Irrevocable Payment Direction definition

Irrevocable Payment Direction means an irrevocable direction delivered to the Monitor and the Participating CCAA Parties by (a) the Parent and the applicable Non-Filed Affiliates respecting (i) the payment of the Non-Filed Affiliate Secured Payments to the applicable Non- Filed Affiliates, (ii) the distribution of the Non-Filed Affiliate Plan Distributions to the applicable Non-Filed Affiliates, (iii) the contribution by the applicable Non-Filed Affiliates of the Non-Filed Affiliate Distribution/Payment Contribution to the CQIM/Quinto Unsecured Creditor Cash Pool, and (iv) the contribution of the Non-Filed Affiliate Distribution Pension Contribution to the Pension Cash Pools by the applicable Non-Filed Affiliates, and (b) the Parent and, as applicable, certain other Non-Filed Affiliates, in respect of its/their Non-Filed Affiliate Cash Contribution to the Pension Cash Pools, in the case of clause (a) and (b) above, each in accordance with the Plan and directly or indirectly through one or more Non-Filed Affiliates and/or Participating CCAA Parties as may be specified in such direction;
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Irrevocable Payment Direction means an irrevocable direction delivered to the Monitor and the Participating CCAA Parties by (a) the Parent and the applicable Non-Filed Affiliates respecting
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Examples of Irrevocable Payment Direction in a sentence

  • In accordance with Section 2.4(c) and the Irrevocable Payment Direction, the Parent, individually, or in connection with certain other Non-Filed Affiliates, shall contribute (or cause to be contributed) Cdn.$9.5 million to the Arnaud Pension Cash Pool and Cdn.$9.5 million to the Wabush Pension Cash Pool.

  • In accordance with the Irrevocable Payment Direction, each Non-Filed Affiliate who receives (i) a Non-Filed Affiliate Secured Payment pursuant to Section 7.1(a), or (ii) a Non-Filed Affiliate Distribution pursuant to Section 7.1(b), shall contribute (or cause to be contributed) all such amounts received (less any amount withheld and remitted under Section 7.3(b)) to the CQIM/Quinto Parties as part of its Non-Filed Affiliate Distribution/Payment Contribution.

  • In accordance with the Irrevocable Payment Direction, each Non-Filed Affiliate who receives (i) a Non-Filed Affiliate Secured Payment pursuant to Section 7.1(a), and/or (ii) a Non-Filed Affiliate Distribution pursuant to Section 7.1(b), shall contribute (or cause to be contributed) all such amounts received (less any amount withheld and remitted under Section 7.3(b)) to the CQIM/Quinto Parties as part of its Non-Filed Affiliate Distribution/Payment Contribution.

  • Given the country’s harsh climate demand for the electricity power significantly varies during the year from 10 GW in the summer to 27 GW in winter.

  • Class action treatment is a superior method for the fair and efficient adjudication of this controversy, in that, among other things, such treatment will permit a large number of similarly situated persons to prosecute their common claims in a single forum simultaneously, efficiently, and without the unnecessary duplication of evidence, effort, and expense that numerous individual actions would engender.

  • Section 11.3(g) - the Monitor and the Participating CCAA Parties shall have received the Irrevocable Payment Direction at least three (3) Business Days prior to the Meetings.

Related to Irrevocable Payment Direction

  • Release Request has the meaning set forth in Section 2.1.

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

  • Payment Election means an election pursuant to Section 5.1.

  • Presidential Primary Election means the election established in Chapter 9, Part

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • Reasonable payment means, with respect to professional and other technical services, a payment in an amount that is consistent with the amount normally paid for such services in the private sector.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Primary election means any regular primary election held under the election

  • Request for Payment means a payment application or declaration of expenditure submitted by the Member State to the Commission;

  • Release Notice has the meaning specified in Section 11.19(b).

  • Local election means a regular county election, a regular municipal election, a

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Regular general election means the election held throughout the state on the first

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Request for Advance means a Request for Revolving Credit Advance or a Request for Swing Line Advance, as the context may indicate or otherwise require.

  • Request for Tender means the Request for Tender given to prospective tenderers inviting offers to tender for the supply of the Services of which these General Conditions of Contract form part.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Payment Instructions has the meaning set forth in Section 5.2(a) of the Loan Agreement.

  • Notice Inviting Tender means the notice issued by a SNDB through publication in the newspapers or through electronic means for the purpose of inviting bids, or applications for pre-qualifications, or expression of interests, which may include Tender Notice, Invitation for Bids, Notice for Pre- qualifications or Request for Expression of Interests;

  • Notice of Election means the one or more notices of election (in such form as the Manager may approve) which the Manager will, at its discretion, send to each Unitholder and through which each Unitholder may indicate whether they wish to participate in the Distribution Reinvestment Plan.

  • Request for Release A release signed by a Servicing Officer, in the form of Exhibit E attached hereto.

  • Election Date has the meaning specified in Section 3.12(h).

  • General election means an election held in the Commonwealth on the Tuesday after the first

  • LCA Election has the meaning specified in Section 1.09(a).