Payments from the Account Clause Samples

Payments from the Account. From the funds collected and deposited by the Retail Business Manager in the Account, the Retail Business Manager shall pay in the following order of priority and in accordance with applicable requirements under law or contract: (i) any refunds owed to patients by the Practice; (ii) funds to be deposited into the Professional Practice Account pursuant to Section 3.9(d) hereof; (iii) any unpaid or past due compensation owed to the Retail Business Manager pursuant to Section 5.1 hereof; (iv) all Dispensary Expenses; (v) the current Base Management Fee compensation owed to the Retail Business Manager pursuant to Section 5.1 hereof; (vi) the current Supplemental Management Fee compensation owed to Retail Business Manager pursuant to Section 5.2 hereof; and (vii) all Shareholder Expenses.
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Payments from the Account. 6.1. In order to perform any of the payment, the Client must follow the instructions on World Money Letter Website, and for execution of payment customer must login to Personal Area. The Client may contact the Customer Support to change the payment limits. 6.2. The Client agrees that Payment Order cannot be cancelled once the funds have been converted into requested currency. 6.3. In the event, when Payment Order is initiated by the Client, it cannot be cancelled once such Payment Order is executed. 6.4. To set up internal Payment Order via Client Account, the Client must provide certain information to World Money Letter including payment amount, beneficiary’s name, beneficiary’s account details, amount to be transferred, payment details (description of the payment) and/or other required information. 6.5. To set up Payment Order via Client Account, the Client must provide certain information to World Money Letter including payment amount, beneficiary name, beneficiary’s account details (e.g. IBAN), beneficiary country and address, beneficiary bank details (e.g. SWIFT, bank name, etc.), payment details (description of the payment) and/or other required information in the Personal Area. 6.6. The Client must ensure provision of true and authentic information, data and/or documents in relation to the Payment Order. If these details are incorrect World Money Letter may not execute / may reject or execution of such Payment Order may be delayed. If Payment Order was rejected, fee for such Payment Order shall be applied as if it has been executed. 6.7. The Client must ensure that the information they provide when setting up a Payment Order is accurate. If World Money Letter had processed Payment Order in accordance with the information the Client had provided to World Money Letter, it will be considered correctly completed even if Client had made a mistake. 6.8. In case the Payment Order has been filled-in incorrectly, the Payment Operation is not executed, unless World Money Letter at its own initiative in exceptional cases corrects the Payment Order or has sufficient amount of information to determine the correctness of information to execute the Payment Order under a regular procedure. 6.9. If Payment Order made by the Client is received by World Money Letter after 5pm on a Business Day or not on a Business Day, the Payment Order will be deemed received on the following Business Day. 6.10. Each Payment Order is given a unique number and is shown in the operatio...
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Payments from the Account. Each month Business Manager shall pay from funds that are in the Account all sums due and payable as an Office Expense and Practice Expenses. Additionally, on or before the 15th day of the following month, (i) Business Manager shall pay from funds that are in the Account to the Practice Adjusted Gross Revenue less accrued Office Expense, accrued Practice Expense (excluding optical supplies), accrued Management Fee, and (at the discretion of Business Manager) all sums advanced by the Business Manager, and (ii) the accrued Management Fee for the previous month shall be paid.
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Payments from the Account. ‌‌ 1. All payments made from the Account are to be made by authorisation of the Board and not otherwise. 2. The Minister may direct the Board to prepare and adopt financial delegations for the implementation of Board decisions and that such delegations will be consistent with Service financial delegations.
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Payments from the Account. 6.1. In order to perform any of the payment, the Client must follow the instructions on Global Letter Website, and for execution of payment customer must login to Personal Area. The Client may contact the Customer Support to change the payment limits. 6.2. The Client agrees that Payment Order cannot be cancelled once the funds have been converted into requested currency. 6.3. In the event, when Payment Order is initiated by the Client, it cannot be cancelled once such Payment Order is executed. 6.4. To set up internal Payment Order via Client Account, the Client must provide certain information to Global Letter including payment amount, beneficiary’s name, beneficiary’s account details, amount to be transferred, payment details (description of the payment) and/or other required information. 6.5. To set up Payment Order via Client Account, the Client must provide certain information to Global Letter including payment amount, beneficiary name, beneficiary’s account details (e.g. IBAN), beneficiary country and address, beneficiary bank details (e.g. SWIFT, bank name, etc.), payment details (description of the payment) and/or other required information in the Personal Area. 6.6. The Client must ensure provision of true and authentic information, data and/or documents in relation to the Payment Order. If these details are incorrect Global Letter may not execute / may reject or execution of such Payment Order may be delayed. If Payment Order was rejected, fee for such Payment Order shall be applied as if it has been executed. 6.7. The Client must ensure that the information they provide when setting up a Payment Order is accurate. If Global Letter had processed Payment Order in accordance with the information the Client had provided to Global Letter, it will be considered correctly completed even if Client had made a mistake. 6.8. In case the Payment Order has been filled-in incorrectly, the Payment Operation is not executed, unless Global Letter at its own initiative in exceptional cases corrects the Payment Order or has sufficient amount of information to determine the correctness of information to execute the Payment Order under a regular procedure. 6.9. If Payment Order made by the Client is received by Global Letter after 5pm on a Business Day or not on a Business Day, the Payment Order will be deemed received on the following Business Day. 6.10. Each Payment Order is given a unique number and is shown in the operation history in Client Account. 6.11. Globa...
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Payments from the Account. (a) The Company will pay the amounts payable under the Plan commencing on the first day of the month following the occurrence of one of the events indicated below and in the manner prescribed therein (initial one) or the Employee becoming eligible for Long-Term Disability Benefits under MONY's Security Plan for Employees. _______ (i) to Employee in ______ approximately equal monthly installments beginning within 30 days after the earlier of (i) retirement or other termination of employment, or (ii) attainment of age 65. _______ (b) to Employee in ______ approximately equal monthly installments beginning within 30 days after the later of (i) retirement or other termination of employment, or (ii) attainment of age 65. _______ (c) to Employee in ______ approximately equal monthly installments beginning (month/year) __________. _______ (d) to Employee in a lump sum (month/year) __________. (b) Credits can be withdrawn on a hardship basis as prescribed in the IRS Regulations pertaining to Section 457 of the Internal Revenue Code. To qualify, the Employee (or his/her eligible dependent[s]) must be faced with an unforeseeable emergency, such as a severe financial hardship caused by a sudden and unexpected illness or accident; a loss of the Employee's property due to casualty; or other similar 4 extraordinary and unforeseeable circumstances caused by events beyond the control of the Employee. In any case, payment may not be made in the event that such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise; or by liquidation of the Employee's assets, to the extent that liquidation of such assets would not itself cause severe financial hardship. The withdrawal request cannot exceed the amount needed to satisfy the hardship (including any applicable taxes on the withdrawal) and the hardship must not be able to be satisfied from any other reasonably available sources. The Employee must provide MONY, in care of Corporate Compensation, with acceptable documentation of the financial hardship.
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Payments from the Account. Each month Business Manager shall pay (to the extent that funds are available) from funds that are in the Account or in the Practice's accounts described in Section 3.10(b) hereof all sums due and payable as Practice Expenses. Additionally, on or before the 15th day of the following month, (i) Business Manager shall pay from funds that are in the Account to the Practice Adjusted Gross Revenue less the accrued Management Fee, accrued Practice Expense (excluding optical supplies), and (at the discretion of Business Manager) all or a portion of sums advanced by the Business Manager to the Practice, and (ii) the accrued Management Fee for the previous month shall be paid.
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Payments from the Account. Each month Business Manager shall pay --------------------------- (to the extent that funds are available) from funds that are in the Account or in the Practice's accounts described in Section 3.10(b) hereof, all sums due and payable as Practice Expenses. Additionally, on or before the 15th day of the following month, (i) Business Manager shall pay from funds that are in the Account to the Practice Adjusted Gross Revenue less the accrued Management Fee, accrued Practice Expense and (at the discretion of Business Manager) all or a portion of the sums advanced by the Business Manager to the Practice, and (ii) the accrued Management Fee for the previous month shall be paid. The Practice Adjusted Gross Revenue less accrued Office Expense, accrued Practice Expense and accrued Management Fee shall be referred to in this
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Related to Payments from the Account

  • Disbursements from the Escrow Account a. At such time as Escrow Agent has collected and deposited instruments of payment in the total amount of the Advance and has received such Common Stock via D.W.A.C from the Company which are to be issued to the Investor pursuant to the Standby Equity Distribution Agreement, the Escrow Agent shall notify the Company and the Investor. The Escrow Agent will continue to hold such funds until the Investor and Company execute and deliver a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction at which time the Escrow Agent shall wire the Escrow Funds to the Company. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Investor that Escrow Agent already has on file. Simultaneous with delivery of the executed Joint Written Direction to the Escrow Agent the Investor and Company shall execute and deliver a Common Stock Joint Written Direction to the Escrow Agent directing the Escrow Agent to release via D.W.A.C to the Investor the shares of the Company's Common Stock. In releasing such shares of Common Stock the Escrow Agent is authorized to rely upon such Common Stock Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Escrow Agent has on file. In the event the Escrow Agent does not receive the amount of the Advance from the Investor or the shares of Common Stock to be purchased by the Investor from the Company, the Escrow Agent shall notify the Company and the Investor.

  • Targeted Deposits to the Accumulation Reserve Account The deposit targeted to be made to the Accumulation Reserve Subaccount for the Class A( - ) Notes for any Due Period during the Accumulation Reserve Funding Period will be an amount equal to the Targeted Accumulation Reserve Subaccount Deposit minus any amount on deposit in the Accumulation Reserve Subaccount for the Class A( - ) Notes.]

  • Payments from Paying Agent Account The Escrow Agent hereby irrevocably instructs the Paying Agent, and the Paying Agent agrees to act, as follows: (a) On each Interest Payment Date (as defined in the Deposit Agreement) or as soon thereafter as the Paying Agent has confirmed receipt in the Paying Agent Account from the Depositary of any amount in respect of accrued interest on the Deposits (other than as part of any Replacement Withdrawal, Event of Loss Withdrawal or Final Withdrawal), the Paying Agent shall distribute out of the Paying Agent Account the entire amount deposited therein by the Depositary. There shall be so distributed to each Receiptholder of record in the Register on the 15th day (whether or not a Business Day) preceding such Interest Payment Date by check mailed to such Receiptholder, at the address appearing in the Register, such Receiptholder’s pro rata share (based on the Escrow Interest in the Account Amounts held by such Receiptholder) of the total amount of interest deposited by the Depositary in the Paying Agent Account on such date, except that, with respect to Escrow Receipts registered on the record date specified above in the name of a nominee of The Depository Trust Company (“DTC”), such distribution shall be made by wire transfer in immediately available funds to the account designated by DTC. (b) Upon the confirmation by the Paying Agent of receipt in the Paying Agent Account from the Depositary of any amount in respect of any Final Withdrawal or any Event of Loss Withdrawal, the Paying Agent shall forthwith distribute the entire amount of the Final Withdrawal or such Event of Loss Withdrawal deposited therein by the Depositary. There shall be so distributed to each Receiptholder of record on the 15th day (whether or not a Business Day) preceding the Final Withdrawal Date or the Event of Loss Withdrawal Date, as applicable, by check mailed to such Receiptholder, at the address appearing in the Register, such Receiptholder’s pro rata share (based on the Escrow Interest in the Account Amounts held by such Receiptholder) of the total amount in the Paying Agent Account on account of such Final Withdrawal or such Event of Loss Withdrawal, except that, with respect to Escrow Receipts registered on the record date specified above in the name of a nominee of DTC, such distribution shall be made by wire transfer in immediately available funds to the account designated by DTC. (c) Upon the confirmation by the Paying Agent of receipt in the Paying Agent Account from the Depositary of any amount referred to in clause (y) of Section 1.02(d)(X) in respect of the Replacement Withdrawal, on the immediately succeeding Interest Payment Date, the Paying Agent shall distribute out of the Paying Agent Account the entire such amount deposited therein by the Depositary. There shall be so distributed to each Receiptholder of record in the Register on the 15th day (whether or not a Business Day) preceding such Interest Payment Date by check mailed to such Receiptholder, at the address appearing in the Register, such Receiptholder’s pro rata share (based on the Escrow Interest in the Account Amounts held by such Receiptholder) of the total amount of interest deposited by the Depositary in the Paying Agent Account on such date, except that, with respect to Escrow Receipts registered on the record date specified above in the name of a nominee of DTC, such distribution shall be made by wire transfer in immediately available funds to the account designated by DTC. (d) If any payment of interest referred to in Section 2.03(a) or of interest or principal in respect of any Final Withdrawal, any Replacement Withdrawal or any Event of Loss Withdrawal is not received by the Paying Agent within five days of the applicable date when due, then it shall be distributed to Receiptholders after actual receipt by the Paying Agent on the same basis as a Special Payment is distributed under the Pass Through Trust Agreement. (e) The Paying Agent shall include with any check mailed pursuant to this Section 2.03 any notice required to be distributed under the Pass Through Trust Agreement that is furnished to the Paying Agent by the Pass Through Trustee.

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account maintained by it for any of the following purposes or as described in Section 4.01: (i) on or prior to each Remittance Date, to remit to the Master Servicer (A) the Master Servicing Fee with respect to such Distribution Date and (B) all Available Funds in respect of the related Distribution Date together with all amounts representing Prepayment Charges (payable to the Class P Certificateholders) from the Mortgage Loans received during the related Prepayment Period; (ii) to reimburse the Servicer for P&I Advances, but only to the extent of amounts received which represent Late Collections (net of the related Servicing Fees) of Scheduled Payments on Mortgage Loans with respect to which such P&I Advances were made by the Servicer in accordance with the provisions of Section 4.01 and (B) any ▇▇▇▇▇▇▇▇▇▇▇▇ ▇&▇ Advances to the extent of funds held in the Collection Account for a future Distribution Date that were not included in Available Funds for the preceding Distribution Date; (iii) to pay the Servicer or any Subservicer (A) any unpaid Servicing Fees or (B) any unreimbursed Servicing Advances with respect to each Mortgage Loan, but only to the extent of any Late Collections or other amounts as may be collected by the Servicer from a Mortgagor, or otherwise received with respect to such Mortgage Loan (or the related REO Property); (iv) to pay to the Servicer as servicing compensation (in addition to the Servicing Fee) on each Remittance Date any interest or investment income earned on funds deposited in the Collection Account; (v) to pay to the Mortgage Loan Seller, with respect to each Mortgage Loan that has previously been repurchased or replaced pursuant to this Agreement, all amounts received thereon subsequent to the date of purchase or substitution, as the case may be; (vi) to reimburse the Servicer for (A) any P&I Advance or Servicing Advance previously made which the Servicer has determined to be a Nonrecoverable P&I Advance or Nonrecoverable Servicing Advance in accordance with the provisions of Section 4.01 and (B) any unpaid Servicing Fees to the extent not recoverable from Late Collections or other amounts received with respect to the related Mortgage Loan under Section 3.11(a)(iii); (vii) to pay, or to reimburse the Servicer for Servicing Advances in respect of, expenses incurred in connection with any Mortgage Loan pursuant to Section 3.15; (viii) to reimburse the Master Servicer, the Servicer, the Depositor, the Securities Administrator or the Trustee for expenses incurred by or reimbursable to the Master Servicer, the Servicer, the Depositor, the Securities Administrator or the Trustee, as the case may be, pursuant to Section 6.03, Section 7.02, Section 8.05, Section 9.13 or Section 10.02; (ix) to reimburse the Master Servicer, the Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of the breach or defect giving rise to the repurchase obligation of the Mortgage Loan Seller or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof; (x) to withdraw any amounts deposited in the Collection Account in error; and (xi) to clear and terminate the Collection Account upon termination of this Agreement. (b) The Servicer shall keep and maintain separate accounting, on a Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any withdrawal from the Collection Account, to the extent held by or on behalf of it, pursuant to subclauses (a)(ii), (iii), (v), (vi), (vii), (viii) and (ix) above. The Servicer shall provide written notification (as set forth in Section 4.01(d)) to the Master Servicer, on or prior to the next succeeding Remittance Date, upon making any withdrawals from the Collection Account pursuant to subclause (a)(vi) above.

  • Investment of Funds in the Accounts The Trustee may direct any depository institution maintaining the Certificate Account or the Reserve Account, if any, for the Series and any other segregated Eligible Account, which Eligible Account shall be a Securities Account the contents of which are held for the benefit of Certificateholders of such applicable Series (each, an "Account"), to invest the funds therein at the specific written direction of the Depositor in one or more Eligible Investments bearing interest or sold at a discount, which shall be held to maturity unless payable on demand and which funds shall not be reinvested upon the maturity or demand for payment of such Eligible Investment. If the Depositor does not provide any investment directions by 10:00 a.m. on any Business Day, funds held in any Account will be invested in the Eligible Investments specified in clause (iv) of the definition thereof until receipt of investment directions to the contrary. Investments of such funds shall be invested in Eligible Investments that will mature so that such funds will be available for distribution on the next Distribution Date. Except as otherwise provided in the applicable Supplement, any earnings with respect to such Eligible Investments shall be paid to, and any losses with respect to such Eligible Investments shall be solely for the account of, the Certificateholders in proportion to their interest in the invested funds. In the event amounts on deposit in an Account are at any time invested in an Eligible Investment payable on demand, the Securities Intermediary, on behalf of the Trustee and the Trust, shall: (i) consistent with any notice required to be given thereunder, demand that payment thereon be made on the last day such Eligible Investment may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and (2) the amount required to be withdrawn on such date; and (ii) demand same day payment of all amounts due thereunder upon a determination by the Trustee that such Eligible Investment would not constitute an Eligible Investment in respect of funds thereafter on deposit in any Account. None of the Trustee, the Depositor or the Securities Intermediary shall in any way be held liable by reason of any insufficiency in any Account resulting from any loss on any Eligible Investment made in accordance with this Trust Agreement.