Common use of Manner of Making Payments Clause in Contracts

Manner of Making Payments. (a) For so long as FFB is the Holder of this Note, each payment under this Note shall be paid in immediately available funds by electronic funds transfer to the account of the United States Treasury (for credit to the subaccount of the Secretary) maintained at the Federal Reserve Bank of New York in the manner described below: U.S. Treasury Department ABA No. 0000-0000-0 TREAS NYC/CTR/BNF=D 89000001 OBI=Dept of Energy Loan # (Solyndra Fab 2 LLC) provided, however, that a payment made in the manner described above shall not discharge any portion of a payment obligation under this Note, or be applied as provided in paragraph 14 of this Note, until the payment has been received and credited to the subaccount of FFB (within the account of the United States Treasury maintained at the Federal Reserve Bank of New York) specified by FFB in a written notice to the Secretary, or to such other account as may be specified from time to time by FFB in a written notice to the Secretary.

Appears in 3 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (Solyndra, Inc.), Solyndra, Inc.

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Manner of Making Payments. (a) For so long as FFB is the Holder of this Note, unless as shall be specified by FFB in a written notice to the Borrower and the Administrator, each payment under this Note shall be paid in immediately available funds by electronic funds transfer to the account of the United States Treasury (for credit to the subaccount of the SecretaryAdministrator) maintained at the Federal Reserve Bank of New York in the manner described below: U.S. Treasury Department ABA No. 0000-0000-0 TREAS NYC/CTR/BNF=D 89000001 OBI=Dept of Energy Loan # (Solyndra Fab 2 LLC) BNF= 69170001 provided, however, that a payment made in the manner described above shall not discharge any portion of a payment obligation under this Note, or be applied as provided in paragraph 14 13 of this Note, until the payment has been received and credited to the subaccount of FFB (within the account of the United States Treasury maintained at the Federal Reserve Bank of New York) specified by FFB in a written notice to the SecretaryAdministrator, or to such other account as may be specified from time to time by FFB in a written notice to the SecretaryAdministrator.

Appears in 2 contracts

Samples: Note Purchase Agreement (Matson, Inc.), Note Purchase Agreement (Matson, Inc.)

Manner of Making Payments. (a) For so long as FFB is the Holder of this Note, each payment under this Note shall be paid in immediately available funds by electronic funds transfer to the account of the United States Treasury (for credit to the subaccount of the Secretary) maintained at the Federal Reserve Bank of New York in the manner described below: U.S. Treasury Department ABA No. 0000-0000-0 TREAS NYC/CTR/BNF=D 89000001 BNF=89000001 OBI=Dept of Energy LGPO Oglethorpe Power Corporation (An Electric Membership Corporation) Loan # (Solyndra Fab 2 LLC) #1017 provided, however, that a payment made in the manner described above shall not discharge any portion of a payment obligation under this Note, or be applied as provided in paragraph 14 13 of this Note, until the payment has been received and credited to the subaccount of FFB (within the account of the United States Treasury maintained at the Federal Reserve Bank of New York) specified by FFB in a written notice to the Secretary, or to such other account as may be specified from time to time by FFB in a written notice to the Secretary.

Appears in 2 contracts

Samples: Note Purchase Agreement (Oglethorpe Power Corp), Oglethorpe Power Corp

Manner of Making Payments. (a) For so long as FFB is the Holder of this Note, each payment under this Note shall be paid in immediately available funds by electronic funds transfer to the account of the United States Treasury (for credit to the subaccount of the Secretary) maintained at the Federal Reserve Bank of New York in the manner described below: U.S. Treasury Department ABA No. 0000-0000-0 TREAS NYC/CTR/BNF=D 89000001 BNF=89000001 OBI=Dept of Energy LGPO Oglethorpe Power Corporation (An Electric Membership Corporation) Loan # (Solyndra Fab 2 LLC) #1347 provided, however, that a payment made in the manner described above shall not discharge any portion of a payment obligation under this Note, or be applied as provided in paragraph 14 13 of this Note, until the payment has been received and credited to the subaccount of FFB (within the account of the United States Treasury maintained at the Federal Reserve Bank of New York) specified by FFB in a written notice to the Secretary, or to such other account as may be specified from time to time by FFB in a written notice to the Secretary.

Appears in 2 contracts

Samples: Note Purchase Agreement (Oglethorpe Power Corp), Oglethorpe Power Corp

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Manner of Making Payments. (a) For so long as FFB is the Holder of this Note, each payment under this Note shall be paid in immediately available funds by electronic funds transfer to the account of the United States Treasury (for credit to the subaccount of the Secretary) maintained at the Federal Reserve Bank of New York in the manner described below: U.S. Treasury Department ABA No. 0000-0000-0 TREAS NYC/CTR/BNF=D 89000001 BNF=89000001 OBI=Dept of Energy Loan LGPO Beacon/Stephentown # (Solyndra Fab 2 LLC) 1002 provided, however, that a payment made in the manner described above shall not discharge any portion of a payment obligation under this Note, or be applied as provided in paragraph 14 of this Note, until the payment has been received and credited to the subaccount of FFB (within the account of the United States Treasury maintained at the Federal Reserve Bank of New York) specified by FFB in a written notice to the Secretary, or to such other account as may be specified from time to time by FFB in a written notice to the Secretary.

Appears in 1 contract

Samples: Beacon Power Corp

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