Payment Rights Sample Clauses
Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment of preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made.
Payment Rights. On the Settlement Date, Starwood Lodging shall pay to Stock Purchaser in cash or other immediately available funds an amount equal to the amount, if any, by which the Lock Price exceeds the Market Price as of the Settlement Date, multiplied by the number of Paired Shares delivered by Starwood Lodging to Stock Purchaser hereunder. Stock Purchaser's right to receive the payments from Starwood Lodging described in this section are referred to herein as the "Payment Rights." Pursuant to a written instrument a copy of which is delivered to Starwood Lodging promptly following its execution by Stock Purchaser, Stock Purchaser may distribute to its partners or their shareholders or assign to any other Person all or any portion of the Payment Rights either together with or separately from the Paired Shares delivered hereunder.
Payment Rights. If you have arranged in advance to make electronic fund transfers out of your account(s) for money you owe others, you may stop payment on preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within 14 days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding 14 days after it has been made. A stop payment request may apply to a single transfer, multiple transfers, or all future transfers as directed by you, and will remain in effect unless you withdraw your request or all transfers subject to the request have been returned. A stop payment request for preauthorized Electronic Fund Transfers will apply to all subsequent transfers, unless you withdraw the request.
Payment Rights. A net three percent (3%) of the right, title and working interest in all (a) accounts, instruments and general intangibles (as such terms are defined in the Uniform Commercial Code of Texas) arising from the sale or other disposition on or after the Effective Date of any of the Assets described in Sections 1.1 through 1.6, inclusive; and (b) liens and security interests in favor of Seller under any law, rule or regulation or under the Contracts arising from the sale or other disposition on or after the Effective Date of any of the Assets described in Sections 1.1 through 1.6, inclusive (the "PAYMENT RIGHTS").
Payment Rights. All Collateral consisting of accounts, chattel paper, general intangibles, instruments and documents (hereinafter, collectively called "Payment Rights"), is bona fide, enforceable according to its terms and free from all defenses, claims defaults, prepayments, setoffs and conditions precedent. All persons obligated on Payment Rights have authority and capacity to contract. All Payment Rights comply with all applicable laws concerning form, content, manner of preparation and execution, including where applicable, any consumer credit laws.
Payment Rights. If you have arranged in advance to make electronic fund transfers out of your account(s) for money you owe others, you may stop payment on preauthorized transfers from your account. You must notify us in writing at any time up to three (3) business days before the scheduled date of the transfer. A stop payment request for preauthorized Electronic Fund Transfers will apply to all subsequent transfers, unless you withdraw the request.
Payment Rights. All of Seller’s interest in all (a) accounts, instruments and general intangibles (as such terms are defined in the Uniform Commercial Code of Oklahoma) attributable to the Properties with respect to any period of time after the Effective Time; (b) liens and security interests in favor of Seller, whether xxxxxx or inchoate, under any law, rule or regulation or under any of the Contracts arising from the ownership or sale or other disposition after the Effective Time of any of the Properties; and (c) any claim of indemnity, contribution, or reimbursement relating to Assumed Obligations (such interest, the “Payment Rights”).
Payment Rights. The First Priority Indenture Trustee and the Second Priority Indenture Trustee and the Beneficial Holders of the First Priority Securities or Second Priority Securities who hold in the aggregate more than fifty percent (50%) of the outstanding principal amount of the First Priority Securities or Second Priority Securities, as applicable, shall each have the right, but not the obligation, to pay any such amounts not paid by the Company in accordance with this Agreement. Any such amounts paid by the First Priority Indenture Trustee or the Beneficial Holders of the First Priority Securities who hold in the aggregate more than fifty percent (50%) of the outstanding principal amount of the First Priority Securities shall automatically be First Priority Obligations, and any such amounts paid by the Second Priority Indenture Trustee or the Beneficial Holders of the Second Priority Securities who hold in the aggregate more than fifty percent (50%) of the outstanding principal amount of the Second Priority Securities shall automatically be Second Priority Obligations.
Payment Rights. The Borrower agrees that each Bank purchasing a Participating Interest may exercise all rights of payment (including, without limitation, rights of set-off with respect to such Participating Interest) as fully as if such Bank were the direct holder of the Institutional Loans represented by such Participating Interest; provided that each Institution agrees that in the event it shall receive any payment with respect to the Participation Interests purchased by the Banks, it shall promptly deliver such amounts to the Banks.
Payment Rights. All (a) accounts, instruments and general intangibles (as such terms are defined in the Uniform Commercial Code of Louisiana) and (b) liens and security interests in favor of Sellers under any law, rule or regulation or under the Contracts arising from the sale or other disposition at or after the Effective Time of any of the properties described in Sections 1.1 through 1.7, inclusive (the "Payments Rights").