Release of Earnings Sample Clauses

Release of Earnings. On the first day of each month during which there shall be any Escrowed Funds in escrow hereunder, or at such other time or times as the Company may in writing direct, the Escrow Agent shall release that portion of the Escrowed Funds which represent interest or other earnings on any portion of the Escrowed Funds, to the Company. Such release shall be effected by the deposit of such interest or other earnings to the Company's transaction account maintained at Capital Bank. N.A.,
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Release of Earnings. Any amounts standing to the credit of the Operating Account shall be available to the Borrower to meet the operating expenses of each Ship and for any other purpose permitted by this Agreement Provided that no Event of Default or Potential Event of Default has occurred.
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Release of Earnings. You, your spouse, heirs, administrators, executors and representatives, hereby release all rights, present and future, to receive in any form other than payments from the designated Company, the amount to be applied as designated in Section 5.
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Release of Earnings. We will release the earnings we do not keep and send them to GA at the end of each calendar month for delivery to you. If you do not receive your earnings from GA, promptly notify us at our home office. We will pay you directly unless we find GA has good reason for not paying you.
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Release of Earnings. On the first day of each month during which there shall be any Escrowed Funds in escrow hereunder, or at such other time or times as the Company may in writing direct, the Escrow Agent shall release that portion of the Escrowed Funds which represent interest or other earnings on any portion of the Escrowed Funds, to the Company. Such release shall be effected by the deposit of such interest or other earnings to the Company's transaction account maintained at EagleBank, Bethesda, Maryland, or to such other account as the Company may from time to time direct.
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Release of Earnings. We will release those earnings of yours we do not keep and send them to you at the end of each calendar month.
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Release of Earnings. Until the occurrence of an Event of Default or a Potential Event of Default the Borrower shall be entitled to transfer amounts standing to the credit of the Earnings Account to the Retention Account for application against payment of principal, interest or any other any sums falling due from the Borrower to the Agent under this Agreement.
Sample 1
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Release of Earnings. On the first day of each month during which there shall be any Escrowed Funds in escrow hereunder, or at such other time or times as the Company may in writing direct, the Escrow Agent shall release that portion of the Escrowed Funds which represent interest or other earnings on any portion of the Escrowed Funds, to the Company. Such release shall be effected by the deposit of such interest or other earnings to the Company's transaction account maintained at Indian River National Bank, or to such other account as the Company may from time to time direct.
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Release of Earnings. All dividends and interest income earned on the Escrow Amount shall be released in accordance with Section 11 hereof.
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Related to Release of Earnings

  • Payment of Earnings The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

  • Sharing of Earnings The Borrower shall procure that no Owner shall:

  • Application of Earnings The Borrower undertakes with the Lenders to procure that money from time to time credited to, or for the time being standing to the credit of, an Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred (whereupon the provisions of Clause 17.1 shall be and become applicable), be available for application in the following manner:

  • Availability of Earnings Statements The Company shall make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) full calendar month following the calendar quarter in which the most recent effective date occurs in accordance with Rule 158 of the Rules and Regulations, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months ended commencing after the effective date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

  • Apportionment of Earnings and Profits and Tax Attributes (a) Tax Attributes arising in a Pre-Distribution Period will be allocated to (and the benefits and burdens of such Tax Attributes will inure to) the members of the Parent Group and the members of the SpinCo Group in accordance with the Code, Treasury regulations and any other Applicable Tax Law, and, in the absence of controlling legal authority or unless otherwise provided under this Agreement, Tax Attributes shall be allocated to the legal entity that created such Tax Attributes.

  • Payment of Salary Executive acknowledges and represents that the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Executive.

  • Death Subsequent to Commencement of Benefit Payments In the event the Executive dies while receiving payments, but prior to receiving all payments due and owing hereunder, the Employer shall pay the Beneficiary the same amounts at the same times as the Employer would have paid the Executive, had the Executive survived.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

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