Alternative Procedure; Escrow Agreement Sample Clauses

Alternative Procedure; Escrow Agreement. Notwithstanding the provisions of Section 3.01, if, upon agreement by Lessor and Lessee as to any Property and Equipment to be acquired and leased by Lessee under a Lease Agreement, Lessor and Lessee enter into an Escrow Agreement (a) Lessor and Lessee shall immediately complete and execute a Supplement relating to such Property and Equipment; (b) the amount deposited by Lessor into related Acquisition Account shall be used to acquire Property and Equipment for which Lessee shall make Rental Payments due under the related Lease Agreement; and (c) the Rental Payments relating to such Property and Equipment shall have an aggregate Principal component equal to the amount of Lessor's deposit into the Acquisition Account and shall be due and payable as provided in such Supplement commencing upon the deposit of funds by Lessor into the Acquisition Account.
Sample 1
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Alternative Procedure; Escrow Agreement. Notwithstanding any other provisions herein, as to any Equipment Group, Lender and Agency may enter into an escrow agreement establishing an account from which the Equipment Group cost is to be paid in separate increments (the "Escrow Account"). In the event it is determined that an Escrow Account shall be established, (i) Lender and Agency shall immediately complete and execute an Exhibit A relating to the entire Equipment Group; (ii) Agency shall, if Lender so requests, execute a tax certificate in substantially the form acceptable to Lender’s counsel as may be required to assure compliance with federal income tax laws and regulations; (iii) the Lender shall deposit into such Escrow Account the amount of the cost of such Equipment Group; (iv) the amount deposited by Lender into the Escrow Account shall be repaid by the Payments due under the related Exhibit A; and (v) the Payments relating to the Equipment Group shall have an aggregate Principal Component equal to the amount of Lender's deposit into the Escrow Account and shall be due and payable as provided in the related Exhibit A, commencing upon the deposit of funds by Lender into the Escrow Account. Agency acknowledges and agrees that no disbursements shall be made from an Escrow Account except for portions of the Equipment Group which are operationally complete and functionally independent and which may be utilized by Agency without regard to whether the balance of the Equipment Group is delivered and accepted.
Sample 1
Alternative Procedure; Escrow Agreement. Notwithstanding any other provisions herein, as to any Equipment Group, Lender and Agency may enter into an escrow agreement establishing an account from which the Equipment Group cost is to be paid in separate increments (the "Escrow Account"). In the event it is determined that an Escrow Account shall be established, (i) Lender and Agency shall immediately complete and execute an Exhibit A relating to the entire Equipment Group; (ii) Agency shall, if Lender so requests, execute a tax certificate in substantially the form acceptable to Lender’s counsel as may be required to assure compliance with federal income tax laws and regulations; (iii) the Lender shall deposit into such Escrow Account the amount of the cost of such Equipment Group;
Sample 1

Related to Alternative Procedure; Escrow Agreement

  • Alternative Procedures By electing not to use all available Security Procedures (as described above) to initiate and authorize Wire Transfers, Customer acknowledges that it has declined to use other available security procedures, including, but not limited to, security procedures that use a call back feature to verify authorization of Wire Transfers initiated by telephone or facsimile transmission. Wire Notification Procedures‌ Information sent by e-mail is not secure! The bank will attempt to keep non-public information out of the advice by masking fields normally containing account number information. However, because we cannot control the information as it is received by a sending institution, confidential information may appear in parts of the incoming e- mail advice. By selecting this option you expressly agree to be liable for any information contained in such advice. ACH SERVICES‌ ACH Origination‌ The Customer (“Originator”) has requested to initiate electronic fund transfer entries (“Entry” or “Entries”) through the Bank (“Originating Depository Financial Institution” or “ODFI”) for the deposit ("Credit") and/or payment ("Debit") of money to and from the accounts of Receivers maintained at Bank and at other Depository Financial Institutions (“DFIs”), by means of the Automated Clearing House ("ACH.")

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  • NEGOTIATING PROCEDURE The Board agrees to make available to the Association when available to the Board information concerning the financial resources of the District, including but not limited to: annual financial reports and audits; register of Certificated personnel; tentative budgetary requirements and allocations; agendas and minutes of Board meetings; census data; names and addresses of all certificated employees; and public information available to the Board that will assist the Association in developing intelligent, accurate, informed, and constructive programs on behalf of certificated employees and their students. The District and the Association agree to meet prior to the setting of the district budget for the ensuing year in order to provide the Association with an opportunity to provide input on budgeting priorities.

  • Account Closure At any time, for any reason, we may take any of these actions subject to applicable law:

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  • Claims Allocation and Handling Agreement General Clauses 16 and 17 of the Claims Allocation and Handling Agreement provide that claims between parties to it are limited to specified amounts unless the parties expressly contract otherwise.

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