charges usual and customary in arm's-length transactions of similar type and character), (ii) the actual costs incurred and paid by Grantor in the purchase of any natural gas, coal bed methane gas or other hydrocarbons to be transported through the Facilities, and (iii) Grantor's internal general and administrative expenses not to exceed $1,000 per month. Notwithstanding the present nature of this assignment, Grantor shall be entitled to receive all Net Cash Flow until the Grantor receives a valid written notice from Lender ("Lender's Notice") of a Default, as defined in Section 6.01.
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Assignment and Payment. The Authority shall assign the Available Water based upon Customer request and written confirmation by their governing body of the corresponding payment obligations under this Contract. Customers may request Available Water from the Redistribution Pool for the corresponding time frame of their need for additional water. If there is more demand for water than there is Available Water in a given year, the Authority shall distribute the water on pro-rata basis based on the proportionate Customer demand in the New Water Supply Demands for the year at issue.
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Assignment and Payment 
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Related to Assignment and Payment

  • Rent and Payment Rent is due and payable in advance on the first day of each Rent Interval at the address specified in Lessor's invoice. Interim Rent is due and payable when invoiced. If any payment is not made when due, Lessee will pay a Late Charge on the overdue amount. Upon Lessee's execution of each Schedule, Lessee will pay Lessor the Advance specified on the Schedule. The Advance will be credited towards the final Rent payment if Lessee is not then in default. No interest will be paid on the Advance.

  • Additional Deposits and Payments (a) On the date specified in Section 3.6 hereof or Section 3.4 of the Purchase Agreement, as applicable, the Servicer and Santander Consumer, as applicable, will deposit into the Collection Account the aggregate Repurchase Price with respect to Repurchased Receivables purchased or repurchased by the Servicer or Santander Consumer, respectively, on such date, and on the Payment Date specified in Section 8.1, the Servicer will deposit into the Collection Account all amounts, if any, to be paid under Section 8.1. All such deposits with respect to any such date which is a Payment Date will be made, in immediately available funds by noon, New York City time, on the Business Day immediately preceding such Payment Date related to such Collection Period. (b) The Indenture Trustee will, on or before the Payment Date relating to each Collection Period, withdraw from the Reserve Account the Reserve Account Draw Amount and deposit such amounts in the Collection Account in accordance with the Servicer’s Certificate. (c) The Indenture Trustee will, on each Payment Date, withdraw from the Reserve Account (i) all investment earnings (net of investment losses and expenses on funds on deposit in the Reserve Account during the related Collection Period) and distribute such investment earnings to the Servicer and (ii) the Reserve Account Excess Amount, if any, for such Payment Date and deposit such amount in the Collection Account. (d) On the Closing Date the Seller will cause the amount available in the Reserve Account to equal the Initial Reserve Account Deposit Amount through a cash deposit from proceeds of the sale of the Notes. (e) On or prior to the third Business Day preceding each Determination Date, the Relevant Trustee shall send a written notice, or make such information available electronically, to the Servicer stating the amount of investment income earned, if any, during the related Collection Period on each Trust Account maintained at the Relevant Trustee.

  • Collection and Payment The Trustees shall have power to collect all property due to the Trust; to pay all claims, including taxes, against the Trust Property or the Trust, the Trustees or any officer, employee or agent of the Trust; to prosecute, defend, compromise or abandon any claims relating to the Trust Property or the Trust, or the Trustees or any officer, employee or agent of the Trust; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments. Except to the extent required for a corporation formed under the Delaware General Corporation Law, the Shareholders shall have no power to vote as to whether or not a court action, legal proceeding or claim should or should not be brought or maintained derivatively or as a class action on behalf of the Trust or the Shareholders.

  • Currencies of Tender and Payment 14.1 The currency (ies) of the Tender, the currency (ies) of award and the currency (ies) of contract payments shall be the same. 14.2 The Tenderer shall quote in Kenya shillings. If allowed in the TDS, the Tenderer may express the Tender price in any currency, provided it shall use no more than two foreign currencies in addition to the Kenya Shilling. 14.3 The rates of exchange to be used by the Tenderer shall be based on the exchange rates provided by the Central Bank of Kenya on the date 30 days prior to the actual date of tender opening.

  • Acceptance and Payment A holder of Notes may accept or reject the offer to prepay pursuant to this Section 8.8 by causing a notice of such acceptance or rejection to be delivered to the Company at least 10 days prior to the Asset Disposition Prepayment Date. A failure by a holder of the Notes to respond to an offer to prepay made pursuant to this Section 8.8 shall be deemed to constitute a rejection of such offer by such holder. If so accepted, such offered prepayment in respect of the Ratable Portion of the Notes of each holder that has accepted such offer shall be due and payable on the Asset Disposition Prepayment Date. Such offered prepayment shall be made at 100% of the aggregate Ratable Portion of the Notes of each holder that has accepted such offer, together with interest on that portion of the Notes then being prepaid accrued to the Asset Disposition Prepayment Date, but without any Make-Whole Amount. If any holder of a Note rejects or is deemed to have rejected such offer of prepayment, the Company may use the Ratable Portion for such Note for general corporate purposes.