Payment to Trustee Sample Clauses

Payment to Trustee. On the dates set forth in Schedule A to Exhibit I (Notice of Terms), commencing on the date set forth in Schedule A to Exhibit I, the School District shall deposit or cause to be deposited with the Trustee the full amount of the payment due on the School District Bonds on such dates, respectively; provided, however, that the School District agrees to pay the amount due on such initial payment date on or before the date of issuance of the Authority Bonds or on such other date as may be set forth in Schedule A to Exhibit I. Amounts so deposited by the School District prior to the payment date for the Authority Bonds shall be invested by the Trustee at the direction of the Authority. Investment earnings on such amounts shall accrue to the benefit of the School District and shall be paid to the School District at the direction of the Authority in accordance with Section 3.10 hereof.
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Payment to Trustee. In furtherance of the assignment made in accordance with Section 8.1 hereof and in the Indenture, the JEPA hereby directs the City, and the City hereby agrees, so long as the Bonds are Outstanding under the Indenture, to pay to the Trustee, in immediately available funds, by wire transfer to such account as the Trustee shall direct in writing, all Pre-Completion Lease Payments, all Lease Payments, and any rental interruption insurance proceeds, title insurance proceeds and Net Proceeds payable to the Trustee pursuant to Sections 5.1, 5.2, 5.3 and 6.1 hereof that are received by the City. If the Term continues beyond the date on which Bonds are no longer Outstanding under the Indenture, then the JEPA directs the City, and the City hereby agrees, to pay all Lease Payments and any Net Proceeds and title insurance proceeds received by the City to the JEPA until the end of the Term. Except as otherwise provided pursuant to the terms of this Facility Lease and the Indenture, the JEPA will not assign or pledge the Pre-Completion
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Payment to Trustee. The Company may direct Trustee to use Revenue Credits, to the extent available, to pay invoices for Trustee -provided services. Any charges for Trustee -provided services not paid by Revenue Credits shall be due and payable pursuant to applicable invoice and contract terms. The Progressive Corporation – Strategic Confidential Information Tenth Amendment – NQ Trust - 9 - Plan #14018 The Company hereby directs as follows:
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Payment to Trustee. An Active Participant’s After-Tax, 401(k), and Catch-up contributions shall be paid to the Trustee as soon as practicable after each pay period and in no event (i) more than 15 business days after the end of the month in which such pay period ended and (ii) no earlier than the date that the Participant has performed services with respect to which the contribution is made or, if earlier, the date that the contribution otherwise would have been payable to the Participant in cash, unless it is permissible under Treasury Regulation § 1.401(k)- 1(a)(3)(iii) to remit the Deferrals earlier than such date.
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Payment to Trustee. Except as otherwise expressly provided to the contrary in this Section 12, and if Tenant Restores the Improvements and there is a Mortgage encumbering the Lease, then any insurer paying compensation in excess of One Million and No/100 Dollars ($1,000,000.00), as Indexed (or any lesser amount if required by any Mortgagee), under any all-risk or earthquake insurance policy required to be carried hereunder shall pay such proceeds to the Mortgagee that is the holder of any Mortgage which is the most senior lien against the Improvements or an insurance trustee reasonably acceptable to Landlord designated by such Mortgagee, for purposes of Restoration only. If there is no Mortgage encumbering the Lease, then the insurance proceeds shall be paid to a trustee (which shall be a bank or trust company) designated by Landlord within twenty (20) days after written request by Tenant, having an office in San Xxxx. Unless agreed otherwise by the Parties, and subject to the requirements of any Mortgagee, the insurer shall pay insurance proceeds of One Million and No/100 Dollars ($1,000,000.00) as Indexed or less directly to Tenant for purposes of Restoration in accordance with this Lease. If the funds are paid to a trustee in accordance herewith, the trustee shall hold all insurance proceeds in an interest-bearing federally insured account (with interest added to the proceeds). However, such trustee or Mortgagee shall pay to Tenant, from time to time as the work of rebuilding, Restoration and repair shall progress, in amounts designated by certification, by architects licensed to do business in the State, showing the application of such amounts as payment for such repairs, rebuilding and Restoration. If there is no Mortgage encumbering the Lease and a trustee is holding the proceeds, the Landlord shall instruct the trustee to pay Tenant the cost of any emergency repairs necessitated by the event of damage or destruction in advance of the actual Restoration within thirty (30) days of such request. The trustee or Mortgagee, as the case may be, shall be required to make such payments upon satisfaction that the amount necessary to provide for Restoration or repair of any buildings and other Improvements destroyed or damaged, which may exceed the amount received upon such policies, has been provided by the insured for such purposes and its application for such purposes is assured. Payment to Tenant shall not be construed as relieving the Tenant from the necessity of repairing s...
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Payment to Trustee. 18 1.12. DISCRETIONARY CURATIVE CONTRIBUTIONS...........................................................18 -ix-
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Payment to Trustee. The nondeductible voluntary contributions made by a Participant to the Plan shall be collected by the Employer by such means as the Committee shall specify. The Employer shall remit such nondeductible voluntary contributions to the Trustee to be allocated to the Participant's Nondeductible Voluntary Account and, for the purposes of Section 4, shall be credited as soon as practicable after it is received by the Trustee.
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Payment to Trustee. The nondeductible voluntary contributions of Participants shall be collected by the Employer by such means as the Administrator's Representative shall specify. Within the time required by regulations of the United States Department of Labor, the Employer shall remit all such nondeductible voluntary contributions to the Trustee for deposit in the Fund. -------------------------------------------------------------------------------- THIRD AMENDMENT-EFFECTIVE JANUARY 1, 1994
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Payment to Trustee. Each of the Agents hereby undertakes with the Trustee and the Issuer that if, whether in the liquidation of the Issuer or otherwise any payment is made to or amount recovered by any Agent, as the case may be otherwise than in accordance with the Deed of Charge, the amount so paid or recovered shall be paid by such Agent, as the case may be to the Trustee.
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Related to Payment to Trustee

  • Assignment to Trustee The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables and/or the assignment of any or all of the Issuer's rights and obligations hereunder to the Trustee.

  • Notice to Trustee The Company shall give prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any payment to or by the Trustee in respect of the Securities of any series pursuant to the provisions of this Article. Notwithstanding the provisions of this Article or any other provision of the Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee in respect of any Securities of any series pursuant to the provisions of this Article, unless and until the Trustee shall have received written notice thereof from the Company or a holder or holders of Senior Debt or from any trustee therefor; and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Section 603, shall be entitled in all respects to assume that no such facts exist; provided, however, that if the Trustee shall not have received the notice provided for in this Section at least two Business Days prior to the date upon which by the terms hereof any money may become payable for any purpose (including, without limitation, the payment of the principal of (or premium, if any) or interest on any Securities of any series), then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such moneys and to apply the same to the purpose for which they were received and shall not be affected by any notice to the contrary that may be received by it within two Business Days prior to such date. Subject to the provisions of Section 603, the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Debt (or a trustee therefor) to establish that such notice has been given by a holder of Senior Debt (or a trustee therefor). In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Debt to participate in any payment of distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment.

  • Certificate to Trustee The Company will furnish to the Trustee annually, on or before a date not more than four months after the end of its fiscal year (which, on the date hereof, is a calendar year), a brief certificate (which need not contain the statements required by Section 10.04) from its principal executive, financial or accounting officer as to his or her knowledge of the compliance of the Company with all conditions and covenants under this Indenture (such compliance to be determined without regard to any period of grace or requirement of notice provided under this Indenture) which certificate shall comply with the requirements of the Trust Indenture Act.

  • Notices to Trustee If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, it shall furnish to the Trustee, at least 30 days but not more than 60 days before a redemption date, an Officers' Certificate setting forth (i) the clause of this Indenture pursuant to which the redemption shall occur, (ii) the redemption date, (iii) the principal amount of Notes to be redeemed and (iv) the redemption price.

  • Written Statement to Trustee The Issuer will furnish to the Trustee on or before March 31 in each year (beginning with March 31, 2006) a brief certificate (which need not comply with Section 11.05) from the principal executive, financial or accounting officer of the Issuer stating that in the course of the performance by the signer of his duties as an officer of the Issuer he would normally have knowledge of any default or non-compliance by the Issuer in the performance of any covenants or conditions contained in this Indenture, stating whether or not he has knowledge of any such default or non-compliance and, if so, specifying each such default or non-compliance of which the signer has knowledge and the nature thereof.

  • Reports to Trustee (a) The Company will deliver to the Trustee within 120 days after the end of each fiscal year a certificate from the principal executive, financial or accounting officer of the Company stating that the officer has conducted or supervised a review of the activities of the Company and its performance under this Indenture and that, based upon such review, the Company has fulfilled its obligations hereunder or, if there has been a Default, specifying the Default and its nature and status and what action the Company is taking or proposes to take with respect thereto.

  • Election To Redeem; Notices to Trustee If the Issuer elects to redeem Notes pursuant to paragraph 6 of the Notes, at least 45 days prior to the Redemption Date (unless a shorter notice shall be agreed to in writing by the Trustee) but not more than 65 days before the Redemption Date, the Issuer shall notify the Trustee in writing of the Redemption Date, the principal amount of Notes to be redeemed and the redemption price, and deliver to the Trustee an Officers’ Certificate stating that such redemption will comply with the conditions contained in paragraph 6 of the Notes. Notice given to the Trustee pursuant to this Section 3.01 may not be revoked after the time that notice is given to Holders pursuant to Section 3.03.

  • Election to Redeem; Notice to Trustee The election of the Company to redeem any Securities shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities. In case of any redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers' Certificate evidencing compliance with such restriction.

  • Right to Redeem; Notices to Trustee 20 SECTION 3.02 Selection of Securities to Be Redeemed...........................20 SECTION 3.03

  • Protection of Right, Title and Interest to Trust (a) The Transferor shall cause this Agreement, all amendments and supplements hereto and all financing statements and amendments thereto and any other necessary documents covering the Certificateholders’ and the Trustee’s right, title and interest to the Trust and the Trust Assets to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, all in such manner and in such places as may be required by law fully to preserve and protect the right, title and interest of the Certificateholders and the Trustee hereunder to all property comprising the Trust and the Trust Assets. The Transferor shall deliver to the Trustee file stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. The Transferor shall cooperate fully with the Servicer in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this paragraph. (b) The Transferor shall not change its name or its type or jurisdiction of organization unless it has first (i) made all filings in all relevant jurisdictions under the UCC and other applicable law as are necessary to continue and maintain the first-priority perfected ownership or security interest of the Trustee in the Trust Assets, and (ii) delivered to the Trustee, with a copy to any Series Enhancer, an Opinion of Counsel to the effect that all necessary filings have been made under the UCC in all relevant jurisdictions as are necessary to continue and maintain the first-priority perfected ownership or security interest of the Trustee in the Trust Assets. (c) [Reserved]. (d) The Transferor will deliver to the Trustee and any Series Enhancer entitled thereto pursuant to the relevant Supplement: (i) upon the execution and delivery of each amendment of this Agreement or any Supplement, an Opinion of Counsel to the effect specified in Exhibit H-1; (ii) on each Addition Date on which any Additional Accounts (other than Automatic Additional Accounts) are to be designated as Accounts pursuant to Section 2.08(a) or (b) and on each date specified in Section 2.08(c)(iii) with respect to the inclusion of Automatic Additional Accounts as Accounts, an Opinion of Counsel substantially in the form of Exhibit H-2, and on each Addition Date on which any Participation Interests are to be included in the Trust pursuant to Section 2.08(a) or (b), an Opinion of Counsel covering the same substantive legal issues addressed by Exhibit H-2 but conformed to the extent appropriate to relate to Participation Interests; and (iii) on or before April 30 of each year, beginning with April 30, 2003, an Opinion of Counsel substantially in the form of Exhibit H-2.

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