Outstanding Debt Amount Sample Clauses

Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, Hospital shall be entitled to rely on a certificate of Agent as to the Debt Amount outstanding at any relevant time. (b) If a receipt or other acknowledgement is given by Agent acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge Hospital's obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed.
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Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, Hospital shall be entitled to rely on a certificate of Lender as to the Debt Amount outstanding at any relevant time. Hospital agrees that any dispute that Project Co and Contractor may have with such amount shall be dealt with as between them and the Lender and Hospital shall not make any deduction from the Debt Amount by reason of any such dispute except in the case of manifest error. If as the result of any such dispute it is determined that the Lender has been overpaid, any such overpayment shall be returned to Hospital. (b) If a receipt or other acknowledgement is given by ▇▇▇▇▇▇ acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge Hospital's obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed.
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Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, OIPC shall be entitled to rely on a certificate of Agent as to the Debt Amount outstanding at any relevant time. (b) If a receipt or other acknowledgement is given by Agent acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge OIPC's obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed
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Related to Outstanding Debt Amount

  • Outstanding Debt CONTRACTOR shall have no outstanding debt with COUNTY, or shall be in the process of resolving outstanding debt to ADMINISTRATOR’s satisfaction, prior to entering into and during the term of this Contract.

  • Outstanding Indebtedness For the avoidance of doubt, to the extent that any Indebtedness is repaid, redeemed, repurchased, defeased or otherwise acquired, retired or discharged, in each case, in accordance with the terms of the documentation governing such Indebtedness, such Indebtedness shall be deemed to be paid off and not to be outstanding for any purpose hereunder to the extent of the amount of such repayment, redemption, repurchase, defeasance, retirement or discharge.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Outstanding Stock All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessable.

  • Loan Amount 5. ACCOUNT NAME(S) ............................................................................................................................................................................. BANK NAME / BRANCH ..................................................................................................................................................................