Purchase Payments by Lessee Sample Clauses

Purchase Payments by Lessee. Any payment received (or offset against the Cash Collateral) by the Agent as a result of: (a) the purchase of the Lessor's interest in the Property in connection with the Lessee's exercise of its Purchase Option under Section 20.1 of the Lease, or (b) the Lessee's compliance with its obligation to purchase the Lessor's interest in the Property in accordance with Section 20.2 of the Lease, or (c) the payment of the Asset Termination Value in accordance with Sections 16.2(b), 16.3 or 16.4 of the Lease, or (d) the Lessee failing to fulfill one or more of the conditions to exercise of the Remarketing Option pursuant to Section 22.1 of the Lease and the Agent's receipt pursuant to the next-to-last paragraph of Section 22.1 of the Lease of the Asset Termination Value in accordance with Section 20.2 of the Lease, shall be distributed by the Agent as promptly as possible (it being understood that any such payment received by the Agent on a timely basis and in accordance with the provisions of the Lease shall be distributed on the date on which such funds are so received) to pay in full or redeem the Participant Balance of each Participant and in the case that the amount so distributed shall be insufficient to pay in full as aforesaid, then pro rata among the Participants without priority of one over the other, in the proportion that the Participant Balance of each bears to the aggregate of all of the Participant Balances. (e) Notwithstanding any other provision in this Agreement, the Lease or any other Operative Document to the contrary, the Lessee, the Agent, the Participants and the Lessor agree that upon the maturity or acceleration of the Lessee's obligation to pay the Asset Termination Value, Residual Value Guarantee Amount or Purchase Option Price, any and all amounts of Cash Collateral that have been deposited by the Lessee pursuant to the Cash Collateral Agreement and that have not been withdrawn by the Lessee or offset or applied by the Lessor, the Agent or any Participant (in accordance with the terms of the Cash Collateral Agreement) as of such maturity or acceleration date, shall be required to be applied by the Agent and the Lessor to satisfy the Lessee's obligation to pay the unpaid amount of such portion of the Asset Termination Value, Purchase Option Price or Residual Value Guarantee represented by the Cash Collateral, notwithstanding the fact that such amounts may not then be actually available, for any reason attributable to the Lessor, the Agent...
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Purchase Payments by Lessee. Any payment received by the Agent as a result of: (a) the purchase of the Lessor's interest in the Property in connection with the Lessee's exercise of its Purchase Option under Section 20.1 of the Lease, or (b) the Lessee's compliance with its obligation to purchase the Lessor's interest in the Property in accordance with Section 20.2 of the Lease, or (c) the payment of the Asset Termination Value in accordance with Sections 16.2(b) or 16.3 of the Lease, or (d) the Lessee failing to fulfill one or more of the conditions to exercise of the Remarketing Option pursuant to Section 22.1 of the Lease and the Agent's receipt pursuant to the next-to-last paragraph of Section 22.1 of the Lease of the Asset Termination Value in accordance with Section 20.2 of the Lease, shall be distributed by the Agent as promptly as possible (it being understood that any such payment received by the Agent on a timely basis and in accordance with the provisions of the Lease shall be distributed on the date on which such funds are so received) to pay in full the Participant Balance of each Participant and in the case that the amount so distributed shall be insufficient to pay in full as aforesaid, then pro rata among the Participants without priority of one over the other, in the proportion that the Participant Balance of each bears to the aggregate of all of the Participant Balances.
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Purchase Payments by Lessee. 12 SECTION 3.13 Residual Value Guarantee Amount Payments by Lessee.....................................13 SECTION 3.14 Sales Proceeds of Property.............................................................14 SECTION 3.15
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Purchase Payments by Lessee. Any payment received by the Agent as a result of: (a) the purchase of the Lessor's interest in the Property in connection with the Lessee's exercise of its Purchase Option under Section 20.1 of the Lease, or (b) the Lessee's compliance with its obligation to purchase the Lessor's interest in the Property in accordance with Section 20.2 or 20.3 of the Lease, or (c) the payment of the Asset Termination Value in accordance with Sections 16.2(b) or 16.3 of the Lease, shall be distributed by the Agent in the following order of priority:
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Purchase Payments by Lessee. Any payment on any day (other than payments with respect to Excluded Amounts and Base Rent) made by Lessee pursuant to the Lease in connection with the purchase of the Properties in connection with Lessee's exercise of its Purchase Option under Section 5.1 of the Lease or Section 2.5(a)(viii) of the Construction Agency Agreement shall be made by Lessee to the Cash Collateral Account and withdrawn and distributed by the Collateral Agent as follows: (a) to the Commercial Paper Account of HSFC to repay in full the outstanding principal amount of the HSFC Loans, together without duplication for payments made under Section 10.2, with all accrued and unpaid interest thereon, (b) to the Liquidity Purchasers to pay in full the aggregate outstanding principal amount of the Facility Loans, together without duplication for payments made under Section 10.2, with all accrued and unpaid interest thereon, (c) to the Commercial Paper Account of the Conduit to repay in full the outstanding principal amount of all remaining B Loans, together without duplication for payments made under Section 10.2, with all accrued and unpaid interest thereon, (d) to each Investor to pay in full the Investor Amounts, together without duplication for amounts paid under Section 10.2, with all accrued and unpaid Yield on the Investor Contributions.
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Purchase Payments by Lessee. Any payment received by Agent as a result of: (a) the purchase of any Site or Equipment Group in connection with Lessee's exercise of its Purchase Option under Section 20.1 of the Lease;
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Purchase Payments by Lessee. (a) Any payment on any day (other than payments with respect to Excluded Amounts and Base Rent) made by Lessee pursuant to the Lease, including Supplemental Rent to pay any Break Costs resulting from such termination, in whole or in part, of a Lessor Hedging Agreement, in connection with the purchase of both Properties in connection with Lessee's exercise of its Purchase Option under Section 5.1 of the Lease, an Event of Loss with respect to both Properties under Section 14.1(a)(i) of the Lease or Section 2.5(a)(ix) of the Construction Agency Agreement shall be distributed by Administrative Agent as follows: (i) to the Liquidity Providers to reimburse in full the aggregate outstanding principal amount of the Borrowings made by the Liquidity Providers with respect to the Facility Loans, together without duplication for payments made under Section 10.2, with all accrued and unpaid interest thereon,
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Purchase Payments by Lessee. Any payment received by the Agent as a result of: (a) the purchase of the Lessor's interest in the Property in connection with the Lessee's exercise of its Purchase Option under Section 20.1 of the Lease, or (b) the Lessee's compliance with its obligation to purchase the Lessor's interest in the Property in accordance with Section 20.2 or 20.3 of the Lease, or (c) the payment of the Asset Termination Value in accordance with Sections 16.2(b) or 16.3 of the Lease, shall, subject to the provisions of Section 3.22, be distributed by the Agent in the following order of priority: first, to the Tranche A Participants and the Tranche B Participants, pro rata, for application to pay in full the Tranche A Participant Balance and Tranche B Participant Balance of each such Participant, and in the case where the amount so distributed shall be insufficient to pay in full as aforesaid, then pro rata among such Participants; and second, to the Tranche C Participants for application to pay in full the Tranche C Participant Balance of each Tranche C Participant, and in the case where the amount so distributed shall be insufficient to pay in full as aforesaid, then pro rata among the Tranche C Participants.
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Purchase Payments by Lessee. Subject to Section 13.8, any payment on any day (other than payments with respect to Excepted Payments) made by Lessee or any designee pursuant to the Lease as a result of Lessee's exercise of the Purchase Option (including the BI Purchase Option under Section 20.3 of the Lease) or the Maturity Date Purchase Option, or pursuant to Section 16.2 or 17.7 of the Lease, shall be made by Lessee or such designee to the Funding Account (which amount may, at Lessee's option, be credited toward the purchase price for the Property Interest), and withdrawn from the Funding Account and distributed by the Collateral Agent in the following order of priority: first, to be deposited in the Commercial Paper Account to repay in full the Commercial Paper in order of maturity (with such amount being credited to the outstanding principal and interest on the SPC Loans); and second, the balance, if any, to the Banks to pay in full the aggregate outstanding principal amount of the Facility Loans and all accrued interest (and breakage costs) thereon (with such amount being credited to the outstanding principal and interest on the SPC Loans); third, the balance, if any, to be distributed to each Investor to pay in full the Investor Contributions and all Investor Yield (and breakage costs) (provided that in the event that the amounts distributed pursuant to this clause third are insufficient to pay the Investor Contributions in full, such amounts shall be distributed to each Investor in accordance with such Investor's Percentage Share).
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Related to Purchase Payments by Lessee

  • PURCHASE PAYMENTS PURCHASE PAYMENTS - This Contract will not be in force until we receive the initial Purchase Payment. Your initial Purchase Payment is shown in the Contract Specifications. You may make additional Purchase Payments at any time before the Annuity Date, while the Annuitant is living and this Contract is in force. Each additional Purchase Payment must be at least $100 for Non-Qualified Contracts and $50 for Qualified Contracts. We may limit the amount of any single Purchase Payment. You must obtain our consent before making a Purchase Payment that will bring your aggregate Purchase Payments over $500,000. Purchase Payments are payable in U.S. dollars either at our Service Center or through our agent. Checks should be made payable to Pacific Mutual Life Insurance Company. If you make Purchase Payments by check other than a cashier's check, your withdrawal proceeds and any refund under your Right to Cancel may be delayed until your check has cleared. On request, a receipt for the Purchase Payment signed by an officer of PM will be provided after payment. PURCHASE PAYMENT ALLOCATION - Prior to your Annuity Date, you may allocate all or part of your Purchase Payments to one or more of the Investment Options available to you. The Investment Options available to you on the Contract Date are shown on your Contract Specifications page. You may change your allocation by sending us proper instructions (see GENERAL PROVISIONS: INSTRUCTIONS AND REQUESTS). We will allocate any Purchase Payment according to your most recent allocation instructions. We may reject any instruction or Purchase Payment that does not comply with our requirements. ALLOCATIONS DURING THE RIGHT TO CANCEL PERIOD - We will allocate your initial Purchase Payment in accordance with your most recent allocation instructions. However, if this Contract is issued in a state that requires us to refund all Purchase Payments according to the Right to Cancel provision, we will allocate the portion of your initial Purchase Payment designated for Variable Investment Options to the Money Market Portfolio, and the portion of your initial Purchase Payment designated for the Fixed Option to the Fixed Option. Any subsequent Purchase Payments that are received before the Right to Cancel Transfer Date will be allocated in the same manner as the initial Purchase Payment. On the Right to Cancel Transfer Date, which occurs 15 days after your Contract is issued, we will transfer the Account Value in the Money Market Portfolio to your Variable Investment Options in accordance with your most recent allocation instructions. We reserve the right to extend the Right to Cancel Transfer Date by the number of days in excess of ten days that the issue state allows you to return your Contract to us pursuant to your Right to Cancel right. MINIMUM INVESTMENT OPTION VALUE - We reserve the right to require that, as a result of any allocation to an Investment Option, any transfer, or any partial withdrawal, your remaining Account Value in any Investment Option must meet a minimum Account Value amount. We also reserve the right to transfer any remaining Account Value that does not meet such minimum amount to your other Investment Options on a prorata basis relative to your most recent allocation instructions for those Investment Options.

  • Lease Payments Tenant agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at month of , 20 or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.

  • Payments by Wire-Transfer All payments under this Single Family Shared-Loss Agreement shall be made by wire-transfer in accordance with the wire-transfer instructions on Exhibit 4.

  • EXPENSE PAYMENTS The Owner hereby gives power to the Agent to pay expenses and costs for the Property from the Owner’s funds held by the Agent, unless otherwise directed by the Owner. The expenses and costs may include, but are not limited to, property management compensation, fees and charges, expenses for goods and services, property taxes and other taxes, association or condominium dues, assessments, loan payments, and insurance premiums.

  • Payments by Assignor Assignor agrees to pay the Agent on the Assignment Date the registration fee required by §18.2 of the Credit Agreement.

  • Presumptions Regarding Payments by Borrower Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may (but shall not be obligated to), in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent on demand that amount so distributed to such Lender or the Issuing Bank, with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

  • Payment of Base Rent Tenant agrees to pay the Base Rent for the Premises. Monthly Installments of Base Rent shall be payable in advance on the first day of each calendar month of the Term. If the Term begins (or ends) on other than the first (or last) day of a calendar month, the Base Rent for the partial month shall be prorated on a per diem basis. Tenant shall pay Landlord the first Monthly Installment of Base Rent when Tenant executes the Lease.

  • Service Fees and Additional Charges Any applicable fees will be charged regardless of whether the Service was used during the billing cycle. There may be a charge for additional transactions and other optional services. You agree to pay such charges and authorize the Service to deduct the calculated amount from your designated Billing Account for these amounts and any additional charges that may be incurred by you. Any financial fees associated with your standard deposit accounts will continue to apply. You are responsible for any and all telephone access fees and/or Internet service fees that may be assessed by your telephone and/or Internet service provider.

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.

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