Lockbox Procedures Sample Clauses

Lockbox Procedures. (a) In the event that either (i) the Tangible Net Worth of CCC is less than two hundred percent (200%) of the amount of the maximum liability under the Guarantee from time to time as of the end of each of three (3) consecutive Accounting Periods, or (ii) the Consolidated Coverage Ratio of CCC is less than 2.3 to 1.0 for each of three (3) consecutive Accounting Periods, or (iii) there is an Event of Default under Section 12.1(a)(i), 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3), 12.1(f), 12.1(g), 12.1(h), 12.1(i), 12.1(k), or 12.1(m) of this Lease, or (iv) there is a default continuing beyond any applicable cure period under Section 12.1(a)(i) or Section 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3) of any Pool Lease (other than this Lease) or any Other Lease with respect to which CCC Limit of Liability under any CCC guarantee applicable to such Other Lease is greater than zero, then, at Landlord's option and upon Notice to Manager and Tenant (the date of such notice, the "LOCKBOX NOTICE DATE"), the procedures set forth in this Section 3.5 shall apply during the period beginning no later than two (2) weeks after the Lockbox Notice Date and continuing thereafter until the first (1st) day of the first (1st) full Accounting Period after (w) the Tangible Net Worth of CCC is at least equal two hundred percent (200%) of the maximum liability under the Guarantee from time to time as of the end of each of three (3) consecutive Accounting Periods, (x) the Consolidated Coverage Ratio of CCC is at least 2.3 to 1.0 for each of three (3) consecutive Accounting Periods, (y) no Event of Default under Section 12.1(a)(i), 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3), 12.1(f), 12.1(g), 12.1(h), 12.1(i), 12.1(k), or 12.1(m) of this Lease has been in effect as of the end of each of three (3) consecutive Accounting Periods, or (z) there has been no default continuing beyond any applicable cure period under Section 12.1(a)(i) or Section 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3) of any Pool Lease (other than this Lease) or any Other Lease with respect to which CCC Limit of Liability under any CCC guarantee applicable to such Other Lease is greater than zero, as of the end of each of three (3) consecutive Accounting Periods (such period, a "LOCKBOX PERIOD"). At any time after the termination of the Guarantee pursuant to Section 10 thereof, a Lockbox Period shall commence pursuant to this subsection (a) only if there is an Event of D...
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Lockbox Procedures. (a) Bank shall establish a unique U.S. Postal Service address (“Lockbox”) to be used for remittances which are to be deposited into a Blocked Deposit Account pursuant to this Agreement (as designated by Lender or Borrower, as the case may be) and shall promptly notify Borrower and Lender in writing of such address. Bank shall have exclusive and unrestricted access to, and use of, the Lockbox for the purpose of handling such remittances in accordance with this Agreement. Bank will collect, open and process for deposit all mail received in the Lockbox in accordance with the procedures set forth on Exhibit A attached hereto. Borrower shall be responsible for all fees associated with the Lockbox and Deposit Account, as may be charged by the Bank pursuant to the Lockbox terms and conditions and its schedule of fees and charges, applicable to customers generally, as may be amended from time to time. (b) The parties agree that items deposited in the Deposit Account shall be deemed to bear the valid and legally binding endorsement of the payee and to comply with all of Bank’s requirements for the supplying of missing endorsements, now or hereafter in effect. As between Borrower and Lender, any deposit made by or on behalf of Borrower into a Blocked Deposit Account shall be deemed deposited into such account when the funds in respect of such deposit shall become collected funds. (c) Bank shall redeposit without advice any item returned for any reason. If any item is returned a second time, Bank will charge the amount of such item and its current standard charge for returned items against the Blocked Deposit Accounts if any such account contains sufficient funds to pay the amount of the returned item and the returned item charges. If the balance in the Blocked Deposit Accounts is not sufficient to pay the amount of the returned item and the returned item charges, Bank shall notify Lender and Borrower. Within five (5) business days of such notification, Borrower agrees to reimburse Bank for same. In the event Borrower does not reimburse Bank, the Bank may charge the amount of such items and charges to any Blocked Deposit Account, provided however, that Lender shall be liable to Bank only for amounts actually paid to Lender which are not recovered by Bank in accordance with the preceding sentence. Bank shall return the item along with the debit advice to Borrower. (d) Bank is granted the further right to debit from the Blocked Deposit Account any amounts deposited the...
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Lockbox Procedures. A) Differences in Amount If the script and numerical amounts themselves do not agree, yet one of these amounts agrees with the invoice amount, credit for the invoice amount. If there is no invoice, or if neither the script or numerical amount agree with the invoice amount, credit for the script amount. B) Checks Marked "Paid-in-Full" Reject these checks C) Correspondence, Orders, Etc., Received Left in original envelope, marked with "correspondence" stamp, and sent to the company, with a copy to CHF as indicated in Mailing Instructions below.
Sample 1
Lockbox Procedures. Differences in Amount If the script and numerical amounts themselves do not agree, yet one of these amounts agrees with the invoice amount, credit for the invoice amount. If there is no invoice, or if neither the script or numerical amount agree with the invoice amount, credit for the script amount.
Sample 1
Lockbox Procedures. (a) In the event that either (i) the Tangible Net Worth of CCC is less than the Minimum Net Worth as of the end of three (3) consecutive Accounting Periods, or (ii) the Consolidated Coverage Ratio of CCC is less than 1.7 to 1.0 for three (3) consecutive Accounting Periods, or (iii) the Tangible Net Worth of CCC is less than two hundred percent (200%) of the amount of the maximum liability under the Guarantee from time to time as of the end of each of three (3) consecutive Accounting Periods, or (iv) there is an Event of Default under Section 12.1(a)(i) or a payment default (continuing beyond any applicable cure period) under any Other Lease subject to the Pooling Agreement, then, at Landlord's option and upon Notice to Manager and Tenant (the date of such notice, the "Lockbox Notice Date"), the procedures set forth in this Section 3.5 shall apply during the period beginning no later than two (2) weeks after the Lockbox Notice Date and continuing thereafter until the first (1st) day of the first (1st) full Accounting Period after (w) the Tangible Net Worth of CCC is at least equal to the Minimum Net Worth as of the end of each of three (3) consecutive Accounting Periods, (x) the Consolidated Coverage Ratio of CCC is at least 1.7 to 1.0 for three (3) consecutive Accounting Periods, (y) the Tangible Net Worth of CCC is at least equal to two hundred percent (200%) of the maximum liability under the Guarantee from time to time as of the end of each of three (3) consecutive Accounting Periods, and (z) no Event of Default under Section 12.1(a)(i) or payment default (continuing beyond any applicable cure period) under any Other Lease subject to the Pooling Agreement has been in effect as of the end of each of three consecutive Accounting Periods (such period, a "Lockbox Period"). (b) Following the Lockbox Notice Date and prior to commencement of the Lockbox Period, Landlord (or, if required by the terms of any Facility Mortgage, any Facility Mortgagee or its agent) shall establish and maintain a cash collateral account at a financial institution mutually acceptable to Landlord and Tenant (the "Lockbox Account"), as a segregated account in the name of Landlord (or, if applicable, the Facility Mortgagee or its agent), into which all revenues of Tenant due from Manager to Tenant or paid by Landlord to Tenant hereunder that are to be held as security for Tenant's obligations under this Lease shall be deposited.
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Lockbox Procedures. (a) Servicer shall cause all mail addressed and delivered to the Lockbox Account to be removed and inspected. If any such mail is something other than a Tenant Payment or contains any notice or other correspondence from the sender of the Tenant Payment, Servicer shall promptly send such letter, documents, notice or other correspondence to Borrower. So long as Servicer's prior consent is obtained, Tenant Payments may be remitted to Servicer by wire transfer. (b) Servicer shall cause all Tenant Payments received to be deposited into the Lockbox Account. Servicer shall maintain the Lockbox Account for the benefit of the Lender and all funds deposited therein shall be for the account of Servicer, subject only to the rights of Lender with respect thereto. Servicer, as Lender's agent, shall have sole and exclusive dominion and coxxxxx over the Lockbox Account, all funds held therein and all proceeds thereof. Borrower shall not have any right thereto or interest therein and shall have no authority to withdraw funds from Lockbox Account. The funds on deposit in Lockbox Account shall be disbursed or applied only as specified in this Agreement.
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Related to Lockbox Procedures

  • Billing Procedures The Supporting Party will xxxx the Protecting Party for actual costs incurred for Assistance by Hire. Reimbursements will be limited to the provisions of the Agreement and the applicable OP, regardless of whether or not it is authorized on the Resource Order or other documentation produced by the incident. Reimbursable costs may include transportation, salary, overtime, per diem and other approved expenses of Supporting agency personnel. Rates and conditions of use for the equipment and personnel are documented in the OP. Parties shall submit a xxxx within 90 days of the incident. Parties must use their own invoice form for billing under this Agreement to avoid any confusion with other services that may have been ordered under other agreements. Invoices must identify Supporting Party’s name, address, and Taxpayer Identification Number (Department only), fire name, order and request number, and xxxx number and amount. Invoice supporting documentation must include description of services performed, period of services performed, and any applicable cost share agreements. Supporting documentation will itemize details of billing, listing personnel, equipment, travel and per diem, aircraft, supplies and purchases as approved in the attached AOP. It will also include itemized deductions for maintenance and repair of equipment. Department invoices will include “Record of Activities” (FSLA-5) and U.S. Forest Service invoices will include transaction register. Invoices for services under this agreement must be sent to: Name: Xxxx Xxxxxx-Xxxxx, ECC Manager Address: 0000 Xxxxxxxxx Xxxxx Xxxx, Xxxxx, Xxx: Xxxxxxxxxx, XX 00000 Telephone: (000) 000-0000 FAX: (000) 000-0000 Email: xxxxxxxxxxxx@xx.xxx.xx Name: Spalding Community Service District Address: 000-000 Xxxxxxxx Xxx Xxxx, Xxxxx, Xxx: Xxxxxxxxxx, XX 00000 Telephone: (000) 000-0000 FAX: (000) 000-0000 Email: xxxxxxxxxxxxx@xxxxxxx.xxx All bills will have a payment due date 30 days upon receipt. Contested Xxxxxxxx: Written notice that a xxxx is contested will be mailed to the Party within 30 days of receipt of the invoice and will fully explain the contested items. Contested items should be resolved no later than 60 days following receipt of the written notice. Parties are responsible for facilitating resolution of contested xxxxxxxx. Billing requirements and rates are documented in the attached OP.

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement. (b) The Seller shall cause all in-store payments to be (i) processed as soon as possible after such payments are received by the Seller but in no event later than the Business Day after such receipt, and (ii) delivered to the Servicer or, if a Daily Payment Event has occurred, deposited in the Collection Account no later than the second Business Day following the date of such receipt. (c) The Seller and the Purchaser shall deliver to the Servicer or, if a Daily Payment Event has occurred, deposit into the Collection Account all Recoveries received by it within two Business Days after the Date of Processing for such Recovery. (d) Any funds held by the Seller representing Collections of Receivables shall, until delivered to the Servicer or deposited in the Collection Account, be held in trust by the Seller on behalf of the Trustee as part of the Trust Estate. (e) The Seller hereby irrevocably waives any right to set off against, or otherwise deduct from, any Collections. (f) The Seller acknowledges that Seller shall not have any right, title or interest in and to any Trust Account.

  • RECOVERY PROCEDURES The nature and severity of any disaster will influence the recovery procedures. One crucial factor in determining how BellSouth will proceed with restoration is whether or not BellSouth's equipment is incapacitated. Regardless of who's equipment is out of service, BellSouth will move as quickly as possible to aid with service recovery; however, the approach that will be taken may differ depending upon the location of the problem.

  • Safety Procedures The Contractor shall: (a) comply with all applicable safety regulations according to Attachment H; (b) take care for the safety of all persons entitled to be on the Site; (c) use reasonable efforts to keep the Site and Works clear of unnecessary obstruction so as to avoid danger to these persons; (d) provide fencing, lighting, guarding and watching of the Works until completion and taking over under clause 10 [Employer's Taking Over]; and (e) provide any Temporary Works (including roadways, footways, guards and fences) which may be necessary, because of the execution of the Works, for the use and protection of the public and of owners and occupiers of adjacent land.

  • Funding Procedures Not later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Loans, each of the Banks will make available to the Agent, at its Head Office, in immediately available funds, the amount of such Bank's Commitment Percentage of the amount of the requested Loans. Upon receipt from each Bank of such amount, and upon receipt of the documents required by ss.ss.11 and 12 and the satisfactIon of the other conditions set forth therein, to the extent applicable, the Agent will make available to the Borrower the aggregate amount of such Loans made available to the Agent by the Banks. The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Loans shall not relieve any other Bank from its several obligation hereunder to make available to the Agent the amount of such other Bank's Commitment Percentage of any requested Loans.

  • New Procedures New procedures as to who shall provide certain of these services in Section 1 may be established in writing from time to time by agreement between the Fund and the Transfer Agent. The Transfer Agent may at times perform only a portion of these services and the Fund or its agent may perform these services on the Fund's behalf;

  • Reply Procedures In connection with any Auction, each Lender holding the relevant Term Loans subject to such Auction may, in its sole discretion, participate in such Auction and may provide the Auction Agent with a notice of participation (the “Return Bid”) which shall be in a form reasonably acceptable to the Auction Agent, and shall specify (i) a discount to par (that must be expressed as a price at which it is willing to sell all or any portion of such Term Loans) (the “Reply Price”), which (when expressed as a percentage of the par principal amount of such Term Loans) must be within the Discount Range and (ii) a principal amount of such Term Loans, which must be in whole increments of $1,000,000 (or, in any case, such lesser amount of such Term Loans of such Lender then outstanding or which is otherwise reasonably acceptable to the Auction Agent) (the “Reply Amount”). Lenders may only submit one Return Bid per Auction, but each Return Bid may contain up to three bids only one of which may result in a Qualifying Bid. In addition to the Return Bid, the participating Lender must execute and deliver, to be held in escrow by the Auction Agent, an Assignment and Assumption with the dollar amount of the Term Loans to be assigned to be left in blank, which amount shall be completed by the Auction Agent in accordance with the final determination of such Lender’s Qualifying Bid pursuant to clause (c) below. Any Lender whose Return Bid is not received by the Auction Agent by the Auction Response Date shall be deemed to have declined to participate in the relevant Auction with respect to all of its Term Loans.

  • Quality Control Procedures The Seller shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program shall include evaluating and monitoring the overall quality of the Seller's loan production and the servicing activities of the Seller. The program is to ensure that the Mortgage Loans are originated and serviced in accordance with Accepted Servicing Standards and the Underwriting Guidelines; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.

  • Auction Procedures The provisions contained in Section 11.10 of the Amended and Restated Bylaws concerning Auction Procedures will be followed by the Fund and, to the extent applicable, the Auction Agent, and the provisions contained therein are incorporated herein by reference in their entirety and shall be deemed to be a part of this Agreement to the same extent as if such provisions were set forth fully herein.

  • Selection Procedures In selecting the Loan Assets to be Pledged pursuant to this Agreement, no selection procedures were employed which are intended to be adverse to the interests of the Lenders.

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