Examples of Payment Letter in a sentence
Our review and observations were performed in accordance with the Matching Order DE-MO01-09CF02002 and the Sponsor Payment Letter dated February 23, 2009 and with generally accepted engineering practice and in accordance with the standards of care practiced by independent and consulting engineers performing similar tasks on like projects.
The Original Agreement and the ESA Payment Letter constituted the complete and exclusive statement of the agreement between the Parties with respect to the subject matter of the Original Agreement as of February 13, 2007, and superseded any and all other prior or contemporaneous oral or written communications, proposals, representations, and agreements, express or implied.
If a Contingent Payment Letter is returned to the Issuing Lender and the obligations of the Issuing Lender thereunder terminated prior to the stated expiry date of such Contingent Payment Letter, or the Face Amount of a Contingent Payment Letter is reduced, the Issuing Lender will refund to the Operating Borrower a pro rata portion of the fee paid to the Issuing Lender in respect of the Contingent Payment Letter.
After the resolution of such a dispute, the Sellers and the Buyers shall, as soon as reasonably practicable, and in any event within 7 days of the resolution of such dispute sign an Escrow Payment Letter instructing the Escrow Agent to pay the Escrow Funds into the Sellers’ or Buyers’ bank account.
Such fees shall be paid by the Operating Borrower to the Issuing Lender in advance of or upon the issue of the applicable Contingent Payment Letter, in Canadian Dollars if the Face Amount of the Contingent Payment Letter is in Canadian Dollars and in US Dollars if the Face Amount of the Contingent Payment Letter is in US Dollars.