Distribution of Excess Funds Sample Clauses

Distribution of Excess Funds. If the payment per employee so described in C above, does not cover the premiums down to the minimum monthly amount described in 4-b immediately above, for the approved medical plans, said employee may be eligible for additional District contributions to his/her premium cost in accordance with the following:
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Distribution of Excess Funds. If any excess funds remain in the Settlement Fund after all distributions have been made in accordance with this Settlement Agreement, the Settlement Administrator shall distribute any remaining balance as a cy pres donation as follows: fifty percent (50%) to Public Justice, and fifty percent (50%) to YWCA Economic Resilience Initiative.
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Distribution of Excess Funds. If any funds remain, the Watershed District will allocate the funds as a refund to the Project Cooperators according to the cost-share allocation in Section 10.2. The Watershed District will then pay the refunds to the Project Cooperators, or at a Project Cooperator’s direction, will apply the refund as a credit against that Project Cooperator’s next annual Operation And Maintenance Fund payment.
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Distribution of Excess Funds. The distributions of Excess Funds to the Enterprise pursuant to this Section 5 shall be deposited in the Enterprise's bank account specified by the Enterprise in a notice to Manager pursuant to Section 8.2.
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Distribution of Excess Funds. ‌ If any excess funds remain in the Settlement Fund after all distributions have been made in accordance with this Settlement Agreement, those funds shall be used in the first instance to reimburse EWS for any costs of administration of this Settlement Agreement, the amounts of which will be subject to verification by submission of invoices to the Settlement Administrator and to Class Counsel. Following that distribution, if any excess funds remain in the Settlement Fund, the Settlement Administrator shall distribute any remaining balance as a cy pres donation to the Arizona chapter of Junior Achievement. Under no circumstances will any other funds revert to EWS.
Sample 1
Distribution of Excess Funds. Upon completion of the Work, or upon sooner termination of this Agreement, and after payment of all outstanding costs and expenses incurred by the Work Group in furtherance of this Agreement, the Steering Committee shall distribute any excess funds remaining in the Work Group account to the Members in proportion to their respective allocated share of responsibility to pay Shared Costs.
Sample 1

Related to Distribution of Excess Funds

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • Permitted Withdrawals from the Certificate Account (a) The Master Servicer may, from time to time, make withdrawals from the Certificate Account for the following purposes (limited, in the case of Servicer reimbursements, to cases where funds in the respective Custodial P&I Account are not sufficient therefor):

  • Distributions from the Certificate Account (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account, the Available Distribution Amount (other than the Class E Distributable Amount and the Class P Distributable Amount) with respect to each Mortgage Pool, and shall distribute such amount to the Holders of record of each Class of Certificates or Components, in the following order of priority:

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Collection of Mortgage Loan Payments; Certificate Account; Distribution Account (a) The Master Servicer shall make reasonable efforts in accordance with the customary and usual standards of practice of prudent mortgage servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Required Insurance Policy. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the due dates for payments due on a Mortgage Note for a period not greater than 180 days; provided, however, that the Master Servicer cannot extend the maturity of any such Mortgage Loan past the date on which the final payment is due on the latest maturing Mortgage Loan as of the Cut-off Date. In the event of any such arrangement, the Master Servicer shall make Advances on the related Mortgage Loan in accordance with the provisions of Section 4.1 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements. The Master Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note or otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that enforcing the provision of the Mortgage or other instrument pursuant to which such payment is required is prohibited by applicable law.

  • Distribution Date 13 DTC...........................................................................................13

  • Certificate Distribution Account The Certificate Distribution Account shall be established as a non-interest bearing trust account pursuant to Section 4.1 of the Sale and Servicing Agreement. Funds on deposit in the Certificate Distribution Account shall be held uninvested. The Certificateholders shall possess all beneficial right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and all proceeds thereof. Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of the Master Servicer, the Trustee or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Distribution Account (a) The Trustee shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.

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