Credit for Vouchers Sample Clauses

Credit for Vouchers. Buyer shall receive a proration credit equal to the aggregate of (A) 100% of the face amount of all Paid Vouchers, (B) 50% of all PIK Vouchers, and (C) 50% of all Unpaid Vouchers and Buyer shall assume the obligation to honor all Vouchers with respect to which it has received a proration credit under this Section 8.5.3 or Section 11.
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Credit for Vouchers. Buyer shall receive a credit equal to (A) $10,000 for Paid Vouchers issued prior to 2004, (B) 42.5% of the face value of all outstanding and unredeemed Paid Vouchers issued from and after 2004, (C) $10,000 for all other outstanding Vouchers and (D) 50% of the face value of all unredeemed outstanding Vouchers issued between the Effective Date and Closing; and Buyer shall assume the obligation to honor all Vouchers with respect to which it has received a proration credit under this Section 8.5.3 or Section 11.
Credit for Vouchers. Buyer shall receive a proration credit for all Unpaid Vouchers (based on cost) issued during Seller’s period of ownership of the Hotel as reasonably determined by Seller and Buyer prior to the Approval Date.

Related to Credit for Vouchers

  • Bank Accounts; Powers of Attorney Schedule 3.19 sets forth, as of the date hereof, a true, complete and correct list of each bank, trust company, savings institution, brokerage firm, mutual fund or other financial institution with which the Company and each of its Subsidiaries has an account or safe deposit box, including the names and identification of all Persons authorized to draw thereon or have access thereto.

  • Bank Accounts and Powers of Attorney Set forth in Schedule 3.21 is an accurate and complete list showing (a) the name of each bank in which the Company has an account, credit line or safe deposit box and the names of all Persons authorized to draw thereon or to have access thereto, and (b) the names of all Persons, if any, holding powers of attorney from the Company and a summary statement of the terms thereof.

  • DEPOSIT ACCOUNTS; POWERS OF ATTORNEY Schedule 5.26 sets forth a complete and accurate list as of the date of this Agreement, of:

  • Powers of Attorney, etc The Fund will promptly execute and deliver, upon request, such proxies, powers of attorney or other instruments as may be necessary or desirable for the Custodian to provide, or to cause any Subcustodian to provide, custody services.

  • Powers of Attorney and Suretyships The Company does not have any general or special powers of attorney outstanding (whether as grantor or grantee thereof) or any obligation or liability (whether actual, accrued, accruing, contingent, or otherwise) as guarantor, surety, co-signer, endorser, co-maker, indemnitor or otherwise in respect of the obligation of any Person.

  • Authorization of Financing Statements Each Grantor authorizes the Administrative Agent and its Affiliates, counsel and other representatives, at any time and from time to time, to file or record financing statements, amendments to financing statements, and other filing or recording documents or instruments with respect to the Collateral in such form and in such offices as the Administrative Agent reasonably determines appropriate to perfect the security interests of the Administrative Agent under this Agreement, and such financing statements and amendments may described the Collateral covered thereby as “all assets of the debtor”, “all personal property of the debtor” or words of similar effect. Each Grantor hereby also authorizes the Administrative Agent and its Affiliates, counsel and other representatives, at any time and from time to time, to file continuation statements with respect to previously filed financing statements. A photographic or other reproduction of this Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction.

  • No Powers of Attorney The Company has no powers of attorney or similar authorizations outstanding.

  • Powers of Attorney There are no outstanding powers of attorney executed on behalf of the Company.

  • – BANK ACCOUNT FOR PAYMENTS All payments must be made to the coordinator's bank account as indicated below: Name of bank: […] Precise denomination of the account holder: […] Full account number (including bank codes): […] [IBAN code: […]]10

  • Purpose and Powers of the Company The Company is organized for the purpose of carrying on any lawful activity for which limited liability companies may be formed under the Act. The Company shall possess and may exercise all of the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company contemplated by this Agreement.

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