Payments and Disbursements Sample Clauses

Payments and Disbursements. All payments to be made pursuant to this Escrow Agreement shall be paid by cash, or check made payable to the Escrow Agent and delivered or mailed to it at the address as provided on the other side of this Escrow Agreement. The Escrow Agent's computation or application of the payments shall be deemed correct, unless the Escrow Agent receives notice from either party that the calculation or application is not correct, within 90 days from the date on which notice of such calculation or application was sent to the parties. Escrow Agent shall not be liable for the collection of any item. Following payment of escrow fees and any deposit into a reserve account, if applicable, the balance of the payments received shall be disbursed as provided on the first page of this Escrow Agreement. The Escrow Agent is not responsible to credit any payment or disburse any monies, until the proceeds of the same in cash or cash equivalent has been received. In the event Escrow Agent disburses funds which are later found to be uncollectible, the party receiving such funds shall be responsible to repay such funds to the Escrow Agent, within 5 days following written notice from the Escrow Agent. The Escrow Agent shall have the right to charge back or retain monies as provided by law in the event of any returned item. The Escrow Agent shall not be liable for interest on any money deposited or held in escrow. Escrow Agent has no duty to notify any party that a payment has not been made or that a late charge or other penalty is owing. If the Escrow Agent is disbursing any part of the payments made under this Escrow Agreement in payment of any other debt or obligation, the parties shall promptly notify the Escrow Agent of any changes in the amount to be disbursed in payment of such debt or obligation.
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Payments and Disbursements. (a) All payments by Borrowers shall be made in United States dollars in immediately available funds not later than 10:00 A.M. Virginia time at such office of Bank as it may direct.
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Payments and Disbursements to Be Handled through the Escrow. The various charges, credits and prorations contemplated by this Agreement will be handled by Escrow Agent through the Escrow by appropriate charges and credits to Buyer and Seller. All amounts payable pursuant to this Agreement will be paid to Escrow Agent for disposition through the Escrow. Escrow Agent is authorized to make all disbursements to the parties and to third parties contemplated by this Agreement from funds deposited for those purposes, as necessary or appropriate to close this transaction.
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Payments and Disbursements. At the Effective Time, Purchaser shall make the following disbursements:
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Payments and Disbursements. In connection with payments and disbursements made from the Fund for any purpose, State Street shall be responsible for issuing checks or drafts to such parties and for such amounts as the Plan Administrator, through the Recordkeeper, shall instruct. State Street shall be fully protected in making such payments pursuant to such instructions from time to time and shall be charged with no responsibility whatsoever respecting the purposes or propriety of such payments or the application of such monies.
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Payments and Disbursements 
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Related to Payments and Disbursements

  • Costs and Disbursements (a) Except as otherwise provided in this Agreement, a Recipient of Services shall pay to the Provider of such Services a monthly fee for the Services (or category of Services, as applicable) (each fee constituting a “Service Charge” and, collectively, “Service Charges”) as listed on the Schedules hereto.

  • Accounts and Disbursements The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only:

  • Attorneys' Fees and Disbursements If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party or parties shall be entitled to receive from the other party or parties reasonable attorneys’ fees and disbursements in addition to any other relief to which the prevailing party or parties may be entitled.

  • Additional Advances and Disbursements; Costs of Enforcement If any Event of Default exists, Mortgagee and each of the Lenders shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor in accordance with the Credit Agreement. All sums advanced and expenses incurred at any time by Mortgagee or any Lender under this Section, or otherwise under this Mortgage or any of the other Credit Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred if not repaid within five (5) days after demand therefor, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage. Mortgagor shall pay all expenses (including reasonable attorneys’ fees and expenses) of or incidental to the perfection and enforcement of this Mortgage and the other Credit Documents, or the enforcement, compromise or settlement of the Indebtedness or any claim under this Mortgage and the other Credit Documents, and for the curing thereof, or for defending or asserting the rights and claims of Mortgagee or the Lenders in respect thereof, by litigation or otherwise.

  • Disbursements and Payments Each disbursement by the Bank and each payment by the Borrower will be:

  • Payments and Distributions (a) On or immediately after the fifteenth the day of each month, the Trustee shall satisfy itself as to the adequacy of the Reserve Account, making any further credits thereto as may appear appropriate in accordance with Section 3.05 and shall then with respect to each Trust:

  • Deposit and Disbursement Accounts Disclosure Schedule (3.19) lists all banks and other financial institutions at which any Credit Party maintains deposit or other accounts as of the Closing Date, including any Disbursement Accounts, and such Schedule correctly identifies the name, address and telephone number of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • Disbursements Payments and Costs 5.1 Request for Credit. Each request for an advance under the Line of Credit will be made by a disbursement request in a form acceptable to Bank executed by an Authorized Officer, or by any other means acceptable to Bank.

  • Deemed Disbursements Upon the occurrence and during the continuation of any Default under Section 8.1.9 or upon notification by the Administrative Agent (acting at the direction of the Required Lenders) to the Borrower of its obligations under this Section, following the occurrence and during the continuation of any other Event of Default,

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