Common use of Distribution of Charge Payments Clause in Contracts

Distribution of Charge Payments. (a) Council must, in accordance with section 181D(2) of the Local Government Act, distribute any Charge Payment (other than the Administrative Costs included in the Charge Payment) it has received from the Owner in respect of a Charge Payment Date to the Lending Body by way of electronic transfer within 10 Business Days after Council has received cleared funds from the Owner for that Charge Payment.

Distribution of Charge Payments. (a) Council must, in accordance with section 181D(2) of the Local Government Act, distribute any Charge Payment (other than the Administrative Costs included in the Charge Payment) it has received from the Owner in respect of a Charge Payment Date to the Lending Body by way of electronic transfer within 10 5 Business Days after Council has received cleared funds from the Owner for that Charge Payment.

Distribution of Charge Payments. (a) Council must, in accordance with section 181D(2) of the Local Government Act, distribute any Charge Payment (other than the Administrative Costs included in the Charge Payment) it has received from the Owner in respect of a Charge Payment Date to the Lending Body by way of electronic transfer within 10 5 Business Days after Council has received cleared funds from the Owner for that Charge Payment.Payment.‌

Distribution of Charge Payments. (a) Council INSERT COUNCIL ABBREVIATION must, in accordance with section 181D(2) of the Local Government Act, distribute any Charge Payment (other than the Administrative Costs included in the Charge Payment) it has received from the Owner in respect of a Charge Payment Date to the Lending Body by way of electronic transfer within 10 5 Business Days after Council INSERT COUNCIL ABBREVIATION has received cleared funds from the Owner for that Charge Payment.