Payment of Owner Participant's Commitment Clause Samples

The "Payment of Owner Participant's Commitment" clause defines the obligation of the owner participant to provide their agreed-upon financial contribution to a project or venture. Typically, this clause outlines the timing, method, and conditions under which the owner participant must make payments, such as lump sum payments upon reaching certain milestones or periodic installments. Its core practical function is to ensure that the necessary funds are available as planned, thereby supporting the project's financial stability and reducing the risk of delays or shortfalls due to non-payment.
Payment of Owner Participant's Commitment. Subject to the terms and conditions of this Agreement, the Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement, to make the amount of its Commitment as set forth on Schedule II available for and on account of the Owner Trustee on the Delivery Date specified in the Delivery Notice pursuant to Section 2(c) by wire transfer of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company of Connecticut, National Association, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ABA No. _________, Account No. __________, Reference: US Airways, Inc. ▇▇▇▇-▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇▇, Inc. Trust No. N___U_, not later than 9:30 a.m., New York City time. The amount of the Owner Participant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closing or until returned to the Owner Participant in accordance with Section 2(f).
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Payment of Owner Participant's Commitment. Subject to the terms and conditions of this Agreement, the Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement, to make the amount of its Commitment as set forth on Schedule II available for and on account of the Owner Trustee on the Delivery Date by wire transfer of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company of Connecticut, National Association, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ABA No. [-], Account No. [-], Reference: US Airways, Inc. ▇▇▇▇-▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇▇, Inc. (Trust No. N___U_), not later than 10:00 a.m., New York City time. The amount of the Owner Participant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closing.
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Payment of Owner Participant's Commitment. Lessee's Notice of Delivery Date. . .
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Payment of Owner Participant's Commitment. Lessee's Notice of Delivery Date.............4 (d) Default by Pass Through Trustee or Owner Participant............................4 (e) Closing......................................4 (f) Postponement of Scheduled Closing Date....
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Payment of Owner Participant's Commitment. Subject to the terms and conditions of this Agreement, the Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement, to make the amount of its Commitment as set forth on Schedule II available for and on account of the Owner Trustee on the Delivery Date specified in the Delivery Notice pursuant to Section 2(c) by wire transfer of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company, 2▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ABA No. 011-00-0028, Account No. 9▇▇▇-▇▇▇-▇, Reference: US Airways 1998-1 EETC/US Airways, Inc. Trust No. N7__UW, not later than 9:30 a.m., New York City time. The amount of the Owner Participant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closing or until returned to the Owner Participant in accordance with Section 2(f).
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Related to Payment of Owner Participant's Commitment

  • Owner Participant The Owner Participant agrees, solely for the benefit of the Lessee, the Pass Through Trustee, the Indenture Trustee and the Owner Trustee, that if at any time when the Aircraft is registered or the Lessee proposes to register the Aircraft in the United States (i) it shall cease to be, or believes itself likely to cease to be, a Citizen of the United States and (ii) the Aircraft shall or would therefore become ineligible for registration in the name of the Owner Trustee under the Transportation Code and regulations then applicable thereunder, then the Owner Participant shall give notice thereof to the Lessee and the Indenture Trustee and shall (at its own expense and without any reimbursement or indemnification from the Lessee) immediately (and in any event within a period of 15 days) (x) effect a voting trust or other similar arrangement, (y) transfer in accordance with the terms of this Agreement and the Trust Agreement all its rights, title and interest in and to such Trust Agreement, the Lessor's Estate and this Agreement, or (z) take any other alternative action that would prevent any deregistration, or maintain the United States registration, of the Aircraft. It is agreed that the Owner Participant shall be liable to pay promptly on request (A) to each of the other parties hereto and to each Holder any damages actually suffered by any such other party or Holder as the result of the representation and warranty of the Owner Participant in the first sentence of Section 7.02(a) hereof proving to be untrue as of the Delivery Date; and (B) to the Lessee, the Indenture Trustee and the Pass Through Trustee for any damages actually incurred by the Lessee, the Indenture Trustee and the Pass Through Trustee as a result of the Owner Participant's failure to comply with its obligations pursuant to the first sentence of this Section 7.02(c). Each party hereto agrees, upon the request and at the sole expense of the Owner Participant, to cooperate with the Owner Participant in complying with its obligations under the provisions of the first sentence of this Section 7.02(c).

  • Loan Commitment Disbursement to Borrower Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower. Borrower hereby waives any right Borrower may have to make any claim to the contrary.

  • Single Disbursement to Borrower Borrower shall receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Settlement Amongst Lenders (a) The amount of each Lender’s Applicable Percentage of outstanding Loans (including outstanding Swing Line Loans) shall be computed weekly (or more frequently in the Administrative Agent’s discretion) and shall be adjusted upward or downward based on all Loans (including Swing Line Loans) and repayments of Loans (including Swing Line Loans) received by the Administrative Agent as of 3:00 p.m. on the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent. (b) The Administrative Agent shall deliver to each of the Lenders promptly after a Settlement Date a summary statement of the amount of outstanding Committed Loans and Swing Line Loans for the period and the amount of repayments received for the period. As reflected on the summary statement, (i) the Administrative Agent shall transfer to each Lender its Applicable Percentage of repayments, and (ii) each Lender shall transfer to the Administrative Agent (as provided below) or the Administrative Agent shall transfer to each Lender, such amounts as are necessary to insure that, after giving effect to all such transfers, the amount of Committed Loans made by each Lender shall be equal to such Lender’s Applicable Percentage of all Committed Loans outstanding as of such Settlement Date. If the summary statement requires transfers to be made to the Administrative Agent by the Lenders and is received prior to 1:00 p.m. on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 p.m. that day; and, if received after 1:00 p.m., then no later than 3:00 p.m. on the next Business Day. The obligation of each Lender to transfer such funds is irrevocable, unconditional and without recourse to or warranty by the Administrative Agent. If and to the extent any Lender shall not have so made its transfer to the Administrative Agent, such Lender agrees to pay to the Administrative Agent, forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative Agent, equal to the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation plus any administrative, processing, or similar fees customarily charged by the Administrative Agent in connection with the foregoing.