Appropriation by Fiscal Agent Sample Clauses

Appropriation by Fiscal Agent. If the Fiscal Agent makes any payment in accordance with Clause 8.1 (Payments by Paying Agents), it shall be entitled to appropriate for its own account out of the funds received by it under Clause 7.1 (Issuer to pay Fiscal Agent) an amount equal to the amount so paid by it.
Sample 1Sample 2Sample 3See All (74)
AutoNDA by SimpleDocs
Appropriation by Fiscal Agent. If the Paying Agent suffers any debit or otherwise makes any payment in accordance with Clause 5.1 (Payments through the NBB-SSS), it shall be entitled to appropriate for its own account out of the funds received by the Fiscal Agent under Clause 4.1 (Payment to the Fiscal Agent) an amount equal to the debit so suffered or amount so paid by it. The Issuer need not concern itself with the appropriation of funds between the Fiscal Agent and the Paying Agent.
Sample 1

Related to Appropriation by Fiscal Agent

  • Termination by ICANN (a) ICANN may, upon notice to Registry Operator, terminate this Agreement if: (i) Registry Operator fails to cure (A) any fundamental and material breach of Registry Operator’s representations and warranties set forth in Article 1 or covenants set forth in Article 2, or (B) any breach of Registry Operator’s payment obligations set forth in Article 6 of this Agreement, each within thirty (30) calendar days after ICANN gives Registry Operator notice of such breach, which notice will include with specificity the details of the alleged breach, (ii) an arbitrator or court of competent jurisdiction has finally determined that Registry Operator is in fundamental and material breach of such covenant(s) or in breach of its payment obligations, and (iii) Registry Operator fails to comply with such determination and cure such breach within ten (10) calendar days or such other time period as may be determined by the arbitrator or court of competent jurisdiction.

Time is Money Join Law Insider Premium to draft better contracts faster.