Payments to the Trust Sample Clauses

Payments to the Trust. Payments to the Trust shall be made by the District or other authorized entity in accordance with the ProComp Agreement and other written agreements and rules of the Trustees. The District shall pay to the Trust the mill levy proceeds owed to the Trust on the day that the District receives such mill levy proceeds.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Payments to the Trust. In consideration of Executive's agreement to continue employment with the Company, the Company hereby agrees to accelerate the payment of all amounts owed to Executive by the Company pursuant to that certain Contract for Release in Event of Sale dated as of January 1, 1997 by and between the Company and Executive. Notwithstanding the terms of such agreement, the Company shall pay to the Trust, on behalf of Executive, a portion of the Share (as defined therein) equal to the Purchase Price immediately upon the execution of the election attached as Annex C hereto. The Company shall pay the remainder of the Share (net of any withholding obligations) to Executive immediately upon the execution of such election (the aggregate amount paid on the date hereof to the Trust and Executive (prior to withholding) with respect to the Share is referred to as the "Estimated Share Amount"). The amounts paid to the Trust on behalf of Executive pursuant to such election are for the sole benefit of the Trust, and Executive has no right or ability to receive such amounts except as provided in the Trust's constituent documents. Executive and the Company acknowledge and agree that the final determination of the amount of the Share is contingent upon the final determination by the Company of the Company's Stockholders Equity as of December 31, 1998, as reflected on the Company's audited financial statements. If the amount of the Share as finally determined (based on the final determination of 12/31/98 Stockholders Equity) is less than the Estimated Share Amount, Executive shall promptly pay to the Company an amount of cash equal to such shortfall. If the amount of the Share as finally determined (based on the final determination of 12/31/98 Stockholders Equity) is greater than the Estimated Share Amount, the Company shall promptly pay to Executive an amount of cash equal to such excess, net of any withholding obligations.
Sample 1Sample 2Sample 3See All (4)
Payments to the Trust. Each Group Company may at any time with the consent of the Company make contributions or loans to the Trust Fund and the Trustees shall keep a separate account in relation to the total amount of contributions or loans made by each Group Company. A Group Company may make contributions so as to benefit Beneficiaries who are its employees or former employees or their Relatives and the Company may make contributions so as to benefit all or any of the Beneficiaries. Any loans must be agreed to by the Trustees.
Sample 1Sample 2Sample 3
Payments to the Trust i. Kai-Zen Trust Payments. The Trustee is authorized, and authorized to delegate this authorization, to obtain loans through the Kai-Zen Trust subject to the terms and conditions of the Kai-Zen Trust to fund premium payments on Insurance Policies.
Sample 1
Payments to the Trust. Employer will submit payment in full to the designated trust administrator by the tenth (10th) of every month. This deadline may change at the discretion of the designated trust administrator; however, such a change would require sixty (60) days' notice.
Sample 1
Payments to the Trust. Until further notice by the Trustee, all payments to the Trust shall be made by wire transfer in immediately available funds to The Bank of New York, for the account of Telefonica del Peru Collection Account, ABA #021000018, GLA #111-565, for further credit to: A/C 356365 or to such xxxxx xxcount as the Trustee shall designate in writing.
Sample 1
Payments to the Trust 
Sample 1
AutoNDA by SimpleDocs

Related to Payments to the Trust

  • 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 the Owner Section 4.1

  • Payments to the Owner Trustee Any amounts paid to the Owner Trustee pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

  • Payments to Owner Trustee Any amounts paid to the Owner Trustee pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

  • 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.

  • Reports to the Trust The Adviser shall prepare and furnish to the Trust such reports, statistical data and other information in such form and at such intervals as the Trust may reasonably request.

  • 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 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

  • Amendments to the Trust Agreement (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.