Inadequately Identified Amounts Sample Clauses
The "Inadequately Identified Amounts" clause defines how payments or funds that lack sufficient identifying information are handled within an agreement. Typically, this clause outlines the procedures for dealing with payments that cannot be matched to a specific invoice or account, such as holding the funds in suspense until proper identification is provided or notifying the payer to clarify the payment details. Its core practical function is to ensure that both parties have a clear process for managing ambiguous payments, thereby reducing the risk of misapplied funds and disputes over outstanding balances.
Inadequately Identified Amounts. If the Paying Agent receives any amount that is inadequately or incorrectly identified and the Paying Agent is unable to determine the Account into which such amount is to be credited, the Paying Agent shall notify the Company, the Purchase Money Notes Guarantor and the Collateral Agent of such event and shall request instructions as to the Account into which such amount should be credited. The Paying Agent shall credit such amount to the Collection Account until such time as it receives instructions from the Company (with the written consent of the Purchase Money Notes Guarantor and the Collateral Agent) stating that such amount should be credited to another Account in accordance with this Agreement, in which case it shall credit such amount, if still available, to the Account designated by the Company (with the written consent of the Purchase Money Notes Guarantor and the Collateral Agent).
Inadequately Identified Amounts. If the Paying Agent receives any amount that is inadequately or incorrectly identified and the Paying Agent is unable to determine the Account into which such amount is to be credited, the Paying Agent shall notify the Company, the Initial Member and the Private Owner and shall request instructions as to the Account into which such amount should be credited. The Paying Agent shall credit such amount to the Collection Account until such time as it receives instructions from the Company (with the written consent of the Initial Member) stating that such amount should be credited to another Account in accordance with this Agreement, in which case it shall credit such amount, if still available, to the Account designated by the Company (with the written consent of the Initial Member).
Inadequately Identified Amounts. In the event that the Lender receives notice from the Accounts Bank with respect to any amount which is inadequately or incorrectly identified as to the Project Account into which such amount is to be credited, the Lender shall notify the Borrower of such event and shall consult with the Borrower as to the Project Account into which such amount should be credited. The Lender shall direct the Accounts Bank to credit such amount to the Revenue Account until such time as the Lender and the Borrower agree on which other Project Account should be credited in accordance with the Financing Documents, in which case the Lender shall direct the Accounts Bank to credit such amount to the such other Project Account.
Inadequately Identified Amounts. In the event that the Collateral Agent receives any amount which is inadequately or incorrectly identified as to the Account into which such amount is to be credited, the Collateral Agent shall notify the Administrative Agent of such event and shall request instructions as to the Account into which such amount should be credited. The Collateral Agent shall credit such amount to the Project Revenues Collection Account and segregate and hold such amount in such Account until such time as the Collateral Agent receives instructions from the Administrative Agent stating that such amount should be credited to another Account in accordance with this Agreement, in which case the Collateral Agent shall credit such amount to the Account designated by the Administrative Agent.
Inadequately Identified Amounts. If the Paying Agent receives any amount that is inadequately or incorrectly identified and the Paying Agent is unable to determine the Account into which such amount is to be credited, the Paying Agent shall notify the Company, the Initial Member, the Private Owner , the Purchase Money Notes Guarantor, the Collateral Agent, the NGPMN Agent and the Advance Lender of such event and shall request instructions as to the Account into which such amount should be credited. The Paying Agent shall credit such amount to the Collection Account until such time as it receives instructions from the Company (with the written consent of the Purchase Money Notes Guarantor, the Receiver, the Collateral Agent and the NGPMN Agent) and the Advance Lender stating that such amount should be credited to another Account in accordance with this Agreement, in which case it shall credit such amount, if still available, to the Account designated by the Company (with the written consent of the Purchase Money Notes Guarantor, the NGPMN Agent and the Collateral Agent) and the Advance Lender.
Inadequately Identified Amounts. If the Paying Agent receives any amount that is inadequately or incorrectly identified and the Paying Agent is unable to determine the Account into which such amount is to be credited, the Paying Agent is to notify the Company, the Initial Member, the Private Owner and the PMN Agent and is to request instructions as to the Account into which such amount should be credited. The Paying Agent is to credit such amount to the Collection Account until such time as it receives instructions from the Company (with the written consent of the PMN Agent and the Initial Member) stating that such amount should be credited to another Account in accordance with this Agreement, in which case it is to credit such amount, if still available, to the Account so designated by the Company (with the written consent of the PMN Agent and the Initial Member).
Inadequately Identified Amounts. In the event that the Collateral Agent receives any amount which is inadequately or incorrectly identified as to the Project Account into which such amount is to be credited, the Collateral Agent shall notify the Secured Debt Representatives and each applicable Repauno Entity of such event and shall request instructions from such Repauno Entity, or if a Secured Obligation Event of Default has occurred and is continuing, from the Secured Debt Representative, as to the Project Account into which such amount should be credited. The Collateral Agent shall credit such amount to the Revenue Account until such time as the Collateral Agent receives instructions from the applicable Repauno Entity in accordance herewith stating that such amount should be credited to another Project Account in accordance with the Financing Obligation Documents, in which case the Collateral Agent shall credit such amount to the Project Account designated by such Repauno Entity.
Inadequately Identified Amounts. In the event that the Offshore Collateral Agent or the Onshore Collateral Agent receives any amount which is inadequately or incorrectly identified as to the Account into which such amount is to be credited, the Offshore Collateral Agent or the Onshore Collateral Agent, as the case may be, shall notify the Administrative Agent of such event and shall request instructions as to the Account into which such amount should be credited. The Offshore Collateral Agent shall credit such amount to the Proceeds Account and the Onshore Collateral Agent shall credit such amount to the Onshore Dollars Account (in the case of U.S.$) or to the Onshore Nuevos Soles Account (in the case of Nuevos Soles) until such time as they receive instructions from the Administrative Agent stating that such amount should be credited to another Account in accordance with this Agreement, in which case they shall credit such amount to the Account designated by the Administrative Agent.
Inadequately Identified Amounts. In the event that the Security Trustee receives any amount which is inadequately or incorrectly identified as to the Project Account into which such amount is to be credited, the Security Trustee shall notify the Intercreditor Agent and the Concessionaire of such event and shall request instructions as to the Project Account into which such amount should be credited. The Security Trustee shall credit such amount to the Project Revenue Subaccount of the Project Proceeds Account until such time as the Security Trustee receives instructions from the Concessionaire in accordance herewith stating that such amount should be credited to another Project Account in accordance with the Funding Documents, in which case the Security Trustee shall credit such amount to the Project Account designated by the Concessionaire.
Inadequately Identified Amounts. In the event that the Securities Intermediary receives any amount which is inadequately or incorrectly identified as to the New York Account into which such amount is to be credited, the Securities Intermediary shall notify the Collateral Agent, Apex Metals and the Borrower (or, if an Event of Default shall have occurred and be continuing, the Administrative Agent) of such event and shall request instructions from the Borrower (or, if an Event of Default shall have occurred and be continuing, the Administrative Agent) as to the New York Account into which such amount should be credited. Until such time as the Securities Intermediary receives such instructions, it shall credit such amount to the Apex Metals Account. Upon receiving such instructions, the Securities Intermediary shall credit such amount to the New York Account designated by the Borrower (or if an Event of Default shall have occurred and be continuing, the Administrative Agent).