DEEMED PAYMENT. All payments made by Burdale in accordance with the terms of any L/C or any guarantee or indemnity given by Burdale to the issuer of any L/C (as the case may be) shall be deemed to be a payment of Purchase Price to the Company in an amount equal to such payment, drawn down on the date of such payment and subject to the provisions of this Agreement with respect to Outstanding Purchase Price (including, without limitation, as to commission and repayment).
DEEMED PAYMENT. No later than thirty (30) days after the date on which the Seller becomes entitled to make a demand under a Letter of Credit, the Seller shall take all steps necessary to make such a demand in writing of all moneys due and owing to the Seller (and not disputed by KPLC) under a Letter of Credit. If and to the extent that moneys are paid to the Seller under a Letter of Credit, the undisputed amounts due under an invoice which has not been paid in accordance with Clause 11.3 shall be deemed to that extent to have been paid by KPLC to the Seller on the date of actual payment and on and with effect from such date the provisions of Clauses 11.4 and 16.2(c) shall cease to apply in relation to the sums so paid.
DEEMED PAYMENT. Any payment of principal or interest in respect of any US$ Notes to or to the account of the Principal Paying Agent in the manner provided in clause 3 of the Agency Agreement shall satisfy the covenant in relation to those US$ Notes by the Trustee in this clause 2 to the extent of that payment, except to the extent that the Principal Paying Agent subsequently fails to pay that amount under those US$ Notes in accordance with the terms of those US$ Notes (including the Conditions).
DEEMED PAYMENT. Any payment of principal or interest in respect of any Offshore Notes to or to the account of the Principal Paying Agent in the manner provided in clause 3 of the Agency Agreement shall satisfy the covenant in relation to those Offshore Notes by the Trustee in this clause 2 to the extent of that payment, except to the extent that the Principal Paying Agent subsequently fails to pay that amount under those Offshore Notes in accordance with the terms of those Offshore Notes (including the relevant Conditions).
DEEMED PAYMENT. In the event the Employer exercising his right of recovery in respect of any payment due to the Contractor in accordance with this Clause 42, the amount so recovered or deducted by the Employer shall be deemed as payment made by the Employer to the Contractor under this Clause 42. Deemed Payment
DEEMED PAYMENT. Any payment of principal or interest in respect of any Class A Offered Notes to or to the account of the Principal Paying Agent in the manner provided in clause 19 shall satisfy the covenant in relation to those Class A Offered Notes by the Issuer in this clause 2 to the extent of that payment, except to the extent that the Principal Paying Agent subsequently fails to pay that amount under those Class A Offered Notes in accordance with the terms of those Class A Offered Notes (including the Conditions).
DEEMED PAYMENT. Any payment of principal or interest in respect of Class A Notes to or to the account of the Principal Paying Agent in the manner provided in clause 3 of the Agency Agreement shall satisfy the covenant in relation to the Class A Notes by the Trustee in this clause 2 to the extent of that payment.
DEEMED PAYMENT. For purposes of determining the payment obligations of -------------- the parties pursuant to Section 3 above, Trilogy and pcOrder each shall be deemed to have made payments to the other in amounts sufficient to satisfy their respective obligations with respect to all taxable periods ending on or before September 30, 1995 on the basis of returns filed or to be filed with respect thereto and adjustments thereto with respect to which there has been a Final Determination on the date thereof.
DEEMED PAYMENT. The Parents are not deemed to have paid a sum to the College until the College is in receipt of the cleared funds in its bank account.
DEEMED PAYMENT. (a) Any payment of principal or interest in respect of Class A Notes to or to the account of the Principal Paying Agent in the manner provided in clause 3 of the Agency Agreement shall satisfy the covenant in relation to the Class A Notes by the Trustee in this clause 2 to the extent of that payment.
