Payment Direction Letters definition
Examples of Payment Direction Letters in a sentence
Administrative Agent shall have received all documents and confirmations (including Payment Direction Letters) reasonably deemed necessary by Administrative Agent to confirm that the net fundings Available Take-Out from Tax Equity Investors will be paid directly to Borrower from such wholly-owned Excluded Subsidiary to which such Available Take-Out is due.
Agent shall have received evidence of such Payment Direction Letters set forth in the Loan Agenda in order to evidence the intended management of the cash flow of the Borrower and the other Loan Parties.
Borrower hereby represents and warrants that Borrower has delivered or caused to be delivered Credit Card Bank Payment Direction Letters and Credit Card Payment Direction Letters to each of the Credit Card Banks and Credit Card Companies, as applicable.
Administrative Agent shall have received evidence of such T-Two Payment Direction Letters set forth in the Loan Agenda in order to evidence the intended management of the cash flow of T-Two.
With respect to the acquisition of any Individual Property, the Borrower shall also provide to the Agent such Payment Direction Letters and other documents and agreements as may be necessary to effectuate the cash management arrangements set forth in Section 7.15.
Agent shall have received evidence of such T-Two Payment Direction Letters set forth in the Loan Agenda in order to evidence the intended management of the cash flow of T-Two.
Agent shall have received evidence of such NMLP Payment Direction Letters set forth in the Loan Agenda in order to evidence the intended management of the cash flow of NMLP, the NMLP Loan Parties (except the Excepted Loan Parties), and the NMLP Subsidiaries.
Agent shall have received Merchant Payment Direction Letters with respect to each Merchant Payment Processor (other than Telecheck, Inc., it being understood and agreed that the fact that such documentation is not required prior to Closing shall in no way be construed as a waiver of Agent's right to require the delivery of such documentation in the future) with whom any Borrower has entered into a Merchant Payment Agreement.
On the Funding Date, a portion of the Cash Consideration equal to the amount to be paid to the Seller's creditors pursuant to those certain Payment Direction Letters attached hereto as Exhibit 4.5, shall be paid by the Buyer directly to such creditors in order that Seller may discharge its indebtedness to such creditors and transfer the Purchased Contracts free of all Liens.
Upon the occurrence and during the continuance of an Event of Default, Lender is authorized to deliver any or all of the Property Manager Payment Direction Letters and to enforce the same.