Payments to Owners Sample Clauses

Payments to Owners. Concurrently with the mailing of the Monthly Statement, Innisfree will mail to each Owner a check, drawn upon the Hotel Bank Account, in the amount equal to the Owner's Unit Revenue Share for the month for which the Monthly Statement applies less the following amounts:
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Payments to Owners. RE/MAX agrees to (1) mail rental proceeds as they are available to RE/MAX, or (2) to mail a deposit for the Owner to a bank account according to the information provided to RE/MAX by the Owner. It is currently the practice of RE/MAX of Eagle River, Inc. to make or begin to deposit rent money or payments after the 15th of the month. In the case where contractor moneys are due and payable and the Owner has not provided sufficient funds to pay for said billings, RE/MAX will pay said contractors when rental payments are received and said payments shall have priority over the deposit to the Owner’s account. While such circumstances are rare, it does occur, and since RE/MAX’s name and address are shown on all xxxxxxxx along with the Owner’s, the Owner acknowledges and authorizes RE/MAX to make said payments as described above in the event the Owner does not provide funds upon demand or there is not sufficient money in a maintenance account. In the event the Owner wishes RE/MAX to mail rental proceeds to the Owner or to the Owner’s bank account, Owner acknowledges that deposits shall not be made until sufficient time has elapsed for the Tenant’s payment to clear its/her bank account, bills have been paid, rent commissions deducted and related expenses for properties have either been paid or received. It is currently the practice of RE/MAX of Eagle River, Inc. to issue proceeds where moneys are available to the Owner mid-month, subject to availability of funds. In addition, when RE/MAX has received notification from the Tenant to terminate the tenancy, Owner authorizes RE/MAX to withhold an additional amount of moneys, not less than $250.00 for anticipated utilities and possible expenses during vacancy period. These moneys are in addition to the $500.00 reserve account maintained for routine and emergency expenditures.
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Payments to Owners. The PHA shall process payments for only those units on the voucher that have a fully processed and approved Form HUD 50059, Owner’s Certification of Compliance with HUD’s Tenant Eligibility and Rent Procedures. The PHA must:  Notify the owner in writing of any required corrections;  Maintain a record of required corrections in an error tracking log that records errors by category and the status of its resolution and  Submit the error tracking log to HUD Headquarters semi-annually based on the Federal fiscal year within 30-days after the end of the semi-annual period. After the PHA has approved the owner’s Section 8 voucher (see paragraph A of this section), the PHA must disburse housing assistance payments to the owner by an electronic fund transfer, after receipt of HAP funds from HUD. Reference: HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs Form HUD-50059, Owner’s Certification of Compliance with HUD’s Tenant Eligibility and Rent Procedures, Appendix 7-B, HUD Handbook 4350.3 Housing Notice H 2010-10, EIV System TRACS Industry User Guide Special Claims Processing Guide (HSG-06-01) Performance Standards • Review 100% of monthly vouchers submitted by owners. • Make the HAP payment on units with approved and fully processed Form HUD 50059s. • For vouchers received by the tenth (10th) calendar day of the month, pay the owner on the first business day following receipt of the funds from HUD. • For vouchers received after the tenth (10th) calendar day of the previous month, the PHA shall submit the voucher for payment within twenty (20) calendar days of receipt. Quality Assurance: On-Site Reviews Data Systems Reports
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Related to Payments to Owners

  • PAYMENTS TO OWNER Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • Payments to Seller With respect to each Pledged Timeshare Loan, the Borrower shall have (i) received such Pledged Timeshare Loan as a contribution to the capital of the Borrower by the Seller or (ii) purchased such Pledged Timeshare Loan from the Seller in exchange for payment (made by the Seller in accordance with the provisions of the Sale and Contribution Agreement) in an amount which constitutes fair consideration and reasonably equivalent value. No such sale shall have been made for or on account of an antecedent debt owed by the Seller to the Borrower and no such sale is or may be voidable or subject to avoidance under any section of the Bankruptcy Code.

  • Payments to Xxxxxx In connection with the distribution of shares of the Fund, Xxxxxx will be entitled to receive: (a) payments pursuant to any Distribution Plan and Agreement from time to time in effect between the Fund and Xxxxxx with respect to the Fund or any particular class of shares of the Fund, (b) any contingent deferred sales charges applicable to the redemption of shares of the Fund or of any particular class of shares of the Fund, determined in the manner set forth in the then current Prospectus and Statement of Additional Information of the Fund and (c) subject to the provisions of Section 3 below, any front-end sales charges applicable to the sale of shares of the Fund or of any particular class of shares of the Fund, less any applicable dealer discount.

  • Payments to Owner Trustee Any amounts paid to the Owner Trustee pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

  • Payments to Originators With respect to each Receivable transferred to Seller under the Receivables Sale Agreement, Seller has given reasonably equivalent value to the applicable Originator in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by any Originator of any Receivable under the Receivables Sale Agreement is or may be voidable under any section of the Federal Bankruptcy Code.

  • Payments to Agent A payment by the Borrower to the Agent hereunder or any of the other Loan Documents for the account of any Bank shall constitute a payment to such Bank. The Agent agrees promptly to distribute to each Bank such Bank's pro rata share of payments received by the Agent for the account of the Banks except as otherwise expressly provided herein or in any of the other Loan Documents.

  • Payments to Holders No payment shall be made with respect to the principal of, or premium, if any, or interest on the Securities (including, but not limited to, the redemption price with respect to the Securities to be called for redemption in accordance with Article III as provided in the Indenture), except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 12.5, if:

  • Statements to Owner (a) Not later than the tenth calendar day of each month, the Servicer shall furnish to the Owner a monthly statement (a "Monthly Remittance Advice") containing such information in the form required by the Owner, or its designee, in hard copy or electronic medium mutually acceptable to the parties as to the accompanying remittance and the period ending on the preceding Determination Date.

  • Payments to Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

  • Payments to Originator With respect to each Receivable transferred to Buyer hereunder, the Purchase Price received by Originator constitutes reasonably equivalent value in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by Originator of any Receivable hereunder is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§ 101 et seq.), as amended.

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