Payment of Base Payments Sample Clauses

Payment of Base Payments. Subject to an Event of Nonappropriation as described in Section 4.7 hereof, on or before the 15th day prior to each Payment Date during the period this Facilities Agreement is in effect, the County shall pay to the Trustee, as assignee of the Corporation, Base Payments exclusively from moneys specifically budgeted and appropriated for such purpose as provided in Section 4.1(b)(ii) herein in lawful money of the United States of America, which payments shall be made to the Trustee as assignee of this Facilities Agreement, in the amounts and on the dates set forth on Exhibit C hereto. (i) Each payment of Base Payments shall be in consideration for the conveyance of title to an undivided interest in the Project Facilities as and to the extent provided in Section 2.1 hereof. As further consideration for the receipt of Base Payments, the County shall be entitled to the use and occupancy of all of the Real Property and the Project Facilities during the applicable Fiscal Year in which such payments are made, subject to the provisions of Section 8.2 hereof. (ii) Subject to the right of the County to terminate this Facilities Agreement pursuant to Section 4.7 herein, the County covenants that it will enact by June 30 of each year a budget providing for the appropriation of funds sufficient from the millage levied by the County for the College (or a debt service budget providing for the issuance of general obligation bonds or other legally permissible debt at such time and in a principal amount sufficient) to make Acquisition Payments coming due in the next succeeding Fiscal Year, and, subject to such Section 4.7, apply such funds and/or proceeds to the payment of Acquisition Payments coming due in the then current Fiscal Year.
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Payment of Base Payments. Subject to an Event of Nonappropriation as described in Section 4.7 hereof, on or before the fifth day prior to each Bond Payment Date during the period this Facilities Agreement is in effect, the City shall pay to the Purchaser, as assignee of the Corporation, Base Payments exclusively from moneys specifically budgeted and appropriated for such purpose in lawful money of the United States of America, which payments shall be made to the Purchaser as assignee of this Facilities Agreement, in the amounts set forth on Exhibit C hereto. Each payment of Base Payments shall be in consideration for the conveyance of title to an undivided interest in the Project Facilities as and to the extent provided in Section 2.1 hereof. As further consideration for the receipt of Base Payments, the City shall be entitled to the use and occupancy of all of the Real Property and the Project Facilities during the applicable Fiscal Year in which such payments are made, subject to the provisions of Section 8.2 hereof.
Sample 1
Payment of Base Payments. Subject to an Event of Nonappropriation as described in Section 4.7 hereof, on or before the 20th day prior to each Bond Payment Date during the period this Purchase and Use Agreement is in effect, the School District shall pay to the Trustee as assignee of the Corporation, Base Payments exclusively from moneys specifically budgeted and appropriated for such purpose in lawful money of the United States of America, which payments shall be made to the Trustee as assignee of this Purchase and Use Agreement, in the amounts set forth on Exhibit D hereto. Each payment of Base Payments shall be in consideration for the conveyance of title to an undivided interest in the 2013 Facilities as and to the extent provided in Section 2.1 hereof. As further consideration for the receipt of Base Payments, the School District shall be entitled to the use and occupancy of all of the 2013 Facilities during the applicable Fiscal Year in which such payments are or will be made.
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Payment of Base Payments. (i) Subject to an Event of Nonappropriation as described in Section 4.7 hereof, on or before the 15th day prior to each Note Payment Date during the period this Facilities Agreement is in effect, the City shall pay to the Lender, as assignee of the Corporation, Base Payments exclusively from moneys specifically budgeted and appropriated for such purpose in lawful money of the United States of America in the amounts set forth in Exhibit C hereto. Each payment of Base Payments shall be in consideration for the conveyance of title to an undivided interest in New Facilities as and to the extent provided in Section 2.1 hereof. As further consideration for the receipt of Base Payments, the City shall be entitled to the use and occupancy of all of the New Facilities Real Property and the New Facilities during the applicable Fiscal Year in which such payments are made, subject to the provisions of Section 8.2 hereof.
Sample 1

Related to Payment of Base Payments

  • Lease Payments Tenant agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at month of , 20 or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.

  • PURCHASE PAYMENTS This Contract will not be issued until the initial Purchase Payment shown on the Schedule is received by us and accepted at our Customer Service Center. The initial Purchase Payment is due on the issue date. A receipt will be furnished upon request. Any subsequent Purchase Payments may be made at any time prior to the Annuity Date subject to our requirements at the time the Purchase Payment is made. We reserve the right to modify the requirements. The requirements in effect on the issue date are shown on the Schedule. No benefit associated with any Purchase Payment will be provided until the Purchase Payment is accepted by us at our Customer Service Center. We reserve the right to refuse to accept additional Purchase Payments at any time for any reason. PURCHASE PAYMENT ALLOCATION The initial Purchase Payment will be allocated to the Subaccounts and to the Guaranteed Interest Account as you directed in the application and as indicated on the Schedule. We allocate any subsequent Purchase Payment among the Subaccounts and the Guaranteed Interest Account on the same basis as the initial Purchase Payment unless we receive a Written Notice with new instructions. In states where we are required to refund Purchase Payments during the Free Look Period, that portion of the initial Purchase Payment to be allocated to any Subaccount is allocated to the Fidelity VIP Money Market Subaccount for a period of 15 days from the date that the Contract is mailed from the Customer Service Center. At the expiration of this period, such portion of the Purchase Payment, as adjusted to reflect the investment performance of the Fidelity VIP Money Market Subaccount during this period, is then allocated to the Subaccounts as described above. Form 15208-95 VARIABLE ACCOUNT The Variable Account is an account established by us pursuant to the laws of the State of Texas, to separate the assets funding the variable benefits for the class of Contracts to which this Contract belongs from the other assets of the Company. The Variable Account is registered as a unit investment trust under the Investment Company Act of 1940 (the "1940 Act"). All income, gains and losses, realized or unrealized, from assets allocated to the Variable Account are credited to or charged against the Variable Account without regard to other income, gains or losses of the Company. The assets of the Variable Account are our property, but are separate from our General Account and any other separate account maintained by us. That portion of the assets of the Variable Account which is equal to the reserves and other Contract liabilities with respect to the Variable Account is not chargeable with liabilities arising out of any other business we may conduct. We have the right to transfer to our General Account any assets of the Variable Account that are in excess of such reserves and other liabilities. The Variable Account is divided into Subaccounts, each of which invests in a corresponding Portfolio designed to meet the objectives of the Subaccount. The current Subaccounts are shown on the Schedule. We may, from time to time, subject to review by the SEC and other regulatory authorities:

  • Income Payments Seller shall be entitled to receive an amount equal to all Income paid or distributed on or in respect of the Securities that is not otherwise received by Seller, to the full extent it would be so entitled if the Securities had not been sold to Buyer. Buyer shall, as the parties may agree with respect to any Transaction (or, in the absence of any such agreement, as Buyer shall reasonably determine in its discretion), on the date such Income is paid or distributed either (i) transfer to or credit to the account of Seller such Income with respect to any Purchased Securities subject to such Transaction or (ii) with respect to Income paid in cash, apply the Income payment or payments to reduce the amount, if any, to be transferred to Buyer by Seller upon termination of such Transaction. Buyer shall not be obligated to take any action pursuant to the preceding sentence (A) to the extent that such action would result in the creation of a Margin Deficit, unless prior thereto or simultaneously therewith Seller transfers to Buyer cash or Additional Purchased Securities sufficient to eliminate such Margin Deficit, or (B) if an Event of Default with respect to Seller has occurred and is then continuing at the time such Income is paid or distributed.

  • Base Pay You shall be paid an annual salary ("Base Pay") of $224,000, which shall be payable in equal periodic installments according to the Corporation's customary payroll practices, but no less frequently than monthly, and subject to such withholdings and deductions as required by law. Your Base Pay shall be reviewed in April of each year by the Board of Directors, and any change in Base Pay approved by the Board shall become effective April 1 of the year in which it is approved.

  • EXPENSE PAYMENTS The Owner hereby gives power to the Agent to pay expenses and costs for the Property from the Owner’s funds held by the Agent, unless otherwise directed by the Owner. The expenses and costs may include, but are not limited to, property management compensation, fees and charges, expenses for goods and services, property taxes and other taxes, association or condominium dues, assessments, loan payments, and insurance premiums.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • PRE-PAYMENT The Tenant shall: (check one)

  • Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.

  • Payment of Earnings The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

  • Payment of Bills Except as otherwise indicated herein or on the Service Order(s), Comcast will invoice Customer in advance on a monthly basis for all monthly recurring Service charges and fees arising under the Agreement. All other charges will be billed monthly in arrears. Customer shall make payment to Comcast for all invoiced amounts within thirty (30) days after the date of the invoice. Any amounts not paid to Comcast within such period will be considered past due. If a Service Commencement Date is not the first day of a billing period, Xxxxxxxx’s next monthly invoice shall include a prorated charge for the Services, from the date of installation to the first day of the new billing. In certain cases, Comcast may agree to provide billing services on behalf of third parties, as the agent of the third party. Any such third-party charges shall be payable pursuant to any contract or other arrangement between Customer and the third party. Comcast shall not be responsible for any dispute regarding these charges between Xxxxxxxx and such third party. Customer must address all such disputes directly with the third party.

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