Restricted Payments and Transfers Sample Clauses

Restricted Payments and Transfers. The Borrower shall not permit Gross Revenues, or any Fund or Account or any other fund or account held under the Bond Resolutions, to be paid or transferred or otherwise applied for purposes other than ownership, operation or maintenance of, or capital improvements to, the Utility, except (i) as permitted pursuant to clause (a)(vii) of the Flow of Funds or (ii) with the prior consent of the WIFIA Credit Provider, which consent shall be in the WIFIA Credit Provider’s sole discretion.
Sample 1Sample 2
AutoNDA by SimpleDocs
Restricted Payments and Transfers. [The TIFIA Loan Agreement may include a covenant that requires satisfaction of certain conditions before full release of funds from the bottom of the waterfall].
Sample 1Sample 2
Restricted Payments and Transfers. The City shall not permit System Revenues or other assets of the Water System, or any funds in any System Account or in any other Water System fund or account held by or on behalf of the City, to be paid or transferred or otherwise applied for purposes other than ownership, operation or maintenance of, or capital improvements to, the Water System.
Sample 1
Restricted Payments and Transfers. The Borrower shall not permit Revenues or other assets of the System, or any funds in any accounts held under the Bond Resolution or in any other fund or account held by or on behalf of the Borrower, to be paid or transferred or otherwise applied for purposes other than as permitted by Tennessee Code Annotated Section 7-34-115.
Sample 1
Restricted Payments and Transfers. The Borrower shall not permit Net Revenues Available for Debt Service, or any funds in any of the Funds and Accounts, to be paid or transferred or otherwise applied for purposes that would violate the terms of the Subordinate Trust Agreement or the Enabling Act.
Sample 1
Restricted Payments and Transfers. The District shall not permit Revenues or any funds in any other fund or account held by or on behalf of the District with respect to the System, to be paid or transferred or otherwise applied for purposes that would violate the terms of Section 5.02 (Allocation of Revenues) of each WIFIA IPA.
Sample 1
Restricted Payments and Transfers. The City shall not permit Revenues or any funds in any other fund or account held by or on behalf of the City with respect to the System to be paid or transferred or otherwise applied for purposes other than ownership, operation or maintenance of the System.
Sample 1
AutoNDA by SimpleDocs
Restricted Payments and Transfers 
Sample 1Sample 2Sample 3

Related to Restricted Payments and Transfers

  • Payments and Transfers 1. Except under the circumstances envisaged in Article 9.2, a Party shall not apply restrictions on international transfers and payments for current transactions with another Party.

  • Restricted Payments Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:

  • Rollover Contributions and Transfers The Custodian shall have the right to receive rollover contributions and to receive direct transfers from other custodians or trustees. All contributions must be made in cash or check.

  • Assignments and Transfers No Party may assign any of its rights and benefits or transfer any of its rights, benefits and obligations in respect of any Debt Documents or the Liabilities except as permitted by this Clause 19.

  • Permitted Payments Hedging Liabilities

  • Payment and Transfer of Interest Buyer shall pay interest on cash held as Performance Assurance, at the Interest Rate and on the Interest Payment Date. Buyer will transfer to Seller all accrued Interest Amount on the unused cash Performance Assurance in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in Appendix X (Notices).

  • Transfers and Payments 1. Each Party shall permit transfers and payments for current transactions relating to its specific commitments to be made freely and without delay into and out of its territory. 2. Each Party shall permit such transfers and payments relating to the supply of services to be made in a freely usable currency at the market rate of exchange prevailing on the date of transfer. 3. Notwithstanding paragraphs 1 and 2, a Party may prevent or delay a transfer or payment through the equitable, non- discriminatory and good faith application of its laws relating to: (a) bankruptcy, insolvency or the protection of the rights of creditors; (b) issuing, trading or dealing in securities, futures, options, or derivatives; (c) financial reporting or record keeping of transfers when necessary to assist law enforcement or financial regulatory authorities; (d) criminal or penal offences; or

  • Prohibited Payments The following types of payments are prohibited through the Service, and we have the right but not the obligation to monitor for, block, cancel and/or reverse such payments:

  • Permitted Transfers The provisions of Section 8.1 shall not apply to (a) a transfer or an assignment of this Lease in connection with the sale of substantially all the original Tenant’s assets if: (I) such sale of assets occurs on an arms’-length basis, to an unrelated third party, and is for a bona fide business purpose and not primarily to transfer Tenant’s interest in this Lease; and (II) upon the consummation of the transfer or assignment, the transferee or assignee is, in the sole, but reasonable determination of Landlord (and its lender, if applicable), capable of satisfying all of Tenant’s obligations hereunder; (b) an assignment of this Lease to a successor to Tenant by merger, consolidation, reorganization or similar corporate restructuring or to an entity that controls, is controlled by, or is under common control with, Tenant; or (c) a subletting of the Premises or any part thereof. In the case of an assignment or sublease that is expressly permitted pursuant to (a) or (c) of this Section 8.3, Tenant shall nevertheless be required to provide Landlord with notice of such assignment or sublease and a true and complete copy of the fully-executed documentation pursuant to which the assignment or sublease, as applicable, has been effectuated within ten (10) business days after the effective date of such assignment or sublease. Any permitted transferee under (a) of this Section 8.3 shall execute and deliver to Landlord any and all documentation reasonably required by Landlord in order to evidence assignee’s assumption of all obligations of Tenant hereunder and to evidence the assignee’s compliance (or ability to comply) with (a)(II) above. Notwithstanding anything to the contrary contained in this Section 8.3, in no event may Tenant assign, mortgage, transfer, pledge or sublease this Lease to any entity whatsoever if, at the time of such assignment, mortgage, transfer, pledge or sublease, a Default has occurred and remains continuing under this Lease.

  • Permitted Transfers Within Escrow 5.1 Transfer to Directors and Senior Officers

Time is Money Join Law Insider Premium to draft better contracts faster.