Lockbox Procedures Sample Clauses

Lockbox Procedures. (a) In the event that either (i) the Tangible Net Worth of CCC is less than two hundred percent (200%) of the amount of the maximum liability under the Guarantee from time to time as of the end of each of three (3) consecutive Accounting Periods, or (ii) the Consolidated Coverage Ratio of CCC is less than 2.3 to 1.0 for each of three (3) consecutive Accounting Periods, or (iii) there is an Event of Default under Section 12.1(a)(i), 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3), 12.1(f), 12.1(g), 12.1(h), 12.1(i), 12.1(k), or 12.1(m) of this Lease, or (iv) there is a default continuing beyond any applicable cure period under Section 12.1(a)(i) or Section 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3) of any Pool Lease (other than this Lease) or any Other Lease with respect to which CCC Limit of Liability under any CCC guarantee applicable to such Other Lease is greater than zero, then, at Landlord's option and upon Notice to Manager and Tenant (the date of such notice, the "LOCKBOX NOTICE DATE"), the procedures set forth in this Section 3.5 shall apply during the period beginning no later than two (2) weeks after the Lockbox Notice Date and continuing thereafter until the first (1st) day of the first (1st) full Accounting Period after (w) the Tangible Net Worth of CCC is at least equal two hundred percent (200%) of the maximum liability under the Guarantee from time to time as of the end of each of three (3) consecutive Accounting Periods, (x) the Consolidated Coverage Ratio of CCC is at least 2.3 to 1.0 for each of three (3) consecutive Accounting Periods, (y) no Event of Default under Section 12.1(a)(i), 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3), 12.1(f), 12.1(g), 12.1(h), 12.1(i), 12.1(k), or 12.1(m) of this Lease has been in effect as of the end of each of three (3) consecutive Accounting Periods, or (z) there has been no default continuing beyond any applicable cure period under Section 12.1(a)(i) or Section 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3) of any Pool Lease (other than this Lease) or any Other Lease with respect to which CCC Limit of Liability under any CCC guarantee applicable to such Other Lease is greater than zero, as of the end of each of three (3) consecutive Accounting Periods (such period, a "LOCKBOX PERIOD"). At any time after the termination of the Guarantee pursuant to Section 10 thereof, a Lockbox Period shall commence pursuant to this subsection (a) only if there is an Event of D...
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Lockbox Procedures. (a) Servicer shall cause all mail addressed and delivered to the Lockbox Account to be removed and inspected. If any such mail is something other than a Tenant Payment or contains any notice or other correspondence from the sender of the Tenant Payment, Servicer shall promptly send such letter, documents, notice or other correspondence to Borrower. So long as Servicer's prior consent is obtained, Tenant Payments may be remitted to Servicer by wire transfer.
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Lockbox Procedures. (a) Bank shall establish a unique U.S. Postal Service address (“Lockbox”) to be used for remittances which are to be deposited into a Blocked Deposit Account pursuant to this Agreement (as designated by Lender or Borrower, as the case may be) and shall promptly notify Borrower and Lender in writing of such address. Bank shall have exclusive and unrestricted access to, and use of, the Lockbox for the purpose of handling such remittances in accordance with this Agreement. Bank will collect, open and process for deposit all mail received in the Lockbox in accordance with the procedures set forth on Exhibit A attached hereto. Borrower shall be responsible for all fees associated with the Lockbox and Deposit Account, as may be charged by the Bank pursuant to the Lockbox terms and conditions and its schedule of fees and charges, applicable to customers generally, as may be amended from time to time.
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Lockbox Procedures. A) Differences in Amount If the script and numerical amounts themselves do not agree, yet one of these amounts agrees with the invoice amount, credit for the invoice amount. If there is no invoice, or if neither the script or numerical amount agree with the invoice amount, credit for the script amount.
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Lockbox Procedures. (a) In the event that either (i) the Tangible Net Worth of CCC is less than the Minimum Net Worth as of the end of three (3) consecutive Accounting Periods, or (ii) the Consolidated Coverage Ratio of CCC is less than 1.7 to 1.0 for three (3) consecutive Accounting Periods, or (iii) the Tangible Net Worth of CCC is less than two hundred percent (200%) of the amount of the maximum liability under the Guarantee from time to time as of the end of each of three (3) consecutive Accounting Periods, or (iv) there is an Event of Default under Section 12.1(a)(i) or a payment default (continuing beyond any applicable cure period) under any Other Lease subject to the Pooling Agreement, then, at Landlord's option and upon Notice to Manager and Tenant (the date of such notice, the "Lockbox Notice Date"), the procedures set forth in this Section 3.5 shall apply during the period beginning no later than two (2) weeks after the Lockbox Notice Date and continuing thereafter until the first (1st) day of the first (1st) full Accounting Period after (w) the Tangible Net Worth of CCC is at least equal to the Minimum Net Worth as of the end of each of three (3) consecutive Accounting Periods, (x) the Consolidated Coverage Ratio of CCC is at least 1.7 to 1.0 for three (3) consecutive Accounting Periods, (y) the Tangible Net Worth of CCC is at least equal to two hundred percent (200%) of the maximum liability under the Guarantee from time to time as of the end of each of three (3) consecutive Accounting Periods, and (z) no Event of Default under Section 12.1(a)(i) or payment default (continuing beyond any applicable cure period) under any Other Lease subject to the Pooling Agreement has been in effect as of the end of each of three consecutive Accounting Periods (such period, a "Lockbox Period").
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Related to Lockbox Procedures

  • Billing Procedures (a) PROVIDER agrees all claims shall be submitted to OHCA in a format acceptable to OHCA and in accordance with the OHCA Provider Manual.

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement.

  • AML/KYC Procedures “AML/KYC Procedures” means the customer due diligence (CDD) procedures of a Reporting Financial Institution pursuant to the anti-money laundering or similar requirements of the jurisdiction concerned to which such Reporting Financial Institution is subject.

  • RECOVERY PROCEDURES The nature and severity of any disaster will influence the recovery procedures. One crucial factor in determining how BellSouth will proceed with restoration is whether or not BellSouth's equipment is incapacitated. Regardless of who's equipment is out of service, BellSouth will move as quickly as possible to aid with service recovery; however, the approach that will be taken may differ depending upon the location of the problem.

  • SAFETY PROCEDURES The Contractor shall:

  • Funding Procedures Not later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Loans, each of the Banks will make available to the Agent, at its Head Office, in immediately available funds, the amount of such Bank's Commitment Percentage of the amount of the requested Loans. Upon receipt from each Bank of such amount, and upon receipt of the documents required by ss.ss.11 and 12 and the satisfactIon of the other conditions set forth therein, to the extent applicable, the Agent will make available to the Borrower the aggregate amount of such Loans made available to the Agent by the Banks. The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Loans shall not relieve any other Bank from its several obligation hereunder to make available to the Agent the amount of such other Bank's Commitment Percentage of any requested Loans.

  • New Procedures New procedures as to who shall provide certain of these services in Section 1 may be established in writing from time to time by agreement between the Fund and the Transfer Agent. The Transfer Agent may at times perform only a portion of these services and the Fund or its agent may perform these services on the Fund's behalf;

  • Reply Procedures In connection with any Auction, each Lender holding the relevant Term Loans subject to such Auction may, in its sole discretion, participate in such Auction and may provide the Auction Agent with a notice of participation (the “Return Bid”) which shall be in a form reasonably acceptable to the Auction Agent, and shall specify (i) a discount to par (that must be expressed as a price at which it is willing to sell all or any portion of such Term Loans) (the “Reply Price”), which (when expressed as a percentage of the par principal amount of such Term Loans) must be within the Discount Range and (ii) a principal amount of such Term Loans, which must be in whole increments of $1,000,000 (or, in any case, such lesser amount of such Term Loans of such Lender then outstanding or which is otherwise reasonably acceptable to the Auction Agent) (the “Reply Amount”). Lenders may only submit one Return Bid per Auction, but each Return Bid may contain up to three bids only one of which may result in a Qualifying Bid. In addition to the Return Bid, the participating Lender must execute and deliver, to be held in escrow by the Auction Agent, an Assignment and Assumption with the dollar amount of the Term Loans to be assigned to be left in blank, which amount shall be completed by the Auction Agent in accordance with the final determination of such Lender’s Qualifying Bid pursuant to clause (c) below. Any Lender whose Return Bid is not received by the Auction Agent by the Auction Response Date shall be deemed to have declined to participate in the relevant Auction with respect to all of its Term Loans.

  • Allocation Procedures On each Business Day, the Credit Facility Team shall seek to collect data on the uninvested cash of Funds listed on Schedule B hereto from such Funds’ custodian. On each occasion that a Fund delivers Borrowing Instructions to the Credit Facility Team, the Credit Facility Team will seek to match the amount and term of the Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Board of Trustees. The Credit Facility Team shall allocate the borrowing demand and lending needs among the Funds on what the Credit Facility Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures. The Credit Facility Team shall not solicit cash for Loans from any Funds or publish or disseminate the amount of any current borrowing demand to the Adviser’s investment personnel. No Loan may be made unless the Interest Rate is more favorable for the Lender than both the OTD Rate and the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.

  • Quality Control Procedures The Seller shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program shall include evaluating and monitoring the overall quality of the Seller's loan production and the servicing activities of the Seller. The program is to ensure that the Mortgage Loans are originated and serviced in accordance with Accepted Servicing Standards and the Underwriting Guidelines; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.

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