PAYMENTS TO ASSET Sample Clauses

PAYMENTS TO ASSET. REPRESENTATIONS REVIEWER 8 Section 4.01 Asset Representations Reviewer Fees. 8 Section 4.02 Reimbursable Expenses. 9 Section 4.03 Dispute Resolution Expenses. 9
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PAYMENTS TO ASSET. Co and netting arrangements Pursuant to the terms of the GRTA, each of NRIPL and NRL will be required to deposit an amount equal to the Noble Rights Receivables (net of any permitted deductions described in “Jamalco Collection Account” below) into the Jamalco Collection Account on the date on which such entity receives those Noble Rights Receivables (the “GRTA Payment Obligations”). Pursuant to the terms of the GRTA, GAJ will also undertake to direct NRIPL to pay all amounts owing to it under the GAJ Offtake Agreement to the Jamalco Collection Account. Deposits into, and withdrawals from, the Jamalco Collection Account will be governed by a Cash Management Agreement. NRIPL (the “Cash Manager”) will operate the Jamalco Collection Account pursuant to the terms of the MSA and the Cash Management Agreement. Payments from the Jamalco Collection Account must be made in accordance with a payment waterfall (see “Jamalco Collection Account” below). The terms of the Cash Management Agreement will be set out in the definitive long form documents to the extent not provided for or described in this term 235 sheet, and will largely be mechanical in nature, ensuring that the Jamalco Collection Account and the Capex Reserve Account operate in accordance with the waterfall and other applicable terms of this term sheet. The Cash Management Agreement will include typical transitional provisions to ensure that if the Cash Manager ceases to be the Manager under the MSA, the role of the Cash Manager can be taken over by Asset Co or an alternative manager nominated by Asset Co in a timely and orderly manner and so that there is no gap in the provision of cash management services. In addition, the Cash Management Agreement will contain a provision on substantially the same terms as the corresponding term in the New Asset Co Bonds Trust Deed that the Issuer, each Subsidiary (where applicable) and each Asset Co Affiliate (each as defined in the New Asset Co Bonds Trust Deed) will, at all times, be party to the Cash Management Agreement and will direct all amounts owing to it to accounts, the operation of which is governed by the terms of the Cash Management Agreement. NRL and NRIPL will also be party to the Cash Management Agreement for as long as they are Legal Title Holders.
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PAYMENTS TO ASSET. Co and netting arrangements Pursuant to the terms of the NPRA, NRIPL must deposit the Noble Plantations Receivables into the Master Collection Account provided that NRIPL may deduct from/set-off against the Noble Plantations Receivables:
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Related to PAYMENTS TO ASSET

  • Payments to Owner Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • Payments to MAC Notes If on the Maturity Date a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Mac on Class M Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only MAC Notes are not entitled to receive payments of principal.

  • Payments to Agent A payment by the Borrower to the Agent hereunder or any of the other Loan Documents for the account of any Bank shall constitute a payment to such Bank. The Agent agrees promptly to distribute to each Bank such Bank's pro rata share of payments received by the Agent for the account of the Banks except as otherwise expressly provided herein or in any of the other Loan Documents.

  • PAYMENTS TO MASTER SERVICER Section 4.01 Remittances. On each Remittance Date, no later than 3:00 p.m. New York City time, the Servicer shall remit on a scheduled/scheduled basis by wire transfer of immediately available funds to the Master Servicer (a) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 3.04), plus (b) all Monthly Advances, if any, which the Servicer or other Advancing Person is obligated to make pursuant to Section 4.03, minus (c) any amounts attributable to Principal Prepayments, Liquidation Proceeds, Insurance Proceeds, Condemnation Proceeds or REO Disposition Proceeds received after the applicable Due Period, which amounts shall be remitted on the following Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 3.03 (iii) and (vii), and minus (d) any amounts attributable to Monthly Payments collected but due on a Due Date or Due Dates subsequent to the first day of the month in which such Remittance Date occurs, which amounts shall be remitted on the Remittance Date next succeeding the Due Date related to such Monthly Payment. With respect to any remittance received by the Master Servicer after the Business Day on which such payment was due, the Servicer shall pay to the Master Servicer interest on any such late payment at an annual rate equal to LIBOR, adjusted as of the date of each change, plus four (4) percentage points, but in no event greater than the maximum amount permitted by applicable law. Such interest shall be deposited in the Custodial Account by the Servicer on the date such late payment is made and shall cover the period commencing with the day following the Remittance Date and ending with the Business Day on which such payment is made, both inclusive. Such interest shall be remitted along with the distribution payable on the next succeeding Remittance Date. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default by the Master Servicer or any applicable Trustee. All remittances required to be made to the Master Servicer shall be made on a scheduled/scheduled basis to the following wire account or to such other account as may be specified by the Master Servicer from time to time: Xxxxx Fargo Bank, National Association Minneapolis, Minnesota ABA# 000000000 Account Name: SAS Clearing 0000000000 For further credit to: Collection Account No. 00000000

  • PAYMENTS TO PURCHASER 52 ARTICLE VI....................................................................54

  • Payments to the Owner Section 4.1

  • Payments to Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

  • Payments to Noteholders On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Section 2.3(a) below in respect of all funds available from Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 2020-1 Notes.

  • Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

  • Loan Payments The Loan and interest thereon shall be payable pursuant to the terms of the Note.

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