Distribution of Payment. All payments in lieu of taxes shall be distributed to all applicable taxing subdivisions in the County, as provided in K.S.A. 12-1742.
Distribution of Payment. All principal, interest and any other amounts received by the Debenture Holders' Representative with respect to any Tranche of Debentures (including from the enforcement of the Guarantee) shall be applied in the order of priority set out under Condition 9.6 of the Conditions.
Distribution of Payment. Subject to the terms of this Agreement, the Investment Funding may only be applied by the Recipient for payment or reimbursement of Approved Eligible Costs on a Project-by-Project basis up to the maximum Planned Expenditures for each Project as set out in the approval for it. The aggregate amount of the Approved Eligible Costs for one Management Unit for Projects of the Recipient in any given Year shall not exceed the Recipient‟s Investment Funding for that year at any time or in any circumstance. Cost variance on a Project-by-Project basis within a given Year may be permissible so long as:
Distribution of Payment. 1. The payment will be made in a separate check on the final payday of the unit member’s final contract year. Deduction from the check to the NYSTRS will be made at the existing rate of contribution.
2. In lieu of cash, the unit member may opt to designate their payment be placed in a reserve fund and used to pay their (unit member) portion of the health insurance premium.
Distribution of Payment. Claimants’ Counsel will be solely responsible for distribution of the Payment from the SF to Claimants and Claimants’ Counsel, though they may use a Claim Administrator to facilitate distribution. Assuming the Participation Threshold set forth in paragraph 5(a) is met, the distribution to Claimants and Claimants’ Counsel shall be made within twenty-one (21) days of the Payment from Defendant into the SF. Defendant’s obligations under this agreement regarding the Payment shall be deemed complete upon the completion of the wire transfer described above.
Distribution of Payment. Preferred currently has an operating business that is derived completely outside of the internet. This Agreement is intended to develop an internet presence and to that effect, World is only entitled to compensation for internet subscriptions from the website created by World for Preferred. Furthermore, the only plans that will be offered on the website will be CA-90 and CA-50. CA-90 will be sold on the website at six ($6) dollars per month and Preferred shall receive two ($2) dollars for each subscription and World shall receive four ($4) dollars for each subscription. Under CA- 50, the single coverage option is fourteen dollars and twenty- eight cents ($14.28) per month, the two party coverage option is twenty-three dollars and eighty-seven cents ($23.87) per month and the family coverage option is thirty dollars and ninety-eight cents ($30.98) per month. Preferred shall receive eleven dollars and twenty-eight cents ($11.28) per month, twenty-dollars and twenty-eight cents ($20.28) per month and twenty-six dollars and thirty-two cents ($26.32) per month for the three CA-50 plans, respectively. World shall receive three dollars ($3.00) per month, three dollars and fifty-nine cents ($3.59) per month and four dollars and sixty-three cents ($4.63) per month for the three CA-50 plans, respectively. Payments will be collected throughout the calendar month and paid to World within fifteen (15) days of the end of the preceding month. Preferred reserves the right to change the prices of the plan as necessary, with the understanding that, in the event that there is a change, World will continue to be compensated according to the same pro-rata percentage as in this Agreement.
Distribution of Payment. Subject to the terms of this Agreement, the Investment Funding may only be applied by the Recipient for payment or reimbursement of Approved Eligible Costs on a Project-by-Project basis up to the maximum Planned Expenditures for each Project as set out in the approval for it. The aggregate amount of the Approved Eligible Costs for Projects of the Recipient in any given Year shall not exceed the Recipient’s Investment Funding for each Project for that year at any time or in any circumstance. Cost variance on a Project basis within a given Year may be permissible so long as (i) there is no increase in unit costs from those budgeted in the initial Project approval, and (ii) the Administrator, in its sole discretion, approves prior to the Work being implemented any and all variances that exceed the maximum Planned Expenditures; and in any event, the aggregate amount of the Planned Expenditures for a given Year as approved does not exceed the Recipient’s approved Investment Funding at any time or in any circumstance. Where a Recipient has received an allocation for more than one Management Unit or Investment Schedule in a Year, cost variance within one Management Unit or Investment Schedule may not be compensated for within another Management Unit or Investment Schedule. In addition to the foregoing principles, Investment Funding shall be subject to Section 3.0.
Distribution of Payment. The Trustee agrees that (i) it shall request the Securities Administrator to distribute the Net Payment to the Certificateholders in accordance with the distribution provisions of the Transaction Documents as though the Net Payment was a Subsequent Recovery (as defined in the MSTA) of principal available for distribution on the related distribution date, and (ii) if distribution of the Payment would become payable to a class of REMIC residual interests or any servicer, whether on the initial distribution of the Payment or on any subsequent distribution date that is not the final distribution date under the Transaction Documents, the Payment shall be maintained in the distribution account and shall be distributed to the Certificateholders on the next distribution date according to the provisions of this
Distribution of Payment. The Trustee shall distribute the Net Payment to the Certificateholders in accordance with the distribution provisions of the Transaction Documents as follows: (i) as though the Net Payment was a Group I Subsequent Recovery (as defined in the TA) of principal, in the respective amounts set forth in Section 3, on Subgroup I-1 Mortgage Loans and Subgroup I-2 Mortgage Loans available for distribution on the related distribution date, and (ii) if distribution of the Net Payment would become payable to a class of REMIC residual interests, whether on the initial distribution of the Net Payment or on any subsequent distribution date that is not the final distribution date under the Transaction Documents, the Net Payment shall be maintained in the distribution account and shall be distributed to the Certificateholders on the next distribution date according to the provisions of this Section 4. For the avoidance of doubt, except as provided for in this Agreement, the Trustee shall have no obligations with respect to, or liability for, the distribution of the Net Payment to the Certificateholders. For the further avoidance of doubt, apart from paying the Payment in accordance with Section 3, Bank of America and Countrywide shall have no obligation with respect to the distribution of the Payment to, or within, the Trust. For the further avoidance of doubt, the Trustee shall not be required to transfer any Mortgage Loans, or any Mortgage Files relating thereto, to Bank of America or Countrywide.
