Payment Source. Capital Securities payable solely from payments made on 8% Adjustable Rate Junior Subordinated Deferrable Interest Debentures of Southern States (ranking senior to Southern States' preferred stock, common stock and all patrons' equities; subordinated to Senior Debt - virtually all of the Company's indebtedness is Senior Debt). The Junior Subordinated Debentures will have a thirty (30) year maturity. The interest rate payable on the Junior Subordinated Debentures will be adjustable in the same manner described in paragraph 5 below for the Capital Securities.
Payment Source. Any payments made to or for the account of any of the Finance Parties under any of the Senior Finance Documents (whether of principal, interest or any other sum due) by an Obligor have been or will be made from a lawful payment source in accordance with the laws of the relevant jurisdiction;
Payment Source. It is the intent of the parties that the Management Fee hereunder due shall be payable from revenues generated by the Hotel. However, it is acknowledged by the parties that in order to meet the requirements of Rev. Proc. 2017-13 and Section 1.2 hereof, should there be insufficient revenues to make a Management Fee payment when due, such payment
Payment Source. The Installment Payments are payable: (i) first, from the Increment, which has been pledged by FRC to the payment of the Installment Payments; and
Payment Source. All payments made by Sachse under this Agreement must be made from current revenues available to Sachse.
Payment Source. The total amount paid to the contractor will be subject to IRS 1099 or 1042-S (if nonresident alien) reporting guidelines, unless receipts are submitted for travel expenses or meals are paid based on the employee per diem rates. Payment(s) will be made upon receipt of independent contractor invoice. FUND AGCY ORGN OBJT SOBJ BACC DESCRIPTION Include last four digits of PCard, if applicable AMOUNT Due to Contractor AMOUNT Prepaid by Dept. Disposition of check(s) Total Due to Contractor: Total Prepaid by Department: Total Expenses: Mail as addressed Encumbrance & Invoice(s) Pick up at Controller’s Office– attach a written justification if the department to pick up Other: Encumber amounts listed above (Note: Invoice(s) must be submitted) Pay without invoice Note: Any agreements with a total cost of at least $25,000.00 may be subject to bidding requirements. If the total payment on this contract is at least $25,000.00 or if the aggregated total payment to a given contractor is $25,000.00 or more, the contracting department needs to provide substantiation for the single source in addition to this independent contractor agreement. The information, as with all purchase contracts, is public information and subject to review by auditors and the public. The Sole Source Justification form is available at: xxxx://xxx.xxxxx.xxx/controller/ . Authorized Account Signature Date Department Contact Name Phone Number E-mail Address
Payment Source. For payments required under this Agreement, the City shall make payments to Artist solely from funds of the Airport System Fund and from no other fund or source. The City has no obligation to make payments from any other source.
Payment Source. For payments required under this Agreement, the City shall make payments to Contractor solely from funds of the City and County of Denver Airport System Fund and from no other fund or source. The City has no obligation to make payments from any other source.
Payment Source. All amounts owing to the Buyer Indemnified Parties pursuant to this Article VII shall be first paid through distributions from the then remaining balance of the Escrow Fund (if any) in accordance with this Agreement and the Escrow Agreement and second, following the earlier of the termination or exhaustion of the Escrow Fund, paid by Seller.
