Repayment to the Corporation Sample Clauses

Repayment to the Corporation. To the extent that the aggregate amount of cash deposited by the Corporation pursuant to the provisions of this Article 3 exceeds the aggregate purchase amount or portions thereof that the Corporation is obligated to purchase, then the Trustee shall return any such excess cash to the Corporation as soon as practicable following the completion of the applicable requirements hereunder.
AutoNDA by SimpleDocs
Repayment to the Corporation. The Trustee and any Paying Agent shall promptly pay to the applicable Issuer or the Guarantor (in the case of Guaranteed Debt Securities) upon Issuer Request of such Issuer or Guarantor Request, as the case may be, any money or governmental obligations not required for the payment of the principal of (and premium, if any) and interest on Debt Securities of any series for which currency or government obligations have been deposited pursuant to Section 1301 or Section 1302 held by them at any time.
Repayment to the Corporation a. The Owner must repay to the Corporation an amount equal to the total amount of the Corporation's portion of the premiums paid by the Corporation hereunder, less any amounts previously repaid to the Corporation by the Owner. This repayment must be made in accordance with Paragraphs 6 and 8 of this Agreement. b. The Owner will collaterally assign the death benefit under the insurance policy to the Corporation as security for repayment of the Corporation's portion of the premiums paid by the Corporation hereunder, less any amounts previously repaid to the Corporation by the Owner.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!