Payment Direction Letter definition

Payment Direction Letter means that certain letter agreement dated as of the Effective Date regarding “Payment Direction Instruction Regarding Inventory Sale Agreement” by and among PBFH, MSCG and Xxxx.

Payment Direction Letter means one or more payment direction letters from each Excluded Subsidiary that is wholly-owned, directly or indirectly, by Borrower, which confirms that certain proceeds of Available Take-Out from Tax Equity Investors, certain cash flows from Host Customer Agreements and certain proceeds from Backlever Financing, System Refinancing and Solar Bonds Financing (all as more specifically described therein) received by such Excluded Subsidiary will be distributed directly to Borrower.

Payment Direction Letter means that certain Flow of Funds and Payment Direction Letter, dated as of the date hereof, among the Company, the Portfolio Manager and the Administrative Agent.

Examples of Payment Direction Letter in a sentence

• In the case of each of the foregoing payment obligations under this Section 3.6, the Parties agree to use commercially reasonable efforts to coordinate the respective timing of payments made pursuant to the Payment Direction Letter.

• Borrower and Operating Lessee acknowledge that, pursuant to that certain Payment Direction Letter, dated as of December 14, 2018, Administrative Agent has directed AURA, in accordance with the Incentive Agreement, to deposit all Base Rebates and other proceeds payable to Borrower under the Incentive Agreement into the Borrower’s Depository Account.

• Under the terms of a Payment Direction Letter, the Company assumed all liabilities of the Operating Companies to pay the total consideration of £180.9m partly to the Administrators (£7.9m) and partly to the former Johnston Press Group Noteholders (£173.0m).

• If such amount is owed to Aron then DCRC and PBFH may, at their election, direct that all or a portion of such amount be paid by MSCG to Aron on DCRC’s and PBFH’s behalf and Aron agrees to accept such payment in accordance with the Payment Direction Letter.

• If the Lenders are required to make an Advance to the Company as provided in Section 2.03, then each Lender shall make such Advance on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the Collateral Agent for deposit to the Collection Account; provided that the Company hereby directs the Lenders to pay the proceeds of the initial Advance hereunder in accordance with the directions set forth in the Payment Direction Letter.

More Definitions of Payment Direction Letter

Payment Direction Letter shall have the meaning given that term in Section 7 hereof.

Payment Direction Letter means one or more payment direction letters from Borrower or each Excluded Subsidiary that is wholly-owned, directly or indirectly, by Borrower, which confirms that certain proceeds of Available Take-Out from Tax Equity Investors, certain cash flows from Host Customer Agreements , certain proceeds from Backlever Financing, System Refinancing and Solar Bonds Financing and advances from Solar Loan Financings (all as more specifically described therein), in each case, received by Borrower or such Excluded Subsidiary, as applicable, will be distributed directly to a Borrower account which is subject to a Qualifying Control Agreement.”

Payment Direction Letter has the meaning set forth in Section 7.19(d).

Payment Direction Letter means the payment direction letter between the Borrower, TOO and the Facility Agent. Party means a party to this Agreement.

Payment Direction Letter means that certain letter agreement dated as of the Effective Date regarding “Payment Direction Instruction Regarding Inventory Sale Agreement” by and among PBFH, MSCG and Aron.

Payment Direction Letter means an irrevocable written notice in a form substantially similar to Exhibit A attached hereto.

Payment Direction Letter means one or more payment direction letters from Borrower or each Excluded Subsidiary that is wholly-owned, directly or indirectly, by Borrower, which confirms that certain proceeds of Available Take-Out from Tax Equity Investors, certain cash flows from Host Customer Agreements, certain proceeds from Backlever Financing, System Refinancing and Solar Bonds Financing and advances from Solar Loan Financings (all as more specifically described therein), in each case, received by Borrower or such Excluded Subsidiary, as applicable, will be distributed directly to a Borrower account which is subject to a Qualifying Control Agreement.”