Handling of Payments Sample Clauses

Handling of Payments. Reservation forms must be accompanied by a personal or business check or money order for all amounts due before the time slot is booked and the reservation is confirmed. The checks for the usage fee will all be deposited into a CCL bank account. The check for the deposit will be held and returned within thirty
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Handling of Payments. In the event an Event of Default shall occur and be continuing and the Grantor (or any of its affiliates, subsidiaries, stockholders, directors, officers, employees or agents) shall receive any proceeds of Collateral, including without limitation monies, checks, notes, drafts or any other items of payment, the Grantor shall hold all such items of payment in trust for the Mortgagee and as the property of the Mortgagee, separate from the funds of the Grantor and no later than the first Business Day following the receipt thereof, at the election of the Mortgagee, the Grantor shall cause the same to be forwarded to the Mortgagee for its custody and possession as additional Collateral.
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Handling of Payments. Payment transactions in connection with this credit contract shall be handled through the consortium leader. Payments shall be made in Duesseldorf at the aforementioned business premises of the consortium leader. The Borrower may also make payments with debt-releasing effect towards all consortium banks to the following account of the consortium leader: Account number 0000000 Deutsche Bank AG Dusseldorf Bank routing number 00000000 in this connection, the intended purpose shall be identified. In principle, disbursements of the credit shall be made to the Borrower’s account no. 0000000 with the consortium leader.
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Handling of Payments. Reservation forms must be accompanied by a personal or business check or money order for all amounts due before the time slot is booked and the reservation is confirmed. The checks for the usage fee will all be deposited into a CCL bank account. The check for the deposit will be held and returned within thirty (30) business days following the event date. In the event the security deposit needs to be retained, check will be deposited into a CCL bank account and will be refunded to the user less any funds retained for damage, clean-up or extra Attendant fees for staying beyond the reserved time. A letter of explanation will accompany any retainage from the deposit. Under the Usage Agreement, the user's liability is not limited to the amount of the security deposit.
Sample 1
Handling of Payments. In the event an Event of Default shall occur and be continuing and the Grantor (or any of its affiliates, subsidiaries, stockholders, directors, officers, employees or agents) shall receive any proceeds of Collateral, including without limitation monies, checks, notes, drafts or any other items of payment, the Grantor shall hold all such items of payment in trust for the Mortgagee, for the benefit of the Lenders, and as the property of the Mortgagee, for the benefit of the Lenders, separate from the funds of the Grantor, and no later than the first Business Day following the receipt thereof, at the election of the Mortgagee, the Grantor shall cause the same to be forwarded to the Mortgagee for its custody and possession on behalf of the Lenders as additional Collateral.
Sample 1
Handling of Payments. Reservation forms must be accompanied by a personal or business check or money order for all amounts due before the time slot is booked and the reservation is confirmed. The checks for the usage fee will all be deposited into a SRHOA bank account. The check for the deposit will be held and returned within 30 business days following the event date. In the event the security deposit needs to be retained, check will be deposited into a SRHOA bank account and will be refunded to the user less any funds retained for damage, clean-up or extra attendant fees for staying beyond the reserved time. A letter of explanation will accompany any retainage from the deposit. Under the Use Agreement, the user’s liability is not limited to the amount of the security deposit.
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Related to Handling of Payments

  • Sharing of Payments If, other than as expressly provided elsewhere herein (including, without limitation, in Section 10.07), any Lender shall obtain on account of the Loans made by it any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations in the Loans made by them as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such Loans or such participations, as the case may be, pro rata with each of them; provided that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon. Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by applicable Law, exercise all its rights of payment (including the right of setoff, but subject to Section 10.09) with respect to such participation as fully as if such Lender were the direct creditor of Borrower in the amount of such participation. Each Lender that purchases a participation pursuant to this Section 2.10 shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased.

  • Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to Transactions entered into under this Agreement unless otherwise specified in a Confirmation.

  • Sharing of Payments, Etc If any Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) on account of the Advance owing to it (other than pursuant to Section 2.09, 2.12 or 8.04(c)) in excess of its ratable share of payments on account of the Advances obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such participations in the Advances owing to them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery together with an amount equal to such Lender's ratable share (according to the proportion of (a) the amount of such Lender's required repayment to (b) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.13 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of setoff) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation.

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