Assignment of Reimbursement Rights Sample Clauses

Assignment of Reimbursement Rights. 41 5.28 Certificate of Incorporation, Etc................................................... 41 5.29 CoreComm Transactions............................................................... 42 5.30
Sample 1
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Assignment of Reimbursement Rights. As of the Effective Time, ATX shall assign any right to reimbursement from health and welfare providers to the ATX Stockholders.
Sample 1
Assignment of Reimbursement Rights. Prior to formation of the Improvement District, Developer will incur certain costs to design and engineer the Public Improvements. Such costs ultimately will be reimbursed to Developer pursuant to the ID Agreement or otherwise (the "Reimbursement Payment"). Developer acknowledges that it is currently indebted to City for certain unpaid assessments (plus interest thereon at the rate of 4.1% per annum) against Xxxx 0 xxx 0 xx Xxxxx Xxx Xxxxx for Improvement District 179 (the "ID 179 Assessments"), and desires to authorize City to offset the Reimbursement Payment against the ID 179 Assessments owed by Developer. Developer hereby (a) grants, transfers and assigns to City all of its right, title and interest in and to all payments to be received by Developer pursuant to the ID Agreement, including without limitation the Reimbursement Payment, to secure Developer's obligation for payment of the ID 179 Assessments, together with interest thereon and all other sums payable in respect thereof; and (b) authorizes City to offset the Reimbursement Payment against the ID 179 Assessments owed by Developer without further notice to or authorization from Developer. If for any reason, the Improvement District is not formed within eighteen (18) months after the date this Agreement is executed, or if Developer conveys its interest in the Miravista Property before the ID 179 Assessments owed by Developer are paid in full, Developer and City shall reach a mutually acceptable alternate payment arrangement that provides for immediate commencement of payments to City, and if the Developer and City are unable to agree upon an alternative payment arrangement, City shall be entitled to immediately exercise its right to sell the real property against which the ID 179 Assessments were levied. Further, although the Developer anticipates that the Reimbursement Payment will equal or exceed the amount of the ID 179 Assessments owed by Developer, if the Reimbursement Payment is not sufficient to pay in full the ID 179 Assessments owed by Developer and other amounts payable in respect thereof, then Developer shall pay City the difference in cash within 90 days after City notifies Developer in writing of the amount of any such deficiency, and in the event that Developer fails to remit such amount within said 90 day period, then City shall be entitled to immediately exercise its right to sell the real property against which the ID 179 Assessments were levied. The provisions of this Section 4....
Sample 1

Related to Assignment of Reimbursement Rights

  • Right of Reimbursement Each Revolving Credit Lender agrees to reimburse the Issuing Lender on demand, pro rata in accordance with its respective Revolving Credit Percentage, for (i) the reasonable out-of-pocket costs and expenses of the Issuing Lender to be reimbursed by the Borrower pursuant to any Letter of Credit Agreement or any Letter of Credit, to the extent not reimbursed by the Borrower or any other Credit Party and (ii) any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, fees, reasonable out-of-pocket expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against Issuing Lender in any way relating to or arising out of this Agreement (including Section 3.6(c) hereof), any Letter of Credit, any documentation or any transaction relating thereto, or any Letter of Credit Agreement, to the extent not reimbursed by the Borrower, except to the extent that such liabilities, losses, costs or expenses were incurred by Issuing Lender as a result of Issuing Lender’s gross negligence or willful misconduct or by the Issuing Lender’s wrongful dishonor of any Letter of Credit after the presentation to it by the beneficiary thereunder of a draft or other demand for payment and other documentation strictly complying with the terms and conditions of such Letter of Credit.

  • Indemnification and Reimbursement of Payments on Behalf of Executive The Company, Employer and their respective Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise taxes, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Subsidiaries or Executive’s ownership interest in the Company, including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity. In the event the Company or its Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

  • Reimbursement of Attorneys’ Fees If the Company shall default under any of the provisions hereof and the Issuer or the Trustee shall employ attorneys or incur other reasonable and proper expenses for the collection of payments due hereunder or on any First Mortgage Bonds or for the enforcement of performance or observance of any obligation or agreement on the part of the Company contained herein, the Company will on demand therefor reimburse the Issuer or the Trustee, as the case may be, for the reasonable and proper fees of such attorneys and such other reasonable and proper expenses so incurred.

  • Rights of Reimbursement, Contribution and Subrogation In case any payment is made on account of the Obligations by any Grantor or is received or collected on account of the Obligations from any Grantor or its property:

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