Distribution of receipts Sample Clauses

Distribution of receipts. FROM EXPLOITATION OF INTERACTIVE RIGHTS (AS DEFINED BELOW):
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Distribution of receipts. All the receipts that the Trustee may receive as a result of proceedings it institutes, if any, against the Company, shall be held by it in trust and shall serve in its hands for the purposes and according to the order of priority as follows: Firstly for the discharge of the expenses, payments, levies and obligations that have been incurred by the Trustee, imposed on it, or caused by virtue or as a result of actions for implementing the trust, or otherwise, or in another connection with the terms and conditions of this deed, including its remuneration (on condition that the Trustee shall not receive double remuneration both from the Company and also from the debenture holders). Secondly – in order to pay holders of the Debentures (Series B) the arrear interest due to them pursuant to the terms and conditions of the Debentures (Series B) and subject to the conditions of linkage contained in the Debentures (Series B) pro rata and proportionately to the amount of interest in arrear which is due to each of them, without any preference or prior right in respect of any of them; thirdly – in order to pay holders of the Debentures (Series B) the amounts of the principal that are due to them in accordance with the Debentures (Series B) held by them, pro rata and subject to the conditions of linkage contained in the Debentures (Series B), whether or not the due date for payment of the amounts of principal have arrived and pro rata to the amounts due to them, without any preference in regard to priority in time of the issue of the Debentures (Series B) by the Company, or otherwise, and the surplus, if there should be such, shall be paid by the Trustee to the Company or to its successors-in-title. Payment of the amounts by the Trustee to holders of the Debentures (Series B) is subject to the rights of other creditors of the Company, if there are such.
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Distribution of receipts. All receipts received by the Trustee as a result of procedures taken, if taken against the Company, will be held by him in trust and will serve him for the purposes and in the order of priority listed below: Firstly to the clearing of the expenses, the payments, the levies and commitments that were made by the Trustee, imposed on him, or were incidentally caused as a result of activities executed by the Trusteeship or in any other manner in another connection with the conditions of this deed, Including his fee; secondly – in order to pay the (A Series) Bond Holders the delay in interest owed them according to the conditions of the (A Series) Bonds pari passu and in a manner relative to the amount owed to each one of them with no showing of priority concerning which of them; thirdly – in order to pay the (A Series) Bond Holders the amount owed from the Fund owed to them according to the (A Series) Bond held by them pari passu and this whether it is time to clear the Fund amounts or not an in a manner relative to the amounts owed to the, without and preference to the precedence of time in the expense of the (A Series) Bond or in any other manner, and the surplus, if there is any, will be paid by the Trustee to the Company or its alternatives. The payment of amounts by the Trustee to the (A Series) Bond Holders is subject to the other Company’s creditor’s rights if there are any.
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Distribution of receipts. (1) The receipts from the sale of the sureties is to be applied according to the following ranking order: a) to pay off costs, any taxes and other expenses, which arise through the administration of the sureties, as well as the compensation to the Pool Leader (§9) and to the fees, commissions, easts [sic]1, and other expenses of the Pool Leader in its capacity as Agent in connection with the Consortium Credit Agreement. b) for settlement of the amounts owed to the Banks from interest owed that is due or not paid, which are the result of the credits in accordance with § 1 (1) and indeed of the same rank as the credit used resulting from the interest owed; c) for the settlement of amounts owed to the Banks from the credit granted in accordance with § 1 (1) and indeed of the same rank as the credit used after the balance equalization in accordance with § 7, where only those amounts owed are to be taken as a basis for calculation of the distribution key, which do not exceed the credit lines mentioned in § 1 (1). (2) Discount credits are deemed to have been used only if a deficiency is determined; guarantees, acceptance credits and Letters of Credit, to the extent that payment has been made under them. Claims from derivative transactions/Swaps are included if a liquidation of each transaction has been completed in accordance with § 7. (3) If the amount of the monies owed that is to be taken into account has not yet been determined at the time of distribution of the receipts, then they will at first not be taken into account in the determination of the ratio of participation in the receipts from the sale. Only when these amounts have definitively been determined will there be a conclusive calculation of the ratio of participation. The changes arising from this or from further balance equalizations performed according to § 7 (5) in the receipts to be distributed to the individual parties to the Agreement are to be equalized among themselves – even where payments have already been made. (4) The Banks have the right to change the above-mentioned distribution key at any time. 1 Translator’s Note: Should probably be “costs” (5) Any receipts no longer needed are to be paid to the firm or to the Third Party Surety Providers in each case, unless the Banks are required to transfer these receipts to a third party who has satisfied one or more Banks (e.g., a guarantor).
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Distribution of receipts. 3.1 On each Distribution Date the Agency and Council shall procure the preparation by the Company of a financial statement which incorporates the following as at such date:- 3.1.1 the Project Expenditure Statement calculated to such date; 3.1.2 details of the financial terms of all Disposals; 3.1.3 a statement of all Receipts received (or to be received in the case of any overage or deferred payments or contingent payments); 3.1.4 any drawing down of Receipts made by the Council in accordance with clause 10.3 of this Agreement; 3.1.5 a calculation of the Council Investment (having regard to the principles set out in paragraph 1 above); 3.1.6 a calculation of the Agency Investment (having regard to the principles set out in paragraph 1 above). 3.2 Receipts will be distributed to the Agency and Council (subject to clause 10.2 and paragraph
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Distribution of receipts. 7. 1 The Receipts shall be distributed in the following order: (1) to SRC's Costs until paid in full; (2) to fund the Costs budgeted by SRC as provided by Secton 6.2; (3) to the Participants and to SRC for its Servicing Fee (as defined in Section 7.2) and to SRC for its share of the Net Receipts (as defined in Section 7.3).
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Distribution of receipts. Out of the moneys which will be received by the Trustee as a result of performing trust acts pursuant to this deed, the Trustee shall first liquidate or retain in its hands an amount which will be sufficient to discharge the expenses, payments, levies and obligations that have been incurred by it or imposed on it or caused in the course of or as a result of actions for executing the trust or in another manner in connection with the conditions of this Deed of Trust, including the Trustee’s remuneration, and shall use the balance in order to pay holders of the Debentures of such series the amounts of the principal, the interest and the linkage differentials (if there are such) which are due to them under the Debentures held by them, pari passu and in a manner proportionate to the amounts which are due to them, and without giving any preference in connection with priority in time of the issue of the Debentures by the Company or otherwise, and the surplus, if there is such, shall be paid by the Trustee to the Company or to its successors-in-title. Payment of the amounts by the Trustee to the Debenture holders as aforesaid, is subject to the equal or preferential rights of other creditors of the Company (if there are such in accordance with everything stated in this Deed of Trust).
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Related to Distribution of receipts

  • Application of Receipts Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 35.5 (Application of receipts; partial payments).

  • Substitution of Receipts At the request of a Holder, the Depositary shall, for the purpose of substituting a certificated Receipt with a Receipt issued through any book-entry system, including, without limitation, DRS/Profile, or vice versa, execute and Deliver a certificated Receipt or deliver a statement, as the case may be, for any authorized number of ADSs requested, evidencing the same aggregate number of ADSs as those evidenced by the relevant Receipt.

  • Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (See Section 4.04 of the Standard Terms)

  • Distribution of Overtime Overtime shall be distributed as equally as feasible among qualified employees customarily performing the kind of work required, and currently assigned to the work unit in which the overtime is to be worked. When the assignment of overtime work causes an unusual burden upon the employee, the employee shall not be required to work overtime unless the absence would cause the Agency to be unable to meet its responsibilities.

  • 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.

  • Distribution of Agreement The Employer agrees to make available to each employee a copy of this Agreement and to provide a copy of the same Agreement to all new employees entering the employment of the Employer.

  • Distribution of UDP and TCP queries DNS probes will send UDP or TCP “DNS test” approximating the distribution of these queries.

  • Distribution of Payments On and after the Effective Date, the Agent shall make all payments under the Loan Documents in respect of each Assigned Interest (a) in the case of amounts accrued to but excluding the Effective Date, to Assignor and (b) otherwise, to Assignee.

  • Distribution of Contract Within forty-five (45) days after the execution of this contract, the District shall print or duplicate and provide without charge a copy of this contract to every employee in the bargaining unit, plus ten (10)

  • Collection and Allocation of Receivable Payments The Servicer shall make reasonable efforts to collect all payments called for under the Receivables as and when the same shall become due and shall follow its Servicing Procedures. The Servicer shall allocate collections between principal and interest in accordance with its Servicing Procedures. Without limiting the generality of the preceding or Section 4.1, the Servicer may grant extensions, rebates, refunds, deferrals, amendments, modifications or adjustments on a Receivable (regardless of whether or not the Receivable is a 180-Day Receivable, subject only to the following proviso) in accordance with its Servicing Procedures; provided, however, that if a Receivable is not a 180-Day Receivable and the Servicer (i) extends the date for final payment by the Obligor of any Receivable beyond the Final Scheduled Maturity Date or (ii) reduces the APR of a Receivable or reduces the aggregate amount of the Scheduled Payments due on any Receivable other than as required by applicable law (including the order of a court of competent jurisdiction), the Servicer may make such modifications to a Receivable but it shall promptly purchase the Receivable from the Issuing Entity in accordance with Section 4.6 (a “Modification Purchase Event”); provided, further, that the Servicer shall not make a modification described in the preceding clause (i) or (ii) that would trigger a Modification Purchase Event for the sole purpose of purchasing a Receivable from the Issuing Entity. The Servicer may, in accordance with its Servicing Procedures, waive any late payment charge or any other fees that may be collected in the ordinary course of servicing a Receivable. Subject to the proviso of the third sentence of this Section 4.2, the Servicer and its Affiliates may engage in any marketing practice or promotion or any sale of any products, goods or services to Obligors with respect to the Receivables so long as such practices, promotions or sales are offered to obligors of comparable equipment receivables serviced by the Servicer for itself or others, whether or not such practices, promotions or sales might result in a decrease in the aggregate amount of payments on the Receivables, prepayments or faster or slower timing of the payment of the Receivables. The Servicer and its Affiliates may also sell insurance or debt cancellation products, including products which result in the cancellation of some or all of the amount of a Receivable upon the death or disability of an Obligor or any casualty with respect to the Financed Equipment. Notwithstanding anything in this Agreement to the contrary, the Servicer and its Affiliates may refinance any Receivable and deposit an amount equal to the Purchase Amount for such Receivable into the Collection Account. The receivable created by such refinancing shall not be property of the Issuing Entity, and related Financed Equipment and any part of the Receivables Files and other CNHCR Assets related to such Receivable shall be released to the Servicer or its Affiliate and shall no longer be subject to the terms hereof or the Indenture; provided further, that any security interests in favor of the Issuing Entity or the Indenture Trustee hereunder or under the Indenture in the related Financed Equipment and any other CNHCR Assets related to such Receivable shall be deemed released upon such deposit. The parties hereto intend that the Servicer and its Affiliates will not refinance a Receivable pursuant to this Section 4.2 in order to provide direct or indirect assurance to the Depositor, the Indenture Trustee, the Trustee, the Noteholders, or the Certificateholder, as applicable, against loss by reason of the bankruptcy or insolvency (or other credit condition) of, or default by, the Obligor on, or the uncollectability of, any Receivable.

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