Payment on Distribution Date Sample Clauses
The 'Payment on Distribution Date' clause establishes that payments owed under the agreement will be made specifically on a designated distribution date. In practice, this means that any funds, such as profits, dividends, or other distributions, are to be paid out to the relevant parties only on the agreed-upon date, rather than immediately upon accrual or at arbitrary times. This clause ensures predictability and administrative efficiency by consolidating payments to a single, scheduled date, thereby reducing confusion and streamlining financial operations.
Payment on Distribution Date. Any payments to be made by the Trustee pursuant to this clause 18 will only be made on the Distribution Date following demand by the Liquidity Facility Provider and on each succeeding Distribution Date until the Liquidity Facility Provider is paid in full by payment of so much of the amount sufficient to indemnify the Liquidity Facility Provider as is available for this purpose in accordance with the Series Supplement.
Payment on Distribution Date. Any payments to be made by the Trustee pursuant to this clause 16 will only be made on the Distribution Date following demand by the Standby Redraw Facility Provider and on each succeeding Distribution Date until the Standby Redraw Facility Provider is paid in full by payment of so much of the amount sufficient to indemnify the Standby Redraw Facility Provider as is available for this purpose in accordance with the Series Supplement.
Payment on Distribution Date. Any payments to be made by the Trustee pursuant to this clause 16 will only be made on the Distribution Date following demand by the Standby Redraw Facility Provider and on each succeeding Distribution Date until the Standby Redraw Facility Provider is paid in full by payment of so much of the amount sufficient to indemnify the Standby Redraw Facility Provider as is available for this purpose in accordance with the Series Supplement. -------------------------------------------------------------------------------- 17. MISCELLANEOUS
17.1 STAMP DUTIES
(a) (TRUSTEE MUST PAY): The Trustee will pay all stamp, loan transaction, registration and similar Taxes including fines and penalties (except such fines and penalties incurred through the act, neglect or omission of the Standby Redraw Facility Provider after the Standby Redraw Facility Provider has requested and been put in funds to pay such Taxes), financial institutions duty and debits tax which may be payable or required to be paid by any appropriate authority or determined to be payable in connection with the execution, delivery, performance or enforcement of this Agreement.
(b) (TRUSTEE MUST INDEMNIFY): Subject to clause 13, the Trustee will indemnify and keep indemnified the Standby Redraw Facility Provider against any loss or liability incurred or suffered by it as a result of the delay or failure by the Trustee to pay such Taxes.
Payment on Distribution Date. Any payments to be made by the Trustee pursuant to this clause 18 will only be made on the Distribution Date following demand by the Liquidity Facility Provider and on each succeeding Distribution Date until the Liquidity Facility Provider is paid in full by payment of so much of the amount sufficient to indemnify the Liquidity Facility Provider as is available for this purpose in accordance with the Series Supplement. -------------------------------------------------------------------------------- 19. MISCELLANEOUS
19.1 STAMP DUTIES
(a) (TRUSTEE MUST PAY): The Trustee will pay all stamp, loan transaction, registration and similar Taxes including fines and penalties (except such fines and penalties incurred through the act, neglect or omission of the Liquidity Facility Provider after the Liquidity Facility Provider has requested and been put in funds to pay such Taxes), financial institutions duty and debits tax which may be payable or required to be paid by any appropriate authority or determined to be payable in connection with the execution, delivery, performance or enforcement of this Agreement.