Accommodation Payments Clause Samples
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Accommodation Payments. The full cost of this tenancy is {Accommodation Fee}. The tenancy is a fixed term starting on {Tenancy Start Date} and ending on {Tenancy End Date}, and full payment for the duration of the tenancy will be due even if you move in after {Tenancy Start Date} or leave before {Tenancy End Date}. Payment terms for this accommodation are either: The total amount (show amount) paid in full by 26 September 2022, or In three instalments as follows: • Instalment 1: (show amount) payable by 26 September 2022 (40% of total fee) • Instalment 2: (show amount) payable by 16 January 2023 (30% of total fee) • Instalment 3: (show amount) payable by 24 April 2023 (30% of total fee) Instructions on how to make payment are available on the University’s website. You are not to make any deductions from any of these payments. If payment is not made by the dates shown, you will be referred to the Credit Control team. If you fail to make payment the University reserves the right to require you to leave your accommodation.
Accommodation Payments. If any draft shall be presented for payment under any Specified Accommodation, the Specified Issuing Lender shall promptly notify the Specified Borrower and the Specified Agent of the date and amount thereof. The responsibility of the Specified Issuing Lender to the Specified Borrower in connection with any draft presented for payment under any Specified Accommodation shall, in addition to any payment obligation expressly provided for in such Specified Accommodation, be limited to determining that the documents (including each draft) delivered under such Specified Accommodation in connection with such presentment are in conformity with such Specified Accommodation.
Accommodation Payments. The Companies are obligated to repay the Obligations as joint and several obligors under this Financing Agreement. To the extent that any Company shall, under this Agreement as a joint and several obligor, repay any of the Obligations made to another Company hereunder or other Obligations incurred directly and primarily by any other Company (an “Accommodation Payment”), then the Company making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Companies in an amount, for each of such other Companies, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Company’s “Allocable Amount” (as defined below) and the denominator of which is the sum of the Allocable Amounts of all of the Companies. As of any date of determination, the “Allocable Amount” of each Company shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Company hereunder without (a) rendering such Company “insolvent” within the meaning of Section 101 (31) of the Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (ii) leaving such Company with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA, or (iii) leaving such Company unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA. All rights and claims of contribution, indemnification and reimbursement hereunder shall be subordinate in right of payment to the prior payment in full of the Obligations.
Accommodation Payments. The remaining items in the Main Details are for completion for Residents who are paying an Accommodation Payment – Bond, Periodic Payment or Charge. If the Resident is to be a Fully Supported Resident and pay no Accommodation Payment, please note this here: The Resident is a Fully Supported Resident Yes No If yes, please go to signatory page (page 11). (Note: Partially supported Residents remain subject to partial Accommodation Payments.)
Accommodation Payments