MONTHLY REMITTANCES Clause Samples
The Monthly Remittances clause requires one party to regularly transfer payments to another party on a monthly basis. Typically, this involves the collection and calculation of amounts owed—such as fees, royalties, or other recurring payments—followed by their timely remittance each month, often accompanied by a statement or report detailing the calculation. This clause ensures a predictable and structured flow of funds, helping both parties manage cash flow and maintain financial transparency throughout the duration of their agreement.
MONTHLY REMITTANCES. (a) On each Interim Remittance Date, the Company shall remit to the Owner all collections of principal and interest received with respect to the Warehouse Mortgage Loans and Special Warehouse Mortgage Loans from the period beginning on the day after the previous Fiscal Month End and ending on the sixteenth (16th) day of the calendar month of such remittance. Such remittance shall not include payments relating to Warehouse Mortgage Loans and Special Warehouse Mortgage Loans that were paid in accordance with Section 6.01.
(b) On each Fiscal Month Remittance Date, the Company shall remit to the Owner all collections of principal and interest received with respect to the Warehouse Mortgage Loans and Special Warehouse Mortgage Loans from the period beginning on the seventeenth (17th) day of the calendar month relating to such remittance and ending on the Fiscal Month End of such month. Such remittance shall not include payments relating to Warehouse Mortgage Loans and Special Warehouse Mortgage Loans that were paid in accordance with Section 6.01.
(c) On each Portfolio Remittance Date, the Company shall distribute to the Owner with respect to all Portfolio Mortgage Loans and Special Portfolio Mortgage Loans: (i) all amounts due on the Due Date immediately preceding that Portfolio Remittance Date; plus (+) (ii) any Principal Prepayments received during the related Principal Prepayment Period; plus (+) (iii) any related Prepayment Interest Shortfalls.
MONTHLY REMITTANCES. The Town will, at the time of making such remittances, enclose a list of such employees from whose pay cheque such deductions are made.
MONTHLY REMITTANCES. The Employer shall remit dues electronically, on a form prescribed by the Union, and shall include on such remittance the following information for each employee:
a) first, middle and last name b) classification c) rate of hourly pay, including hourly premiums d) gross earnings e) total regular and overtime hours worked in the month for which such deductions are made
MONTHLY REMITTANCES. So long as:
(1) the Seller is the Collector, and
(2) the rating assigned to the long term debt of Chrysler Financial by ▇▇▇▇▇'▇ is at least Baa3 (or its then equivalent), (each of the foregoing, a "Monthly Remittance Condition"), then the Collector may remit all Collections and Net Proceeds received by the Collector during a Settlement Period (collectively, the "Monthly Receipts") to the accounts to which such Monthly Receipts are required to be deposited hereunder on the related Settlement Date. Pending such deposit, the Collector shall continue to hold all Monthly Receipts in trust for the Purchaser, but so long as each Monthly Remittance Condition continues to be satisfied, the Collector shall be authorized to commingle such Monthly Receipts with its own funds and make use of such Monthly Receipts at its own risk and for its own benefit as it sees fit.
MONTHLY REMITTANCES. The timely remittance of Employer contributions and Employee deductions required in accordance with this Agreement is essential for the protection of the Employees and other beneficiaries.