Payments under the Settlement Contracts Sample Clauses

Payments under the Settlement Contracts. (a) On the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall, on the related Distribution Payment Date, cause the Up-MACRO Holding Trust to make the Up-MACRO Settlement Payment to the Down-MACRO Holding Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Up-MACRO Holding Trust with respect to the related Distribution Date, as calculated pursuant to Section 4.3(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up-MACRO Holding Trust to make an Up-MACRO Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.
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Payments under the Settlement Contracts. (a) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Up Trust to make the Up Settlement Payment to the Down Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Up Trust with respect to such Final Scheduled Termination Date or Early Termination Date, as calculated pursuant to Section 4.3(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up Trust to make an Up Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.
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Payments under the Settlement Contracts. (a) On the Final Scheduled Termination Date, an Early Termination Date or any Redemption Date occurring on a Distribution Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Down-MACRO Holding Trust to make to the Up-MACRO Holding Trust, the Down-MACRO Settlement Payment, if any, from amounts on deposit in the Distribution Account. On any Redemption Date occurring on any day other than a Distribution Date, the Trustee shall cause the Down-MACRO Holding Trust to deliver Treasuries in accordance with Section 5.2(b) and the terms of the Settlement Contracts to make an Down-MACRO Settlement Payment, if any, due under the Settlement Contracts being settled on such Redemption Date.
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Payments under the Settlement Contracts. (a) On the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall, on the related Distribution Payment Date, cause the Up Trust to make the Up Settlement Payment to the Down Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Up Trust with respect to the related Distribution Date, as calculated pursuant to Section 4.3(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up Trust to make an Up Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.
Sample 1
Payments under the Settlement Contracts. (a) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Down Trust to make the Down Settlement Payment to the Up Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Down Trust with respect to such Final Termination Date or Early Termination Date, as calculated pursuant to Section 4.3(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Down Trust to make a Down Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.
Sample 1

Related to Payments under the Settlement Contracts

  • Payments Received Under the Cash Management Agreement Notwithstanding anything to the contrary contained in this Agreement or the other Loan Documents, and provided no Event of Default has occurred and is continuing, Borrower’s obligations with respect to the payment of the Monthly Debt Service Payment Amount and amounts required to be deposited into the Reserve Funds, if any, shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations pursuant to this Agreement on the dates each such payment is required, regardless of whether any of such amounts are so applied by Lender.

  • Payments Under Loan Documents The Borrower shall fail to pay any principal of any Loan (including scheduled installments, mandatory prepayments or the payment due at maturity), Reimbursement Obligation or Letter of Credit Borrowing or shall fail to pay any interest on any Loan, Reimbursement Obligation or Letter of Credit Borrowing or any other amount owing hereunder or under the other Loan Documents after such principal, interest or other amount becomes due in accordance with the terms hereof or thereof;

  • Consents Under Agreements The Company shall have obtained the consent or approval of each Person whose consent or approval shall be required under any material Contract to which the Company or any of its Subsidiaries is a party that has not been provided to Parent on or prior to the date hereof, except those for which the failure to obtain such consent or approval, individually or in the aggregate, is not reasonably expected to have a Company Material Adverse Effect (taking into account any provision in any such material Contract which allows the counterparty thereto to terminate such material Contract without cause).

  • Continuing Security Interest; Assignments under the Credit Agreement This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations, (ii) the Termination Date and (iii) the termination or expiration of all Letters of Credit and all Secured Hedge Agreements, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Advances owing to it and the Note or Notes, if any, held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender Party herein or otherwise, in each case as provided in Section 8.07 of the Credit Agreement.

  • Payments under this Agreement In the event that one party (the “Owing Party”) is required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then such payments shall be made according to this Section 7.05.

  • Continuing Security Interest; Assignments Under the Credit Agreement; Release (a) This Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, indorsees, transferees and assigns until all Obligations under the Credit Documents and each Pari Passu Agreement (other than, in each case, any contingent indemnity obligations not then due, any Secured Hedge Obligations or any Secured Cash Management Obligations) shall have been satisfied by payment in full, the Commitments shall be terminated and all Letters of Credit have expired or terminated and after all Letter of Credit Outstandings have been reduced to zero (or all such Letters of Credit and Letter of Credit Outstandings have been Cash Collateralized) notwithstanding that from time to time during the term of the Credit Agreement, the Credit Parties may be free from any Obligations.

  • Effective Date; Termination of Prior Intercompany Tax Allocation Agreements This Agreement shall be effective as of the Effective Time. As of the Effective Time, (i) all prior intercompany Tax allocation agreements or arrangements solely between or among BGC Partners and/or any of its Subsidiaries shall be terminated, and (ii) amounts due under such agreements as of the date on which the Effective Time occurs shall be settled. Upon such termination and settlement, no further payments by or to the BGC Group, or by or to the Newmark Group, with respect to such agreements shall be made, and all other rights and obligations resulting from such agreements between the Companies and their Affiliates shall cease at such time. Any payments pursuant to such agreements shall be disregarded for purposes of computing amounts due under this Agreement; provided, that to the extent appropriate, as determined by BGC Partners, payments made pursuant to such agreements shall be credited to the Newmark Entities or the BGC Entities, respectively, in computing their respective obligations pursuant to this Agreement, in the event that such payments relate to a Tax liability that is the subject matter of this Agreement for a Tax Period that is the subject matter of this Agreement.

  • Obligations Under the Security Agreement The undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and provisions of the Security Agreement to the same extent as each of the other Grantors. The undersigned further agrees, as of the date first above written, that each reference in the Security Agreement to an “Additional Grantor” or a “Grantor” shall also mean and be a reference to the undersigned.

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