Amounts Due Under Designated Contracts Sample Clauses

Amounts Due Under Designated Contracts. From and after the Closing, the Purchaser shall be obligated to pay all amounts for services rendered and goods provided under the Designated Contracts in accordance with the terms and conditions of all such Designated Contracts. Any amounts for services rendered, and goods provided under the Designated Contracts during the period until the Closing Date shall not be a Liability of Purchaser (unless to the extent included in the Assumed Liabilities to be assumed by Purchaser).
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Amounts Due Under Designated Contracts. Purchaser shall be obligated to pay all amounts for services rendered by a third party under the Designated Contracts from and after the Closing in accordance with the terms and conditions of all such Designated Contracts. Any amounts for services rendered by a third party under the Designated Contracts during the period until the Closing shall not be a Liability of Parent or Purchaser (unless included in the Assumed Reserved Liabilities to be assumed by Purchaser) and shall be a retained liability of Sellers' in an amount determined by the Mariner Bankruptcy Courts to the extent not included as an Assumed Reserved Liability.
Sample 1
Amounts Due Under Designated Contracts. Purchaser shall be obligated to pay all amounts for services rendered by a third party under the Designated Contracts from and after the Closing in accordance with the terms and conditions of all such Designated Contracts. Any amounts for services rendered by a third party under the Designated Contracts during the period until the Closing shall not be a Liability of GHV or Purchaser (unless included in (i) the Assumed Reserved Liabilities to be assumed by Purchaser or (ii) the Cure Costs specifically required to be paid by Purchaser pursuant to Section 2.4(a)) and shall be a retained liability of Sellers' in an amount determined by the Mariner Bankruptcy Courts to the extent not included as an Assumed Reserved Liability.
Sample 1
Amounts Due Under Designated Contracts. From and after the Contribution Closing (in the case of Newco) and the Closing (in the case of the Canadian Purchaser), Newco or the Canadian Purchaser, as the case may be, shall be obligated to pay all amounts for services rendered and goods provided, in each case, from and after the applicable Closing, under the applicable Designated Contracts in accordance with the terms and conditions of all such Designated Contracts. Any amounts for services rendered, and goods provided under the Designated Contracts during the period until the Contribution Date (in the case of Newco) and the Closing Date (in the case of the Canadian Purchaser) shall not be a Liability of Newco or the Canadian Purchaser, as the case may be, (unless such amounts are specifically included in the Assumed Liabilities and taken into account in calculating the Adjusted Closing Net Current Assets).
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Related to Amounts Due Under Designated Contracts

  • Application of Payments and Collections All items of payment received by Agent by 12:00 noon, Chicago, Illinois, time, on any Business Day shall be deemed received on that Business Day. All items of payment received after 12:00 noon, Chicago, Illinois, time, on any Business Day shall be deemed received on the following Business Day. Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by Agent from or on behalf of Borrower, and Borrower does hereby irrevocably agree that Agent shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Agent or its agent against the Obligations, in such manner as Agent may deem advisable, notwithstanding any entry by Agent or any Lender upon any of its books and records. Amounts received by the Agent shall be for further credit to the accounts of Lenders pursuant to the settlement procedures contained in subsection 3.1.3 of this Agreement. Notwithstanding the foregoing, payments and collections shall not be applied to Obligations consisting of Derivative Obligations or Product Obligations at any time that any other Obligations are then due and payable. If as the result of collections of Accounts as authorized by subsection 6.2.4 hereof or otherwise, a credit balance exists in the Loan Account, such credit balance shall not accrue interest in favor of Borrower, but shall be disbursed to Borrower or otherwise at Borrower's direction in the manner set forth in subsection 3.1.2, upon Borrower's request at any time, so long as no Default or Event of Default then exists. Agent may at its option, offset such credit balance against any of the Obligations upon and during the continuance of an Event of Default.

  • Allocation of Payments After Event of Default Notwithstanding any other provisions of this Credit Agreement, after the occurrence and during the continuance of an Event of Default with respect to any Borrower, all amounts collected from such Borrower or received by the Administrative Agent or any Lender on account of amounts outstanding under any of the Credit Documents shall be paid over or delivered as follows: FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable outside attorneys’ fees other than the fees of in-house counsel) of the Administrative Agent or any of the Lenders in connection with enforcing the rights of the Lenders under the Credit Documents against such Borrower and any protective advances made by the Administrative Agent or any of the Lenders, pro rata as set forth below; SECOND, to payment of any fees owed to the Administrative Agent or any Lender by such Borrower, pro rata as set forth below; THIRD, to the payment of all accrued interest payable to the Lenders by such Borrower hereunder, pro rata as set forth below; FOURTH, to the payment of the outstanding principal amount of the Loans or Letters of Credit outstanding of such Borrower, pro rata as set forth below; FIFTH, to all other obligations which shall have become due and payable of such Borrower under the Credit Documents and not repaid pursuant to clauses “FIRST” through “FOURTH” above; and SIXTH, the payment of the surplus, if any, to whoever may be lawfully entitled to receive such surplus. In carrying out the foregoing, (a) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category and (b) each of the Lenders shall receive an amount equal to its pro rata share (based on each Lender’s Commitment Percentages) of amounts available to be applied.

  • Performance and Compliance with Contracts and Credit and Collection Policy The Seller shall (and shall cause the Servicer to), at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and timely and fully comply in all material respects with the applicable Credit and Collection Policies with regard to each Receivable and the related Contract.

  • Contracts and Commitments; No Default (a) Except as set forth in the Company Disclosure Schedule, the Company is not a party to, nor are any of the Assets bound by, any written or oral:

  • Scheduled Contracts Except as set forth in Section 4.15 of the Company Disclosure Letter (each item listed or required to be listed in such Company Disclosure Letter being referred to herein as a “Scheduled Contract”), as of the date hereof, neither Company nor Company Sub is a party or otherwise subject to:

  • Application of Commitment Reductions; Payment of Fees The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

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