Collection and Distribution Sample Clauses
The COLLECTION AND DISTRIBUTION clause defines how funds, payments, or other assets are gathered and subsequently allocated among relevant parties under the agreement. Typically, this clause outlines the procedures for collecting monies—such as revenues, royalties, or fees—and specifies the order and method by which these amounts are distributed, for example, to cover expenses, pay creditors, or remit profits to stakeholders. Its core function is to ensure transparency and fairness in the handling of financial flows, reducing disputes by clearly establishing the process for managing and dividing collected resources.
Collection and Distribution. Operator shall provide to all parties hereto within sixty (60) days of permanent determination of Gas production a final accounting of the Gas balance. Overproduced Parties, within thirty (30) days of receipt of the final accounting of the Gas balance, shall pay their respective shares of the above described cash settlement to the Underproduced Parties in that proportion that each such Underproduced Party's volume of gas in storage bears to the total of all Underproduced Parties' volumes of gas in storage.
Collection and Distribution ss. 2.01. Collections on the Receivables...............................6 ss. 2.02. Establishment of Lender Reserve; Distributions...............6 ss. 2.03.
Collection and Distribution. 8.4.1 Except as otherwise provided in this Article or any applicable Agency Agreement, Senior Lenders collectively, acting through Administrative Agent, shall be entitled from time to time to a share of all payments of principal, interest, and other amounts received in respect of the Senior Obligations, as well as the net proceeds from all Collateral. With respect to any such sums payable to Senior Lenders (through Administrative Agent) subject to the terms of any applicable Agency Agreement, each individual Senior Lender shall be entitled at any particular time to: (i) its Pro Rata Share of all principal payments allocable to the Senior Loan to which any voluntary or mandatory payments or prepayments are to be applied; (ii) its Pro Rata Share of interest paid with respect to the Senior Loan; (iii) its Pro Rata Share of all net proceeds and other amounts received from the Collateral following acceleration of the Loans and allocable to the Senior Loan; and (iv) its Pro Rata Share of all other amounts received in respect of the Senior Obligations.
8.4.2 Notwithstanding the provisions of SECTION 8.4.1, above, except to the extent expressly provided in any applicable Agency Agreement, no other Senior Lender shall be entitled to any share of: (i) any and all agency, advisory, administrative or other fees payable to Administrative Agent or its Affiliates pursuant to the fee letter agreements, if any, between Borrower and Deutsche Bank AG Cayman Islands Branch, Deutsche Bank AG New York Branch, or their Affiliates, executed in conjunction with the Loan, as the same may be supplemented, modified, amended, restated or replaced from time to time; and (ii) any payment, reimbursement or other indemnity to Administrative Agent or any other indemnified person under this Agreement or any other Loan Document with respect to any claims, liabilities, losses or expenses not theretofore funded by the claiming Senior Lender(s). Furthermore, except as otherwise provided in this Article and in any applicable Agency Agreement, any payment received in respect of Borrower's obligation (if any) to reimburse the Senior Lenders for certain increased costs and reduced receipts under SECTION 2.5.1 of this Agreement, as well as any net proceeds from Collateral to be applied to such Obligations, shall be shared by the Senior Lenders in proportion to their respective increased costs and reduced receipts.
8.4.3 Except as otherwise provided in this Article, Collateral Agent shall receive all...
Collection and Distribution. Under and/or in connection with this Agreement, any and all revenue and/or other monies generated, paid and/or otherwise collected for products hereunder shall at all times be deposited solely into IWS bank accounts.
Collection and Distribution. Section 2.01. Collections on the Receivables 4 Section 2.02. Distributions 5 Section 2.03. Distribution of Funds at the Maturity Date or Upon an Event of Default 5 Section 2.04. Distributions to the Borrower Generally 5
Collection and Distribution. ARTICLE IV. REPRESENTATIONS AND WARRANTIES; COVENANTS; EVENTS OF DEFAULT ARTICLE V. SECURITY ARTICLE VI. MISCELLANEOUS EXHIBIT I. DEFINITIONS EXHIBIT II. CONDITIONS OF ADVANCES EXHIBIT III. REPRESENTATIONS AND WARRANTIES EXHIBIT IV. COVENANTS EXHIBIT V. EVENTS OF DEFAULT EXHIBIT VI. ELIGIBILITY CRITERIA EXHIBIT VII FORM OF BORROWING BASE CERTIFICATE EXHIBIT VIII-A FORM OF DEPOSITARY AGREEMENT EXHIBIT VIII-B FORM OF CONCENTRATION ACCOUNT AGREEMENT EXHIBIT IX FORM OF OPINION OF COUNSEL EXHIBIT X FORM OF PARENT PLEDGE EXHIBIT XI RECEIVABLE INFORMATION EXHIBIT XII PRIMARY SERVICING RESPONSIBILITIES EXHIBIT XIII SERVICER TERMINATION EVENTS EXHIBIT XIV INTERFACE WITH THE MASTER SERVICER SCHEDULE I ADDRESSES FOR NOTICE SCHEDULE II CREDIT AND COLLECTION POLICY SCHEDULE III DISCLOSURES [TO BE DELIVERED BY BORROWER] SCHEDULE IV LOCKBOX INFORMATION
Collection and Distribution. 2.01. Collections on the Receivables 6 2.02. Distributions 6
Collection and Distribution. Section 2.01. Collections on the Receivables 7 Section 2.02.
Collection and Distribution. 31 5.1. Collections on the Receivables; Distributions ................................................................... 31 5.2. Distribution of Funds to the Lenders ................................................................................ 31 5.3. Servicing Receivables ........................................................................................................ 32 5.4.
Collection and Distribution ss. 3.01. Collections on the Receivables............................8 ss. 3.02.