Insufficient Funds in Account Sample Clauses

Insufficient Funds in Account. During the Term of this Agreement, Business Manager shall advance sufficient funds to cover all expenses and obligations only if, and to the extent that, the amount of such advances, plus accrued interest thereon, does not exceed the reasonably collectable value of the Practice's accounts receivable as determined by Business Manager in its reasonable discretion plus any amounts borrowed by Business Manager pursuant to Section 5.4. Business Manager may, however, elect from time to time to advance additional funds to the Practice at its discretion. Any of such advances shall be deemed loans to the Practice to be repaid by the Practice along with interest at six percent (6%) per annum. Any of such advanced amounts which have not been paid to Business Manager pursuant to Section 3.10(a)(i) on the date of termination of this Agreement shall become due and payable on the date of such termination.
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Insufficient Funds in Account. During the Term of this Agreement, ------------------------------- Business Manager shall advance sufficient funds to cover all Practice Expenses and Shareholder Expenses only if, and to the extent that, the amount of such advances, plus accrued interest thereon, does not exceed the reasonably collectable value of the Practice's accounts receivable as determined by Business Manager in its reasonable discretion plus any amounts borrowed by Business Manager pursuant to Section 5.4 and minus the accrued Management Fee. Business Manager may, however, elect from time to time to advance additional funds to the Practice at its discretion. Any of such advances shall be deemed loans to the Practice to be repaid by the Practice along with interest at six percent (6%) per annum. Any of such advanced amounts which have not been paid to Business Manager pursuant to Section 3.10(a)(i) on the date of termination of this Agreement shall become due and payable on the date of such termination.

Related to Insufficient Funds in Account

  • Insufficient Funds If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties.

  • NON-SUFFICIENT FUNDS (NSF CHECKS) If the Tenant pays the Rent with a check that is not honored due to insufficient funds (NSF): (check one) ☐ - There shall be a fee of $ per incident. ☐ - There shall be no fee.

  • Non-Sufficient Funds Tenant shall be charged $ for each check that is returned to Landlord for lack of sufficient funds.

  • Sufficient Funds Buyer has, and will have at the Effective Time, sufficient funds to consummate the transactions contemplated by this Agreement, subject to the terms and conditions of this Agreement.

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

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • Excess Funds Any party receiving funds paid by SBBC under this Agreement agrees to promptly notify SBBC of any funds erroneously received from SBBC upon the discovery of such erroneous payment or overpayment. Any such excess funds shall be refunded to SBBC.

  • Termination for Insufficient Funding The State may immediately terminate this Contract if it does not obtain funding from the Minnesota Legislature, or other funding source; or if funding cannot be continued at a level sufficient to allow for the payment of the services addressed within this Contract. Termination must be by written notice to the Contractor. The State is not obligated to pay for any services that are provided after notice and effective date of termination. However, the Contractor will be entitled to payment, determined on a pro rata basis, for services satisfactorily performed to the extent that dedicated funds are available. The State will not be assessed any penalty if the Contract is terminated because of the decision of the Minnesota Legislature, or other funding source, not to appropriate funds. The State must provide the Contractor notice of the lack of funding. This notice will be provided within a reasonable time of the State’s receiving notice.

  • 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:

  • Permitted Withdrawals from the Custodial Account (a) The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.07 that are attributable to the Mortgage Loans for the following purposes:

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