Direction of Payments. Payments by the Reinsurer as above set forth shall be made directly to the Insurer or to its liquidator, receiver, conservator or statutory successor, except where (1) this Agreement specifies another payee in the event of the insolvency of the Insurer, or (2) the Reinsurer with the consent of the direct insureds has assumed such policy obligations of the Insurer as its direct obligations to the payees under the Policies, in substitution for the obligations of the Insurer to such payees.
Direction of Payments. Payments under the terms of this Agreement shall be made by check payable to: PERIMMUNE, INC. 1350 Xxxxxxx Xxxxx Xxxxxxxxx, Xxxxxxxx 00000-0000 Attn: Dr. Xxxxx Xxxxxx
Direction of Payments. Payments under the terms of this Contract shall be made via ACH or wire : [***]
Direction of Payments. (a) Project Co hereby irrevocably directs SMH to make any Tower Interim Completion Payment, together with applicable HST, to the Lenders’ Agent or as the Lenders’ Agent may direct, as security for the Financing. SMH shall pay the Tower Interim Completion Payment as directed by Project Co and shall not accept any redirection without the consent of the Lenders’ Agent. SMH will pay the amounts that Project Co is entitled to hereunder once the conditions for payment set out in this Project Agreement, if any, have been satisfied. Project Co acknowledges and agrees that payment by SMH of the Tower Interim Completion Payment to the Lenders’ Agent in accordance with this Section 4.4(a) constitutes payment by SMH to Project Co in satisfaction of SMH’s obligation to pay the Tower Interim Completion Payment to Project Co under this Project Agreement and in satisfaction of any trust obligation of SMH with respect to such payments under Section 7 of the CLA pursuant to Section 10 of the CLA.
(b) Project Co hereby irrevocably directs SMH to make any Substantial Completion Payment, together with applicable HST, to the Lenders’ Agent or as the Lenders’ Agent may direct, as security for the Financing. SMH shall pay the Substantial Completion Payment as directed by Project Co and shall not accept any redirection without the consent of the Lenders’ Agent. SMH will pay the amounts that Project Co is entitled to hereunder once the conditions for payment set out in this Project Agreement, if any, have been satisfied. Project Co acknowledges and agrees that payment by SMH of the Substantial Completion Payment to the Lenders’ Agent in accordance with this Section 4.4(b) constitutes payment by SMH to Project Co in satisfaction of SMH’s obligation to pay the Substantial Completion Payment to Project Co under this Project Agreement and in satisfaction of any trust obligation of SMH with respect to such payments under Section 7 of the CLA pursuant to Section 10 of the CLA.
Direction of Payments. Payments under the terms of this Agreement shall be made by check referencing the Principal Investigator and the Research title payable to: Name on check: The Methodist Hospital Research Institute Tax ID #: [***]
Direction of Payments. Payments under the terms of this Contract shall be made by check payable to: Name on check: Baylor College of Medicine Tax ID #: [***REDACTED***] Grants and Cxxxxxxxx Xxxx. X.X. Xxx 000000 Xxxxxx, Xxxxx 00000-0000
Direction of Payments. If any Commercial License Agreement counterparty (or any Person acting on its behalf) delivers to Seller any amount in respect of any Commercial License Agreement royalty or milestone payment to which Buyer is entitled pursuant to the Assigned Rights, Seller shall receive such amount in trust for Buyer and shall immediately transmit [***]% of such amount to Seller, and shall instruct in writing such Commercial License Agreement counterparty (and any such Person acting on its behalf) to in the future pay directly to Buyer all Commercial License Agreement royalty and milestone payments to which Buyer is entitled pursuant to the Assigned Rights. In addition, if any Commercial License Agreement counterparty (or any Person acting on its behalf) corresponds or communicates with Buyer regarding the size or timing of any Commercial License Agreement royalty or milestone payment to which Buyer is entitled pursuant to the Assigned Rights or the Commercial License Agreement counterparty’s obligation (or lack of obligation) in connection therewith, Buyer shall make no response which is prejudicial to Seller’s interest and shall immediately and fully inform Seller in writing of such correspondence or communication, and shall request such Commercial License Agreement counterparty (and any such Person acting on its behalf) to in the future correspond or communicate directly with Buyer as to such matters. If Buyer receives any check or other negotiable instrument in respect of any Commercial License Agreement royalty or milestone payment to which Buyer is entitled pursuant to the Assigned Rights, which is made in favor of Seller, Buyer shall be entitled to, in the name of and on behalf of Seller, endorse such check or other negotiable instrument to Buyer.
Direction of Payments. Each Seller, other than Xxxxxxx Xxxxxxx, hereby directs the Buyer to deliver a portion of such Seller's Aggregate Cash Proceeds as follows:
(i) an amount equal to such Seller's Percentage Interest of $10,000,000, which shall be paid into escrow pursuant to the Escrow Agreement;
(ii) an amount equal to such Seller's Percentage Interest of the amount of the Xxxxx Cash Collateral Account designated in Section 8.10, to an account established at Bank One, Michigan or such other financial institution designated by Sellers' Representative as is reasonably acceptable to the Buyer (the "CASH COLLATERAL BANK" ); and
(iii) an amount equal to such Seller's Reserve Account Percentage Interest of $250,000 as designated for the Reserve Account established pursuant to Section 9.10, to the Sellers' Representative; PROVIDED, that the Buyer shall make no such payment on behalf of the Sellers' Representative.
Direction of Payments. Borrower shall direct its customers to send the proceeds of Accounts to an address or deposit account as directed by Lender.
Direction of Payments. Payments made by Company to the Sponsor and the Institutions under this Agreement shall be made in Euros by electronic bank transfer to the following bank accounts:
(a) Bank Account Number
(b) Swift Code
(c) Bank Name and Address
(d) Sponsor’s Payment Sponsor’s Tax
(a) Bank Account Number:
(b) Swift Code:
(c) Bank Name and Address: Barcelona, Spain
(d) Institution’s Payment Reference: None Tax ID is
(a) Bank Account Number
(b) Swift Code
(c) Bank Name and Address
(d) Sponsor’s Payment Reference CPS XX XXXXX ASTRAZAENECA Tax ID is
