Right to Rely on Payments Sample Clauses

Right to Rely on Payments. (a) Unless the Agent shall have been notified in writing by a Purchaser by 2:00 p.m., Seattle time, on the day prior to a Purchase (other than a Reinvestment) that such Purchaser will not make available the amount which would constitute its Pro Rata Share of the amount to be paid in connection with such Purchase, the Agent may assume that such Purchaser has made such amount available to the Agent and, in reliance upon such assumption, make available to the Seller a corresponding amount. If and to the extent that such Purchaser shall not have made such amount available to the Agent, such Purchaser and the Seller severally agree to repay the Agent forthwith on demand such amount together with interest thereon, for each day from the date the Agent made such amount available to the Seller to the date such amount is repaid to the Agent, at the Yield Rate applicable to such Purchase when first made. (b) Unless the Agent shall have been notified by telephone and such notice shall have been confirmed in writing by the Master Servicer by 2:00 p.m., Seattle time, on the day prior to the date any payment is due hereunder that the Master Servicer will not make the full amount of all payments scheduled to be made by it on such due date, the Agent may assume that the Master Servicer has made such amount available to the Agent and, in reliance upon such assumption, make available to itself and the Purchasers their respective shares of such amount. If the Agent makes any such amount available to any Purchaser, but such amount was not in fact made available by the Master Servicer to the Agent on such due date, such Purchaser shall pay to the Agent on demand the amount previously made available to such Purchaser, together with interest on such amount at the daily average Federal Funds Rate for the number of days from and including the date on which such Purchaser received such amount to the date on which such amount becomes immediately available to the Agent. A statement of the Agent submitted to any Purchaser with respect to any amounts owing under this paragraph shall be conclusive and binding in the absence of manifest error. If such amount is not in fact repaid to the Agent by such Purchaser within two Business Days after the date on which such Purchaser is informed by the Agent that such amount was not made available to the Agent by the Purchaser then the Agent shall be entitled to recover on demand an amount calculated in the manner specified in the second preceding s...
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Related to Right to Rely on Payments

  • OUR RIGHT TO RECOVER PAYMENT If we make a payment under this policy and the person to or for whom payment was made has a right to recover damages from another we shall be subrogated to that right. That person shall do:

  • Right to Relet If the Landlord elects to re-enter the Demised Premises as herein provided, or if it takes possession pursuant to legal proceedings or pursuant to any notice provided for by law, it may either terminate this Lease or it may from time to time without terminating this Lease make such alterations and repairs as are necessary in order to relet the Demised Premises or any part thereof for such term or terms (which may be for a term extending beyond the Term) and at such Rent and upon such other terms, covenants and conditions as the Landlord in its sole discretion considers advisable. Upon each such reletting all rent received by the Landlord from such reletting shall be applied first, to the payment of any indebtedness other than Rent due hereunder from the Tenant to the Landlord; second, to the payment of any costs and expenses of such reletting, including brokerage fees, and solicitor’s fees and of costs of such alterations and repairs; third, to the payment of Rent due and unpaid hereunder; and the residue, if any, shall be held by the Landlord and applied in payment of future rent as the same becomes due and payable hereunder. If such Rent received from such reletting during any month is less than that to be paid during that month by the Tenant hereunder, the Tenant shall pay any such deficiency which shall be calculated and paid monthly in advance on or before the first day of each and every month. No such re-entry or taking possession of the Demised Premises by the Landlord shall be construed as an election on its part to terminate this Lease unless a written notice of such intention is given to the Tenant. Notwithstanding any such reletting without termination the Landlord may at any time thereafter elect to terminate this Lease for such previous breach. If the Landlord at any time terminates this Lease for any breach, in addition to any other remedies it may have, it may recover from the Tenant all damages it incurs by reason of such breach, including the cost of recovering the Demised Premises, solicitor’s fees (on a solicitor and client basis) and including the worth at the time of such termination of the excess, if any, of the amount of Rent and charges equivalent to Rent required to be paid pursuant to this Lease for the remainder of the stated Term over the then reasonable rental value of the Demised Premises for the remainder of the stated Term, all of which amounts shall be immediately due and payable by the Tenant to the Landlord. In any events referred to in Section 11.1(e), in addition to any and all other rights, including the rights referred to in this Section and in Section 11.1(e), the full amount of the current month’s instalment of Additional Rent and any other payments required to be made monthly hereunder, together with the next three months instalments for Additional Rent, all of which shall be deemed to be accruing due on a day-to-day basis, shall immediately become due and payable as accelerated Rent, and the Landlord may immediately distrain for the same, together with any arrears then unpaid.

  • Right to Reject The Department reserves the right to accept or reject all proposals, or separable portions thereof, and to waive any minor irregularity, technicality, or omission if the Department determines that doing so shall serve the Department’s best interests. The Department may reject any proposal not submitted in the manner specified by the solicitation documents.

  • Right to Rescind You have the right to rescind this Agreement within three (3) business days of your receipt of this Agreement by contacting Starion at: 0-000-000-0000; xxxxxx@xxxxxxxxxxxxx.xxx; or P.O. Box 845, Middlebury, CT 06762.

  • Right to Re-enter In the event of any such default by Tenant, Landlord shall have the right, after terminating this Lease, to re-enter the Premises and remove all persons and property. Such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the account of Tenant, and disposed of by Landlord in any manner permitted by law.

  • Entitlement to Rebate Upon timely demand, non-members may apply to the Association for an advance reduction/rebate of the fair share fee pursuant to the internal procedure adopted by the Association.

  • Right to Refuse Overtime All employees shall have the right to refuse to work overtime, except when required to do so in emergency situations, without being subject to disciplinary action for so refusing.

  • Right to Receive Documentation of Transfers If you arrange to have direct deposits made to your Account at least once every sixty (60) days from the same person or company, you can call your Financial Advisor to verify such deposits. In addition, you will receive a periodic account statement (in accordance with Section 16 of the Client Agreement) that will show all activity in your Account, including any Transfer.

  • Right to Refuse Unsafe Work Employees have the right to refuse to perform unsafe work pursuant to the Occupational Health and Safety Regulations of the Workers Compensation Act.

  • Right to Receive Documentation a. Periodic Statements. Transfers and withdrawals made through any ATM or POS terminal, debit card transactions, audio response transactions, preauthorized EFTs, online/PC transactions, mobile access device transactions or xxxx payments you make will be recorded on your periodic statement. You will receive a statement monthly unless there is no transaction in a particular month. In any case, you will receive a statement at least quarterly.

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