Schedule for Release of Funds Sample Clauses

Schedule for Release of Funds. 6.1 In accordance with the General Conditions and upon completion of a phase of the Project to the satisfaction of the Museum, and in exchange for delivery of the Project, as defined in the statement of phases in this Agreement, the Museum shall release funds to the Organization in accordance with Annex A: Deliverables and Release of Funds
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Schedule for Release of Funds. 4.1. It is understood and agreed that in accordance with the Terms and Conditions “TC” and subject to performance of the work to the entire satisfaction of the Museum and in consideration of the Project to be delivered as defined in the Scope of Work in this Agreement, the Museum shall pay the Organization an investment in accordance with Schedule “B” of this Agreement (Investment Amount and Terms for Release of Funds).
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Related to Schedule for Release of Funds

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

  • Source of Funds Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder:

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