Deposit of Moneys; Transfers Upon Acceptance Sample Clauses

Deposit of Moneys; Transfers Upon Acceptance. Lessor and Lessee agree that Lessor or, in the event of assignment by Lessor, the Registered Owner of the Assignment, as Lessor’s assignee, shall apply or cause to be applied to the purchase of the Equipment the principal amount of $1,644,700 less any Acquisition Costs paid at closing, which net amount is certified by Lessee to be sufficient to effect the same; provided, however, that, in the event all or any portion of the Equipment is not yet available for purchase as of such date, Lessor shall enter into the Escrow Agreement, pursuant to which Lessor or, in the event of assignment by Lessor, the Registered Owner of the Assignment, as Lessor’s assignee, shall cause to be deposited in the Escrow Account created under such Escrow Agreement and held by the Escrow Agent, the principal amount of $1,644,700 less any Acquisition Costs paid at closing. In the event that this Lease has been assigned in consideration of the initial Registered Owner providing funds for Acquisition Costs, Lessee agrees that such funds shall only be disbursed upon the satisfaction of the conditions of the Registered Owner’s purchase of the Assignment.
Sample 1
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Deposit of Moneys; Transfers Upon Acceptance. Lessor and Lessee agree that Lessor or, in the event of assignment by Lessor, the Registered Owner of the Assignment, as Lessor’s assignee, shall apply or cause to be applied to the purchase of the Equipment the principal amount of $ less any Acquisition Costs paid at closing, which net amount is certified by Lessee to be sufficient to effect the same; provided, however, that, in the event all or any portion of the Equipment is not yet available for purchase as of such date, Lessor shall enter into the Escrow Agreement, pursuant to which Lessor or, in the event of assignment by Lessor, the Registered Owner of the Assignment, as Lessor’s assignee, shall cause to be deposited in the Escrow Account created under such Escrow Agreement and held by the Escrow Agent, the principal amount of $ less any Acquisition Costs paid at closing. In the event that this Lease has been assigned in consideration of the initial Registered Owner providing funds for Acquisition Costs, Xxxxxx agrees that such funds shall only be disbursed upon the satisfaction of the conditions of the Registered Owner’s purchase of the Assignment.
Sample 1

Related to Deposit of Moneys; Transfers Upon Acceptance

  • Application of Moneys All moneys received by the Agent and/or the Security Trustee under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 or in a manner determined in the Security Trustee’s or (as the case may be) the Agent’s discretion, shall be applied in the following manner:

  • Payment of Monies Any other monies payable under this Agreement, unless otherwise specified in this Agreement, shall be paid by wire transfer.

  • Withdrawal, Substitution, and Modification of Tenders 23.1 A Tenderer may withdraw, substitute, or modify its Tender after it has been submitted by sending a written notice, duly signed by an authorized representative, and shall include a copy of the authorization (the power of attorney) in accordance with ITT19.3, (except that withdrawal notices do not require copies). The corresponding substitution or modification of the Tender must accompany the respective written notice. All notices must be:

  • Refund for Withdrawal Due to Non-Delivery of Course The PEI will notify the Student within three (3) working days upon knowledge of any of the following:

  • Rejection of Deposit We are not liable for any fees, service, or late charges levied against you due to our rejection of any item. In all cases, you are responsible for any loss or overdraft plus any applicable fees to your account due to an item being returned.

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

  • Termination of Agreement, Resignation, or Removal of Custodian Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we send the notice to you, we have the right to transfer your Xxxx XXX assets to a successor Xxxx XXX trustee or custodian that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your Xxxx XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your Xxxx XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your Xxxx XXX If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your Xxxx XXX to you in cash or property if the balance of your Xxxx XXX drops below the minimum balance required under the applicable investment or policy established.

  • Order of Application of Partial Payments and Periodic Payments Except as otherwise described in this Section 2, if Lender applies a payment, such payment will be applied to each Periodic Payment in the order in which it became due, beginning with the oldest outstanding Periodic Payment, as follows: first to interest and then to principal due under the Note, and finally to Escrow Items. If all outstanding Periodic Payments then due are paid in full, any payment amounts remaining may be applied to late charges and to any amounts then due under this Security Instrument. If all sums then due under the Note and this Security Instrument are paid in full, any remaining payment amount may be applied, in Xxxxxx’s sole discretion, to a future Periodic Payment or to reduce the principal balance of the Note. If Lender receives a payment from Borrower in the amount of one or more Periodic Payments and the amount of any late charge due for a delinquent Periodic Payment, the payment may be applied to the delinquent payment and the late charge. When applying payments, Lender will apply such payments in accordance with Applicable Law.

  • NOTIFICATION OF PRE-AUTHORIZED DEPOSITS If You have arranged to have direct deposits made to Your Account at least once every 60 days (from Your employer, the Federal government or other payor), You can call Us at the telephone number shown in this Agreement to find out whether or not the deposit has been made.

  • Transfer upon Bankruptcy (1) You may transfer escrow securities within escrow to a trustee in bankruptcy or another person or company entitled to escrow securities on bankruptcy.

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