Payment to Lender. In the event Tenant receives written notice (the “Rent Payment Notice”) from Lender or from a receiver for the Landlord’s Premises that there has been a default under the Security Instrument and that rentals due under the Lease are to be paid to Lender or to the receiver (whether pursuant to the terms of the Security Instrument or of that certain Assignment of Rents and Leases executed by Landlord as additional security for the Loan), Tenant shall pay to Lender or to the receiver, or shall pay in accordance with the directions of Lender or of the receiver, all Rent and other monies due or to become due to Landlord under the Lease, notwithstanding any contrary instruction, direction or assertion of Former Landlord. Landlord hereby expressly and irrevocably directs and authorizes Tenant to comply with any Rent Payment Notice, notwithstanding any contrary instruction, direction or assertion of Landlord, and Landlord hereby releases and discharges Tenant of and from any liability to Landlord on account of any such payments. The delivery by Lender or the receiver to Tenant of a Rent Payment Notice, or Tenant’s compliance therewith, shall not be deemed to: (i) cause Lender to succeed to or to assume any obligations or responsibilities as landlord under the Lease, all of which shall continue to be performed and discharged solely by the applicable Landlord unless and until any attornment has occurred pursuant to this Agreement; or (ii) relieve the applicable Former Landlord of any obligations under the Lease. Tenant shall be entitled to rely on any Rent Payment Notice. Tenant shall be under no duty to controvert or challenge any Rent Payment Notice. Tenant’s compliance with a Rent Payment Notice shall not be deemed to violate the Lease. Tenant shall be entitled to full credit under the Lease for any Rent paid to Lender pursuant to a Rent Payment Notice to the same extent as if such Rent were paid directly to Former Landlord.
Payment to Lender. The Payment, any Progress Payment, any Termination Payment, and all other sums that become payable by the Province to the Contractor under the DBFO Agreement shall be paid only:
Payment to Lender. All sums payable to Lender under the Loan shall be paid directly to Lender in United States Dollars and immediately available funds. If Lender shall send to Borrower statements of amounts due hereunder, such statements shall be considered correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days of its receipt of any statement which it deems to be incorrect. Alternatively, at its sole discretion, Lender may charge against any deposit account of Borrower all or any part of any amount due hereunder.
Payment to Lender. All payments to be made to the Lender by the Borrower hereunder will be made by direct deposit payments by way of electronic funds transfer to an account in a bank in Canada designated by the Lender, unless directed otherwise by the Lender.
Payment to Lender. If, pursuant to this Section, a Town Body acquires the portion of the Project Site comprised of the Mixed-Use Parcel, then all amounts paid by the Town Bodies shall be applied first to amounts overdue and owing to the Project Lender, and the Town Bodies may elect to pay such amounts directly to Project Lender.
Payment to Lender. All sums payable to Lender hereunder shall be paid directly to Lender in United States Dollars and immediately available funds at the place payment is due. If Lender shall send to Cavalier Acceptance statements of amounts due hereunder, such statements shall be considered correct and conclusively binding on Cavalier Acceptance unless Cavalier Acceptance notifies Lender to the contrary within thirty (30) days of its receipt of any statement which it deems to be incorrect. Alternatively, at its sole discretion, Lender may charge against any deposit account of Cavalier Acceptance all or any part of any amount due hereunder.
Payment to Lender. All sums payable to Lender shall be paid ---------------- directly to Lender in immediately available funds. Lender shall send Borrower monthly statements of all amounts due, which statements shall be considered correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within sixty (60) days of its receipt of any statement that it deems to be incorrect.
Payment to Lender. 9 2.7 Use of Proceeds .................................. 9 2.8 [Intentionally Omitted]........................... 9
Payment to Lender. (a) The Borrower shall pay to the Lender the Principal Amount of and any accrued and unpaid interest on the Note in full on January [ ], 2027 (the “Interest Rate Reset Date”); provided however, if on the Interest Rate Reset Date the following statements shall be true and correct and the Lender shall have received a certificate incorporating by reference the definitions of the capitalized terms defined in this Agreement, signed by the Director and dated the Interest Rate Reset Date, stating that (i) the representations and warranties 3 NTD: Do we want to just attach a form of the AG’s opinion? of the Borrower contained herein and in each of the other Related Documents are true and correct on and as of the Interest Rate Reset Date as though made on and as of such date, (ii) no Default or Event of Default has occurred and is continuing as of the Interest Rate Reset Date, and (iii) no Event of Non-Allocation has occurred, commencing on the Interest Rate Reset Date, the Note shall bear interest at the Bank Rate and be subject to amortization as set forth in Section 3.01(b) below.
Payment to Lender. If “we” pay the lender for a loss and deny payment to “you”, “we” are subrogated, up to the amount “we” paid for the loss, to the rights of the lender to collect on the debt from “you”. Subrogation will not impair the right of the lender to collect the rest of the debt from “you”. At “our” option, “we” may pay the lender the remaining amount due plus the accrued interest. In this event, “we” shall receive a full assignment of the lender’s interest and any instruments given as security for the debt.
