Payments to KTI Sample Clauses

Payments to KTI. Notwithstanding any terms or provisions set forth in the KTI Loan Documents, Oakhurst may make payments of interest and principal under the terms of the KTI Loan Documents; provided, however, such payments of principal and interest shall only be made (i) from the proceeds of dividends received from OTI, (ii) from the proceeds of the sale or disposition of the KTI Collateral and (iii) from the proceeds of Oakhurst's cash flow or other assets, including, without limitation, FINOVA Collateral; provided, that (A) Oakhurst has received FINOVA's prior written consent, which shall not be unreasonably withheld, (B) no such payment shall be made from the proceeds of Oakhurst's cash flow or other assets, including, without limitation, FINOVA Collateral prior to March 28, 1999 and (C) no Event of Default (as defined in the FINOVA Loan Agreement), or event which with notice or the passage of time would constitute an Event of Default, exists or has occurred and is continuing. Oakhurst and KTI agree (and KTI acknowledges such agreement) that Oakhurst shall in no event: (i) make any payments to KTI in respect of the KTI Debt except as provided in this Section 3(b) or (ii) without FINOVA's prior written consent, execute or deliver any negotiable instruments as evidence of the KTI Debt.
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Related to Payments to KTI

  • 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 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 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 PURCHASER 52 ARTICLE VI....................................................................54

  • Payments to Recipients The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any period in which its Qualified Holdings do not equal or exceed, at the end of such period, the minimum amount (“Minimum Qualified Holdings”), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the FINRA Rules. The Distributor may make Plan payments to any “affiliated person” (as defined in the 0000 Xxx) of the Distributor if such affiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient.

  • Payments to the Owner Section 4.1

  • Payments to the Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, the Company shall have no right or power to direct the Trustee to return to the 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 Holders No payment shall be made with respect to the principal of, or premium, if any, or interest on the Securities (including, but not limited to, the redemption price with respect to the Securities to be called for redemption in accordance with Article III as provided in the Indenture), except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 12.5, if:

  • Payments to Finance Parties If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from an Obligor other than in accordance with Clause 29 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:

  • 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.

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