Conditions to Scheduled Payments Sample Clauses

Conditions to Scheduled Payments. Subject to the terms of this Article 4, Owner shall, within thirty (30) days after the later of (i) each successive applicable payment date set forth in the Payment and Milestone Schedule and (ii) receipt by Owner of an invoice package from Contractor in which Contractor certifies that (1) all of the milestones set forth on the Payment and Milestone Schedule required to be achieved prior to such payment date have been achieved in compliance with the standards of performance set forth in Section 10.1 hereof and (2) it is performing the Services hereunder in a timely manner consistent with achieving Final Acceptance of the Facility no later than the Guaranteed Final Acceptance Date (the "Contractor's Payment Request"), make or cause to be made the Scheduled Payments to Contractor with respect to the Services performed; provided, that:
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Conditions to Scheduled Payments. Subject to the terms of this Agreement, and provided that Concessionaire has received Contractor’s request for payment in accordance with Section 4.2.1 above, Concessionaire shall make, or cause to be made, the corresponding Scheduled Payment in compliance with VA. Code § 2.2, et seq., which addresses prompt payment; provided, however, that Concessionaire may withhold all or part of any Scheduled Payment upon the occurrence of any of the following events, and provided, further, that, other than upon the occurrence of an event described in (i), (ii), and (vii) below, Concessionaire will only withhold such portion of the Scheduled Payment necessary to protect itself:
Conditions to Scheduled Payments. Subject to the terms of this Agreement, and provided that Concessionaire has received Contractor’s request for payment in accordance with Section 4.2.1 above, Concessionaire shall make, or cause to be made, the undisputed portion of the corresponding Scheduled Payment to Contractor within thirty (30) days after Concessionaire received such request for payment, such payment to comply with VA. Code § 2.2, et seq., which addresses prompt payment; provided, however, that Concessionaire may withhold all or part of any Scheduled Payment upon the occurrence of any of the following events, and provided, further, that, other than upon the occurrence of an event described in (i), (ii)(B), (vii) and (viii) below, Concessionaire will only withhold such portion of the Scheduled Payment necessary to protect itself, and upon the occurrence of the event described in (vi) below, Concessionaire will only withhold such portion of the Scheduled Payment not approved by the Independent Engineer:
Conditions to Scheduled Payments. Subject to the terms of this Agreement, and provided that the Concessionaire has received the DB Contractor’s request for payment in accordance with Section 7.02(a), the Concessionaire shall make, or cause to be made, the undisputed portion of the corresponding Scheduled Payment to the DB Contractor within 30 Days after the Concessionaire received such request for payment, such payment to comply with the Code of Virginia §2.2, et seq., which addresses prompt payment; provided, however, that the Concessionaire may withhold all or part of any Scheduled Payment upon the occurrence of any of the following events:
Conditions to Scheduled Payments. Subject to the terms of this Agreement, and provided that Concessionaire has received Contractor’s request for payment in accordance with Section 4.2.1 above, Concessionaire shall make, or cause to be made, the undisputed portion of the corresponding Scheduled Payment to Contractor within thirty (30) days after Concessionaire received such request for payment, such payment to comply with VA. Code §2.2, et seq., which addresses prompt payment; provided, however, that Concessionaire may withhold all or part of any Scheduled Payment upon the occurrence of any of the following events:
Conditions to Scheduled Payments. Contractor shall submit in writing each request for payment under the Contract to Owner at least fifteen (15) days prior to each payment date set forth in the Milestone Payment Schedule. Each such request shall be in the form of and shall comply with all of the requirements set forth in Appendix Q. Subject to the terms of this Article 4, Owner shall make each applicable Scheduled Payment, within ten (10) days after the applicable payment date set forth in the Milestone Payment Schedule, provided that notwithstanding any other provision herein to the contrary:
Conditions to Scheduled Payments. Subject to the terms of this Article 4, Owner shall, within thirty (30) days after the later of (i) each successive applicable payment date set forth in the Payment and Milestone Schedule and (ii) receipt by Owner of an invoice package from Contractor in which Contractor certifies that (1) all of the milestones set forth on the Payment and Milestone Schedule required to be achieved prior to such payment date have been achieved in compliance with the standards of performance required hereunder and (2) it is performing the Services hereunder in a timely manner consistent with achieving Final Acceptance of the Facility no later than the Guaranteed Final Acceptance Date or such later date, if any, that may have been accepted by Owner pursuant to a Plan proposed pursuant to the provisions of Sections 7.2.1 or 7.6.2 hereof (the "CONTRACTOR'S PAYMENT REQUEST"), make or cause to be made the Scheduled Payments to Contractor with respect to the Services performed; PROVIDED that:
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Conditions to Scheduled Payments. Subject to the other terms of -------------------------------- this Section 4, Owner shall within thirty (30) days after the receipt of each Application for Payment make or cause to be made to Contractor, subject to this Section 4.4, the Scheduled Payment (and other amounts as may be due hereunder) by wire transfer of immediately available funds to a bank and account specified in writing by Contractor in accordance with Section 16.1, hereof; provided that:

Related to Conditions to Scheduled Payments

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

  • Conditions to Subsequent Advances Lenders will have no obligation to fund any Advance after the initial Revolving Loan Advance unless:

  • Scheduled Payments of Term Loans Borrower shall make principal payments on the Term Loans (other than the Other Term Loans) in installments on the dates and in the amounts set forth below: Date Scheduled Repayment of Term Loans June 30, 2013 $ 500,000.00 September 30, 2013 $ 1,375,000.00 December 31, 2013 $ 1,375,000.00 March 31, 2014 $ 1,375,000.00 June 30, 2014 $ 1,375,000.00 September 30, 2014 $ 2,062,500.00 December 31, 2014 $ 2,062,500.00 March 31, 2015 $ 2,062,500.00 June 30, 2015 $ 2,062,500.00 September 30, 2015 $ 2,062,500.00 December 31, 2015 $ 2,062,500.00 March 31, 2016 $ 2,062,500.00 June 30, 2016 $ 2,062,500.00 September 30, 2016 $ 2,750,000.00 December 31, 2016 $ 2,750,000.00 March 31, 2017 $ 2,750,000.00 June 30, 2017 $ 2,750,000.00 August 9, 2017 $ 72,250,000.00 ; provided that the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B(iv); and provided, further that (x) the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the applicable Term Loan Maturity Date, and the final installment payable by Borrower in respect of the Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Borrower under this Agreement with respect to the Term Loans and (y) to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term Loans for periods prior to the then latest Term Loan Maturity Date for all existing Term Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term Loans for periods after the then latest Term Loan Maturity Date for all existing Term Loans shall be as specified in the applicable Extension Offer.”

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicable, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

  • Conditions to Xxxxx’x Obligations The obligations of Xxxxx hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by Xxxxx of a due diligence review satisfactory to Xxxxx in its reasonable judgment, and to the continuing satisfaction (or waiver by Xxxxx in its sole discretion) of the following additional conditions:

  • Conditions to All Advances The obligation of each -------------------------- Applicable Lender to make any Advance, including its initial Advance, shall also be subject to the satisfaction of the conditions precedent that on the date of such Advance:

  • Optional Payments The Borrowers may from time to time and at any time upon at least one (1) Business Day’s prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount of One Million Dollars ($1,000,000) and in integral multiples of One Million Dollars ($1,000,000) in excess thereof. Eurodollar Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4, in an aggregate minimum amount of Four Million and 00/100 Dollars ($4,000,000) and in integral multiples of One Million and 00/100 Dollars ($1,000,000) in excess thereof; provided, that the applicable Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business Days’ prior written notice to the Administrative Agent of such prepayment and provided, further, all Eurodollar Loans constituting part of the same Eurodollar Rate Advance shall be repaid or prepaid at the same time.

  • Conditions to Each Advance The agreement of Lenders to make any Advance requested to be made on any date (including the initial Advance), is subject to the satisfaction of the following conditions precedent as of the date such Advance is made:

  • Conditions to Advances The obligation of Lender to make each Advance hereunder, including the Initial Advance, shall be subject to the prior or simultaneous occurrence or satisfaction of each of the following conditions:

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