Common use of Delivery of Officer's Certificates; Timing of Payments Clause in Contracts

Delivery of Officer's Certificates; Timing of Payments. (a) Each of the certificates of an Authorized Officer required to be delivered hereunder shall be delivered not later than 12:00 noon, New York City time, on the Business Day immediately prior to the day on which the Security Agent is required to make transfers hereunder. Any certificate of an Authorized Officer delivered later than the time specified herein shall nevertheless be considered valid and shall be honored by the Security Agent on or as promptly after the date otherwise specified herein for payment as is practicable, subject to the availability of cash in the applicable Account.

Appears in 2 contracts

Samples: Security Deposit Agreement (Panda Interfunding Corp), Security Deposit Agreement (Panda Interfunding Corp)

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Delivery of Officer's Certificates; Timing of Payments. (a) Each of the certificates of an Authorized a Responsible Officer required to be delivered hereunder shall be delivered not later than 12:00 noon1:00 p.m., New York City time, on the Business Day immediately prior to the day on which the Security Agent is required to make transfers hereunder. Any certificate of an Authorized a Responsible Officer delivered later than the time specified herein shall nevertheless be considered valid and shall be honored by the Security Agent on or as promptly after the date otherwise specified herein for payment as is practicable, subject to the availability of cash in the applicable Account.

Appears in 1 contract

Samples: Security Deposit Agreement (Ce Generation LLC)

Delivery of Officer's Certificates; Timing of Payments. (a) Each of the certificates of an Authorized a Responsible Officer required to be delivered hereunder shall be delivered not later than 12:00 noonP.M., New York City time, on the Business Day immediately prior to the day on which the Security Agent is required to make transfers hereunder. Any certificate of an Authorized a Responsible Officer delivered later than the time specified herein shall nevertheless be considered valid and shall be honored by the Escrow Agent or the Security Agent Agent, as the case may be, on or as promptly after the date otherwise specified herein for payment as is practicable, subject to the availability of cash in the applicable Account.

Appears in 1 contract

Samples: Security Deposit Agreement and Escrow Agreement (Cogen Technologies Inc)

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Delivery of Officer's Certificates; Timing of Payments. (a) Each of the certificates of an Authorized a Responsible Officer required to be delivered hereunder shall be delivered not later than 12:00 noonp.m., New York City time, on the Business Day immediately day prior to the day on which the Security Agent is required to make transfers hereunder. Any certificate of an Authorized a Responsible Officer delivered later than the time specified herein shall nevertheless be considered valid and shall be honored by the Security Agent on or as promptly after the date otherwise specified herein for payment as is practicable, subject to the availability of cash in the applicable Account.

Appears in 1 contract

Samples: Security Deposit Agreement (Cogen Technologies Inc)

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