PAYMENTS OUT Sample Clauses

PAYMENTS OUT. To make a UK Faster Payment transfer from your Account, you must first set up the recipient as a new payee. To set up a new payee to make a UK Faster Payment from your Account, you will need to provide the name, account number and sort code of the person you wish to pay.

PAYMENTS OUT. If the Automatic Payment on the Tide GBP E-Money Account specifies that a payment is to takeplace on a specified day or on the last day of a certain period, then we will treat the Payment Instruction as being received on the day specified.

PAYMENTS OUT. (a) For so long as no Event of Default is continuing the UK Operating Companies shall be entitled to withdraw any sums from the FF&E Account to meet costs referred to in an approved annual budget without the prior consent of the Agent. (b) If an Event of Default is continuing the UK Operating Companies may not withdraw any sums from the FF&E Account without the prior consent of the Agent. The Agent may at its discretion while any Event of Default is continuing apply any sums paid into the FF&E Account towards any amounts due under the Finance Documents.

PAYMENTS OUT. (a) On the Business Day preceding each Payment Date the Borrowers shall procure that the UK Operating Companies transfer from each UK Operating Account to the Receipts Account an amount equal to the Net Operating Income of each UK Operating Company (by way of transfer from the relevant UK Operating Accounts) for the previous financial quarter which the Borrowers may treat as payment of Rent then due. (b) Subject to clause 21.5.2(a) above, the UK Operating Companies may, for so long as no Event of Default is continuing, make payments into and withdrawals from the UK Operating Accounts without restriction.

PAYMENTS OUT. If the Automatic Payment on the Account specifies that a payment is to takeplace on a specified day or on the last day of a certain period, then we will treat the Payment Instruction as being received on the day specified.

PAYMENTS OUT. 5.1 If Completion has been successful in accordance with paragraph 4.1 or 4.2, I shall give instructions to make the payments from the Notary Account (less any applicable banking fees) in accordance with Schedule 4 (Payments OUT) (in no particular order), all this with due observance of the applicable guidelines and regulations applicable to civil law notaries in the Netherlands. 5.2 If Completion is deemed not to have been successful in accordance with paragraph paragraph 4.3, I shall only (and shall only be obliged to) give instructions to make payments from the Notary Account with respect to the Completion Monies (less any banking fees and less any fee for accrued negative interest in accordance with paragraph 5.3) as soon as practicably possible following receipt of: (a) the joint written instruction from the Seller (or their respective bankruptcy trustee), the Purchasers and the Lender; or (b) an order of the competent court which can be immediately executed (uitvoerbaar bij voorraad is) or which is not or no longer subject to appeal, for such amounts and to the bank account(s) as indicated in such written instruction or court order. 5.3 Each of the Addressees confirms by signing of this Notary Letter that they are aware of the fact that no interest or even negative interest will accrue to the monies held in the Notary Account and consequently (i) no interest will be reimbursed; and (ii) that the Addressees in view of any amount held in the Notary Account will bear the costs of the fee for negative interest as follows: (a) up to (but excluding) the Completion Date: by the party who transferred the relevant Completion Monies into the Notary Account and in case of a bank transferred the relevant Completion Monies into the Notary Account, the party who borrowed this respective amount from the bank; and (b) from (and including) the Completion Date: by the party who is entitled to receive payment of the relevant Completion Monies pursuant to paragraph 5.1 and 5.2 above. The fee for negative interest will (dependent on whom receives or paid the relevant Completion Monies) be: (a) included in the Completion Monies which will be paid by the respective Addressee(s) to the Notary Account in accordance with Schedule 3 (Payments IN); and (b) withheld from the (part of) the Completion Monies which will be released by the respective Addressee(s) in accordance with Schedule 4 (Payments OUT); or (c) included in the Completion Monies and/or invoiced by me to the relev...