Payments under Contracts Sample Clauses

Payments under Contracts. All amounts due and payable under the Contracts through the date of Closing shall be paid by Seller. All payments due and payable under the Contracts during the period of time from and after the date of Closing shall be paid by Purchaser. For purposes of the foregoing sentences, all payments due and payable under the Contracts shall be determined by prorating the amount of the Contract over the term of the Contract or the period to which such payment applies. So, for example, if a Contract has a term of thirty days with a payment of $300 to be paid on the first day of the term of the Contract, then the $300 payment shall be treated as if it is due and payable at $10/day over the term of the Contract. Seller shall receive a credit for the portion of any prepaid amount under a Contract which is attributable to the period of time after the date of Closing. All deposits under any of the Contracts shall be retained by Seller as its exclusive property or Seller may elect to assign such deposits to Purchaser and receive a credit for such amounts at Closing.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Payments under Contracts. Contracts under this section will be subject to this part to the extent provided for in the contract and will be governed by federal acquisition law and regulation. Contracts for payment under this section will provide for payment either:
Sample 1Sample 2
Payments under Contracts. ..12 Section 6.4 Direction to Account Debtors; Actions Taken Upon Event of Default.......................................12 Section 6.5 CE Generation Remains Liable Under Contracts................13 Section 6.6 Cure of Default Under Contracts.............................13 Section 6.7 Remedies....................................................13
Sample 1
Payments under Contracts. (a) If CE Generation shall receive directly from any party to any of the Contracts any payments under any of the Contracts, CE Generation shall receive such payments in a constructive trust in the name of the Collateral Agent for the benefit of the Secured Parties, shall segregate such payments from CE Generation's other funds and shall forthwith transmit and deliver such payments to the Collateral Agent in the same form as so received (with any necessary endorsement).
Sample 1
Payments under Contracts. (a) The SSI Parties hereby agree to be bound by any collection, compromise, forgiveness, extension or other action taken by WT pursuant to the terms of this Agreement with respect to the Contracts.
Sample 1
Payments under Contracts. 35 Article VII.
Sample 1
Payments under Contracts. Borrower will cause all payments under all Federal Contracts, State Contracts and other contracts and agreements pursuant to which Borrower and any Guarantor will receive any payment or remuneration to be made directly by the obligor to a Blocked Account. To the extent that payments under any Federal Contract, State Contract or other contract or agreement pursuant to which Borrower and any Guarantor will receive any payment or remuneration has not been effectively assigned and/or directed to be made to a Blocked Account as of the Closing Date including, but not limited to the Contracts listed on Schedule 5.19, Borrower shall promptly following the Closing Date give appropriate and legally effective notices of assignment and irrevocable directions to each such obligor directing all such payments to be made to a Blocked Account. Borrower hereby covenants to give similar notices and directions to the obligor on each new Federal Contract, State Contract and other contracts and agreements pursuant to which Borrower and any Guarantor will receive any payment or remuneration entered into on or after the Closing Date to be made to a Blocked Account. Borrower agrees that neither it nor any Guarantor will change any such direction, without the consent of the Required Lenders, so long as any Loan or other Obligation shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.
Sample 1
AutoNDA by SimpleDocs
Payments under Contracts. Seller and Purchaser agree that in the event either party receives a payment under any Contract relating to the Terminal Assets, which payment should have been made to the other party, the party receiving such payment shall immediately forward such payment to the other party.
Sample 1
Payments under Contracts. All costs, expenses and liabilities payable on or prior to the date hereof under the terms of any Contracts and agreements to which the Company or any of its subsidiaries and affiliates is directly or indirectly bound have been properly and timely paid, except for such expenses that are being currently paid prior to delinquency in the ordinary course of business.
Sample 1

Related to Payments under Contracts

  • Payments Under Loan Documents The Borrower shall fail to pay any principal of any Loan (including scheduled installments, mandatory prepayments or the payment due at maturity), Reimbursement Obligation or Letter of Credit Borrowing or shall fail to pay any interest on any Loan, Reimbursement Obligation or Letter of Credit Borrowing or any other amount owing hereunder or under the other Loan Documents after such principal, interest or other amount becomes due in accordance with the terms hereof or thereof;

  • Consents Under Agreements The Company shall have obtained the consent or approval of each Person whose consent or approval shall be required under any material Contract to which the Company or any of its Subsidiaries is a party that has not been provided to Parent on or prior to the date hereof, except those for which the failure to obtain such consent or approval, individually or in the aggregate, is not reasonably expected to have a Company Material Adverse Effect (taking into account any provision in any such material Contract which allows the counterparty thereto to terminate such material Contract without cause).

  • Contractual Obligations and Similar Investments From time to time, the Fund's Investments may include Investments that are not ownership interests as may be represented by certificate (whether registered or bearer), by entry in a Securities Depository or by Book-Entry Agent, registrar or similar agent for recording ownership interests in the relevant Investment. If the Fund shall at any time acquire such Investments, including without limitation deposit obligations, loan participations, repurchase agreements and derivative arrangements, the Custodian shall (a) receive and retain, to the extent the same are provided to the Custodian, confirmations or other documents evidencing the arrangement; and (b) perform on the Fund's account in accordance with the terms of the applicable arrangement, but only to the extent directed to do so by Instruction. The Custodian shall have no responsibility for agreements running to the Fund as to which it is not a party other than to retain, to the extent the same are provided to the Custodian, documents or copies of documents evidencing the arrangement and, in accordance with Instruction, to include such arrangements in reports made to the Fund.

  • Payments under this Agreement In the event that one party (the “Owing Party”) is required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then such payments shall be made according to this Section 7.05.

  • Restricted Payments; Certain Payments of Indebtedness (a) The Borrower will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except:

  • TRANSFERS, SPLIT-UPS, AND COMBINATIONS OF RECEIPTS The transfer of this Receipt is registrable on the books of the Depositary at its Corporate Trust Office by the Owner hereof in person or by a duly authorized attorney, upon surrender of this Receipt properly endorsed for transfer or accompanied by proper instruments of transfer and funds sufficient to pay any applicable transfer taxes and the expenses of the Depositary and upon compliance with such regulations, if any, as the Depositary may establish for such purpose. This Receipt may be split into other such Receipts, or may be combined with other such Receipts into one Receipt, evidencing the same aggregate number of American Depositary Shares as the Receipt or Receipts surrendered. As a condition precedent to the execution and delivery, registration of transfer, split-up, combination, or surrender of any Receipt or withdrawal of any Deposited Securities, the Depositary, the Custodian, or Registrar may require payment from the depositor of Shares or the presenter of the Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees as provided in this Receipt, may require the production of proof satisfactory to it as to the identity and genuineness of any signature and may also require compliance with any regulations the Depositary may establish consistent with the provisions of the Deposit Agreement or this Receipt. The delivery of Receipts against deposits of Shares generally or against deposits of particular Shares may be suspended, or the transfer of Receipts in particular instances may be refused, or the registration of transfer of outstanding Receipts generally may be suspended, during any period when the transfer books of the Depositary are closed, or if any such action is deemed necessary or advisable by the Depositary or the Company at any time or from time to time because of any requirement of law or of any government or governmental body or commission, or under any provision of the Deposit Agreement or this Receipt, or for any other reason, subject to Article (22) hereof. Without limitation of the foregoing, the Depositary shall not knowingly accept for deposit under the Deposit Agreement any Shares required to be registered under the provisions of the Securities Act, unless a registration statement is in effect as to such Shares.

  • Performance and Compliance with Receivables and Contracts At its expense, timely and fully perform and comply with all material provisions, covenants and other promises, if any, required to be observed by the Issuer under the Contracts related to the Receivables.

Time is Money Join Law Insider Premium to draft better contracts faster.