Irrevocable Payment Instruction definition
Examples of Irrevocable Payment Instruction in a sentence
This Irrevocable Payment Instruction cannot be changed, modified, or terminated, except by written agreement signed by Lender, Company, and Processor.
For the avoidance of doubt, the failure to deliver any Servicer’s Report, Repurchase Notice, and Notice of Assignment and Irrevocable Payment Instruction, whether in whole or in part, shall not be a failure to satisfy any condition to Closing pursuant to Section 8.2.
No Company shall be prevented by any ------------------- Authority or by any Applicable Law from paying Program Collections and Related Collections to the Program Collection Account in accordance with the applicable Irrevocable Payment Instruction and no Company shall have so asserted in writing.
This Irrevocable Payment Instruction supersedes and replaces any prior instructions provided to Processor to date.
The Company shall have received payment (or confirmation that an Irrevocable Payment Instruction has been made with respect to such payment), by wire transfer of immediately available funds or by cancellation of indebtedness of the Company to each applicable Purchaser, in the full amount of the Purchase Price for the Notes being purchased by such Purchaser at the Closing.