Funding Agreement Payments definition

Funding Agreement Payments means the City’s payments made to the Issuer (or to the Trustee, on behalf of the Issuer) pursuant to this Funding Agreement in an amount equal to 39.3% of the City’s Hotel Motel Tax collections.
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Examples of Funding Agreement Payments in a sentence

  • The Funding Agreement Payments shall be paid directly to the Trustee for the account of the Issuer and will be deposited in the Revenue Fund established under the Indenture.

  • The obligations of the City to make the full amount of Funding Agreement Payments and to perform and observe the other agreements on its part contained herein shall be absolute and unconditional.

  • Subject to the terms and conditions set forth below in Section 4.7, the City hereby covenants to make Funding Agreement Payments for (i) the payment of the principal of, redemption premium (if any) and interest on the Bonds, (ii) the payment of amounts necessary to restore any and all funds established under the Indenture to their required levels, and (iii) any excess amounts to the GWCCA Custodian.

  • TCRIC acknowledges that Funding Agreement Payments are intended to provide amounts that will be sufficient to pay Debt Service on the Bonds as the same becomes due plus the Administrative Fee due to the Issuer.

  • The Issuer shall provide TCRIC with a revised schedule of Funding Agreement Payments reflecting any optional redemption or defeasance of Bonds by TCRIC.

  • Any Funding Agreement Payments required by Section 3.1 that are overdue shall bear interest from the related Bond Payment Date until paid at the Post Default Rate for overdue Debt Service payments specified in the Indenture.

  • Subject to the terms and conditions set forth below in Section 4.7, the City hereby covenants to pay or cause to be paid Funding Agreement Payments to the Issuer for its (i) the payment of the principal of, redemption premium (if any) and interest on the Bonds, (ii) the payment of amounts necessary to restore any and all funds established under the Indenture to their required levels, and (iii) any excess amounts to the GWCCA Custodian.

  • Upon the redemption of Bonds pursuant to any optional redemption, the Funding Agreement shall be deemed prepaid in the amount equal to the principal amount of the Bonds redeemed and the Issuer shall provide TCRIC a revised Funding Agreement Payments schedule in substitution for Exhibit 3.1(b).

  • TCRIC's obligation to make Funding Agreement Payments and the other payments required by this Funding Agreement and to perform and observe the other agreements and covenants on its part herein contained shall be absolute and unconditional, irrespective of any rights of set off, recoupment or counterclaim it might otherwise have against the Issuer or the Trustee; provided, TCRIC's payment obligation is limited to the source of payment pledged therefor herein.

  • The Funding Agreement Payments schedule in Exhibit 3.1(b) reflect any scheduled mandatory redemptions of Bonds.

Related to Funding Agreement Payments

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Funding Agreements means all or any of the agreements or instruments to be entered into by a Project Service Provider or any of their Associates relating to the financing of its business of providing services pursuant to the terms of any Project Agreements, excluding always the Project Agreements themselves;

  • Payment Agreement means a written agreement which provides

  • Funding Agreement means the agreement made under section 1 of the Academies Act 2010 between the Academy Trust and the Secretary of State to establish the Academy;

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Intercompany Advance Agreement The Intercompany Advance Agreement, dated as September 11, 2009, between Ally Bank and Ally Auto, as amended, supplemented or modified from time to time.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Project Funding Agreement means an agreement in the form of Schedule F that incorporates the terms of this Agreement and enables the LHIN to provide one-time or short term funding for a specific project or service that is not already described in Schedule A;

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Repayment Agreement means an agreement

  • Tax Receivable Agreement means the Tax Receivable Agreement, dated on or about the date hereof, among the Managing Member and the Holdings Unitholders (as defined in the Exchange Agreement) from time to time party thereto, as it may be amended or supplemented from time to time.

  • Tax Receivable Agreements means this Agreement, the Investors Tax Receivable Agreement (Exchanges) and the Management Tax Receivable Agreement.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Master Funding Agreement means the Master Funding Agreement entered into by the Company and the Secretary of State on 31st October 2013;

  • Sale and Contribution Agreement means the Sale and Contribution Agreement, dated as of the Closing Date, among the Servicer, the Transferor and the Borrower, as such agreement may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Distribution Agreements means (i) any and all agreements entered into by a Credit Party, pursuant to which such Credit Party has sold, leased, licensed or assigned distribution rights or other exploitation rights to any Item of Product to an un-Affiliated Person, and (ii) any and all agreements hereafter entered into by a Credit Party pursuant to which such Credit Party sells, leases, licenses or assigns distribution rights or other exploitation rights to an Item of Product to an un-Affiliated Person.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Contribution Agreements has the meaning set forth in the Recitals.