Designation of Funds Sample Clauses

Designation of Funds. No later than the last Business Day of each month, the District shall specifically earmark cash, cash equivalents or marketable securities or any combination thereof in an amount equal to the amount of (a) the interest on the Bonds that shall accrue in the next month and (b) the principal of the Bonds that shall accrue in the next month. In computing the amount to be earmarked for any particular month, the District shall take into account any scheduled maturities of interest or principal scheduled to become due and payable in such month and the funds theretofore earmarked for such purpose and may assume that both interest and principal accrue daily from the prior payment date or date of issuance but not more than twelve (12) months prior to a payment date.
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Designation of Funds. Upon (i) any Contribution to the Master Trust; or (ii) any withdrawal from the Master Trust; or (iii) any transfer between the Funds or subaccounts thereunder, the Authority shall designate (in writing), in accordance with Articles IV or V, as applicable, the Fund(s), and the subaccount(s) thereunder, which is to be credited or debited for the amount of such Contribution, withdrawal or transfer, and the Trustee shall credit - or debit the Fund(s), and the subaccount (a) thereunder, in accordance with such designation.
Sample 1
Designation of Funds. (a) It is agreed by the parties that the intent of the non-refundable advance against future royalties as discussed in Sections 1.2 (a),(i),(ii),(iii) is to be the royalty amount due for the first 12 months immediately following Closing, subject to adjustment as provided in Section 1.2 (a)(iv) and (v) and (vi). (b) This classification of funds will by no means change the fact that the Parties agree and understand that the $400,000, or such other sum as determined under 1.2(a)(i) and 1.2(a)(ii) is to be applied as a credit against future royalty payments. (c) The clarification of the assignment of values in items (a) and (b) above in no way limits or expands the rights or obligations of the parties. (d) Monies paid pursuant to this Agreement will be specifically designated and assigned as an Inventory payment or as a Royalty payment.
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Designation of Funds. Clark County agrees that any funds paid to Clark County for The Harbor by the Parties hereto, shall be placed into the County General Fund and any expenses incurred by reason of operation of The Harbor shall be paid from that account.
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Designation of Funds. By Motion M2021- dated August 10, 2021, the City Council of the City has affirmed the appropriation and directed the expenditure of the sum of Dollars ($ .00) to be paid to the MBDA for such public purposes as are expressly identified in the MOU.
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Designation of Funds. These donations will be designated as “Unrestricted Funds” for the nonprofit, unless otherwise stated by the nonprofit on the charity selection page.
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Designation of Funds. Upon (i) the initial Contribution to the Master Trust as specified in Section 3.01; (ii) any addition to the Master Trust pursuant to Section 3.02;
Sample 1
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Designation of Funds. Provided that no termination of the Project Agree- ment as to the Zone B Facilities has occurred, Kennecott shall pay to JVWCD for the de- sign and construction of the Zone B Facilities pursuant to the terms of this Section 9.2 the sum of $24,691,400, plus interest from January 20, 2004 at the PTIF Rate on the out- standing balance. Such amount shall be divided into the following funds: i. Design Fund: $2,200,000 (October 2002 dollars at the PTIF Rate). ii. Construction Fund: 90% of the remaining balance. iii. Construction Retainage Fund: 10% of the remaining balance.
Sample 1
Designation of Funds. On each Prepayment Date and each Elective Redemption Date (each, a “Redemption Date”), the Company shall set aside in trust for the benefit of the Holders of the Notes and/or Warrants to be redeemed the funds necessary for such redemption, which funds shall be used to pay the applicable amount to be repaid with respect to the Notes and the applicable Redemption Price to be paid for the Warrants (together; the “Redemption Payment”), upon the surrender of the related Notes or certificates representing such Warrants to the Company for such redemption (or such affidavits, indemnity and undertakings as would be necessary to replace any Note or certificate claimed to have been lost, stolen or destroyed).
Sample 1

Related to Designation of Funds

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations, subject to the provisions of Sections 2.13 and 2.14, shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third held by them; Fourth, to (a) payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings and (b) Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Fourth held by them; and Last, the balance, if any, after all of the Obligations have been paid in full, to the Borrower or as otherwise required by Law. Subject to Section 2.03(c) and Section 2.13, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

  • Distribution of Funds Deliver (i) to Seller, or order, the cash portion of the Purchase Price, adjusted for prorations, charges and other credits and debits provided for herein; and (ii) to Buyer, or order, any excess funds delivered to Escrow Agent by Buyer. Such funds shall be delivered by wire transfer or cashier’s check in accordance with instructions for Seller and Buyer; if no instructions are given, Escrow Agent shall deliver such funds by Escrow Agent’s check via overnight courier (or as otherwise requested by the intended recipient) to the appropriate party at the address set forth for notice in this Agreement.

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

  • Termination of Fund At any time following the first anniversary of the Closing Date, the Surviving Corporation shall be entitled to require the Paying Agent to deliver to it any funds (including any interest received with respect thereto) that had been made available to the Paying Agent and which have not been disbursed to holders of Certificates, and thereafter such holders shall be entitled to look only to Parent and the Surviving Corporation (subject to abandoned property, escheat or other similar Laws) as general creditors thereof with respect to the payment of any Merger Consideration that may be payable upon surrender of any Certificates held by such holders, as determined pursuant to this Agreement, without any interest thereon. Any amounts remaining unclaimed by such holders at such time at which such amounts would otherwise escheat to or become property of any Governmental Authority shall become, to the extent permitted by applicable Law, the property of Parent, free and clear of all claims or interest of any Person previously entitled thereto.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Segregation of Funds Contractor shall comply with federal requirements relating to the required segregation of funds received for abortion services in accordance with the Affordable Care Act Section 1303 and 45 C.F.R. § 156.280.

  • Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

  • Retention of Funds Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.

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