Payments to Participant. Whenever the Originator receives or collects a payment in respect of any Insurance Premium Loan subject to a Participation, it will pay over the same to the Participant in the same funds as received promptly after its receipt thereof and in any event within one Business Day of its receipt thereof.
Payments to Participant. Fixex Xxxxxxx Xxxments; Amount of Fixed Annuity Payments; Amount of Variable Annuity Payments
Payments to Participant. Unless otherwise requested by the Participant, the Company will make annuity payments to the Participant. If the Participant wants the annuity payments to be made to some other Payee, We will make such payments subject to the following:
Payments to Participant. (a) If (i) any Incremental Loans are outstanding under the Credit Agreement and (ii) the Lender believes that no Default or Event of Default shall have occurred and is continuing, then (x) all principal payments shall be applied first to the Incremental Loans until such obligations have been paid in full and thereafter, to any other Loans outstanding, and (y) pursuant to the Credit Agreement, any other Payment received by Seller in respect of such Incremental Loans shall be delivered to Participant in an amount equal to the Participation Percentage of such Payment. If no Incremental Loans are outstanding, all payments shall be in respect of Loans advanced by Seller.
(b) To the extent contemplated in the Credit Agreement, Seller shall promptly remit to Participant an amount equal to any payment received by Seller on account of increased costs, break funding payments or expenses incurred by Participant in connection with the Participation Interest. To the extent required by the Credit Agreement, Participant hereby agrees, for the benefit of the Borrower, to comply with any such similar provisions in the Credit Agreement.
Payments to Participant. (a) Promptly upon receipt by the Seller of any payment of principal of or cash interest on any Loan, or any fee, in respect of the Loans or the Specified Commitments, the Seller shall remit to the Participant the Participant's Share of such payment; PROVIDED that interest on any Loan accrued prior to the Closing Date, and fees accrued prior to the Closing Date, shall be for the sole account of the Seller.
(b) To the extent contemplated by the Credit Agreement, the Seller shall promptly remit to the Participant an amount equal to any payment received by the Seller on account of increased costs, break funding payments or expenses incurred by the Participant in connection with the Participation. In addition, so long as (i) the Participant has notified the Borrowers of the Participation and (ii) the Participant complies with its obligations under Section 9 and any similar provisions in the Credit Agreement, the Seller shall promptly remit to the Participant an amount equal to any payment received by the Seller on account of taxes incurred by the Participant in connection with the Participation. To the extent required by the Credit Agreement, the Participant hereby agrees, for the benefit of the Borrowers, to comply with any such similar provisions in the Credit Agreement.
(c) The Seller shall be entitled to deduct from payments to be made by it hereunder any overdue amount payable by the Participant to the Seller under this Agreement.
Payments to Participant. (a) Promptly upon receipt by the Seller of any payment of principal of or cash interest on any Loan, or any fee, in respect of the Loans or the Specified Commitments, the Seller shall remit to the Participant the Participant’s Share of such payment.
(b) To the extent contemplated by the Credit Agreement, the Seller shall promptly remit to the Participant an amount equal to any payment received by the Seller on account of increased costs, break funding payments or expenses incurred by the Participant in connection with the Participation. In addition, so long as (i) the Participant has notified the Borrowers of the Participation and (ii) the Participant complies with its obligations under Section 9, the Seller shall promptly remit to the Participant an amount equal to any payment received by the Seller on account of taxes incurred by the Participant in connection with the Participation.
(c) The Seller shall be entitled to deduct from payments to be made by it hereunder any overdue amount payable by the Participant to the Seller under this Agreement.
Payments to Participant. On the last Business Day of each calendar month, until ended in accordance with Section 8 hereof, after deducting amounts required to be paid in respect of the Override Agreement, each Financing Agreement (as defined in the Override Agreement) and all other transactions to which the Assets are subject on the date hereof or any refinancing thereof approved in writing by Majority Participants, the Seller shall remit to each Participant such Participant’s Share of all payments or other monetary recoveries received during such month on account of the Principal of the Loans. To the extent that Seller shall acquire, in respect of the Principal of the Loans, title to any property by exercise of remedies or voluntary transfer, the Participation shall continue in and with respect to the property so acquired.
Payments to Participant. Fixed Annuity Payments; Amount of Fixed Annuity Payments; Amount of Variable Annuity Payments CERTIFICATE NUMBER: ANNUITY SERVICE CENTER: P9999999999 P.O. BOX 54299 LOS ANGELES, CA 90054-0299 PARTICIPANT: JOHN XXX XXNUITANT: FIRST PURCHASE PRICE: JOHN XXX $10,000.00 BENEFICIARY: DATE OF ISSUE: DECEMBER 09, 1992 ANNUITY DATE: SEPTEMBER 1, 2050 AGE AT ISSUE: FIXED ACCOUNT - 35 Subsequent Guarantee Rate: (3.0%) FUNDS UNDERLYING VARIABLE SEPARATE ACCOUNT: MUTUAL FUND VARIABLE ANNUITY TRUST ANNUAL CONTRACT ADMINISTRATION CHARGE: $30.00 SEPARATE ACCOUNTS: VARIABLE ANNUITY ACCOUNT TWO MARKET VALUE ADJUSTMENT All payments and values based on the Fixed Account are subject to a Market Value Adjustment formula, the operation of which may result in upward and downward adjustments in amounts payable. The Market Value Adjustment formula will not be applied:
(1) for the payment of the Death Benefit, (2) for the amounts withdrawn to pay fees or charges, (3) for amounts withdrawn within 30 days after the end of the Guarantee Period, (4) for annuitizations on the latest Annuity Date, (5) in connection with the Automatic Dollar Cost Averaging Program.
Payments to Participant. Funds Payment trigger Timing
Payments to Participant. (a) Trustee shall make a lump sum cash payment to Participant in the amount of $995,000 at such time as Participant shall provide the Trustee with a signed statement certifying that there has been a Change of Control of Company. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment, and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company. To the extent not provided by Participant, the Company shall provide the Trustee with such information as is necessary for the Trustee to comply with any and all federal, state or local tax laws.
(b) Participant's entitlement to payment from the Trust to benefits shall be conclusively presumed upon delivery of the certificate described in Section 2(a) to the Trustee. The Trustee shall be under no duty or obligation to review or otherwise verify the Participant's entitlement to the payment provided for herein.
(c) If the principal of the Trust, and any earnings thereon, are not sufficient to provide payment of the amount certified by Participant as being payable in accordance with the Agreement, the Company shall pay such difference at the same time as the Trustee makes payment from the Trust. Trustee shall notify the Company if principal and earnings are not sufficient.
