PAYMENT OF FUNDS BY THERMO ELECTRON Sample Clauses

PAYMENT OF FUNDS BY THERMO ELECTRON. If in any year Biomedical incurs a loss or generates tax credits or similar tax benefits (a "tax benefit item"), Thermo Electron shall pay to Biomedical a sum equal to the amount of benefit realized by Thermo Electron that is attributable to the Biomedical tax benefit item: payments due to Biomedical from Thermo Electron under this section shall be made upon the earlier of (1) the year in which Biomedical would have obtained a tax benefit from the tax benefit item if Biomedical had in all years filed a separate federal income tax return or (2) the year in which any applicable carry-forward period with respect to the tax benefit item expires; provided that payments under this section shall be made first by being taken into account in determining amounts payable to Biomedical under Section 3, and any remaining amount due to Biomedical shall be paid by Thermo Electron to Biomedical at the times set forth for payments by Biomedical under Section 3.
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PAYMENT OF FUNDS BY THERMO ELECTRON. If in any year Ecotek incurs a loss or generates tax credits or similar tax benefits (a "tax benefit item"), Thermo Electron shall pay to Ecotek a sum equal to the amount of benefit realized by Thermo Electron that is attributable to the Ecotek tax benefit item; payments due to Ecotek from Thermo Electron under this section shall be made upon the earlier of (1) the year in which Ecotek would have obtained a tax benefit from the tax benefit item if Ecotek had in all years filed a separate federal income tax return or (2) the year in which any applicable carry-forward period with respect to the tax benefit item expires; provided that payments under this section shall be made first by being taken into account in determining amounts payable to Ecotek under Section 3, and any remaining amount due to Ecotek shall be paid by Thermo Electron to Ecotek at the times set forth for payments by Ecotek under Section 3.
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PAYMENT OF FUNDS BY THERMO ELECTRON. If in any year Metrika incurs a loss or generates tax credits or similar tax benefits (a "tax benefit item"), Thermo Electron shall pay to Metrika a sum equal to the amount of benefit realized by Thermo Electron that is attributable to the Metrika tax benefit item; payments due to Metrika from Thermo Electron under this section shall be made upon the earlier of (1) the year in which Metrika would have obtained a tax benefit from the tax benefit item if Metrika had in all years filed a separate federal income tax return or (2) the year in which any applicable carry-forward period with respect to the tax benefit item expires; provided that payments under this section shall be made first by being taken into account in determining amounts payable to Metrika under Section 3, and any remaining amount due to Metrika shall be paid by Thermo Electron to Metrika at the times set forth for payments by Metrika under Section 3.
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PAYMENT OF FUNDS BY THERMO ELECTRON. If in any year ONIX incurs a loss or generates tax credits or similar tax benefits (a "tax benefit item"), Thermo Electron shall pay to ONIX a sum equal to the amount of benefit realized by Thermo Electron that is attributable to the ONIX tax benefit item; payments due to ONIX from Thermo Electron under this section shall be made upon the earlier of (1) the year in which ONIX would have obtained a tax benefit from the tax benefit item if ONIX had in all years filed a separate federal income tax return or (2) the year in which any applicable carry-forward period with respect to the tax benefit item expires; provided that payments under this section shall be made first by being taken into account in determining amounts payable to ONIX under Section 3, and any remaining amount due to ONIX shall be paid by Thermo Electron to ONIX at the times set forth for payments by ONIX under Section 3.
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PAYMENT OF FUNDS BY THERMO ELECTRON. If in any year the Companies incur a loss, Thermo Electron shall pay to ThermoLase a sum equal to the amount of benefit realized by Thermo Electron that is attributable to the tax loss incurred by ThermoLase. Payments due to ThermoLase from Thermo Electron under this section shall be made promptly following the realization and receipt of such tax benefits by Thermo Electron.
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Related to PAYMENT OF FUNDS BY THERMO ELECTRON

  • Authorization of Receipt of Funds by the Trustee Under the Security Documents Subject to the provisions of the Intercreditor Agreement, the Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture.

  • Authorization of Receipt of Funds by the Trustee Under the Collateral Documents Subject to the provisions of the Intercreditor Agreements, the Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Collateral Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture.

  • Non-Receipt of Funds by the Agent Unless the Borrower or a Lender, as the case may be, notifies the Agent prior to the date on which it is scheduled to make payment to the Agent of (i) in the case of a Lender, the proceeds of a Loan or (ii) in the case of the Borrower, a payment of principal, interest or fees to the Agent for the account of the Lenders, that it does not intend to make such payment, the Agent may assume that such payment has been made. The Agent may, but shall not be obligated to, make the amount of such payment available to the intended recipient in reliance upon such assumption. If such Lender or the Borrower, as the case may be, has not in fact made such payment to the Agent, the recipient of such payment shall, on demand by the Agent, repay to the Agent the amount so made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Agent until the date the Agent recovers such amount at a rate per annum equal to (x) in the case of payment by a Lender, the Federal Funds Effective Rate for such day for the first three days and, thereafter, the interest rate applicable to the relevant Loan or (y) in the case of payment by the Borrower, the interest rate applicable to the relevant Loan.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • Non-Receipt of Funds by the Administrative Agent Unless the Borrower or a Lender, as the case may be, notifies the Administrative Agent prior to the date on which it is scheduled to make payment to the Administrative Agent of (i) in the case of a Lender, the proceeds of a Loan or (ii) in the case of the Borrower, a payment of principal, interest or fees to the Administrative Agent for the account of the Lenders, that it does not intend to make such payment, the Administrative Agent may assume that such payment has been made. The Administrative Agent may, but shall not be obligated to, make the amount of such payment available to the intended recipient in reliance upon such assumption. If such Lender or the Borrower, as the case may be, has not in fact made such payment to the Administrative Agent, the recipient of such payment shall, on demand by the Administrative Agent, repay to the Administrative Agent the amount so made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Administrative Agent until the date the Administrative Agent recovers such amount at a rate per annum equal to (x) in the case of payment by a Lender, the Federal Funds Effective Rate for such day for the first three days and, thereafter, the interest rate applicable to the relevant Loan or (y) in the case of payment by the Borrower, the interest rate applicable to the relevant Loan.

  • Distribution of Funds All funds received by the Trust to the extent not encumbered by the Indenture and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting from such encumbrance) will be distributed to the Beneficiary.

  • Advance of Funds by the Seller After origination, no advance of funds has been made by the Seller to the related Mortgagor other than in accordance with the Loan Documents, and, to the Seller’s knowledge, no funds have been received from any person other than the related Mortgagor or an affiliate for, or on account of, payments due on the Mortgage Loan (other than as contemplated by the Loan Documents, such as, by way of example and not in limitation of the foregoing, amounts paid by the tenant(s) into a Mortgagee-controlled lockbox if required or contemplated under the related lease or Loan Documents). Neither the Seller nor any affiliate thereof has any obligation to make any capital contribution to any Mortgagor under a Mortgage Loan, other than contributions made on or prior to the date hereof.

  • Certification of Non-Foreign Status Each Limited Partner or transferee of an Interest or a portion of an Interest from a Limited Partner who or that is admitted to the Partnership in accordance with this Agreement will certify, upon admission to the Partnership and at any other time as the General Partner may request, whether the Limited Partner or transferee is a “United States Person” within the meaning of the Code on forms to be provided by the Partnership, and will notify the Partnership within 30 days of any change in the status of the Limited Partner or transferee. Any Limited Partner or transferee who or that fails to provide certification when requested to do so by the General Partner may be treated as a non-United States Person for purposes of U.S. Federal tax withholding.

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

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