Common Unit Distribution Credit Advances Sample Clauses

Common Unit Distribution Credit Advances. If the requirements of section 2.2(2) are met, such that FLCNKII is entitled to receive a Common Unit Distribution Credit Advance from Hydro, a Borrowing Notice shall have been deemed to have been received by Hydro for the amount of such Advance. Hydro shall within two (2) Business Days of the date that the amount of the Advance is determined, in accordance with section 2.2(2), make such funds available to FLCNKII by Hydro depositing the amount of the Advance to FLCNKII account designated by FLCNKII.
Sample 1
AutoNDA by SimpleDocs
Common Unit Distribution Credit Advances. If the requirements of section 2.2(2) are met, such that the YFFNLP is entitled to receive a Common Unit Distribution Credit Advance from Hydro, a Borrowing Notice shall have been deemed to have been received by Hydro for the amount of such Advance. Hydro shall within two (2) Business Days of the date that the amount of the Advance is determined, in accordance with section 2.2(2), make such funds available to the YFFNLP by Hydro depositing the amount of the Advance to the YFFNLP account designated by the YFFNLP.
Sample 1
Common Unit Distribution Credit Advances. If the requirements of section 2.2(2) are met, such that the CNPLP is entitled to receive a Common Unit Distribution Credit Advance from Hydro, a Borrowing Notice shall have been deemed to have been received by Hydro for the amount of such Advance. Hydro shall within two (2) Business Days of the date that the amount of the Advance is determined, in accordance with section 2.2(2), make such funds available to the CNPLP by Hydro depositing the amount of the Advance to the CNPLP account designated by the CNPLP.
Sample 1

Related to Common Unit Distribution Credit Advances

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • OPWC/Local Subdivision Participation Percentages For the sole and express purpose of financing/reimbursing costs of the Project, the estimated costs of which are set forth and described below, the Recipient hereby designates its Local Subdivision Percentage Contribution as amounting to a minimum total value of 50% of the total Project Cost. The OPWC Participation Percentage shall be 50% not to exceed $100,000.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • P R E A M B L E 26 27 This Agreement is made and entered into between Peninsula School District Number 401 28 (hereinafter "District") and Public School Employees of Peninsula, Bus Driver Unit, an affiliate of 29 Public School Employees of Washington (hereinafter "Association"). 31 In accordance with the provisions of the Public Employees Collective Bargaining Act and regulations 32 promulgated pursuant thereto, and in consideration of the mutual covenants contained herein, the 33 parties agree as follows: 34 35 37 A R T I C L E I 38 39 RECOGNITION AND COVERAGE OF AGREEMENT 40 41 Section 1.1. 42 The District hereby recognizes the Association as the exclusive representative of all employees in the 43 bargaining unit described in Section 1.3, and the Association recognizes the responsibility of 44 representing the interests of all such employees.

  • Commitment Charge; Credit (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Qualified Reservist Distributions If you are a qualified reservist member called to active duty for more than 179 days or an indefinite period, the payments you take from your IRA during the active duty period are not subject to the 10 percent early distribution penalty tax. 10) Qualified birth or adoption. Payments from your IRA for the birth of your child or the adoption of an eligible adoptee will not be subject to the 10 percent early distribution penalty tax if the distribution is taken during the one-year period beginning on the date of birth of your child or the date on which your legal adoption of an eligible adoptee is finalized. An eligible adoptee means any individual (other than your spouse’s child) who has not attained age 18 or is physically or mentally incapable of self-support. The aggregate amount you may take for this reason may not exceed $5,000 for each birth or adoption. You must file IRS Form 5329 along with your income tax return to the IRS to report and remit any additional taxes or to claim a penalty tax exception.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

Time is Money Join Law Insider Premium to draft better contracts faster.