PAYMENT BY TRUSTEE Sample Clauses
The 'Payment by Trustee' clause defines the trustee's responsibility to make payments on behalf of a trust, typically to beneficiaries or third parties as specified in the trust agreement. In practice, this clause outlines the procedures and conditions under which the trustee disburses funds, such as timing, required documentation, or limitations on payment amounts. Its core function is to ensure that payments are handled transparently and in accordance with the trust's terms, thereby protecting the interests of beneficiaries and maintaining proper trust administration.
PAYMENT BY TRUSTEE. The Trustee shall, with the assistance of and at the direction of the Trust Manager, not later than 10.00 am (New York time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent the amount in US$ as Agency Agreement [Allens ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Logo] -------------------------------------------------------------------------------- may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on that Payment Date under the Series Notice and the Conditions.
PAYMENT BY TRUSTEE. The Trustee shall, with the assistance of and, at the direction of the Manager, not later than 10.00 am (London time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent (including where relevant in clause 3.9) the amount in US$ as may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on each Class of Class A Notes on that Payment Date under the Supplementary Terms Notice and the Conditions.
PAYMENT BY TRUSTEE. The Trustee shall, with the assistance of and, at the direction of the Manager, not later than 10.00 am (New York time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent (including where relevant in clause 3.9) the amount in US$ as may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on each Payment Date under the Supplementary Terms Notice in respect of the Class A-1 Notes and the relevant Conditions. Agency Agreement [Allens ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LOGO] --------------------------------------------------------------------------------
PAYMENT BY TRUSTEE. (a) The Trustee shall, with the assistance of and, at the direction of the Manager, not later than 10.00 am (New York time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent (including where relevant in clause 3.9) the amount in US$ as may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on each Payment Date under the Supplementary Terms Notice in respect of the Class A-1 Notes and the relevant Conditions.
(b) The Trustee shall, with the assistance of and at the direction of the Manager, not later than 10.00 am (London time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent (including where relevant in clause 3.9) the amount in Euros as may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on that Agency Agreement [ALLENS ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LOGO] -------------------------------------------------------------------------------- Payment Date under the Supplementary Terms Notice in respect of the Class A-2 Notes and the relevant Conditions.
PAYMENT BY TRUSTEE. The Trustee shall, with the assistance of and, at the direction of the Manager, not later than 10.00 am (London time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent (including where relevant in clause 3.9) the amount in US$ as may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on each Class of US$ Notes on that Payment Date under the Supplementary Terms Notice and the Conditions.
PAYMENT BY TRUSTEE. Subject to Article IV and the other Operative Documents, Trustee shall, from the Trust Estate, return to each Certificate Holder, on a Pro Rata Basis (a) on each Payment Date, the monies received by Trustee constituting Equity Return (or part thereof) accrued to such date and Availability Fees (net of any Loan Availability Fees accrued to such date), (b) on the Casualty Loss Value Payment of an Item of Equipment or on the date an Item of Equipment is sold by Trustee, the monies received by Trustee constituting Casualty Loss Value (or part thereof) or sale proceeds of such Item of Equipment and (c) on the Termination Date, the monies received by Trustee constituting a Lease Payment or a Deficiency payment (or part thereof). Each payment received by a Certificate Holder in accordance with clause (b) or (c) above shall reduce its Certificate Holder Amount by the amount of such payment.
PAYMENT BY TRUSTEE. Trustee may pay on demand, from the funds on deposit in the Program Fund, any and all costs, damages, judgments, attorney’s fees, expenses, obligations and liabilities of every kind and nature reasonably suffered or incurred in connection with (a) the interpretation of this Trust Agreement or any amendments or supplements to, or restatements of, this Trust Agreement, (b) the taking of any action or acts taken pursuant to this Trust Agreement, as it may be amended and/or restated from time to time, in order to establish the validity of same, (c) the institution by the Trustee of any interpleader in accordance with the terms of this Trust Agreement or (d) any other proceeding to which the Trustee is made a party and which relates to the Trust, this Trust Agreement, the Plan or the Trust Properties.
PAYMENT BY TRUSTEE. (a) The Trustee shall, with the assistance of and, at the direction of the Manager, not later than 10.00 am (New York time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent (including where relevant in clause 3.9) the amount in US$ as may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on each Payment Date under the Supplementary Terms Notice in respect of the Class A-1 Notes and the relevant Conditions.
(b) The Trustee shall, with the assistance of and at the direction of the Manager, not later than 10.00 am (London time) on each Payment Date, pay in same day freely transferable cleared funds to or to the order of, or procure payment to or to the order of, the Euro Paying Agent (including where relevant in clause 3.9) the amount in Euros as may be required on the relevant day to such account at such bank as the Euro Paying Agent may from time to time specify to the Trustee for such purpose at least 10 Business Days before the relevant Payment Date (after taking account of any cash then held by the Euro Paying Agent and available for the purpose) to be made on that Payment Date under the Supplementary Terms Notice in respect of the Class A-2 Notes and the relevant Conditions. Agency Agreement [Allens Arthur Robinson LOGO] --------------------------------------------------------------------------------
PAYMENT BY TRUSTEE. The Trustee will pay Requisitions in accordance with their terms when the Requisition has been accompanied by a certificate of ▇▇▇▇ in accordance with Section 3.03 of the Indenture, the Loan Agreement and this Agreement, and in so doing the Trustee will be entitled to all of the rights, benefits and protections afforded to it as Trustee under the Indenture.
PAYMENT BY TRUSTEE. (a) The Trustee shall, with the assistance of and, at the direction of the Manager, not later than 10.00 am (New York time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent (including where relevant in clause 3.10) the amount in US$ as may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on Payment Allens Arthur Robinson + Agency Agreement -------------------------------------------------------------------------------- Date under the Supplementary Terms Notice in respect of the Class A-1 Notes and the relevant Conditions.
(b) The Trustee shall, with the assistance of and at the direction of the Manager, not later than 10.00 am (London time) on each Payment Date, pay to or to the order of, or procure payment to or to the order of, the Principal Paying Agent (including where relevant in clause 3.10) the amount in Euros as may be required (after taking account of any cash then held by the Principal Paying Agent and available for the purpose) to be made on that Payment Date under the Supplementary Terms Notice in respect of the Class A-2 Notes and the relevant Conditions.