Issue of Units and Payment Thereon Clause Samples

Issue of Units and Payment Thereon. (a) If the Acquisition Time occurs by the Deadline, the Units shall be and shall be deemed to be issued to the Receiptholder in accordance with the right of such holder as described in Section 2.2(a) hereof (which right shall be and shall be deemed to be exercised upon the occurrence of the Acquisition Time) and such Units shall be deemed to be issued pursuant to the Trust Indenture at the Issue Time, notwithstanding that a certificate or a Book-Entry Only System customer confirmation therefor may not yet have been issued or entered, as the case may be, and the persons to whom such Units are to be issued in accordance with the provisions of this Agreement shall be deemed to have become the holders of record of such Units at the Issue Time. (b) If the Acquisition Time occurs by the Deadline, the Receiptholder shall be entitled from and after the Issue Time, but shall receive (subject to Section 3.1) no earlier than on the second Business Day following the Acquisition Date, an amount equal to (i) subject to the following provisions of this subsection 3.3(b), such holder’s pro rata share of any Earned Interest less applicable withholding taxes, if any, and (ii) the difference, if any, between the holder’s Acquisition Payment and such holder’s pro rata share of the Earned Interest, less applicable withholding taxes, if any, provided that to the extent that the amount in (ii), if any, represents amounts in respect of cash distributions for which record dates have occurred but which have not yet been paid, such amount shall not be payable to holders, unless the Trust otherwise elects, until the date such cash distributions are paid to Unitholders. The amount paid to each holder under (i), if any, shall be satisfied by the Earned Interest and the amount in (ii), if any, shall be satisfied by the Escrowed Funds as provided in Section 3.2. If the Escrowed Funds and Earned Interest are not sufficient to meet the payments required by this Section 3.3(b), the Escrow Agent shall only make payments under this section to the extent monies have been deposited with it pursuant to Section 3.6. Subject to sufficient funds being available to it, the Escrow Agent agrees to cause any amounts to be paid to holders of Subscription Receipts pursuant to this Section 3.3 to be paid on the second Business Day following the Acquisition Date or the date cash distributions are paid to Unitholders, as applicable. (c) Upon the issuance or deemed issuance of the Units pursuant to the Subsc...
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Related to Issue of Units and Payment Thereon

  • Delivery of the Notes and Payment Therefor Delivery to the Initial Purchasers of and payment for the Notes shall be made at the office of ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ LLP, at 10:00 A.M., New York City time, on August 17, 2010 (the “Closing Date”). The place of closing for the Notes and the Closing Date may be varied by agreement between the Initial Purchasers and the Company. The Notes will be delivered to the Initial Purchasers, or the Trustee as custodian for The Depository Trust Company (“DTC”), against payment by or on behalf of the Initial Purchasers of the purchase price therefor by wire transfer in immediately available funds, by causing DTC to credit the Notes to the account of the Initial Purchasers at DTC. The Notes will be evidenced by one or more global securities in definitive form (the “Global Notes”) and will be registered in the name of Cede & Co. as nominee of DTC. The Notes to be delivered to the Initial Purchasers shall be made available to the Initial Purchasers in New York City for inspection not later than 5:00 P.M., New York City time, on the business day immediately preceding the Closing Date.

  • Prices and Payment 2.1 The price for the Goods will be the price as referred to in the Order Confirmation (“Price”) and, unless otherwise agreed in writing, is exclusive of: 2.1.1 Any costs of insurance, carriage and delivery of the Goods; 2.1.2 Taxes (including VAT), import duties or levies (as applicable).

  • FEES AND PAYMENT SCHEDULE The fees and payment schedule for furnishing services under this Contract shall be based on the rate schedule which is attached hereto as Exhibit B and by this reference incorporated herein. Said fees shall remain in effect for the entire term of the Contract. Contractor shall provide County with his/her/its Federal Tax I.D. number prior to submitting the first invoice.

  • Purchase Price and Payment Date Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

  • Rates and Payment You agree to pay the residence fees which are outlined in Appendix IV and Residence Meal Plan fees (if applicable) which are outlined in Appendix IV. You may either pay the entire amount due or pay the residence fees and Residence Meal Plan fees in instalments, in the amounts and on the dates outlined in Appendix IV. If you choose to, or are required to, change your accommodation you will be required to pay the fees stipulated for the new accommodation, including the Residence Meal Plan, if applicable. • Failure to pay the first instalment of residence fees by or on the date it is due will lead to forfeiture of your accommodation assignment. Charges for residence fees and residence meal plan fees will continue until you complete the contract termination and check-out process in section 1.14. See Section 4.0 of this Contract for Residence Meal Plan information. Please note that the following terms apply to all fees and payments required by Student Housing and Hospitality Services (i.e. residence fees, Residence Meal Plan, activities/programs, assessments, et cetera): • Post-dated cheques will not be accepted. • A $35 service charge will be levied on all cheques returned by your financial institution for any reason. • You will pay all fees that may be imposed by the University from time to time in respect of failed electronic financial transactions, including, without limitation, electronic funds transfers and Interac transactions where, after initial processing, the transaction is cancelled or voided due to insufficient funds. • Late payments may not be accepted. If a late payment is accepted, it will be subject to a late payment fees as follows: » first late payment - $25 » second late payment - $35 » third late payment - $50 » fourth and any subsequent late payments - $75