Cashflows Sample Clauses
The CASHFLOWS clause defines the procedures and terms governing the movement of funds between parties under an agreement. It typically outlines when payments are due, the methods of payment, and the specific accounts to be used, as well as addressing issues such as netting, set-off, or the handling of late payments. By clearly specifying these details, the clause ensures that all parties understand their financial obligations and the timing of cash movements, thereby reducing the risk of disputes and facilitating smooth financial operations.
Cashflows. (a) Subject to 4.3(b) below, the Cash Manager is hereby authorized to collect, receive and hold the following amounts for and on behalf of the Guarantor LP:
(i) all Revenue Receipts;
(ii) all Principal Receipts;
(iii) all Cash Capital Contributions;
(iv) all amounts received by the Guarantor LP pursuant to the Interest Rate Swap Agreement; and
(v) any other amounts whatsoever received by or on behalf of the Guarantor LP after the date hereof (including, without limitation, the proceeds of any advances made to the Guarantor LP under the Intercompany Loan where such proceeds have not been applied to acquire the Initial Covered Bond Portfolio or additional Covered Bond Portfolios, fund Additional Loan Advances in respect of Loans sold by the Seller to the Guarantor LP, invest in Substitute Assets up to the prescribed limit or make a Capital Distribution pursuant to the terms of the Guarantor LP Agreement); provided that at no time shall the Cash Manager hold cash in excess of the amount of cash required to meet the Guarantor LP’s payment obligations pursuant to the terms of the Transaction Documents for the immediately succeeding six months, unless the Canada Mortgage and Housing Corporation has permitted the Cash Manager to hold such Excess Cash; provided that amounts received in the immediately preceding 31 day period shall be excluded. The Cash Manager shall apply, distribute, invest or re-invest any amounts in excess of cash it is permitted to hold hereunder in accordance with the instructions of the Guarantor LP provided that the Guarantor LP shall ensure such instructions comply with the terms of the Guide including Sections 6.3.4 and 3.6.8 of the Guide, as applicable.
(b) The Cash Manager shall cause all transfers, payments and/or withdrawals, as applicable, of amounts held by the Cash Manager for and on behalf of the Guarantor LP and amounts standing to the credit of the Transaction Account (or, as applicable, the Standby Transaction Account) and the GIC Account (or, as applicable, the Standby GIC Account) to be made in accordance with the provisions of this Agreement, the Guarantor LP Agreement, the Bank Account Agreement or, as applicable, the Standby Bank Account Agreement and/or, as applicable, the Security Agreement.
(c) Prior to (i) a downgrade in the ratings or assessments, as applicable, of the Cash Manager below the Cash Manager Deposit Ratings, or (ii) a Covered Bond Guarantee Activation Event, funds held by the Cash Manager for or on behalf...
Cashflows. For as long as no Assignment Notification Event has occurred and no Breach of Asset Cover Test Notice (which is not remedied), Notice to Pay or CBC Acceleration Notice has been served, the Issuer undertakes to pay for its own account, as consideration for the CBC issuing the Guarantee, all costs and expenses of the CBC (including but not limited to any costs of the Security Trustee and the Stichting Holding and other amounts due listed under item (a) up to and including (d) of the CBC Priority of Payments, but excluding any negative interest amounts and expenses already paid in accordance with the CBC Account Agreement and the CBC Back-Up Account Agreement) on behalf of the CBC.
Cashflows. 12.1 On each CBC Payment Date prior to the service of a CBC Acceleration Notice the CBC shall apply the Interest Available Amount and the Principal Available Amount in accordance with Clause 13 of this Trust Deed.
12.2 After the service of a CBC Acceleration Notice the Security Trustee shall apply any amounts recovered by it, in accordance with Clause 14 of this Trust Deed subject to Clause 12.3.
12.3 Any Swap Collateral Amounts to be provided by a Swap Counterparty will be delivered directly by the relevant Swap Counterparty to the CBC irrespective of whether any Assignment Notification Event has occurred or a Breach of Asset Cover Test Notice (which is not remedied) or a Notice to Pay or a CBC Acceleration Notice has been served at such time on the CBC and, accordingly, any Collateral Return Payments shall be made directly by the CBC (or, if applicable, by the Security Trustee) to the relevant Swap Counterparty, outside the CBC Priority of Payments (or, as the case may be, the Post CBC Acceleration Notice Priority of Payments).
12.4 In the event the non-exercise by the Security Trustee of its disclosed rights of pledge on the Pledged Assets is withdrawn in accordance with Clause 6.2 of the Security Trustee Rights Pledge Agreement (or other Pledge Agreements on Transferred Assets other than Mortgage Receivables and Beneficiary Rights), or any notification as referred to in Clause 7.1 of the Security Trustee Receivables Pledge Agreement has been made on the basis of the occurrence of any Security Trustee Pledge Notification Event, the Security Trustee shall transfer all moneys received or recovered pursuant to the Pledge Agreements to the Security Account. All moneys received by the Security Trustee after the occurrence of an Assignment Notification Event, but prior to any notification as referred to in Clause 7.1 of the Security Trustee Receivables Pledge Agreement, shall be applied by the Security Trustee as provided in Clause 13 of this Trust Deed. Any of the events, set forth in this Clause 12.4, the Security Trustee, until the service of a CBC Acceleration Notice, (i) shall have the right to apply all moneys received or recovered towards satisfaction of the amounts due by the CBC in accordance with Clause 13 of this Trust Deed, or (ii) may at its option, from time to time, for the sole purpose of enabling the CBC to make payments in accordance with Clause 13, pay or procure the payment of certain amounts from the Security Account to the CBC, whilst it...
Cashflows. On each CBC Payment Date prior to the service of a CBC Acceleration Notice the CBC shall apply the Interest Available Amount and the Principal Available Amount in accordance with Clause 13 of this Trust Deed.
Cashflows. For as long as no Assignment Notification Event has occurred and no Breach of Asset Cover Test Notice (which is not remedied), Notice to Pay or CBC Acceleration Notice has been served, the Issuer undertakes to pay for its own account as consideration for the CBC issuing the Guarantee all costs and expenses of the CBC (including but not limited to any costs of the Security Trustee and the Stichting Holding and other amounts due listed under item (a) up to and including (d) of the CBC Priority of Payments and any NHG Advance Right Repayment Amount to be repaid to Stichting WEW, but excluding any negative interest amounts and expenses already paid in accordance with the CBC Account Agreement) on behalf of the CBC.
Cashflows. Plateau undertakes (and shall procure that Holdco and Opco undertake) to use the Cash received by it from time to time and the Cash Equivalent Investments made by it from time to time to fulfil its repayment obligations to RPM pursuant to and in accordance with the terms and conditions of the Revised Funding Agreements, until the Initial Maturity Date.
Cashflows. The table below sets out a summary of the cashflows of MEC for the years ended 30 June 2016 and 30 June 2017 and the six months ended 31 December 2017. Table 5 MEC historical cashflows 6 months ended Year ended Year ended A$ Ref 31-Dec-17 Reviewed 30-Jun-17 Audited 30-Jun-16 Audited Cashflows from operating activities Payments to suppliers and employees (499,361) (899,264) (881,080) Interest received 2,485 5,674 13,447 Cashflows from investing activities Amounts loaned to other entities - - (160,000) Repayment of loans to other entities Payments for property, plant and equipment (843) - - (406) - - Cashflows from financing activities Proceeds from share issues 5.18 619,783 646,480 576,495 Net decrease in cash held 5.18 (9,461) (276,417) (388,553) Source: Company Financials
Cashflows. 4.3.1 Subject to Section 4.3.2 below, the Cash Manager is hereby authorized to collect, receive and hold the following amounts for and on behalf of the Guarantor:
4.3.1.1 all Revenue Receipts;
4.3.1.2 all Principal Receipts;
4.3.1.3 all Cash Capital Contributions;
4.3.1.4 all amounts received by the Guarantor pursuant to the Interest Rate Swap Agreement; and
4.3.1.5 any other amounts whatsoever received by or on behalf of the Guarantor after the date hereof (including, without limitation, the proceeds of any advances made to the Guarantor under the Intercompany Loan where such proceeds have not been applied to acquire the Initial Covered Bond Portfolio or additional Covered Bond Portfolios, fund Additional Loan Advances in respect of Loans sold by the Seller to the Guarantor, invest in Substitute Assets up to the prescribed limit or make a Capital Distribution pursuant to the terms of the Limited Partnership Agreement).
4.3.2 The Cash Manager shall cause all transfers, payments and/or withdrawals, as applicable, of amounts held by the Cash Manager for and on behalf of the Guarantor and amounts standing to the credit of the Transaction Account (or, as applicable, the Standby Transaction Account) and the GIC Account (or, as applicable, the Standby GIC Account) to be made in accordance with the provisions of this Agreement, the Limited Partnership Agreement, the Account Agreement or, as applicable, the Standby Account Agreement and/or, as applicable, the Security Agreement.
4.3.3 Prior to (i) a downgrade in the issuer default rating or the ratings of the unsecured, unsubordinated and unguaranteed debt obligations of the Cash Manager, as applicable, by a Rating Agency below the Cash Management Deposit Ratings, or