Payments in. Except as a Court may order otherwise without instigation by any Members, in the first instance any and all Recovery is to be paid or conveyed to the Lawyers on trust for the Members and the Funder.
Payments in. (i) On or before the date of first Utilisation Request, the Borrower must deposit into the Debt Service Reserve Account an amount sufficient to ensure that the amount standing to the credit of the Debt Service Reserve Account is not less than the Debt Service Reserve Amount as notified by the Facility Agent.
(ii) On or before the date of the first Facility C Utilisation Request, the Borrower must deposit into the Debt Service Reserve Account an additional amount sufficient to ensure that the amount standing to the credit of the Debt Service Reserve Account is not less than the Debt Service Reserve Amount as notified by the Facility Agent.
(iii) If at any time the balance standing to the credit of the Debt Service Reserve Account is less than the Debt Service Reserve Amount in accordance with this Agreement or the Account Control Agreement, the Borrower must immediately, but in any event by no later than three Business Days transfer to the Debt Service Reserve Account an amount sufficient to satisfy the requirement set out in paragraph (a) of this Clause 18.3 (Debt Service Reserve Amount).
Payments in. The Borrower must ensure that, on each Waterfall Date, it will transfer the relevant amounts (if any) into the Operations Account pursuant to Clause 18.7(b)(ii).
Payments in. Unless a Finance Document expressly requires an amount to be paid into any other Project Account, each Obligor must ensure that:
(A) all Gross Revenues received;
(B) the proceeds of any Loan or amounts received under an Intercompany Loan Agreement pursuant to clauses 5.1(D), 21.2(A)(ii) and 21.2(A)(iii);
(C) the proceeds of repayment of any loan made pursuant to any FPSO Construction Financing;
(D) the proceeds of any Permitted Disposals; and
(E) any other amount payable to, or received by an Obligor (including payments received under any offtake contract (and the Obligors shall direct any person making such payments that any such payment shall be paid into that account only)), but excluding any amount which may be:
(i) credited to the Distributions Reserve Account of the Original Borrower;
(ii) lent to an Obligor under an Intercompany Loan Agreement pursuant to clause 21.2(A)(viii); or
(iii) credited to an account of KEO (which is not a Project Account), are paid directly into an Offshore Proceeds Account. Notwithstanding any other provision of this clause 21.1, if any payments are prohibited by the CEMAC Regulations from being paid into an Offshore Proceeds Account or any payments are required by the CEMAC Regulations to be paid into an onshore account, the relevant Obligor shall ensure that such amounts are paid into an Onshore Working Capital Account or, in respect of payments to be made in CEMAC, a Cameroon Account or the KEEG EG Account.
Payments in. 2.1 In accordance with the Signing/Closing Timetable as agreed between the Company and Investor as included in Schedule 4, on 28 September 2009, the Investor will pay by wire transfer into the Axxxx & Oxxxx notary account (the Notary Account) with ABN AMRO Bank N.V., Cooxxxxxxx 000, 0000 XX Xxxxxxxxx, XXXX Xxcount Number: 50.00.00.000, IBAN: NX00XXXX0000000000, BIC: ABN AN L2A, account name Axxxx & Overy LLP Notarissen Derdengelden Kwaliteitsrekening, reference “47024 – 00108 – Project Red Monkey – R.J.J. Lijdsman” of an aggregate amount of not less than EUR 301,754,679.90, hereinafter to be referred to as the Aggregate Issue Price.
2.2 Upon receipt of the Aggregate Issue Price into the Notary Account or after having received a confirmation by telephone from ABN AMRO Bank, Rotterdam branch that the Aggregate Issue Price has been received in its SWIFT system and will be credited to the Notary Account, I will:
(i) confirm (by way of written notice) receipt of the amount referred to in clause 2.1 above, or that the Aggregate Issue Price has been received in the SWIFT system of ABN AMRO Bank and will be credited to the Notary Account;
(ii) hold the amount of the payment(s) made to the Notary Account referred to above (once received in the Notary Account) for the account of the Company, solely for the purposes specified in the Equity Purchase Agreement and the Deed of Issue; and finally
Payments in. Unless a Finance Document expressly requires an amount to be paid into any other Project Account, each Obligor must ensure that:
(A) all Gross Revenues received;
(B) the proceeds of any Loan;
(C) the proceeds of repayment of any loan made pursuant to any FPSO Construction Financing;
Payments in. (a) The Hotel Borrowers shall procure that all income arising from the business of the UK Operating Companies is promptly paid into the UK Operating Accounts.
(b) The Hotel Borrowers shall procure that in the event that the UK Operating Companies receive or recover any amount in respect of a Charged Property otherwise than by credit to the relevant account in accordance with the terms of this agreement the UK Operating Companies shall pay it into the relevant Operating Account immediately after receipt or recovery.
Payments in. Cash. All payments hi cash shall be made to Holder by check sent by U.S. mail to Xxxxxxx & Xxxxxx LLC, 2 000 X. Xxxxxx, Chicago, Illinois 60608-5414 60 unless Holder provides notice, in accordance with the terms of Debenture, that the payments shall be made to a different address.
Payments in. The UK Operating Companies will ensure that there is deposited into the FF&E Account each year an amount equal to or greater than 3% of the latest Gross Operational Turnover relating to the Charged Properties, save that this percentage shall in the case of the Riverbank Hotel be 1% throughout 2006 and 2% throughout 2007.
Payments in. Unless a Finance Document expressly requires an amount to be paid into any other Project Account, each Obligor must ensure that:
