Pay Over of Monies Sample Clauses

Pay Over of Monies. In the event that the County receives any payment or property on or under the Subordinate Debts whether condemnation, insurance proceeds or in violation of the terms of this Agreement, such payments shall be held in trust by the County, and it will forthwith pay over or deliver the same to the Credit Union to be held by Credit Union as cash collateral securing the Credit Union Note or applied to the Credit Union Note.
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Pay Over of Monies. In the event that any Subordinate Lender receives any payment of the Subordinate Lender Loans in violation of the terms of this Agreement, such payments shall be held in trust by said Subordinate Xxxxxx and said Subordinate Lender will forthwith pay over or deliver the same to the Bank for application to the Bank Loan.
Sample 1

Related to Pay Over of Monies

  • Sufficiency of Moneys The Recipient has sufficient moneys in addition to those granted to Recipient pursuant to Section II of this Agreement to fund the Project to completion;

  • Payment of Monthly Bills 2.2.1 The Buying Entity shall pay the amount payable under the Monthly Bill on or before the Due Date i.e. within 30 days of presentation of bill within official hours, to such account of SECI, as shall have been previously notified to the Buying Entity in accordance with Article 2.2.2 below.

  • Certification of Meeting or Exceeding Tobacco-Free Workplace Policy Minimum Standards A. Grantee certifies that it has adopted and enforces a Tobacco-Free Workplace Policy that meets or exceeds all of the following minimum standards of:

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