PAYMENTS OUT Clause Samples

PAYMENTS OUT. If the Automatic Payment on the Tide GBP E-Money Account specifies that a payment is to take place on a specified day or on the last day of a certain period, then we will treat the Payment Instruction as being received on the day specified.
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PAYMENTS OUT. To make a UK Faster Payment transfer from your Account, you must first set up the recipient as a new payee. To set up a new payee to make a UK Faster Payment from your Account, you will need to provide the name, account number and sort code of the person you wish to pay.
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PAYMENTS OUT. If the Automatic Payment on the Account specifies that a payment is to takeplace on a specified day or on the last day of a certain period, then we will treat the Payment Instruction as being received on the day specified.
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PAYMENTS OUT. (a) On the Business Day preceding each Payment Date the Borrowers shall procure that the UK Operating Companies transfer from each UK Operating Account to the Receipts Account an amount equal to the Net Operating Income of each UK Operating Company (by way of transfer from the relevant UK Operating Accounts) for the previous financial quarter which the Borrowers may treat as payment of Rent then due. (b) Subject to clause 21.5.2(a) above, the UK Operating Companies may, for so long as no Event of Default is continuing, make payments into and withdrawals from the UK Operating Accounts without restriction.
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PAYMENTS OUT. (a) For so long as no Event of Default is continuing the UK Operating Companies shall be entitled to withdraw any sums from the FF&E Account to meet costs referred to in an approved annual budget without the prior consent of the Agent. (b) If an Event of Default is continuing the UK Operating Companies may not withdraw any sums from the FF&E Account without the prior consent of the Agent. The Agent may at its discretion while any Event of Default is continuing apply any sums paid into the FF&E Account towards any amounts due under the Finance Documents.
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PAYMENTS OUT. 5.1 If Completion has been successful in accordance with paragraph 4.1 or 4.2, I shall give instructions to make the payments from the Notary Account (less any applicable banking fees) in accordance with Schedule 4 (Payments OUT) (in no particular order), all this with due observance of the applicable guidelines and regulations applicable to civil law notaries in the Netherlands. 5.2 If Completion is deemed not to have been successful in accordance with paragraph paragraph 4.3, I shall only (and shall only be obliged to) give instructions to make payments from the Notary Account with respect to the Completion Monies (less any banking fees and less any fee for accrued negative interest in accordance with paragraph 5.3) as soon as practicably possible following receipt of: (a) the joint written instruction from the Seller (or their respective bankruptcy trustee), the Purchasers and the Lender; or (b) an order of the competent court which can be immediately executed (uitvoerbaar bij voorraad is) or which is not or no longer subject to appeal, for such amounts and to the bank account(s) as indicated in such written instruction or court order. 5.3 Each of the Addressees confirms by signing of this Notary Letter that they are aware of the fact that no interest or even negative interest will accrue to the monies held in the Notary Account and consequently (i) no interest will be reimbursed; and (ii) that the Addressees in view of any amount held in the Notary Account will bear the costs of the fee for negative interest as follows: (a) up to (but excluding) the Completion Date: by the party who transferred the relevant Completion Monies into the Notary Account and in case of a bank transferred the relevant Completion Monies into the Notary Account, the party who borrowed this respective amount from the bank; and (b) from (and including) the Completion Date: by the party who is entitled to receive payment of the relevant Completion Monies pursuant to paragraph 5.1 and 5.2 above. The fee for negative interest will (dependent on whom receives or paid the relevant Completion Monies) be: (a) included in the Completion Monies which will be paid by the respective Addressee(s) to the Notary Account in accordance with Schedule 3 (Payments IN); and (b) withheld from the (part of) the Completion Monies which will be released by the respective Addressee(s) in accordance with Schedule 4 (Payments OUT); or (c) included in the Completion Monies and/or invoiced by me to the relev...
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Related to PAYMENTS OUT

  • Payments Over (a) So long as the Discharge of First Lien Debt has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any Grantor, Second Lien Agent agrees, for itself and on behalf of the other Second Lien Secured Parties, that any Collateral or proceeds thereof or payment with respect thereto received by Second Lien Agent or any other Second Lien Secured Party (including any right of set-off) with respect to the Collateral, and including in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation), shall be segregated and held in trust and promptly transferred or paid over to First Lien Agent for the benefit of the First Lien Secured Parties in the same form as received, with any necessary endorsements or assignments or as a court of competent jurisdiction may otherwise direct. First Lien Agent is hereby authorized to make any such endorsements or assignments as agent for Second Lien Agent. This authorization is coupled with an interest and is irrevocable. The Second Lien Agent shall have no obligation to segregate, hold in trust, and transfer or pay over any proceeds of Collateral or payments if, with respect to any applicable payment, (i) other than with respect to Second Lien Agent Payments, the Second Lien Agent shall have received the compliance certificate(s) required to be delivered to Second Lien Agent pursuant to clause (b) of the definition of “Permitted Second Lien Payments” or pursuant to the definition of “Second Lien Interest Payment Conditions”, as applicable, and such compliance certificate(s) certify as to the satisfaction of the conditions set forth in such definitions, and (ii) the Second Lien Agent did not otherwise have actual knowledge of the applicable payment being in contravention of this Agreement and had paid out, applied or retained the applicable payment amount in accordance with the Second Lien Documents prior to acquiring such knowledge. (b) So long as the Discharge of First Lien Debt has occurred and the Discharge of Second Lien Debt has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any Grantor, any Collateral or proceeds thereof or any payment with respect thereto, including in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation) shall be applied, to the extent required under the Second Lien Documents, to the Second Lien Debt in accordance with the Second Lien Documents.

  • Payments on Notes 37 Section 14.1. Place of Payment................................................................................ 37 Section 14.2. Home Office Payment........................................................................ 37 SECTION 15.

  • Payments on Business Days Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security shall not be a Business Day, then payment of interest or principal (and premium, if any) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue for the period after such nominal date.

  • Payments on Non-Business Days Whenever any payment to be made by Borrower hereunder shall be stated to be due on a day which is not a Business Day, payments shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder and of any fees due under this Agreement, as the case may be.

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement: (i) Market Quotation will apply. (ii) The Second Method will apply.