Payment by Wire Transfer Upon Direction by Certain Holders Sample Clauses

Payment by Wire Transfer Upon Direction by Certain Holders. Notwithstanding any provision of this Trust Agreement or of any Obligation to the contrary, the Trustee shall upon the written direction of any Holder as of the applicable Regular Record Date or Special Record Date, as the case may be, of an Obligation or Obligations in the minimum aggregate principal amount of $1,000,000 make all payments to that Holder of interest on the Obligation or Obligations or any part thereof by wire transfer of federal funds to an account in a bank or trust company organized under the laws of Canada or the United States of America or any state or province thereof designated by such Holder. Any payment of interest Pursuant to such wire transfer shall constitute payment thereof pursuant to, and for all purposes of, this Trust Agreement. Such payment by wire transfer shall be at the expense of the Holder or of the University, as the University may, in each case, elect. **END OF ARTICLE II** ARTICLE III‌
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Related to Payment by Wire Transfer Upon Direction by Certain Holders

  • Withdrawals upon Termination 31.4.1 Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order:

  • Liability for Failure to Stop Payment of Preauthorized Transfers If you order us to stop payment of a preauthorized transfer three (3) business days or more before the transfer is scheduled and we do not do so, we will be liable for your losses or damages.

  • Payments Upon Termination 4.1 The Customer shall pay the Company liquidated damages (total monthly fee as specified in the Sales and Services Agreement x remaining months in the Term) upon the occurrence of any of the following events before the expiry of the Term:

  • Termination by Owner for Convenience (a) The Owner may, at any time, terminate the Contract for the Owner's convenience without cause upon the expiration of 48 hours written notice to the Contractor of such termination.

  • Refund for Withdrawal Due to Non-Delivery of Course The PEI will notify the Student within three (3) working days upon knowledge of any of the following:

  • Cancellation by Us 6.1. In the unlikely event (and where you are not in breach of these terms and conditions) that it is necessary for us to cancel your Booking, we will notify you as soon as possible and we shall endeavour to offer you alternative dates for no extra cost. In the event that no alternative dates are available or you do not accept the alternative dates offered, then we will refund to you any and all Scheduled Payments that you have paid.

  • Liability for Failure to Stop Payment of Preauthorized Transfer If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

  • Termination by Owner The Owner may terminate this Agreement in whole or in part, for the failure of the Consultant to:

  • Actions upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • 342 Termination by Purchaser (a) Purchaser may, by written notice, terminate this Contract, in whole or in part, as described herein,

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