Distributions on Payment Dates Sample Clauses

Distributions on Payment Dates. Subject to Section 5.1(c), on each Payment Date the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Exchange Note Collection Account and make deposits and payments, to the extent of (a) Exchange Note Available Funds for the Payment Date and (b) if the 2023-B Exchange Note is accelerated due to an Exchange Note Event of Default, any proceeds from any sale or liquidation of the 2023-B Exchange Note during the related Collection Period, and together with any Shared Amounts allocated to the 2023-B Exchange Note for the Payment Date, in the following order of priority:
Sample 1Sample 2See All (34)
AutoNDA by SimpleDocs
Distributions on Payment Dates. Without in any way limiting the obligations of each Borrower to make the payments of interest that are required to be made in respect of the Advances pursuant to Section 2.04(a) (with respect to any Payment Date, the “Required Payments”), each Borrower hereby authorizes and directs the Administrative Agent, on each Payment Date, to apply all Collections received from and after the immediately preceding Payment Date to but excluding such Payment Date (the aggregate amount of such Collections, after deducting any Reserves, shall be referred to as the “Applicable Collections Amount” in respect of such Payment Date) in the following order of priority: first, to pay any costs, expenses, fees, charges, or indemnities due the Administrative Agent under the terms of this Agreement or any Loan Document; second, to pay any costs, expenses, fees, charges, or indemnities due any Lender under the terms of this Agreement or any Loan Document; third, to pay any Letter of Credit Facing Fee, Letter of Credit Fee, or other fees due in respect of any Letter of Credit; fourth, to the payment of interest on the Advances; fifth, on a pro rata basis to repay any Letter of Credit Exposure, any Revolving Loan Advances, and any Draw Loan Advances to any Lender in full; sixth, to any obligations secured by any Collateral then remaining; and seventh, to FCMC for the benefit of the Borrowers.
Sample 1Sample 2
Distributions on Payment Dates. The Company shall on each Payment Date cause funds to be withdrawn from the Collection Account and the Reserve Account (to the extent such funds were held therein on the last day of the preceding Fiscal Quarter or, if such Payment Date is the Termination Date, on the Business Day immediately preceding the Termination Date (such Fiscal Quarter or period, the “Collection Period”)) and cause such funds to be distributed or applied, in respect of the amounts specified in the Distribution Schedule to be paid on such Payment Date for the related Collection Period, as follows:
Sample 1
Distributions on Payment Dates. Without in any way limiting the obligations of the Borrowers to make the payments of interest and principal that are required to be made in respect of the Advances pursuant to Sections 2.04(a) and 2.04(b) (with respect to any Payment Date, the “Required Payments”), the Borrowers hereby authorize and direct the Administrative Agent, on each Payment Date, to apply all Collections received from and after the immediately preceding Payment Date to but excluding such Payment Date (the aggregate amount of such Collections, after deducting any Reserves, shall be referred to as the “Applicable Collections Amount” in respect of such Payment Date) in the following order of priority: first, to pay any costs, expenses, fees, charges or indemnities due the Administrative Agent under the terms of this Agreement or any Loan Document; second, to pay any costs, expenses, fees, charges or indemnities due any Lender under the terms of this Agreement or any Loan Document; third, to the payment of amounts constituting additional periodic payments of interest required under any Interest Rate Hedge Agreement to any Lender in full; fourth, to the cash payment of interest on the Tranche A Advances as calculated for such Payment Date; fifth, to the BOS Adjustment, if a positive number; sixth, to prepay the outstanding principal amount of the Tranche A Advances, including any PIK Interest that has been added to such principal amount until the same are paid in full in the following order: Tranche A-1 Advances, Tranche A-2 Advances, Tranche A-3 Advances, and Tranche A-4 Advances; seventh, to pay any Obligations (other than payments constituting additional periodic payments of interest payable under item “third” above) under any Interest Rate Hedge Agreement to any Lender in full; eighth, to the cash payment of interest on the Tranche B-1 Advances as calculated for such Payment Date; ninth, to prepay the outstanding principal amount of the Tranche B-1 Advances, including any PIK Interest that has been added to such principal amount until the same are paid in full; tenth, to the cash payment of interest on the Tranche B-2 Advances as calculated for such Payment Date; eleventh, to prepay the outstanding principal amount of the Tranche B-2 Advances, including any PIK Interest that has been added to such principal amount until the same are paid in full; twelfth, to the cash payment of interest on the Tranche C Advances as calculated for such Payment Date; thirteenth, to prepay the outstandi...
Sample 1
Distributions on Payment Dates 
Sample 1

Related to Distributions on Payment Dates

  • Distributions and Interest Amount (i) Interest Rate. "

  • Distributions and Redemptions Maker shall not declare or pay any dividends or make any distributions of cash, property or securities of Maker with respect to any shares of its common stock, preferred stock or any other class or series of its stock, or, directly or indirectly (except for repurchases of common stock by Maker in accordance with the terms of employee benefit plans or written agreement between Maker and any of its employees approved by the Board of Directors of Maker prior to February 1, 2004), redeem, purchase, or otherwise acquire for any consideration any shares of its common stock or any other class of its stock.

  • Distributions on the REMIC Regular Interests (a) On each Distribution Date, the Trustee shall cause in the following order of priority, the following amounts to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be:

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Payment of Distributions Subject to the rights of holders of Parity Preferred Units and any holders of Partnership Interests issued after the date of issuance of the Series A Preferred Units in accordance herewith ranking senior to the Series A Preferred Units as to the payment of distributions, holders of Series A Preferred Units shall be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash and Capital Transaction Proceeds, cumulative preferential cash distributions at the rate per annum of 8.125% of the original Capital Contribution per Series A Preferred Unit. Such distributions shall be cumulative, shall accrue from the original date of issuance and will be payable (A) quarterly in arrears, on or before March 31, June 30, September 30 and December 31 of each year commencing on June 30, 1998 and, (B), in the event of (i) an exchange of Series A Preferred Units into Series A Preferred Stock, or (ii) a redemption of Series A Preferred Units, on the exchange date or redemption date, as applicable (each a "Preferred Unit Distribution Payment Date"). The amount of the distribution payable for any period will be computed on the basis of a 360-day year of twelve 30-day months and for any period shorter than a full quarterly period for which distributions are computed, the amount of the distribution payable will be computed on the basis of the actual number of days elapsed in such a 30-day month. If any date on which distributions are to be made on the Series A Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on June 30, 1998 and thereafter on the Series A Preferred Units will be made to the holders of record of the Series A Preferred Units on the relevant record dates to be fixed by the Partnership acting through the General Partner, which record dates shall be not less than ten (10) days and not more than thirty (30) Business Days prior to the relevant Preferred Unit Distribution Payment Date (the "Preferred Unit Partnership Record Date").

  • Distributions of Distributable Cash Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

  • Distributions Redemption 16 SECTION 4.1. Distributions.......................................................................16 SECTION 4.2. Redemption..........................................................................17 SECTION 4.3. Subordination of Common Securities..................................................19 SECTION 4.4. Payment Procedures..................................................................20 SECTION 4.5. Withholding Tax.....................................................................20 SECTION 4.6. Tax Returns and Other Reports.......................................................21 SECTION 4.7. Payment of Taxes, Duties, Etc. of the Trust.........................................21 SECTION 4.8. Payments under Indenture or Pursuant to Direct Actions..............................21 SECTION 4.9. Exchanges...........................................................................21 SECTION 4.10. Calculation Agent...................................................................22 SECTION 4.11.

  • Certain Distributions If the Company elects to:

  • Dividends, Distributions and Redemptions To enable each Fund to pay dividends or other distributions to shareholders of each such Fund and to make payment to shareholders who have requested repurchase or redemption of their shares of each such Fund (collectively, the "Shares"), the Custodian shall release cash or Securities insofar as available. In the case of cash, the Custodian shall, upon the receipt of Instructions, transfer such funds by check or wire transfer to any account at any bank or trust company designated by each such Fund in such Instructions. In the case of Securities, the Custodian shall, upon the receipt of Special Instructions, make such transfer to any entity or account designated by each such Fund in such Special Instructions.

  • Deferrals of Interest Payment Dates So long as no Event of Default has occurred and is continuing, the Company shall have the right, at any time during the term of the Securities, from time to time to defer the payment of interest on such Securities for such period or periods (each an "Extension Period") not to exceed the number of consecutive quarterly periods that equal five years with respect to each Extension Period, during which Extension Periods the Company shall have the right to make partial payments of interest on any Interest Payment Date. No Extension Period shall end on a date other than an Interest Payment Date. At the end of any such Extension Period, the Company shall pay all interest then accrued and unpaid on the Securities (together with Additional Interest thereon, if any, at the rate specified for the Securities to the extent permitted by applicable law); provided, however, that no Extension Period shall extend beyond the Stated Maturity of the principal of the Securities; and provided further, however, that, during any such Extension Period, the Company shall not (i) declare or pay any dividends or distributions on, or redeem, purchase, acquire or make a liquidation payment with respect to, any of the Company's capital stock, or (ii) make any payment of principal of or interest or premium, if any, on or repay, repurchase or redeem any debt securities of the Company that rank pari passu in all respects with or junior in interest to the Securities (other than (a) repurchases, redemptions or other acquisitions of shares of capital stock of the Company in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of any one or more employees, officers, directors or consultants, in connection with a dividend reinvestment or stockholder stock purchase plan or in connection with the issuance of capital stock of the Company (or securities convertible into or exercisable for such capital stock) as consideration in an acquisition transaction entered into prior to the applicable Extension Period, (b) as a result of an exchange or conversion of any class or series of the Company's capital stock (or any capital stock of a Subsidiary of the Company) for any class or series of the Company's capital stock or of any class or series of the Company's indebtedness for any class or series of the Company's capital stock, (c) the purchase of fractional interests in shares of the Company's capital stock pursuant to the conversion or exchange provisions of such capital stock or the security being converted or exchanged, (d) any declaration of a dividend in connection with any Rights Plan, or the issuance of rights, stock or other property under any Rights Plan, or the redemption or repurchase of rights pursuant thereto, or (e) any dividend in the form of stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks pari passu with or junior to such stock). Prior to the termination of any such Extension Period, the Company may further defer the payment of interest, provided that no Event of Default has occurred and is continuing and provided further, that no Extension Period shall exceed the period or periods specified in such Securities, extend beyond the Stated Maturity of the principal of such Securities or end on a date other than an Interest Payment Date. Upon the termination of any such Extension Period and upon the payment of all accrued and unpaid interest and any Additional Interest then due on any Interest Payment Date, the Company may elect to begin a new Extension Period, subject to the above conditions. No interest or Additional Interest shall be due and payable during an Extension Period, except at the end thereof, but each installment of interest that would otherwise have been due and payable during such Extension Period shall bear Additional Interest. The Company shall give the Holders of the Securities and the Trustee notice of its election to begin any such Extension Period at least one Business Day prior to the next succeeding Interest Payment Date on which interest on Securities would be payable but for such deferral or, with respect to any Securities issued to the Issuer Trust, so long as any such Securities are held by the Issuer Trust, at least one Business Day prior to the earlier of (i) the next succeeding date on which Distributions on the Preferred Securities of the Issuer Trust would be payable but for such deferral, and (ii) the date on which the Property Trustee of the Issuer Trust is required to give notice to holders of such Preferred Securities of the record date or the date such Distributions are payable, but in any event not less than one Business Day prior to such record date. The Trustee shall promptly give notice of the Company's election to begin any such Extension Period to the Holders of the Outstanding Securities.

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