Net Wire definition

Net Wire. Any wire transfer by Buyer to Title Insurer, Seller, Third-Party Transferor or other appropriate party designated by Seller and Buyer for purposes of funding all or a portion of the acquisition of the Properties hereunder. Net Wire Date: The date of any Net Wire.

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Net Wire. To (From) $_____________ [Name of Borrower] _____________________ Authorized Signature 43 EXHIBIT B REVOLVING DEMAND NOTE [DATE] FOR VALUE RECEIVED, [NAME OF BORROWER] (the "Borrower"), hereby promises to pay to the order of DEUTSCHE BANK AG, NEW YORK BRANCH (the "Bank"), in lawful money of the United States of America in immediately available funds, at the office of Deutsche Bank AG, New York Branch, located at 31 W▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇ the earlier of any date on which the Bank demands repayment and Expiry Date (capitalized terms used herein and not otherwise defined shall have the meaning in the Agreement referred to below), the principal sum of _________________ ($_____________) or, if less, the then unpaid principal amount of the Loan made to the Borrower evidenced by this Note and outstanding on such date. The Borrower promises also to pay interest on the unpaid principal amount of this Note in like money at such office from the date hereof until paid at the rates and at the times provided in Section 1.05 of the Agreement. This Note is one of the Notes referred to in the Credit Agreement dated as of May 22, 1996 among the Borrowers listed therein and the Bank (as amended, modified and supplemented from time to time, the "Agreement"), and is entitled to the benefits thereof. In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Agreement. The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this Note. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. [NAME OF BORROWER] By_________________________ Name: Title: 44 GRID Unpaid Principal Principal Amount Paid or Amount Notation Date of Loan Prepaid of Note Made by ---- ------- --------- --------- -------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- -------------------------------------------------------------------------...

Net Wire. Any wire transfer by Buyer to Title Insurer, Seller, or other appropriate party designated by Seller and Buyer for purposes of funding all or a portion of the acquisition of the Property hereunder.

Examples of Net Wire in a sentence

• If the Closing shall occur, such accrued interest on such Net Wire amount at the Lease Rate through, but excluding the Commencement Date of the Lease with respect to the Properties shall be treated as an Additional Charge (as defined in the Lease) under the Lease and shall be paid with the first rent payment by Seller or its Affiliate(s), as Lessee, under the Lease.

• If the Closing shall not occur, interest at the Lease Rate shall continue to accrue on such Net Wire amount until such Net Wire amount together with all accrued interest at the Lease Rate is paid over to Buyer, which shall occur upon demand.

• If the Closing does not occur, then such Net Wire amount, together with all such accrued interest earned on such account shall be paid to Buyer, and Seller shall pay to Buyer on demand the shortfall, if any, between the amount of such accrued interest earned on such account and the interest which has deemed to have accrued as herein provided on such Net Wire amount computed at the Lease Rate.

• The parties shall instruct Title Insurer or other applicable party to invest such Net Wire amount into an interest-bearing account as directed by Seller until the Closing.

• If any Net Wire Date precedes the Closing Date due to Buyer’s wire transfer of funds initiated by Buyer at the request of Seller or any Affiliate of Seller, the Net Wire amount shall accrue interest at the Lease Rate from and after, and including, the Net Wire Date.

• Agency and Broker-Dealer will decide which method it will employ for variable annuity sales - Check with Application; Net Wire; Net Wire through clearing broker; Gross Sweep; or Gross ACH through clearing broker.

• If the Closing shall not occur, interest at the Applicable Rate shall continue to accrue on the Net Wire amount until the Net Wire amount together with all accrued interest at the Applicable Rate is paid to Buyer, which shall occur upon demand.

• If the Closing shall occur, such accrued interest on such Net Wire amount at the Applicable Rate through, but excluding the Commencement Date of the New Separated Lease with respect to the Properties shall be treated as an Additional Charge under the New Separated Lease and shall be paid with the first rent payment by SC Operator and Fort Austin Operator, as lessee, under the New Separated Lease.

• Except as provided by the special Net Wire Procedures referred to in this section, all money due to SAGE shall be forwarded without any deduction or offset for any reason, including by example, and not by limitation, any deduction or offset for Compensation claimed by You or any Producer with Your Firm.

• If, at the written request of Seller, the Net Wire Date precedes the Closing Date, the Net Wire amount shall accrue interest at Nine and One Half Percent (9.5%) (the "Applicable Rate") from and after, and including, the Net Wire Date.