Payment Distributions Clause Samples
The Payment Distributions clause defines how and when payments are allocated among parties under an agreement. It typically outlines the schedule, method, and order in which funds are distributed, such as specifying that payments are made monthly or upon completion of certain milestones, and may address how partial payments or deductions are handled. This clause ensures that all parties have a clear understanding of the financial flows, reducing the risk of disputes over payment timing or amounts.
Payment Distributions. Servicer will distribute payments to the named individuals and entities as instructed in writing by ▇▇▇▇▇▇ or ▇▇▇▇▇▇’s agent. Servicer reserves the right to delay distributions until payments deposited have cleared the issuer's bank according to Servicer’s Payment Policy (available upon request). If Servicer does not have a valid current address for Lender, it may hold all distributions for that Lender in a non-interest-bearing trust account, without liability.
Payment Distributions. After Trustee’s receipt from Cemetery Authority of Cemetery Authority’s request for withdrawal and related documentation as set forth above, Trustee shall pay the amount requested to Cemetery Authority. Trustee shall utilize commercially reasonable efforts to make such payment as soon as possible after such receipt, subject to availability of funds. The amount requested by Cemetery Authority shall be based upon records maintained by Cemetery Authority or its agents. Trustee shall have no responsibility for determining the accuracy of any amounts specified or statements made within Cemetery Authority’s withdrawal request and related documentation. Trustee may rely conclusively on the amounts specified and statements made in Cemetery Authority’s withdrawal request and related documentation. The Cemetery Authority shall indemnify, release and hold Trustee harmless from any liability resulting from such reliance. The Trustee’s only responsibility with regard to such request shall be to verify that the form and manner by which such request is submitted comply with the requirements of this Article, and, where such request does comply with such requirements, to issue payment to Cemetery Authority as directed in the request.
Payment Distributions. After Trustee’s receipt from Cemetery Authority of Cemetery Authority’s request for withdrawal of Net Income and related documentation as set forth above, Trustee shall pay the amount requested to Cemetery Authority. Trustee shall utilize commercially
Payment Distributions. 58.1 Where a dividend or other sum which is a distribution is payable in respect of a share, it must be paid by one or more of the following means:
(a) transfer to a bank or building society account specified by the distribution recipient either in writing or as the directors may otherwise decide;
(b) sending a cheque made payable to the distribution recipient by post to the distribution recipient at the distribution recipient’s registered address (if the distribution recipient is a holder of the share), or (in any other case) to an address specified by the distribution recipient either in writing or as the directors may otherwise decide;
(c) sending a cheque made payable to such person by post to such person at such address as the distribution recipient has specified either in writing or as the directors may otherwise decide; or
(d) any other means of payment as the directors agree with the distribution recipient either in writing or by such other means as the directors decide.
58.2 In the Articles, the “distribution recipient” means, in respect of a share in respect of which a dividend or other sum is payable:
Payment Distributions. After Trustee’s receipt from Funeral Establishment of Funeral Establishment’s request for withdrawal and related documentation as set forth above, Trustee shall pay the amount requested to Funeral Establishment. Trustee shall utilize commercially reasonable efforts to make such payment as soon as possible after such receipt, subject to availability of funds. The amount requested by Funeral Establishment shall be based upon records maintained by Funeral Establishment or its agents. Trustee shall have no responsibility for determining the accuracy of any amounts specified or statements made within Funeral Establishment’s withdrawal request and related documentation. Trustee may rely conclusively on the amounts specified and statements made in Funeral Establishment’s withdrawal request and related documentation. The Funeral Establishment shall indemnify, release and hold Trustee harmless from any liability resulting from such reliance. The Trustee’s only responsibility with regard to such request shall be to verify that the form and manner by which such request is submitted comply with the requirements of this Article, and, where such request does comply with such requirements, to issue payment to Funeral Establishment as directed in the request.
Payment Distributions. After Trustee’s receipt from Funeral Establishment of Funeral Establishment’s request for withdrawal and related
Payment Distributions. M▇▇▇▇▇▇▇ shall send payment as described in Article VII, Section A on the tenth day of each month for the monies received for the month prior to the date of the payment.