FFF&E WITHDRAWALS Sample Clauses

FFF&E WITHDRAWALS. Upon expiration or termination of the Lease or termination of Tenant's right to possession of the Property, the funds in the FFF&E Account shall automatically and immediately become the property of Landlord, and Tenant shall not thereafter be permitted to make any further withdrawals from the FFF&E Account. Within thirty (30) days after the establishment of the FFF&E Account, Tenant shall obtain and deliver to Landlord a letter or other written acknowledgment from the commercial bank(s) at which the FFF&E Account is established, whereby such bank(s) acknowledge and agree that upon receipt by such bank(s) of a certificate executed by an officer of Landlord stating, in substance, that this Lease has expired or been terminated, or that Tenant's right to possession of the Property has been terminated, such bank(s) (i) shall not permit any further withdrawals by Tenant of any funds in the FFF&E Account, and (ii) shall deliver all funds in the FFF&E Account to Landlord within thirty (30) days thereafter. Tenant agrees that Tenant shall not object to such delivery of such funds to Landlord.
Sample 1
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FFF&E WITHDRAWALS. Upon expiration or termination of the Lease or termination of Tenant’s right to possession of the Facility, the funds in the Cap Ex Account shall automatically and immediately become the property of Landlord, and Tenant shall not thereafter be permitted to make any further withdrawals from the Cap Ex Account.
Sample 1

Related to FFF&E WITHDRAWALS

  • In-Service Withdrawals If elected in the Adoption Agreement, an Employer may elect to permit a Participant in the Plan to make an in-service withdrawal, subject to any limitation(s) specified in the Adoption Agreement.

  • Plan Withdrawals The Borrower or any member of the Controlled Group as employer under a Multiemployer Plan shall have made a complete or partial withdrawal from such Multiemployer Plan and the plan sponsor of such Multiemployer Plan shall have notified such withdrawing employer that such employer has incurred a withdrawal liability in an annual amount exceeding $1,000,000;

  • Withdrawals Each of the Members does hereby covenant and agree that it will not withdraw, resign, retire or disassociate from the Company, except as a result of a Transfer of its entire Interest in the Company permitted under the terms of this Agreement and that it will carry out its duties and responsibilities hereunder until the Company is terminated, liquidated and dissolved under Section 13. No Member shall be entitled to receive any distribution or otherwise receive the fair market value of its Interest in compensation for any purported resignation or withdrawal not in accordance with the terms of this Agreement.

  • Permissible Withdrawals The Servicer may make withdrawals from each related Custodial P&I Account solely for the following:

  • Partial Withdrawals At any time any Holder shall be entitled to request a withdrawal of such portion of the Interest held by such Holder as such Holder shall request.

  • Deposits and Withdrawals Each person when depositing such securities or similar investments in or withdrawing them from a Securities Depository or when ordering their withdrawal and delivery from the safekeeping of the Custodian, shall comply with the requirements of Rule 17f-2(e).

  • Hardship Withdrawals Hardship withdrawals, as provided for in paragraph 6.9 of the Basic Plan Document #04, [X] are [ ] are not permitted.

  • Transfers and Withdrawals 26 Section 11.1 Transfer......................................................... 26 Section 11.2 Limited Partners' Rights to Transfer............................. 26 Section 11.3

  • Permitted Withdrawals From Escrow Account Withdrawals from the Escrow Account or Accounts may be made by the Servicer only:

  • Permitted Withdrawals From Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

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