Payments to the Sellers Sample Clauses

Payments to the Sellers. Any payment due from the Buyer to any or all of the Sellers under this Agreement shall be paid to the account listed in Schedule 4, by wire transfer in same day available funds, and the receipt of any such sum in that account shall be a good and valid discharge by the Buyer of its obligation to make such payment.
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Payments to the Sellers. (i) The Servicer shall withdraw from the Collection Account and pay to the Sellers on each Deposit Date the following amounts: (A) an amount equal to the Sellers' Percentage for the related Due Period of Allocable Finance Charge Collections, minus (1) if Citibank (South Dakota) or an Affiliate of Citibank (South Dakota) is no longer the Servicer, the portion of the Servicing Fee with respect to the related Due Period that is required to be paid by the Sellers (which shall be withdrawn from the Collection Account and paid to the Servicer on the related Distribution Date) and (2) an amount equal to the lesser of the amounts referred to in Section 5.03(a) and Section 5.03(b); and (B) an amount equal to the Sellers' Percentage for the related Due Period of Allocable Principal Collections, if the Sellers' Participation Amount (determined after giving effect to any Principal Receivables transferred to the Master Trust on such Deposit Date) exceeds zero. (ii) The withdrawals to be made from the Collection Account pursuant to this Section 4.01(b) do not apply to deposits into the Collection Account that do not represent Collections, including Transfer Deposit Amounts, Adjustment Payments, payment of the purchase price for the Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement, payment of the purchase price for the Series 2000 Certificateholders' Interest pursuant to Section 7.01 and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 7.03 hereof or Section 9.02 or 12.02 of the Agreement. SECTION 4.02. Application of Investor Finance Charge Collections and Available Investor Principal Collections. The Servicer shall allocate (if Citibank (South Dakota) is the Servicer and the Collection Account is maintained with Citibank (South Dakota) or an Affiliate thereof) or shall cause the Trustee to allocate, with respect to each Due Period, Investor Finance Charge Collections and Available Investor Principal Collections on deposit in the Collection Account with respect to such Due Period, to make the following payments and distributions: (a) For each Due Period, an amount equal to the Investor Finance Charge Collections with respect to such Due Period will be allocated and distributed in the following priority: (i) First, an amount equal to the accrued and unpaid fees and expenses of, and other amounts due to, the Indenture Trustee pursuant to Section 501(a) of the Indenture. Such amounts will be paid on the da...
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Payments to the Sellers. With respect to each Purchase hereunder, the Purchase Price received by any Seller in respect thereof constitutes reasonably equivalent value in consideration therefor and such transfer of the related Conveyed Contract Assets was not made for or on account of an antecedent debt. No transfer by any Seller of any Contract Assets 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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Payments to the Sellers. The Sellers shall have received the portion of the Purchase Price payable at Closing to the Sellers.
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Payments to the Sellers. (i) The Servicer shall withdraw from the Collection Account and pay to the Sellers on each Deposit Date the following amounts: (A) an amount equal to the Sellers’ Percentage for the related Due Period of Allocable Finance Charge Collections, minus (1) if Citibank or an Affiliate of Citibank is no longer the Servicer, the portion of the Servicing Fee with respect to the related Due Period that is required to be paid by the Sellers (which shall be withdrawn from the Collection Account and paid to the Servicer on the related Distribution Date) and (2) an amount equal to the lesser of the amounts referred to in Section 5.03(a) and Section 5.03(b); and (B) an amount equal to the Sellers’ Percentage for the related Due Period of Allocable Principal Collections, if the Sellers’ Participation Amount (determined after giving effect to any Principal Receivables transferred to the Master Trust on such Deposit Date) exceeds zero. (ii) The withdrawals to be made from the Collection Account pursuant to this Section 4.01(b) do not apply to deposits into the Collection Account that do not represent Collections, including Transfer Deposit Amounts, Adjustment Payments, payment of the purchase price for the Certificateholders’ Interest pursuant to Section 2.06 or 10.01 of the Agreement, payment of the purchase price for the Series 2000 Certificateholders’ Interest pursuant to Section 7.01 and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 7.03 hereof or Section 9.02 or 12.02 of the Agreement.
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Payments to the Sellers. All payments (including cash and number of shares of Dearborn Stock) to be made to the Sellers pursuant to this Agreement that are not stated in per share amounts are stated in aggregate amounts. Any such time a payment (whether in cash or shares of Dearborn Stock) is to be made to the Sellers, each Seller shall receive its pro-rata portion of such payment, determined by multiplying the aggregate of amount of such cash payment (or number of shares of Dearborn Stock) to be made to the Sellers by a fraction the numerator of which shall be the number of Shares owned by such Seller and the denominator of which shall be the total number of Shares.
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Payments to the Sellers. Any amounts payable to a Party pursuant to this Agreement may be paid by telegraphic transfer to the account specified below (or such other UK bank account as a Party may notify to the others in writing for this purpose from time to time):
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Payments to the Sellers. For any instance in which a payment or disbursement is required to be made to the Sellers pursuant to this Agreement (other than payments or disbursements that are compensatory to Employees or other service providers of the Group Companies), such payment shall be made by wire transfer of immediately available funds to each Seller in accordance with the wire instructions provided to Buyer by the Sellers’ Representative with respect to each such Seller at least three (3) days prior to the Closing Date. Each Seller shall be entitled to receive its Pro Rata Percentage of such amount.
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Payments to the Sellers. At the Closing Date, the Purchaser shall pay, subject to all Closing Conditions being satisfied or waived in accordance with this Agreement and all Closing Events as set forth in Section 4.5 occurring as contemplated therein, the full Purchase Price to the bank account set forth in Exhibit 3.2 (the “Sellers’ Bank Account”). Any other payments to the Sellers under this Agreement, if any, shall be made to the bank account which the respective Seller has notified to the Purchaser at least three (3) Business Days prior to such payment becoming due. To the extent that payments are to be allocated in accordance to Exhibit 3.1 to a Seller, such Seller has the individual right to claim that such payments be made to the bank accounts indicated in this Section 3.2. For the avoidance of doubt, the Parties agree that Sellers shall exercise jointly all other rights and remedies they have under this Agreement.
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Related to Payments to the Sellers

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

  • Certain Reimbursements to the Servicer The Servicer will be entitled to be reimbursed from amounts on deposit in the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on the related Distribution Date pursuant to Section 5.7(a)(i) upon certification by the Servicer of such amounts and the provision of such information to the Trust Collateral Agent. The Servicer will additionally be entitled to receive from amounts on deposit in the Collection Account with respect to a Collection Period any amounts paid by Obligors that were deposited in the Lockbox Account but that do not relate to (i) principal and interest payments due on the Receivables and (ii) any fees or expenses related to extensions due on the Receivables.

  • Adjustments to the Shares The Warrant Exercise Price and the number of Warrant Shares obtainable upon exercise of this Warrant shall each be subject to adjustment from time to time as provided in this Section 2.

  • Payments to the Owner Allstate Life shall withdraw from the Funding Account and pay to or at the direction of the Owner amounts in accordance with the terms set forth in the Annex hereto. All payments made by Allstate Life to the Owner hereunder shall be paid in cash, in same-day, freely transferable funds on the date of payment to such account as has been specified for such purpose in writing by the Owner to Allstate Life.

  • PAYMENTS TO PURCHASER 52 ARTICLE VI....................................................................54

  • Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

  • Payments to the Distributor In consideration of the payments made by the Fund to the Distributor under this Plan, the Distributor shall provide administrative support services and distribution assistance services to the Fund. Such services include distribution assistance and administrative support services rendered in connection with Shares (1) sold in purchase transactions, (2) issued in exchange for shares of another investment company for which the Distributor serves as distributor or sub-distributor, or (3) issued pursuant to a plan of reorganization to which the Fund is a party. If the Board believes that the Distributor may not be rendering appropriate distribution assistance or administrative support services in connection with the sale of Shares, then the Distributor, at the request of the Board, shall provide the Board with a written report or other information to verify that the Distributor is providing appropriate services in this regard. For such services, the Fund will make the following payments to the Distributor:

  • Statements to the Purchaser The Seller shall furnish to the Purchaser an individual loan accounting report, as of the last Business Day of each month, in the Seller's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual loan accounting report shall be received by the Purchaser no later than the fifth (5th) Business Day of the following month in a format mutually agreed upon by both the Purchaser and the Seller and in hard copy, which report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Penalties or premiums, along with a detailed report of interest on principal prepayment amounts remitted in accordance with Section 4.04); (ii) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (iii) the amount of servicing compensation received by the Seller during the prior collection period; (iv) the aggregate Scheduled Principal Balance of the Mortgage Loans; (v) the aggregate of any expenses reimbursed to the Seller during the prior distribution period pursuant to Section 4.05; (vi) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, and (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (vii) the amount of any Monthly Advances. The Seller shall also provide a monthly servicing report, sorted in the Purchaser's assigned loan number order, in the form of reports S-50Y and P-4DL, attached hereto as Exhibit G and Exhibit H, respectively (or in such other forms as the Purchaser and the Seller may agree), with each such report. The Seller shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to time. In addition, not more than sixty (60) days after the end of each calendar year, the Seller shall furnish to each Person who was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances for the applicable portion of such year.

  • 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 MASTER SERVICER Section 4.01 Remittances. On each Remittance Date, no later than 3:00 p.m. New York City time, the Servicer shall remit on a scheduled/scheduled basis by wire transfer of immediately available funds to the Master Servicer (a) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 3.04), plus (b) all Monthly Advances, if any, which the Servicer or other Advancing Person is obligated to make pursuant to Section 4.03, minus (c) any amounts attributable to Principal Prepayments, Liquidation Proceeds, Insurance Proceeds, Condemnation Proceeds or REO Disposition Proceeds received after the applicable Due Period, which amounts shall be remitted on the following Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 3.03 (iii) and (vii), and minus (d) any amounts attributable to Monthly Payments collected but due on a Due Date or Due Dates subsequent to the first day of the month in which such Remittance Date occurs, which amounts shall be remitted on the Remittance Date next succeeding the Due Date related to such Monthly Payment. With respect to any remittance received by the Master Servicer after the Business Day on which such payment was due, the Servicer shall pay to the Master Servicer interest on any such late payment at an annual rate equal to LIBOR, adjusted as of the date of each change, plus four (4) percentage points, but in no event greater than the maximum amount permitted by applicable law. Such interest shall be deposited in the Custodial Account by the Servicer on the date such late payment is made and shall cover the period commencing with the day following the Remittance Date and ending with the Business Day on which such payment is made, both inclusive. Such interest shall be remitted along with the distribution payable on the next succeeding Remittance Date. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default by the Master Servicer or any applicable Trustee. All remittances required to be made to the Master Servicer shall be made on a scheduled/scheduled basis to the following wire account or to such other account as may be specified by the Master Servicer from time to time: Xxxxx Fargo Bank, National Association Minneapolis, Minnesota ABA# 000000000 Account Name: SAS Clearing 0000000000 For further credit to: Collection Account No. 00000000

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