Payment of Proceeds. Borrower shall forthwith upon receipt of all proceeds of Collateral, pay such proceeds (insurance or otherwise) over to Lender for application against the Obligations in such order and manner as Lender may elect.
Payment of Proceeds. All insurance policies required hereunder (except for general public liability, professional liability and workers' compensation and employers liability insurance) shall provide that in the event of loss, injury or damage, subject to the rights of any Fee Mortgagee, all proceeds shall be paid to the Lessor alone (rather than jointly to the Lessee and the Lessor). The Lessor is hereby authorized to adjust and compromise any such loss with the consent of the Lessee or, following any Lease Default, whether or not cured, without the consent of the Lessee, and to collect and receive such proceeds in the name of the Lessor and the Lessee, and the Lessee appoints the Lessor (or any agent designated by the Lessor) as the Lessee's attorney-in-fact with full power of substitution, to endorse the Lessee's name upon any check in payment thereof. Subject to the provisions of Article 13, such insurance proceeds shall be applied first toward reimbursement of all costs and expenses reasonably incurred by the Lessor in collecting said insurance proceeds, then toward payment of the Lease Obligations or any portion thereof, then due and payable, in such order as the Lessor determines, and then in whole or in part toward restoration, repair or reconstruction of the Leased Property for which such insurance proceeds shall have been paid.
Payment of Proceeds. In the event that, for its convenience, Beneficiary should elect with respect to particular properties or contracts not to exercise immediately its right to receive Hydrocarbons or proceeds, then the purchasers or other persons obligated to make such payment shall continue to make payment to Grantor until such time as written demand has been made upon them by Beneficiary or Trustee that payment be made directly to Beneficiary. Such failure to notify shall not in any way waive the right of Beneficiary to receive any payments not theretofore paid out to Grantor before the giving of written notice. In this regard, in the event payments are made directly to Beneficiary, and then, at the request of Beneficiary payments are, for a period of time, paid to Grantor, Beneficiary shall nevertheless have the right, effective upon written notice, to require that future payments be again made to Beneficiary.
Payment of Proceeds. All insurance policies required hereunder (except for general public liability, professional liability and workers' compensation and employers liability insurance) shall provide that in the event of loss, injury or damage, all proceeds shall be paid to the Lender alone (rather than jointly to the Borrower and the Lender). The Lender is hereby authorized to adjust and compromise any such loss with the consent of the Borrower or, following any Event of Default, whether or not cured, without the consent of the Borrower, and to collect and receive such proceeds in the name of the Lender and the Borrower, and the Borrower appoints the Lender (or any agent designated by the Lender) as the Borrower's attorney-in-fact with full power of substitution, to endorse the Borrower's name upon any check in payment thereof. Subject to the provisions of Section 8.3 hereof, such insurance proceeds shall be applied first toward reimbursement of all costs and expenses reasonably incurred by the Lender in collecting said insurance proceeds, then toward payment of the Loan Obligations or any portion thereof, then due and payable, in such order as the Lender determines, and then in whole or in part toward restoration, repair or reconstruction of the Mortgaged Property for which such insurance proceeds shall have been paid. In the event the Lender shall apply such proceeds towards the repayment of the Loan Obligations, provided that no Loan Default then exists, no Prepayment Fee shall be due in connection therewith.
Payment of Proceeds. Once a Binding Obligation is created between you and Buyer, RB Group will generate a third‐party invoice that is issued to Buyer on your behalf. Where VAT is applicable, once a Binding Obligation is created between you and Buyer, then upon instruction of RB Group, you shall either: (a) raise a VAT compliant invoice directed to RB Group in which case Seller is making a deemed supply of goods to RB Group for VAT purposes; or (b) raise a VAT compliant invoice directed to the Buyer which invoice shall be made available to RB Group prior to delivery to the Buyer. Buyer is responsible for paying you the purchase price for the Equipment upon creation of a Binding Obligation, and you hereby instruct RB Group to facilitate receipt of the purchase price. Further, you hereby xxxxx XX Group the right, in its own name, to enforce your right to payment. You agree that no monies shall be payable to you until paid by the Buyer. Once received by RB Group, any monies due to you, net of any commissions and fees due RB Group as detailed in this Agreement, shall be disbursed within 21 days after creation of a Binding Obligation and , where applicable, receipt of a VAT compliant invoice. You hereby consent to RB Group's right to offset any other commissions and fees specified in this Agreement or that result from additional services requested by you, with any remainder to be paid within 21 days following receipt of an invoice. You acknowledge that Buyers may fail to perform or pay on a timely basis and that RB Group shall not have any liability to you for any act or omission of Buyers.
Payment of Proceeds. Subject to the terms of this Agreement, each Bank (or, as the case may be, Swingline Bank) will make its Advance available to the Agent (or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent) for the Borrower for value on the relevant Utilisation Date.
Payment of Proceeds. Subject to the terms of this Agreement, each Lender (or, as the case may be, Swingline Lender) shall make its participation in an Advance available to the Agent (or, in the case of a participation in a Swingline Advance, the U.S. Swingline Agent) for the Borrower concerned for value on the relevant Drawdown Date.
Payment of Proceeds. Subject to the terms of this Agreement, the Funding 1 Liquidity Facility Provider shall make each Funding 1 Liquidity Facility Loan available for Funding 1 on the relevant Funding 1 Liquidity Facility Drawdown Date and shall remit each Funding 1 Liquidity Facility Loan to Funding 1 by noon on the relevant Funding 1 Liquidity Facility Drawdown Date or, if LIBOR is determined otherwise than in accordance with PARAGRAPH (A) of its definition, by 2.00 p.m. on the relevant Funding 1
Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in a Loan available to the Facility Agent for the Company on the relevant Drawdown Date.
Payment of Proceeds. The stock certificates that the Participating Stockholders deliver to the Selling Major Stockholder pursuant to Section 6.2 shall be transferred by the Selling Major Stockholder to the acquirer in consummation of the sale of the Sale Shares pursuant to the terms and conditions specified in the Sale Notice, and the Selling Major Stockholder shall promptly thereafter remit to the Participating Stockholders that portion of the sale proceeds to which such Participating Stockholder is entitled by reason of its participation in such sale.
