Direction of Payment Sample Clauses
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Direction of Payment. The Assignor hereby authorizes and directs the United States of America to make all payments due under the Contract directly to the Assignee, in accordance with any payment instructions received therefrom, by checks or other orders, payable to the Assignee, and constitutes and appoints the Assignee its true and lawful attorney, irrevocably with full power of substitution for it, in its name or in the name of the Assignor or otherwise, to ask, require, demand and receive and give acquittance for any and all said monies due or to become due, and to endorse the name of the Assignor on any checks, drafts or other orders for the payment of money payable to the Assignor in payment thereof.
Direction of Payment. No Loan Party shall revoke, or permit to be revoked, any Direction of Payment.
Direction of Payment. American shall provide confirmation that a Direction of Payment has been delivered to a sufficient number of counterparties under AAdvantage Agreements to cause at least 90% of the AAdvantage Revenues to be directly deposited into the Collection Account.
Direction of Payment. Delta shall provide confirmation that a Direction of Payment has been delivered to a sufficient number of counterparties under SkyMiles Agreements to cause at least 90% of the SkyMiles Revenues to be directly deposited into the Collection Account.
Direction of Payment. Other than as required pursuant to Section 5.14(b) for any successor account that becomes the MPH Revenue Account, no Loan Party shall revoke, or permit to be revoked, any Direction of Payment.
Direction of Payment. “Property Manager’s Irrevocable Direction of Payment” shall mean the Property Manager’s direction of payment described in Subsection 2(c)(17).
Direction of Payment. Our required provision is: Checks shall be made payable to ‘Maine Medical Center’ and mailed to Maine Medical Center c/o ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, Director, Financial Services, ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Portland, ME ▇▇▇▇▇-▇▇▇▇; Tax ID #▇▇-▇▇▇▇▇▇▇. All payments shall be accompanied by a cover statement that refers to the name of the study and principal investigator and refers to what the payment covers – i.e., quarterly scheduled payment, payment per Study participant, completion of edited case reports, etc.
Direction of Payment. The Company and Parent Guarantors shall provide confirmation that (except as contemplated by Section 4.03(f)) a Direction of Payment has been delivered to each counterparty under a MileagePlus Agreement.
Direction of Payment. By its intervention hereto, Roche hereby irrevocably -------------------- directs the Purchaser to satisfy the Capital Contributions referred to in section 3(b) as follows:
(a) the Purchaser shall pay on the Funding Date to London Guarantee Insurance Company the amount of three million five hundred forty thousand eight hundred and seventy-three dollars (Cdn$3,540,873) plus interest thereon from the date hereof at the annual rate of interest equal to the prime rate of the Bank of Montreal from time to time, plus one percent (1%), such payment to be in satisfaction of Roche's obligation to reimburse London Guarantee Insurance Company of amounts paid on behalf of Roche to settle litigation instituted by ▇▇▇▇▇▇▇▇▇▇▇ in connection with the Pembroke Project;
(b) the Purchaser pay on the Funding Date to Axa Boreal Insurance Inc. the amount of four million forty-six thousand seven hundred and thirteen dollars (Cdn$4,046,713) plus interest thereon from the date hereof at the annual rate of interest equal to the prime rate of the Bank of Montreal from time to time, plus one percent (1%), such payment to be in satisfaction of Roche's obligation to reimburse Axa Boreal Insurance Inc. of amounts paid on behalf of Roche to settle litigation instituted by ▇▇▇▇▇▇▇▇▇▇▇ in connection with the Pembroke Project; and
(c) the Purchaser shall pay on the Funding Date to ▇▇▇▇▇▇ ▇▇▇▇▇ in trust the amount of two million eighty-six thousand seven hundred eighty-four dollars (Cdn$2,086,784) plus interest thereon from the date hereof at the annual rate of interest equal to the prime rate of the Bank of Montreal from time to time, plus one percent (1%), such payment to be used to repay all promissory notes given as consideration on repurchases of shares of the Corporation and New Roche as set forth in steps 3, 4, 12, 17 and 19 of the memorandum of Le Groupe ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ attached as Schedule 1.1.46 to the Share Purchase Agreement, to the extent not paid on the Closing Date pursuant to section 3(a).
Direction of Payment. 109 Section 6.13 IP Agreements.......................................................................................... 110