Payments by the Trustee. The Trustee shall give or procure that there be given notice to the Noteholders of the day fixed for any payment to them under Clause 7.1. Any such payment, which may be made in the same manner as provided in the Conditions, shall be a good discharge to the Issuer and the Trustee pro tanto.
Payments by the Trustee. Section 15.1. The establishment of the Trust and the payment or delivery to the Trustee of money or other property acceptable to the Trustee shall not vest in any Trust Beneficiary any right, title or interest in or to any assets of the Trust.
Payments by the Trustee. 6.1 The establishment of the Trust and the payment or delivery to the Trustee of money or other property acceptable to the Trustee shall not vest in any Trust Beneficiary any right, title or interest in and to any assets of the Trust.
Payments by the Trustee. The Trustee shall give or procure that there be given notice to the relevant Holders in accordance with Condition 13 of the day fixed for any payment to them under Clause
Payments by the Trustee. 6.1 The establishment of the Trust and the payment or delivery to the Trust of money or other property acceptable to the Trustee shall not vest in Plan participants or their beneficiaries any right, title or interest in and to any assets of the Trust, except as otherwise set forth in this Section 6.
Payments by the Trustee. Payments of money or property from ----------------------- the trust fund shall be made by the Trustee for any purpose authorized under the Plan upon written direction from the Plan Administrator. The Trustee shall have no duty to inquire whether directions by the Plan Administrator conform to the Plan provisions. If the Plan Administrator directs that any payment or payments be made or continued contingent upon future events, it shall be the responsibility of the Plan Administrator to notify the Trustee in writing that the event has occurred and any payments made by the Trustee prior to the date of such notification shall, as to the Trustee, be proper payments. Payments by the Trustee shall be delivered or mailed to addresses supplied by the Plan Administrator and the Trustee's obligation to make such payments shall be satisfied upon such delivery or mailing. The Trustee shall have no obligation to determine the identity of persons entitled to benefits or their mailing addresses.
Payments by the Trustee. Upon the execution and delivery of the Site Lease and this Lease, the Trustee shall deposit the amount of $[1,300,000] with the Escrow Agent pursuant to the terms of the Site Lease, Indenture and Escrow Agreement, to defease the portion of the Series 2006A Certificates allocated to the City’s Golf Enterprise Fund and otherwise complete the Series 2020A Refunding Project. Such amounts shall be disbursed by the Escrow Agent in accordance with the terms of the Escrow Agreement. The City hereby further authorizes the payment of the Series 2006A Certificates in the manner and form provided by the Escrow Agreement, authorizes the purchase of the Federal Securities described in the Escrow Agreement, and authorizes the completion and execution of the Escrow Agreement. Upon the execution and delivery of the Site Lease and this Lease, the Trustee shall pay to City the amount of $[4,555,000] pursuant to the terms of the Site Lease and Indenture, less any amounts deposited to the Cost of Execution and Delivery Fund in accordance with the Indenture. The City will use this amount to pay costs related to the Series 2020B Irrigation Project. The City reserves the right to modify or add items to the Leased Property. No such change in the Leased Property shall increase the amount of moneys required to be deposited by the Trustee pursuant to this Article, or alter the Base Rentals set forth in Exhibit A. The Trustee shall have no obligation whatsoever with the operation of the Leased Property other than the obligations to provide the City the proceeds of the Site Lease as set forth therein and in this Article.
Payments by the Trustee. The Trustee shall, from time to time, make payments out of the Trust Fund to the persons or entities to whom such monies are to be paid in such amounts and for such purposes as may be specified by the Trustee. To the extent permitted by law, the Plan Administrator shall be under no liability for any payment made pursuant to the direction of the Trustee. Any payment by the Trustee shall constitute a certification that the distribution or payment so made is one which the Trustee is authorized to make.
Payments by the Trustee. At or before the close of business on the Delivery Date and upon receipt by the Trustee of the Purchase Price of the Tendered Bonds that are delivered to it, the Trustee shall pay the Purchase Price of the Tendered Bonds to the registered owners thereof as provided in the applicable form of Bonds. The Trustee shall apply in order, first, moneys paid to it by the Remarketing Agent or by new purchasers of the Tendered Bonds tendered as proceeds of the remarketing of such Bonds by the Remarketing Agent, second, moneys drawn on the Credit Facility for the purpose of purchasing Tendered Bonds (including amounts drawn on the Credit Facility to pay accrued interest on the Tendered Bonds), and third, moneys paid to it by the Borrower. If sufficient funds are not available for the purchase of all Bonds tendered on any Delivery Date, no purchase shall be consummated.
Payments by the Trustee. Section 3.01. No funds shall be paid out of tie _ _ _ _ _ _ _ - _ _ _ _ _ _ _ _ _ _ _ _ _ . . . . . ! ' '' :, , I ' t, , Trust except (1) for a purpose, not inconsistent with the ,j qualification of the Trust as a NDRF, . authorized under Section 468A of the Code or ' corresponding provisions of any subsequent- federal tax law or regulations or by the Treasury regulations issued thereunder or corresponding provisions of subsequent ; regulations, and (ii) upon the presentation by the company to the Trustee of a certificate of the company, signed by its President or one of its Vice presidents or its Treasurer, requesting such payment. t
