Monetary Claim definition
Examples of Monetary Claim in a sentence
Other than the matters specified in this Section, management and application of the funds deposited with the Revenue Collection Account shall be in accordance with the Monetary Claim Trust Agreement.
For purposes of clarification, the then-balance of the Studios Monetary Claim will not be included in the ratio while the Settlement Amount has not been fully paid.
Other than the matters specified in this Section, management and application of the funds deposited with the Loan Repayment Account shall be in accordance with the Monetary Claim Trust Agreement.
The Grantor shall not grant in favour of any third person, other than Desjardins and the Hypothecary Representative, a movable hypothec with delivery on a Monetary Claim pursuant to Articles 2713.1 and following of the Civil Code of Québec.
Other than the matters specified in this Section, management and application of the funds deposited with the Operating Account shall be in accordance with the Monetary Claim Trust Agreement.
The Borrower shall, from the Completion of Construction Date of the Project, open and maintain accounts (collectively, “Revenue Management Account”) in the name of the Monetary Claim Trustee with the Facility Agent in order to manage the deposit and withdrawal of the Borrower’s all business expenses and operating expenses..
The Borrower shall open and maintain an account (“Interest Deposit Account”) in the name of the Monetary Claim Trustee with the Facility Agent in order to deposit, maintain and pay the Interest Deposit.
Invoice Date Consignment Note (Certificate of Work Performed, Services Rendered) No. Consignment Note (Certificate of Work Performed, Services Rendered) Date Amount of the assigned Monetary Claim, rub.
Subject to Section 2.5, the Grantor agrees to perform any act and execute any documentation, and to cause any Depository Institution to execute such other documents and to perform such other acts as may be necessary or appropriate in order to confer to the Hypothecary Representative the “control” of any Monetary Claim of the Grantor within the meaning of Articles 2713.1 to 2713.8 of the Civil Code of Québec.
For payment from the Operating Account, the Borrower shall provide the Facility Agent with the request for payment in the form of the Form B with the consent of the Builder and the evidences for payment once a month in principle and the Monetary Claim Trustee shall make payments from the Operating Account with the consent of the Facility Agent.