Participation by Creditors Sample Clauses

Participation by Creditors. Creditors that use SEPA Direct Debit services may optionally participate in the SEDA service. In order to participate, Creditors must enter into the “Agreement for adherence to the SEDA service”, available on the website xxx.xxxxxxxxxx.xx, with the Alignment PSP (which signs the agreement in the name and on behalf of itself and of the Debtor PSPs participating in the SEDA service) and provide the following information:  the Creditor Identifier code(s) that they will use to be uniquely identified within the operations of the SEDA service13;  the operating module of participation in the service (“Basic” module or “Advanced” module) for each of the Creditor Identifier codes indicated;  IBAN of the account held at the Alignment PSP against which the Debtor PSPs participating in the service are allowed to send SEPA Direct Debit collections relating to fees due by the Creditor for using the SEDA service. Participation by Creditors will be noted within specific procedural master data named CRI000, also initially managed by SIA for the reasons already mentioned with respect to the SED000 master data. Creditors that participate in the SEDA service must be included in the CRI000 master data in order to participate in the service. In fact:  SEDA service messages may be exchanged only if those messages come from or are sent to a valid Creditor Identifier code recorded in the CRI000 master data;  the controls established by the SEDA service when receiving SEPA Direct Debit collections are carried out by the Debtor PSPs only if the Creditor Identifier code indicated in the direct debit collection is valid and listed in the CRI000 master data.
Sample 1
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Participation by Creditors. In reorganization, secured creditors are invited to agree to the reor- ganization plan, wherein they have the same rights as any other creditor. In liquidation, secured creditors must have their claims registered within a time limit set by law. Non-compliance with the time limit leads to loss of the priority standing of the secured claim. Secured creditors also may vote to agree to a reorganization plan to avoid winding up of the debtor.
Sample 1

Related to Participation by Creditors

  • Termination of Participation If the Administrator determines in good faith that the Executive no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with ERISA, the Administrator shall have the right, in its sole discretion, to cease further benefit accruals hereunder.

  • Public Participation 79. This Consent Decree shall be lodged with the Court for a period of not less than 30 Days for public notice and comment in accordance with 28 C.F.R. ' 50.7. The United States reserves the right to withdraw or withhold its consent if the comments regarding the Consent Decree disclose facts or considerations indicating that the Consent Decree is inappro- priate, improper, or inadequate. Defendant consents to entry of this Consent Decree without further notice and agrees not to withdraw from or oppose entry of this Consent Decree by the Court or to challenge any provision of the Decree, unless the United States has notified Defendant in writing that it no longer supports entry of the Decree.

  • Voluntary Participation The Grantee’s participation in the Plan is voluntary. The value of the Restricted Stock Units is an extraordinary item of compensation. Unless otherwise expressly provided in a separate agreement between the Grantee and the Company or a Subsidiary, the Restricted Stock Units are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

  • Termination by Participant Participant may terminate the Agreement as follows:

  • Continued Participation If Contractor elects to defend the claim, the City may retain separate counsel to participate in (but not control) the defense and to participate in (but not control) any settlement negotiations.

  • DETERMINATION OF DBE PARTICIPATION A firm must be an eligible DBE and perform a professional or technical function relating to the project. Once a firm is determined to be an eligible DBE, the total amount paid to the DBE for work performed with his/her own forces is counted toward the DBE goal. When a DBE subcontracts part of the work of its contract to another firm, the value of the subcontracted work may be counted toward DBE goals only if the subprovider is itself a DBE. Work that a DBE subcontracts to a non-DBE firm does not count toward DBE goals. A DBE subprovider may subcontract no more than 70% of a federal aid contract. The DBE subprovider shall perform not less than 30% of the value of the contract work with assistance of employees employed and paid directly by the DBE; and equipment owned or rented directly by the DBE. DBE subproviders must perform a commercially useful function required in the contract in order for payments to be credited toward meeting the contract goal. A DBE performs a commercially useful function when it is responsible for executing the work of the contract and is carrying out its responsibilities by actually performing, managing, and supervising the work involved. To perform a commercially useful function, the DBE must also be responsible, with respect to materials and supplies used on the contract, for negotiating price, determining quality and quantity, ordering the material, and installing (where applicable) and paying for the material itself . When a DBE is presumed not to be performing a commercially useful function, the DBE may present evidence to rebut this presumption. A Provider may count toward its DBE goal a portion of the total value of the contract amount paid to a DBE joint venture equal to the distinct, clearly defined portion of the work of the contract performed by the DBE. Proof of payment, such as copies of canceled checks, properly identifying the Department’s contract number or project number may be required to substantiate the payment, as deemed necessary by the Department.

  • Termination by Us We may terminate this Contract with 30 days’ written notice as follows:

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