Rent Distribution Sample Clauses

Rent Distribution. Except as otherwise provided in Section 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof and pursuant to Section 18(b) or 18(c) of the Participation Agreement shall be promptly distributed in the following order of priority:
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Rent Distribution. (a) Except as otherwise provided in ----------------- Section 3.3, each payment of Base Rent under the Lease as well as any payment of ----------- interest on overdue installments of Base Rent under the Lease, and any other monies paid over by Lessee or Borrower to Administrative Agent for such purpose, shall be distributed as promptly as possible (it being understood that any payments of Base Rent received by Administrative Agent under the Lease on a timely basis and in accordance with the provisions of the Lease shall be distributed on the date received in the funds so received) in the following order of priority: first, an amount equal to the aggregate amount of the payment of interest ----- (as well as any interest on (to the extent permitted by Applicable Laws) overdue interest) then due shall be distributed and paid to the Lenders; second, an amount equal to the aggregate amount of the payment of principal ------ then due shall be distributed and paid to the Lenders, pro rata among the Lenders, without priority of one such Lender over the other, in the proportion that the unpaid principal amount of the Notes held by each Lender bears to the aggregate unpaid principal amount of the Notes; and third, the balance, if any, of such payment remaining thereafter shall be ----- distributed at Borrower's direction in accordance with Section 3.2(b) of the Trust Agreement. Loan Agreement
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Rent Distribution. Except as otherwise provided in Section 3.3, each payment of Basic Rent under the Lease as well as any payment of interest on overdue installments of Basic Rent under the Lease, and any other monies paid over by Lessee or Borrower to Agent for such purpose, shall be distributed as promptly as possible (it being understood that any payments of Basic Rent received by Agent under the Lease on a timely basis and in accordance with the provisions of the Lease shall be distributed on the date received in the funds so received) in the following order of priority: first, (a) an amount equal to the aggregate amount of the payment of interest (as well as any interest on (to the extent permitted by Applicable Laws and Regulations) overdue interest) then due on the Loans evidenced by the Class A Notes shall be distributed and paid to the Lenders holding Class A Notes pro rata, in proportion that the unpaid principal amount of Loans evidenced by the Class A Notes held by each such Lender bears to the aggregate unpaid balance of the Loans evidenced by the Class A Notes and (b) an amount equal to the aggregate amount of the payment of interest (as well as any interest on (to the extent permitted by Applicable Laws and Regulations) overdue interest) then due on the Loans evidenced by the Class B Notes shall be distributed and paid to the Lenders holding Class B Notes pro rata, in proportion that the unpaid principal amount of Loans evidenced by the Class B Notes held by each such Lender bears to the aggregate unpaid balance of the Loans evidenced by the Class B Notes, in each case, without priority of one Lender or one class over another; second, an amount equal to the aggregate amount of principal then due on the Loans evidenced by the Class A Notes shall be paid and distributed to the Lenders holding Class A Notes pro rata among the Lenders holding Class A Notes, without priority of one such Lender over another, in the proportion that the unpaid principal amount of the Loans evidenced by the Class A Notes held by each such Lender bears to the aggregate unpaid principal amount of the Loans evidenced by the Class A Notes; and third, the balance, if any, of such payment remaining thereafter shall be distributed in accordance with Section 3.2(b) of the Trust Agreement."
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Rent Distribution. Except as otherwise provided in Section 9.3, each payment of Facility Lease Basic Rent under the Facility Lease as well as any payment of interest on overdue installments of Facility Lease Basic Rent under the Facility Lease and any other monies paid over by Lessee, Lessor, or Issuer to Agent for such purpose, shall be distributed as promptly as possible (it being understood that any such payments received by Agent on a timely basis and in accordance with the provisions of the Facility Lease, the MEDCO Note and/or any other Operative Document shall be distributed on the date received in the funds so received) in the following order of priority: first, an amount equal to the aggregate amount (as well as any interest on, to the extent permitted by law, overdue interest) then due under the Credit Facility Documents and the Hedge Documents (if any) shall be distributed and paid to the Credit Facility Providers and the Hedge Counterparty; second, the balance, if any, of such payment remaining thereafter shall be distributed and paid to the Bank or any subsequent holder of the MEDCO Note, to the extent the Bank or any such subsequent holder of the MEDCO Note shall be entitled to such amounts under the MEDCO Note or any other Operative Document.
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Rent Distribution. Except as otherwise provided in Section 3.3 hereof, each payment of Rent as well as any payment of interest on overdue installments of Rent under the Lease, and any other monies paid over by Lessee or Borrower to Agent for such purpose, shall be distributed as promptly as possible (it being understood that any payments of Rent received by or on behalf of Agent under the Lease on a timely basis and in accordance with the provisions of the Lease shall be distributed on the date received in the funds so received) in the following order of priority: first, an amount equal to the aggregate amount of the payment of interest as well as any interest on (to the extent permitted by Applicable Law) overdue interest then due and payable on the Notes shall be distributed and paid to Lenders; and
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Rent Distribution. Except as otherwise provided in Section ----------------- ------- 4.3, each payment of Basic Rent under the Lease, as well as any payment of --- interest on overdue installments of Basic Rent under the Lease, and any other monies paid over by Lessee or Borrower to Agent for such purpose, shall be distributed as promptly as possible (it being understood that any payments of Basic Rent received by Agent under the Lease on a timely basis and in accordance with the provisions of the Lease shall be distributed on the date received in the funds so received) in the following order of priority:
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Rent Distribution. Except as otherwise provided in Section 3.3 and subject to Section 3.5, each payment of Rent, as well as any payment of interest on overdue installments of Rent under the Lease, and any other monies paid over by Lessee or the Borrower (as Borrower, Trustee and/or Lessor) to Administrative Agent for such purpose, shall be distributed as promptly as possible (it being understood that any payments of Rent received by or on behalf of Administrative Agent under the Lease on a timely basis and in accordance with the provisions of the Lease shall be distributed on the date received in the funds so received) in the following order of priority: first, an amount equal to the aggregate amount of the payment of interest, as well as any interest on (to the extent permitted by Applicable Laws) overdue interest, then due and payable on the Notes shall be distributed and paid to the Lenders; and second, an amount equal to the aggregate amount of the payment of principal on the Notes then due and payable shall be distributed and paid to the Lenders.
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Rent Distribution. Except as otherwise provided in Section 3.3 and subject to Section 3.5, each payment of Rent (including, without limitation, any prepaid Rent) as well as any payment of interest on overdue installments of Rent under the Master Lease and related Lease Supplements, and any other monies paid over by any Lessee or the Borrower to the Administrative Agent for such purpose, shall be distributed as promptly as possible (it being understood that any payments of Rent received by or on behalf of the Administrative Agent under the Master Lease and related Lease Supplements on a timely basis and in accordance with the provisions of the Master Lease shall be distributed on the date received in the funds so received) in the following order of priority: first, an amount equal to the aggregate amount of the payment of interest (as well as any interest on (to the extent permitted by Applicable Laws) overdue interest) Loan Agreement then due and payable on the Notes shall be distributed and paid to the Lenders; and second, to the payment of outstanding principal under the Notes.
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Rent Distribution 
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Related to Rent Distribution

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • Final Distribution The liquidator will distribute any assets remaining after the discharge or accommodation of the Company’s debts, obligations and liabilities to the Member.

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Final Distributions Section 8.01. Sale of Receivables or Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement and Section 7.01 or 7.02 of this Supplement.

  • Operating Distributions Subject to Section 5.2, the Company shall from time to time distribute to the Member such amounts in cash and other assets as shall be determined by the Member.

  • Qualified Reservist Distributions If you are a qualified reservist member called to active duty for more than 179 days or an indefinite period, the payments you take from your IRA during the active duty period are not subject to the 10 percent early distribution penalty tax. 10) Qualified birth or adoption. Payments from your IRA for the birth of your child or the adoption of an eligible adoptee will not be subject to the 10 percent early distribution penalty tax if the distribution is taken during the one-year period beginning on the date of birth of your child or the date on which your legal adoption of an eligible adoptee is finalized. An eligible adoptee means any individual (other than your spouse’s child) who has not attained age 18 or is physically or mentally incapable of self-support. The aggregate amount you may take for this reason may not exceed $5,000 for each birth or adoption. You must file IRS Form 5329 along with your income tax return to the IRS to report and remit any additional taxes or to claim a penalty tax exception.

  • Primary Distribution Discount Notes shall be issued and settled through the Fed Book-Entry System in same-day funds and shall be held by designated Fed Participants. After initial issue, all Discount Notes shall continue to be held by such Fed Participants in the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Fed Participants. Discount Notes shall not be exchangeable for definitive Discount Notes.

  • Overtime Distribution The Employer and the Union will discuss Departmental or agency specific overtime distribution policies at the Departmental or agency level. The Employer agrees to follow its existing overtime distribution policies until changed as a result of Employer/Union negotiation.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

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