Administration Account. A prerequisite for renting a deposit box is an account in the bank, from which the bank is entitled to debit the rent and all related fees and other possible charges. The lessee is responsible for ensuring that the account contains sufficient funds for debiting the above fees and charges. If the account does not have sufficient cover on the payment day, the bank sends a separate invoice regarding the payment and adds an additional fee stated in its price list in the invoice for sending the payment. If the lessee closes the account, he or she shall indicate a new account at the same time.
Administration Account. The Trustee shall deposit to the Administration Account amounts of funds transferred or deposited to effect the payment of the Rebate Analyst’s Fee and to the Trustee and the Issuer, the Additional Charges of the Trustee and the Issuer, as applicable, which have not been paid pursuant to Section 4.3 of the Loan Agreement Deposit of Funds with Paying Agent.
Administration Account. Bank: The Bank of Nova Scotia - New York Agency ABA: Account: Ref: Xxxxx Corning ANNEX A to Amended and Restated Receivables Purchase Agreement FORM OF INFORMATION PACKAGE [On file with the Administrator] ANNEX B to Amended and Restated Receivables Purchase Agreement FORM OF PURCHASE NOTICE , [201 ] The Bank of Nova Scotia 00 Xxxx Xxxxxx Xxxx 00xx Xxxxx Xxxxxxx, XX Xxxxxx X0X0X0 [Each other Purchaser Agent] Ladies and Gentlemen: Reference is hereby made to the Amended and Receivables Purchase Agreement, dated as of December 16, 2011 (as amended, restated, supplemented or otherwise modified, the “Receivables Purchase Agreement”), among Xxxxx Corning Receivables LLC, (“Seller”), Xxxxx Corning Sales, LLC, as Servicer, the various Conduit Purchasers, Related Committed Purchasers, XX Xxxxx and Purchaser Agents from time to time parties thereto, and The Bank of Nova Scotia, as administrator (in such capacity, the “Administrator”). Capitalized terms used in this Purchase Notice and not otherwise defined herein shall have the meanings assigned thereto in the Receivables Purchase Agreement. [This letter constitutes a Purchase Notice pursuant to Section 1.2(a) of the Receivables Purchase Agreement. Seller desires to sell an undivided percentage interest in a pool of receivables on , [201 ], for a purchase price of $ 1 (of which $ will be funded by the Liberty Street Purchaser Group and $ will be funded by the Market Street Purchaser Group). Such allocation among Purchaser Groups has been calculated in accordance with Section 1.1(a) of the Receivables Purchase Agreement. Subsequent to this Purchase, the Aggregate Capital will be $ .]2 [This letter constitutes a notice pursuant to Section 1.12(a) of the Receivables Purchase Agreement. Seller desires that [ ], as an LC Bank issue a Letter of Credit with a face 1 Such amount, which shall not be less than $2,500,000 (or such lesser amount as agreed to by the Administrator and each Purchaser Agent) and shall be in integral multiples of $250,000 in excess thereof. 2 In the case of a Cash Purchase Request. Annex B-1 amount of $ . Subsequent to this purchase, the Aggregate LC Participation Amount will be $ and the Aggregate Capital will be $ .]3 Seller hereby represents and warrants as of the date hereof, and as of the date of such Purchase, as follows:
Administration Account. The Trustee shall deposit to the Administration Account moneys transferred from the Revenue Fund as provided in Section 5.3 hereof. Moneys in the Administration Account shall be used to pay the Rebate Analyst’s Fee and Issuer Administration Fee when due. Notwithstanding anything contained herein to the contrary, moneys on deposit in the Subordinated Bond Interest Account, the Subordinated Bond Principal Account and the Subordinated Bond Redemption or Purchase Account created herein shall be transferred to accounts created for Bonds other than Subordinated Bonds if funds are insufficient to make payments with respect to Bonds other than Subordinated Bonds as provided herein and disbursements shall only be made from such accounts upon satisfaction of all conditions set forth in Section 2.13 hereof.
