Direct Transfer Sample Clauses

Direct Transfer. The debtor agrees that the creditor can use Direct Transfer to obtain necessary funds from the debtor's accounts at Bank of China to pay for any fee or any portion of this loan owed by the debtor under this contract.
AutoNDA by SimpleDocs
Direct Transfer. In its discretion, the Trustee may accept the direct transfer of Plan assets from the trustee of other retirement plans described in Code Section 401(a). If the Plan receives a direct transfer of elective deferrals (or amounts treated as elective deferrals) under a Plan with a Code Section 401(k) arrangement, the distribution restrictions of Code Sections 401(k)(2) and (10) continue to apply to those transferred elective deferrals.
Direct Transfer to a Genesis OLP Affiliate. Genesis OLP may, in its sole discretion, direct a Transferor to transfer any of the Assets directly to an Affiliate of Genesis OLP; provided, however, that any such transfer shall not relieve Genesis OLP of any of its obligations under this Agreement (including, without limitation, the obligation to assume the Assumed Liabilities and to indemnify the Transferor Parties).
Direct Transfer. The parties to this Agreement agree that, each and every (a) RCFC Replacement Vehicle shall be transferred directly from the RCFC Seller thereof to RCFC, (b) Dollar Replacement Vehicle shall be transferred directly for the Dollar Seller thereof to Dollar, (c) Thrifty Replacement Vehicle shall be transferred directly from the Thrifty Seller thereof to Thrifty. The parties to this Agreement agree that the Qualified Intermediary shall not take actual or constructive possession of, hold legal title to, or be the registered owner of any Replacement Vehicle.
Direct Transfer. Section 1031 of the Code, the Treasury Regulations promulgated thereunder, IRS Revenue Ruling 90-34 and Revenue Procedure 2003-39 allow the Relinquished Property to be transferred directly from Exchanger to Purchaser. Similarly, the Replacement Property is permitted to be transferred directly from Seller to Exchanger. Pursuant to Treasury Regulation Section 1.1031(k)-1(g)(4)(iv), Intermediary is deemed to have acquired such properties and to have exchanged the Relinquished Property for the Replacement Property. Intermediary is only deemed to acquire such properties for purposes of Exchanger’s tax-deferred exchanges. Intermediary shall not be considered to hold title to, or to be a mortgagee in possession of, or to be owner or operator of such properties within the meaning of any federal, state or local environmental laws or regulations. Intermediary shall not be deemed at any time to acquire legal or equitable title to any Relinquished Property or Replacement Property. The Parties agree and acknowledge that Intermediary and Accruit are not partners, employees, agents or joint venturers of Exchanger.
Direct Transfer. A-17 Disputed Amount .............................................................16
Direct Transfer. In recognition of the fact that one hundred percent (100%) of the beneficial and economic interest in and to the Property will, pursuant to the provisions of Section 2.6(a) and (b) hereof, be ultimately conveyed, assigned and transferred to Buyer on the Closing, the Parties hereby acknowledge and agree that, for convenience purposes, legal title to the Property shall be conveyed, assigned and transferred directly by Seller to Buyer, and in connection with the foregoing, all of the Transaction Documents shall be entered into directly by and between Seller and Buyer, subject to the terms and conditions set forth in this Agreement.
AutoNDA by SimpleDocs
Direct Transfer. As an alternative to a rollover, arrangements may be made for a di- Special Rule for Xxxx IRAs - Conversion from Traditional IRA to a Xxxx XXX
Direct Transfer. 4.2.1 Potable water may be obtained either from modification to an existing emergency interconnection between City’s water system and Sweetwater’s water system, or a new interconnection may be constructed by City (a) The location shall be along the alignment of one of Sweetwater’s transmission mains. The Parties are in conceptual agreement that the area in the vicinity of the intersection of Xxxxxx Road and Xxxx Xxxxx Drive would be an optimal location due to the proximity of existing Sweetwater and City pipelines in this area. (b) City’s potable distribution operates at a greater hydraulic gradient than Sweetwater’s potable distribution system, thus requiring a booster pump station to convey water from Sweetwater to City. (c) The booster pump station shall have a maximum pumping capacity of 3.0 million gallons per day (mgd). (d) Metering facilities shall be included to measure the rate of flow and the total volume conveyed between the Sweetwater system and the City system. (e) The functionality of the existing emergency interconnection near the intersection of Willow Street and Sweetwater Road shall be maintained by either leaving the existing emergency interconnection in place or by incorporating the emergency interconnection into the Direct Transfer Facility. 4.2.2 Consent and mutual agreement of the Parties is required to finalize the location and design features of the Direct Transfer Facility. Such consent and agreement shall not be unreasonably withheld. 4.2.3 The Direct Transfer Facility shall be owned and operated by City and is intended to be operational within four (4) years after the commissioning of the Desal Expansion. 4.2.4 All costs for any environmental review, planning, design, construction, construction management, operation, and maintenance of the Direct Transfer Facility, including retaining or re-establishing the emergency interconnection between City and Sweetwater, shall be paid by City. The Direct Transfer Facility shall be subject to City’s Guidelines and Standards, Water and Sewer Design Guide, Standard Specifications for Public Works Construction and supplements (latest edition adopted by City), and Standard Drawings (latest edition adopted by City). 4.2.5 City’s approval and implementation of the Direct Transfer Facility is conditioned upon City’s determination, as the lead agency, that any potential environmental impacts of the Direct Transfer Facility have been adequately considered in compliance with CEQA and NEPA, as applic...
Direct Transfer. 11 ARTICLE III IDENTIFICATION....................................................11 3.1 Identification of Replacement Vehicles......................11
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!