Conditions to Payment Sample Clauses

Conditions to Payment. The obligation of Freddie Mac to pay any Transfer Amount and/or Return Reimbursement Amount and the obligation of the Trust to pay any Return Amount pursuant to Sections 2 and 3, respectively, shall be subject to the following conditions precedent: (a) receipt by the Indenture Trustee of the monthly “Reference Pool File” for the related Payment Date in accordance with the terms of the Indenture; (b) the Termination Date has not occurred as of any prior Payment Date; and (c) receipt by Freddie Mac and the Trust of a Payment Notification pursuant to Section 7.

Conditions to Payment. The obligation of Freddie Mac to pay the Capital Contribution Amount pursuant to Section 2 shall be subject to the following conditions precedent: (a) the Termination Date has not occurred as of any prior Payment Date; and (b) receipt by Freddie Mac of a Payment Notification pursuant to Section 5(a).

Conditions to Payment. The respective obligations of the parties to make any Payments under Article II with respect to any Remittance Date will be subject to the following conditions precedent: (a) the Monthly Reference Pool File for the related Payment Date has been delivered to the Indenture Trustee in accordance with the terms of the Indenture; (b) the CAA Termination Date has not occurred as of any prior Payment Date; and (c) each of Xxxxxx Mae and the Issuer has received a Payment Notification pursuant to Section 3.02(a).

Conditions to Payment. The obligations of the Capital Contribution Provider (or the Capital Contribution Assignee, if any) to make any Payment under Article II with respect to any Remittance Date will be subject to the following conditions precedent: (a) the CAA Termination Date has not occurred as of any prior Payment Date; and (b) the Capital Contribution Provider has received a Payment Notification pursuant to Section 3.02(a).

Conditions to Payment. All payments and benefits due to Executive under this Section 6 which are not otherwise required by law shall be payable only if Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims in the form attached hereto as Exhibit A, provided that, if necessary, such general release may be updated and revised to comply with applicable law to achieve its intent. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination and provided further that if the sixty- (60-) day period begins in one calendar year and ends in a second calendar year, payments shall always be made in the second calendar year. Failure to timely execute and return such release or revocation thereof shall be a waiver by Executive of Executive’s right to severance (which, for the avoidance of doubt, shall not include any amounts described in Sections 6.1(a), (c), and (h) hereof). In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims in the form attached hereto as Exhibit 6.6 (the “General Release”), provided, that, if necessary, such General Release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, or revocation thereof, shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

Conditions to Payment. The obligation of Xxxxxxx Mac to pay the Capital Contribution Amount pursuant to Section 2 shall be subject to the following conditions precedent: (a) the Termination Date has not occurred as of any prior Payment Date; and (b) receipt by Xxxxxxx Mac of a Payment Notification pursuant to Section 5(a).

Conditions to Payment. All payments and benefits due to Executive under this Section 9 which are not otherwise required by applicable law shall be payable only if Executive executes and delivers to the Company a general release of claims in the form attached hereto as Exhibit A, which may be updated by the Company from time to time to reflect changes in law and such release is no longer subject to revocation (to the extent applicable), in each case, within sixty (60) days following termination of employment. Failure to timely execute and return such release or the revocation of such release during the revocation period shall be a waiver by Executive of Executive’s right to severance (which, for the avoidance of doubt, shall not include any amounts described in Section 9(a)(i) of this Agreement). In addition, severance shall be conditioned on Executive’s compliance with Section 11 of this Agreement, and on Employee’s continued compliance with Section 13 of this Agreement as provided in Section 15 below.

Conditions to Payment. The obligation of Xxxxxxx Mac to pay any Transfer Amount and/or Return Reimbursement Amount and the obligation of the Trust to pay any Return Amount pursuant to Sections 2 and 3, respectively, shall be subject to the following conditions precedent: (a) receipt by the Indenture Trustee of the monthly “Reference Pool File” for the related Payment Date in accordance with the terms of the Indenture; (b) the Termination Date has not occurred as of any prior Payment Date; and (c) receipt by Xxxxxxx Mac and the Trust of a Payment Notification pursuant to Section 7.

Conditions to Payment. The payment and benefits provided to the Executive under this Agreement shall be effective only upon the satisfaction of the following conditions: (i) the Merger shall be consummated in accordance with the terms of the Merger Agreement, as it may be amended with the approval of the MONY Board of Directors; and (ii) the Executive shall be employed by MONY Life immediately preceding the Effective Time; provided, however, that the Executive shall continue to be entitled to the payments and benefits under Section 2 and 3 hereof in the event that employment is terminated prior to the Effective Time by reason of the Executive’s death or “Disability” or by MONY Life without “Cause.”