Disposition of Revenues Sample Clauses

Disposition of Revenues. 3.1 All revenues and other payments received by Seller under the Power Purchase Agreement (the "SCE Payments") shall be held in a separate bank account in trust for the benefit of the Series B Partnership and Zond. The Series B Partnership and Zond acknowledge that all SCE Payments received by Seller under the Purchase Power Agreement will initially be paid by Edison to Zond in Zond's capacity as Project Manager. The Series B Partnership and Zond agree that, as between the Series B Partnership and Zond, such SCE Payments allocated herein to the Series B Partnership are the sole property of the Series B Partnership, that Zond has no right, title or interest in or to such SCE Payments and that Zond holds such SCE Payments in trust solely as agent for the Series B Partnership, to be paid over to the Series B Partnership by Zond as provided herein. 3.2 The gross revenues for energy and capacity delivered to Edison during each monthly billing period under the Power Purchase Agreement shall be allocated between the Series B Partnership and Zond on the basis of the production of electric power generated by each of the Partnership Turbines and Zond Turbines, respectively, as measured by the individual kilowatt hour meter for each turbine during the relevant period for which such payment is made, subject to the terms and conditions of the Power Purchase Agreement, including, without limitation, the provisions for application of a loss compensation factor. 3.3 Promptly after receipt of each monthly SCE Payment, Zond will allocate such payment between the Series B Partnership and Zond in accordance with Section 3.2 above. Zond will provide a written statement and accounting of the allocation made as to each SCE Payment. If the Series B Partnership disputes the allocation of a SCE Payment, the disputed amount(s) shall be held by Zond in a separate escrow account for future disposition once Zond and the Series B Partnership have reached agreement on its proper allocation or the dispute is otherwise resolved. The Series B Partnership and Zond agree that if the allocation of disputed amounts cannot be resolved between them, such allocation shall be determined by an independent certified public accountant mutually acceptable to both parties. If the parties are unable to agree upon the selection of a certified public accountant to determine the allocation of such disputed amounts, such allocation shall be determined pursuant to an arbitration proceeding, as set forth below...
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Disposition of Revenues. The moneys in the Revenue Fund shall be disbursed and applied by the Authority on the first day of each month only in the following manner and order of priority:
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Disposition of Revenues. (a) The revenues resulting from any rent, use, or other payments made to the Authority with respect to the real properties and contracts described in Section 1 and 2 above shall be used as follows: Authority; (i) First, to provide for the payment of the operating expenses of the (ii) Second, any excess revenues shall be used to: (A) establish an operating reserve for the Authority, which shall in no event exceed an amount equal to 100% of the operating expenses incurred by the Authority in its previous fiscal year; and (B) reimburse the Metropolitan Government for its payment of the operating expenses of the Authority and the cost of any administrative services provided to the Authority pursuant to Section 7 hereof. For purposes of this subsection, excess revenues shall be allocated equally between the purposes of clauses (A) and (B) until such time as either clause (A) or (B) has been fully satisfied, at which time any remaining excess revenues shall be allocated entirely to the purposes of the clause that has not yet been fully satisfied; and (iii) Third, for remittance to the Metropolitan Government General Fund. (b) Notwithstanding anything in this Section 6 to the contrary, any moneys paid to or collected by the Authority pursuant to any tax increment, special assessment or other incentive or funding program approved by the Metropolitan Council shall be applied pursuant to the terms of such program. (c) The Authority shall not spend or commit the revenues described in subsection (a) with respect to any capital improvement project without the prior approval of the Metropolitan Council.
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Disposition of Revenues. Public Law 106-549 does not specify the disposition of revenues generated from the resulting contracts. Section 8 of the WCUA provides for the following disposition of revenues: Because Public Law 106-549 is an amendment to the WCUA, Reclamation intend to credit all Federal revenues generated from carriage contracts under Public Law 106-549 according to the above provision of the WCUA.
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Disposition of Revenues. (a) The revenues resulting from any rent, use, or other payments made to the Authority with respect to the real properties and contracts described in Section 1 and 2 above shall be used as follows: Authority; (i) First, to provide for the payment of the operating expenses of the (ii) Second, any excess revenues shall be allocated equally between: (A) Establishing an operating reserve for the Authority, which shall in no event exceed an amount equal to 100% of the operating expenses incurred by the Authority in its previous fiscal year; and (B) Reimbursing the Metropolitan Government for its payment of the operating expenses of the Authority and the cost of any administrative services provided to the Authority pursuant to Section 7 hereof. (iii) Third, for remittance to the Metropolitan Government General Fund. (b) Notwithstanding anything in this Section 6 to the contrary, any moneys paid to or collected by the Authority pursuant to any tax increment, special assessment or other incentive or funding program approved by the Metropolitan Council shall be applied pursuant to the terms of such program. (c) The Authority shall not spend or commit the revenues described in subsection (a) with respect to any capital improvement project without the prior approval of the Metropolitan Council.
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Disposition of Revenues 
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Related to Disposition of Revenues

  • Dispositions and Involuntary Dispositions The Issuer shall promptly (and, in any event, within three (3) Business Days) upon the receipt by any Note Party or any Subsidiary of the Net Cash Proceeds of any Disposition or Involuntary Disposition (other than, so long as no Default or Event of Default exists at the time prepayment would otherwise be required pursuant to this Section 2.07(b)(i), where such Net Cash Proceeds of Dispositions and Involuntary Dispositions do not exceed (x) prior to the Combination Closing Date, $1,000,000 and (y) on or after the Combination Closing Date, $3,000,000, in each case, in the aggregate in any fiscal year ((x) or (y), as applicable, the “De Minimis Disposition Proceeds”)) apply 100% of such Net Cash Proceeds to prepay the Notes, the accrued but unpaid interest thereon and, subject to Section 2.12 of the Intercreditor Agreement, the Call Premium, if any, payable thereon, to the extent such Net Cash Proceeds are not reinvested in Eligible Assets (x) prior to the Combination Closing Date, within 90 days of the date of such Disposition or Involuntary Disposition or (y) on or after the Combination Closing Date, (i) within twelve months following receipt of such Net Cash Proceeds or (ii) if the Issuer or any Subsidiary enters into a legally binding commitment to reinvest such Net Cash Proceeds within twelve months following receipt thereof, within the later of (A) twelve months following receipt of such Net Cash Proceeds and (B) 180 days of the date of such legally binding commitment; provided, that if at the time that any such prepayment would be required, the Issuer is also required to prepay the Lockheed ▇▇▇▇▇▇ Senior Secured Notes (to the extent required by the NPA) with any portion of such Net Cash Proceeds, then the Issuer may apply such portion of the Net Cash Proceeds on a pro rata basis (as determined in accordance with Section 2.12 of the Intercreditor Agreement) and any Declined Proceeds pursuant to clause (iv) below, in each case, to the prepayment of such outstanding amounts, plus accrued and unpaid interest thereon, under the NPA. Notwithstanding the foregoing, the Issuer and its Subsidiaries may not exercise the reinvestment rights set forth in the preceding sentence with respect to the Net Cash Proceeds (other than the De Minimis Disposition Proceeds) in excess of $10,000,000 in the aggregate. Any prepayment pursuant to this clause (i) shall be applied as set forth in clause (iv) below.

  • Data Disposition When the contracted work has been completed or when the Data is no longer needed, except as noted above in Section 5.b, Data shall be returned to DSHS or destroyed. Media on which Data may be stored and associated acceptable methods of destruction are as follows: Data stored on: Will be destroyed by:

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • DISPOSITION OF EQUIPMENT The Grantee shall provide to the State, not less than 30 calendar days prior to submission of the final invoice, an itemized inventory of equipment purchased with funds provided by the State. The inventory shall include all items with a current estimated fair market value of more than $5,000.00 per item. Within 60 calendar days of receipt of such inventory the State shall provide the Grantee with a list of the items on the inventory that the State will take title to. All other items shall become the property of the Grantee. The State shall arrange for delivery from the Grantee of items that it takes title to. Cost of transportation, if any, shall be borne by the State.

  • Disposition Fees If the Advisor or any of its Affiliates provide a substantial amount of services (as determined by the Conflicts Committee) in connection with a Sale, the Advisor or such Affiliate shall receive a fee at the closing (the “Disposition Fee”) equal to 1% of the Contract Sales Price; provided, however, that if in connection with such Sale commissions are paid to third parties other than the Advisor or its Affiliates, the fee paid to the Advisor or any of its Affiliates may not exceed the commissions paid to such unaffiliated third parties; and provided further that no Disposition Fee shall be payable to the Advisor for any Sale if such Sale involves the Company selling all or substantially all of its assets in one or more transactions designed to effectuate a business combination transaction (as opposed to a Company liquidation, in which case the Disposition Fee would be payable if the Advisor or an Affiliate provides a substantial amount of services as provided above). The payment of any Disposition Fees by the Company shall be subject to the limitations contained in the Company’s Charter. Any Disposition Fee payable under this Section 8.03 may be paid in addition to commissions paid to non-Affiliates, provided that the total commissions (including such Disposition Fee) paid to all Persons by the Company for each Sale shall not exceed an amount equal to the lesser of (i) 6% of the aggregate Contract Sales Price of each Property, Loan or other Permitted Investment or (ii) the Competitive Real Estate Commission for each Property, Loan or other Permitted Investment. The Advisor shall submit an invoice to the Company following the closing or closings of each disposition, accompanied by a computation of the Disposition Fee. Generally, the Disposition Fee payable to the Advisor shall be paid at the closing of the transaction upon receipt of the invoice by the Company. However, the Disposition Fee may or may not be taken, in whole or in part, as to any year in the sole discretion of the Advisor. All or any portion of the Disposition Fees not taken as to any fiscal year shall be deferred without interest and may be paid in such other fiscal year as the Advisor shall determine.