Note Payment Fund Sample Clauses

Note Payment Fund. (a) The Governmental Lender and the Borrower shall have no interest in the Note Payment Fund or the moneys therein, which shall always be maintained by the Fiscal Agent completely separate and segregated from all other moneys held hereunder and from any other moneys of the Governmental Lender and the Borrower.
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Note Payment Fund. (a) DEPOSITS TO THE NOTE PAYMENT FUND. There shall be deposited into the Note Payment Fund, all Recoveries of Principal received by the Indenture Trustee and any moneys transferred thereto from the Collection Fund pursuant to Section 5.05 hereof, from the Capitalized Interest Fund pursuant to Section 5.03 hereof and from the Reserve Fund pursuant to Section 5.08 hereof. Amounts transferred to the Note Payment Fund (i) representing any Class A-1 Notes Interest Distribution Amount on the Class A-1 Notes or any Counterparty Payments on a Derivative Product corresponding to the Class A-1 Notes, including the LIBOR Interest Rate Cap Derivative Agreement, to be deposited to the Class A-1 Interest Account shall be deposited to the Class A-1 Interest Account, (ii) representing any Class A-2 Notes Interest Distribution Amount on the Class A-2 Notes or any Counterparty Payments on a Derivative Product corresponding to the Class A-2 Notes, including the LIBOR Interest Rate Cap Derivative Agreement, to be deposited to the Class A-2 Interest Account shall be deposited to the Class A-2 Interest Account, (iii) representing any Class A-3 Notes Interest Distribution Amount on the Class A-3 Notes or any Counterparty Payments on a Derivative Product corresponding to the Class A-3 Notes, including the LIBOR Interest Rate Cap Derivative Agreement, to be deposited to the Class A-3 Interest Account shall be deposited to the Class A-3 Interest Account, (iv) representing any Class A-4 Notes Interest Distribution Amount on the Class A-4 Notes or any Counterparty Payments on a Derivative Product corresponding to the Class A-4 Notes, including the LIBOR Interest Rate Cap Derivative Agreement, to be deposited to the Class A-4 Interest Account shall be deposited to the Class A-4 Interest Account, (v) representing any Class A-5a Notes Interest Distribution Amount and any Reset Rate Notes Carry-over Amount (or, if the Class A-5a Notes have been reset to bear interest at an Auction Rate pursuant to Section 2.01(f) of Appendix A hereto, an amount equal to any Auction Rate Notes Carry-over Amount) (and any accrued interest thereon) on the Class A-5a Notes or any Counterparty Payments on a Derivative Product corresponding to the Class A-5a Notes shall be deposited to the Class A-5a Interest Account, (vi) representing any Class A-5b Notes Interest Distribution Amount and any Auction Rate Notes Carry-over Amount (and interest thereon) on the Class A-5b Notes or any Counterparty Payments on a D...
Sample 1
Note Payment Fund. The Issuer shall create the Payment Fund on or before the Date of Issuance and shall fund the Payment Fund in an amount equal to fifty percent (50%) of the Required Amount by April 30, 2005, and the remaining fifty percent (50%) of the Required Amount by May 31, 2005.
Sample 1

Related to Note Payment Fund

  • Payment Fund “Payment Fund” is defined in Section 2.6(a) of the Agreement.

  • Investment of Payment Fund The Paying Agent shall invest the cash included in the Payment Fund as directed by Parent. Any interest and other income resulting from such investments shall be paid as directed by Parent. To the extent that there are losses with respect to such investments, Parent shall promptly replace or restore the portion of the Payment Fund lost through investments so as to ensure that the Payment Fund is maintained at a level sufficient to make such payments.

  • Note Payments The Company agrees that, so long as any Purchaser shall hold any Note, it will make payments of principal of, interest on, and any Yield-Maintenance Amount payable with respect to, such Note, which comply with the terms of this Agreement, by wire transfer of immediately available funds for credit (not later than 12:00 noon, New York City local time, on the date due) to (i) the account or accounts of such Purchaser specified in the Purchaser Schedule attached hereto in the case of any Series A Note, (ii) the account or accounts of such Purchaser specified in the Confirmation of Acceptance with respect to such Note in the case of any Shelf Note or (iii) such other account or accounts in the United States as such Purchaser may from time to time designate in writing, notwithstanding any contrary provision herein or in any Note with respect to the place of payment. Each Purchaser agrees that, before disposing of any Note, it will make a notation thereon (or on a schedule attached thereto) of all principal payments previously made thereon and of the date to which interest thereon has been paid. The Company agrees to afford the benefits of this paragraph 11A to any Transferee which shall have made the same agreement as the Purchasers have made in this paragraph 11A.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Termination of Payment Fund Any portion of the Payment Fund (including any interest received with respect thereto) that remains undistributed to the holders of Common Shares for one year after the Effective Time shall be delivered to Parent (or its designee), and any holder of Common Shares who has not theretofore complied with this Article II shall thereafter look only to Parent (subject to abandoned property, escheat or other similar Laws) for payment of its claim for Merger Consideration without any interest thereon.

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