Irrevocable Payment Instructions Sample Clauses

Irrevocable Payment Instructions. Forthwith upon delivery of any Sales Contract Designation Notice with respect to any Sales Contract, the Guarantor shall deliver an original duly executed Irrevocable Payment Instructions with respect to that Sales Contract to the relevant Buyer and, in the case of a Covered Buyer, the Permitted Covering Institution issuing the letter or letters of credit or the insurance policy or policies (as applicable) supporting the relevant Covered Buyer’s payment obligations under that Sales Contract (with, in each case, a copy to the Trustee).

Irrevocable Payment Instructions. (a) Subject to the provisions of Section 6.22 of the Loan Agreement, if the Agent should at any time or from time to time determine that any invoices for the fees and expenses of counsel to the Agent or any invoices for the fees and expenses of Argus Management Corporation or any other financial consultants hired by the Agent or its counsel have not been reimbursed by the Borrower to the Agent, the Agent shall be entitled to debit the Borrower's Operating Account in an amount equal to the outstanding fees and expenses and to apply such amount to the unreimbursed fees and expenses. (b) The Borrower has entered into a funds transfer agreement with the Agent on the Agent's customary form. The following provisions are supplemental to the funds transfer agreement: (i) The Borrower hereby submits to the Agent a standing payment order to pay from the Borrower's Operating Account the amount set forth at any time or from time to time in any written notification received by the Agent from the Senior Note Holders (A) stating that the funds transfer is being requested to pay the outstanding fees and expenses of counsel to the Senior Note Holders, Nightingale & Associates LLC or any other financial consultants hired by the Senior Note Holders or their counsel and (B) containing funds transfer instructions. (ii) The Agent shall be fully protected in relying on any such notification and complying with the funds transfer instructions contained therein and shall not be responsible for the truth, accuracy, authenticity or genuineness of the notification or of any information contained therein. The Borrower agrees to indemnify and to hold the Agent harmless from and against any losses, costs or expenses sustained or incurred by the Agent in accepting a payment order and complying with the funds transfer instructions. Such indemnity obligations shall constitute obligations under the Credit Agreement secured by the Collateral. (iii) The standing payment order set forth in this Section 35(b) may not be cancelled without the prior written consent of the Senior Note Holders. The Borrower and the Agent agree not to amend the funds transfer agreement between them so as to derogate from the provisions in favor of the Senior Note Holders contained in this Section 35(b).

Irrevocable Payment Instructions. Deliver to each purchaser designated as an Eligible Obligor in respect of a Scheduled Receivable the Irrevocable Payment Instructions in the applicable invoice to make payment to the relevant Collection Account.

Irrevocable Payment Instructions. Deliver to each purchaser designated as an Eligible Buyer in respect of a Scheduled Receivable the Irrevocable Payment Instructions to make payment to (or to cause a letter of credit to be paid to) the relevant Collection Account. In the case of sales by Sanmina-Mexico, the Irrevocable Payment Instructions also shall have been delivered to each Eligible Buyer in the form of the Notification. Notwithstanding the foregoing, for a period of up to 90 days from the initial Purchase Date hereunder payments may be made by Obligors under Scheduled Receivables to accounts other than the Collection Accounts, and be promptly transferred by the Servicers to the Collection Sub-Account (the “Ramp Up Period”).

Irrevocable Payment Instructions. Deliver to each purchaser designated as an Eligible Buyer in respect of a Scheduled Receivable the Irrevocable Payment Instructions or, in the case of sales by Powerwave Sweden, a notification in the form set out in the Swedish Receivables Transfer Agreement, in each case to make payment to (or to cause a letter of credit to be paid to) the relevant Collection Account.

Irrevocable Payment Instructions. The Borrower waives, to the fullest extent possible, any right to revoke, with or without fair cause (▇▇▇▇▇ ▇▇▇▇▇), the Irrevocable Payment Instructions.

Irrevocable Payment Instructions. You are hereby irrevocably authorized and instructed for the benefit of Bank from the date of this notice to pay all Purchased Receivables for which Seller delivers to you a written notice specifically requesting that all payments in respect of such Purchased Receivable be made in accordance with this Notice of Assignment directly to the account specified below, in our capacity as “collection agent” authorized by Bank to collect on its behalf any and all monies payable in respect thereto. Please be advised that as of the date of this notice, you will not be released of your obligations under the [insert details of the relevant Contract.] unless all such Purchased Receivables are paid to the account detailed below. [•] ABA# [•] SWIFT: [•] A/C: [•]

Irrevocable Payment Instructions. (i) in the case of all CDSC Fees Collected, as identified on Line 5 of the Daily Reinsurance Servicer Report, remit all Payments in respect thereof directly to Anchor; (ii) in the case of all M&E Fees, as identified as M&E Fees Collected on Line 3 of the Daily Reinsurance Servicer Report, accrue, segregate and hold such M&E Fees for the benefit of Anchor and ANLIC (Hawaii) and, then, no later than two Business Days following receipt of a Reinsurance Servicer Report, (i) remit all Payments that, pursuant to Line 199 of the Reinsurance Servicer Report, are allocable to Anchor directly to Anchor and (ii) wire all Payments that, pursuant to Line 198 of the Reinsurance Servicer Report, are allocable to ANLIC (Hawaii) directly and in immediately available funds to the non-interest-bearing cash collateral account with Citibank, N.A. at its office at 399 Park Avenue, New York, New York 10043, Accoun▇ ▇▇. ▇▇▇▇▇▇▇▇; ▇▇▇ (▇▇▇) ▇▇ ▇▇▇ ▇▇ent the Custodi▇▇ ▇▇▇▇ not receive a Daily Reinsurance Servicer Report on any Business Day, the Custodian shall accrue, segregate and hold either (a) 110% of the amount of the M&E Fees withheld as indicated on Line 3 of the Daily Reinsurance Servicer Report last provided to the Custodian or (b) the maximum cash amount distributable to Anchor on that day by the Funds, whichever is less. Upon receiving such a Delinquent Daily Reinsurance Servicer Report, the Custodian shall remit to Anchor any amount withheld by the Custodian with respect to the M&E Fees in excess of that required to be withheld as indicated on Line 3 of such Delinquent Daily Reinsurance Servicer Report. Prior to any delivery of the above-referenced notice, however, the Custodian is to collect and remit Charges in accordance with the applicable custodial agreements then in effect.

Irrevocable Payment Instructions. If the Agent should at any time or from time to time determine that any invoices for the fees and expenses of counsel to the Agent or any invoices for the fees and expenses of Argus Management Corporation or any other financial consultants hired by the Agent or its counsel have not been reimbursed by the Borrowers to the Agent, the Agent shall be entitled to debit the Borrowers' Operating Account in an amount equal to the outstanding fees and expenses and to apply such amount to the unreimbursed fees and expenses.