Authorized Payment. All sums payable for loss and damage arising out of the casualties covered by the property insurance policies shall be payable:
(i) Directly to Developer, if the total recovery is equal to or less than $1001,000,000 (as adjusted for inflation over the Term pursuant to Section 13.21 hereof), except that if a Developer Event of Default has occurred and is continuing hereunder, such proceeds, subject to the requirements of the Lender and/or Indenture Trustee, shall be paid over to the City who shall apply the proceeds first to the curing of Event of Default and then to the rebuilding, replacing and repairing of the Leased Property.shall be paid over to the Insurance Trustee and disbursed in accordance with Section 9.9(a)(ii). Any remaining proceeds shall be paid over to Developer subject to its obligations to the Lender or the Indenture Trustee; and
(ii) To the Insurance Trustee, if the total recovery is in excess of $1001,000,000 (as adjusted for inflation over the Term), pursuant to Section 13.21 hereof) or is less than $1,000,000 but a Developer Event of Default has occurred and is continuing hereunder, to be held by the Insurance Trustee pending establishment of reconstruction, repair or replacement costs and shall be disbursed to Developer pursuant to the provisions of subparagraph (b) of this Section 9.9. If, at the time such proceeds become payable, there is a Leasehold Mortgage on the Leased Property, the Lender having the highest lien priority shall serve as the Insurance Trustee, but if there is no Leasehold Mortgage at that time, or if the Lender refuses to serve as Insurance Trustee, the Insurance Trustee shall be such commercial bank or trust company as shall be designated by Developer and approved by the City, which approval shall not be unreasonably withheld or delayed (the “Insurance Trustee”).
Authorized Payment. All sums payable for loss and damage arising out of the casualties covered by the property insurance policies shall be payable directly to SAMP, subject to its obligations to the Lender, unless the cost of the Reconstruction Work (as defined below) exceeds fifty percent (50%) of the Certified Cost of Lessee Improvements (as adjusted for inflation over the Term pursuant to Section 3.21) in which case $1,000,000 shall be held in escrow by the Insurance Trustee pending (i) SAMP's completion of the Restoration Work in accordance with Section 9.l0(a) or (ii) SAMP's clearing of the Leased Property in accordance with Section 9.10(b), at which time such amount shall be paid to SAMP. If at the time any such proceeds become payable there is a Leasehold Mortgage, the Lender having the highest lien priority shall serve as the Insurance Trustee, but if there is no Leasehold Mortgage at that time, or if the Lender refuses to serve as Insurance Trustee, the Insurance Trustee shall be such commercial bank or trust company as shall be designated by SAMP and approved by the City Manager, which approval shall not be unreasonably withheld or delayed (the "Insurance Trustee").
Authorized Payment. 1. Party A shall provide the business contract signed between Party A and its trading partners and other required documents to Party B; Party A shall make sure such trading contract and other documents are genuine and valid and the amount and authorization in Party A’s payment application shall be consistent with the information agreed in the aforesaid business contracts.
2. Party A hereby unconditionally and irrevocably authorizes Party B to make the payment according to the following details: 1 Wenzhou Zhongdian Xingxin Smart Technology Co., Ltd. Bank of Shanghai Co., Ltd., Wenzhou Branch 03303997757 ________ fYuan ☒
Authorized Payment. All sums payable for loss and damage arising out of the casualties covered by the property insurance policies shall be payable:
(i) Directly to Developer, if the total recovery is equal to or less than $1,000,000 (as adjusted for inflation over the Term pursuant to Section
(ii) To the Insurance Trustee, if the total recovery is in excess of $1,000,000 (as adjusted for inflation over the Term pursuant to Section 13.21 hereof) or is less than $1,000,000 but a Developer Event of Default has occurred and is continuing hereunder, to be held by the Insurance Trustee pending establishment of reconstruction, repair or replacement costs and shall be disbursed to Developer pursuant to the provisions of subparagraph (b) of this Section 9.9. If, at the time such proceeds become payable, there is a Leasehold Mortgage on the Leased Property, the Lender having the highest lien priority shall serve as the Insurance Trustee, but if there is no Leasehold Mortgage at that time, or if the Lender refuses to serve as Insurance Trustee, the Insurance Trustee shall be such commercial bank or trust company as shall be designated by Developer and approved by the City, which approval shall not be unreasonably withheld or delayed (the “Insurance Trustee”).
Authorized Payment. Client expressly authorizes Bell to charge Client’s credit card or other pre- authorized payment vehicle the amount of any charges due under Client’s account if (a) Client has requested pre- authorized payment via credit card or other pre-authorized payment vehicle, (b) such charges are outstanding or (c) the Services are terminated for a Device. This will constitute Xxxx'x sufficient authority for doing so. Client promises that the credit card for which Client has provided information to Bell is in Client’s name, is valid and has not expired. Client promises to promptly advise Bell if Client’s credit card information changes due to its loss, theft, cancellation or expiry.
Authorized Payment. Do Not Pay ** highlighted. Note that the deduction will be made on the “Date Due” of each month.
Authorized Payment. If I want to stop any
Authorized Payment. If any of the following loan fund payment occurs, the “lender-authorized payment” shall apply:
Authorized Payment. If required by the Lender such preauthorized payment documentation necessary to authorize the Lender to debit directly from the Borrower's account amounts due under the Commitment and Loan.
Authorized Payment. Client expressly authorizes Bell to charge Client’s credit card or other pre- authorized payment vehicle the amount of any charges due under Client’s account if (a) Client has requested pre- authorized payment via credit card or other pre-authorized payment vehicle, (b) such charges are outstanding or (c) the Services are terminated for a Device. This will constitute Xxxx'x sufficient authority for doing so. Client promises that the credit card for which Client has provided information to Bell is in Client’s name, is valid and has not expired. Client promises to promptly advise Bell if Client’s credit card information changes due to its loss, theft, cancellation or expiry.
