Payments Directly to Lender Sample Clauses

Payments Directly to Lender. The Lender may at any time and from time to time following the occurrence and during the continuation of an Event of Default notify, or request the Company to notify, in writing or otherwise, any account debtor or other obligor with respect to any one or more of the Accounts or Assigned Contracts to make payment to the Lender or any agent or designee of the Lender directly, at such address as may be specified by the Lender. If, notwithstanding the giving of any notice, any account debtor or other such obligor shall make payment to the Company, the Company shall hold all such payments it receives in trust for the Lender, without commingling the same with other funds or property of or held by the Company, and shall promptly deliver the same to the Lender, or any such agent or designee, immediately upon receipt by the Company in the identical form received, together with any necessary endorsements.
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Payments Directly to Lender. Upon the occurrence, and during the continuation, of an Event of Default, the Lender may at any time and from time to time notify, or request the Guarantor to notify, in writing or otherwise, any account debtor or other obligor with respect to any one or more of the Accounts or Assigned Contracts to make payment to the Lender or any agent or designee of the Lender directly, at such address as may be specified by the Lender. If, notwithstanding the giving of any notice, any account debtor or other such obligor shall make payment to the Guarantor, the Guarantor shall hold all such payments it receives in trust for the Lender, without commingling the same with other funds or property of or held by the Guarantor, and shall promptly deliver the same to the Lender, or any such agent or designee, immediately upon receipt by the Guarantor in the identical form received, together with any necessary endorsements.
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Payments Directly to Lender. Notwithstanding any provision in the Operating Lease or otherwise in any of the Lease Documents to the contrary, Operating Lessee shall pay directly to Lender each month on or before its due date any payment required to be made to Lender under the Trust Loan Documents. New Borrower shall be entitled to payment of any sums due under the Lease Documents only after Lender has received payment in full of the sums then due under the Trust Loan Documents. If the software used by the applicable master servicer or its sub-servicer of the Loan for administration of Loan payments can accommodate multiple notice parties, Lender shall request that the master servicer or such sub-servicer send any monthly payment notices to the EMERITUS Parties at the addresses set forth in Section 18.
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Payments Directly to Lender. The Lender may at any time and --------------------------- from time to time after the occurrence of an Event of Default notify, or request the Borrowers to notify, in writing or otherwise, any Account Debtor or other obligor with respect to any one or more of the Receivables to make payment to the Lender or any agent or designee of the Lender directly, at such address as may be specified by the Lender.
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Related to Payments Directly to Lender

  • Payments Directly to Swingline Lender The Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.

  • Payments Directly to Swing Line Lender The Borrower shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

  • Accounts Disbursements and Releases Section 7.01.

  • What To Do If You Find A Mistake On Your Statement If you think there is an error on your statement, write to us at the address(es) listed on your statement. In your letter, give us the following information:

  • Balance of Payments Difficulties Where either Party is in a serious balance of payments difficulties or under threat thereof, the Party concerned may in accordance with the conditions laid down within the framework of WTO/GATT 1994 and with Articles VIII and XIV of the Articles of Agreement of International Monetary Fund, adopt restrictive measures, which shall be of limited duration and may not go beyond what is necessary to remedy the balance of payments situation. The Party concerned shall inform the other Party forthwith of their introduction and present to the other Party, as soon as possible, a time schedule of their removal.

  • Payments Due on Non-Business Days Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day.

  • Payments Due ‌ (1) The franchise fee shall be due on a monthly basis at the end of each month and shall be paid by the Concessioner in such a manner that the Director shall receive payment within fifteen (15) days after the last day of each month that the Concessioner operates. This monthly payment shall include the franchise fee equal to the specified percentage of gross receipts for the preceding month. (2) The Concessioner shall pay any additional fee amounts due at the end of the operating year as a result of adjustments at the time of submission of the Concessioner's Annual Financial Report. Overpayments shall be offset against the following year's fees. In the event of termination or expiration of this Contract, overpayments will first be offset against any amounts due and owing the Government and the remainder will be paid to the Concessioner. (3) All franchise fee payments shall be deposited electronically by the Concessioner in accordance with Applicable Laws.

  • What Will Happen After We Receive Your Letter When we receive your letter, we must do two things:

  • Payments Pursuant to Letters of Credit The Borrower agrees to reimburse immediately the Letter of Credit Issuer for any draw under any Letter of Credit and the Agent for the account of the Lenders upon any payment pursuant to any Credit Support, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower to the Agent for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing. The Funding Date with respect to such borrowing shall be the date of such drawing.

  • Payments Due on Non-Business Day If the date fixed for any payment on any Trust Security shall be a day that is not a Business Day, then such payment need not be made on such date but may be made on the next succeeding day that is a Business Day (except as otherwise provided in Sections 4.1(a) and 4.2(d)), with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue thereon for the period after such date.

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