Funding of Accounts. (a) The Financial Proceeds received by the Trust in 2010 shall be allocated among the Accounts as follows:
(i) $15,000 shall be added to the capital of the Claims Account,
(ii) $700,000 shall be added to the capital of the Heritage Capital Account, and
(iii) The balance shall be added to the capital of the Community Development Account.
(b) The Financial Proceeds received by the Trust each fiscal year after 2010 shall be allocated to the Accounts as follows:
(i) an amount, if any, necessary to bring the balance of the Claims Account up to $15,000 shall be added to the capital of the Claims Account,
(ii) an amount equal to the aggregate of (i) 35% of the Financial Proceeds received in the fiscal year plus (ii) the product obtained when the Defined Interest Rate for the preceding fiscal year is multiplied by the balance in the Heritage Capital Account at the end of the preceding fiscal year, shall be added to the capital of the Heritage Capital Account,
(iii) an amount equal to the product obtained when the Defined Interest Rate for the preceding fiscal year is multiplied by the balance in the PDC Account at the end of the preceding fiscal year, shall be added to the capital of the PDC Account, and
(iv) the balance of the Financial Proceeds received in the fiscal year shall be added to the capital of the Community Development Account.
(c) Any Predetermined Compensation received by the Trust shall be added to the capital of the PDC Account.
(d) Any gifts or contributions received by the Trust other than under the Agreement shall be added to the capital of the Heritage Capital Account or Community Development Account as specified by the donor, and if not specified, as determined by the Trustees.
(e) Any other money or property received by the Trust not specifically dealt with in this Indenture shall be added to the capital of the Heritage Capital Account or Community Development Account as specified by the donor, and if not specified, as determined by the Trustees.
Funding of Accounts. The Trustees shall direct Manitoba to fund the Community Development Account and the Claims Account on the following basis:
(a) $10,000 of the first payment of Financial Proceeds received shall be added to the capital of the Claims Account. When the Claims Account is depleted, the Trustees may direct Manitoba to fund the Claims Account by depositing some or all of subsequent payments of Financial Proceeds to the Claims Account or by transferring Trust Funds from the Community Development Account to the Claims Account in an amount or amounts determined by the Trustees to be necessary to pay Claims;
(b) $315,000 of the first payment of Financial Proceeds and subject to Article 11.5(a), all subsequent payments of Financial Proceeds received shall be added to the capital of the Community Development Account; and
(c) any gifts or contributions received by the Trust other than under the Agreement shall be added to the capital of the Community Development Account.
Funding of Accounts. Parent shall promptly provide the funds requested by Manager pursuant to Section 4.8.1 and shall cause to be maintained sufficient funds in the Trust Operating Account to enable Manager to pay all Operating Expenses and Performance Expenses in a timely manner. Parent shall also promptly provide the funds requested by Manager pursuant to Section 5.7.1 b.
Funding of Accounts. The Servicing Agent shall submit all Accounts ------------------- to the appropriate Credit Card Issuer or Processing Agent in accordance with the Xxxxxxxx'x Deferred Billing Program. On the applicable Deferred Billing Maturity Date, Servicing Agent shall submit the Accounts to the Credit Card Issuer on behalf of ADS. Failure of the Servicing Agent to submit the Accounts to the Credit Card Issuer on the applicable Deferred Billing Maturity Date shall entitle ADS to exercise its rights under the Processing Assignments. Servicing Agent shall instruct and cause each Credit Card Issuer and the Processing Agent to forward the funds for each Account to ADS at a deposit account of ADS maintained at The Huntington National Bank.
Funding of Accounts. (a) The Company shall have funded the Supplemental Debt Service Reserve Account, or the Funds Flow Memorandum shall reflect that the Supplemental Debt Service Reserve Account will be funded on the Closing Date in such amount with proceeds of the issuance of the Notes hereunder, in an amount equal to at least $2,625,101.
(b) The Company shall have funded the Debt Service Reserve Account or such account shall have been deemed funded by the delivery of a letter of credit satisfying the requirements set forth in the Depositary Agreement, or the Funds Flow Memorandum shall reflect that the Debt Service Reserve Account will be funded on the Closing Date in such amount with proceeds of the issuance of the Notes hereunder, in an amount equal to at least $3,202,000.
Funding of Accounts. Evidence reasonably satisfactory to the Administrative Agent that (a) an amount of no less than $122,000,000 has been, or will be on the Closing Date, deposited in the Interest Escrow Account, (b) the Closing Company Equity Contribution has been deposited into the Company Equity Account, (c) the Pre-Closing Equity Contribution has been used to pay for Project Costs in conformance with the Project Budgets, and (d) the aggregate amount of the Closing Company Equity Contribution and the Pre-Closing Company Equity Contribution is no less than $430,000,000.
Funding of Accounts. The Parties shall set aside and contribute equally the funds needed for Development under this Agreement. The contributions of the Parties shall be dedicated solely for Development under this Agreement and all funds drawn down in accordance with the Development Costs set forth in the Development Plan. All payments and expenses for the Development shall be undertaken and monitored only through the specific bank accounts for Development, in compliance with the Development Costs and Development Plan pre-approved by the JSC. No payment of dividend or any other expenses for the Development under this Agreement shall be permitted from the funds in these dedicated bank accounts. Each Party will fund the respective account established pursuant to Section 3.5(c) on a quarterly basis. Ten (10) days prior to the first day of each calendar quarter, the Company shall deliver a notice to Cipla indicating the Development Costs to be incurred by the Company during such quarter in accordance with the Development Plan approved by the JSC. Within fifteen (15) days of after delivery of such notice, each Party shall fund its respective account established pursuant to Section 3.5(c) with an amount equal to one-half of such Development Costs set forth in the notice.
Funding of Accounts. The Borrower fails to fund the minimum account balance in any of the Interest Payment (Retentions) Account, the Major Maintenance Reserve Account and the Operational Cost Reserve Account as required by the Accounts Agreement at the Closing Date or, thereafter, fails to maintain such account balance at the level required by the Accounts Agreement from time to time.
Funding of Accounts. 17 Section 4.03. Investment of Account Monies..............................................................20 Article V
Funding of Accounts. All Accounts required to be funded on the Closing Date shall have been funded in the amount and manner required pursuant to Section 9.30.
