Settlement of Funds Sample Clauses

Settlement of Funds. (a) The method of payment from the Lenders to the Agent or from the Agent to the Lenders shall be notified by the Agent to each Lender in advance. (b) Any commissions, etc. payable under item (a) above shall be borne by the party making such payment.
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Settlement of Funds. (a) In accordance with Section 2.5(d), Borrower has terminated the Commitments of certain lenders party to the Loan Agreement before the effectiveness of this amendment, and on the effective date of this amendment Borrower shall pay to Agent for the account of those terminated lenders all amounts owing to those lenders in accordance with Sections 2.5(d)(ii). (b) In accordance with the amendments reflected in the attached Amended Schedule 1.1(a), certain Lenders are added as parties to the Loan Agreement by the effectiveness of this amendment, and on the effective date of this amendment those Lenders shall each jointly and severally pay to Agent their respective Commitment Percentages of the Principal Debt remaining after the payments by Borrower under Paragraph 3(a) above. (c) In accordance with the amendments reflected in the attached Amended Schedule 1.1 (a) certain Lenders have increased their respective Commitments by the effectiveness of this amendment, and on the effective date of this amendment those Lenders shall each jointly and severally pay to Agent their respective increased Commitment Percentages of the Principal Debt remaining after the payments by Borrower under Paragraph 3(a) above. (d) In accordance with the amendments reflected in the attached Amended Schedule 1.1 (a) certain Lenders have decreased their respective Commitments by the effectiveness of this amendment, and -- subject to the receipt of payments of funds under clauses (b) and (c) above, Agent shall pay to those Lenders their respective decreased Commitment Percentages of the Principal Debt remaining after the payments by Borrower under Paragraph 3(a) above. Upon receipt of replacement Notes pursuant to this amendment, each Lender severally agrees to return to Companies the Note or Notes being replaced.
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Settlement of Funds. The Parties agree to the reporting and settlement process set forth in this Section 3.3. (a) Retailer will transmit Sales Data to GDC in real time upon the completion of the applicable transaction at a Store. (b) GDC will deliver to Retailer the Daily Report not later than 9:00 a.m. Central Time on the [*]. (c) Retailer will initiate a wire transfer to the account designated in writing by Bank for the Gross Settlement Amount, net of any sales or other taxes, [*] later than [*] on the [*]after Retailer’s receipt of the Daily Report. Retailer’s wire of the Gross Settlement Amount pursuant to this Section 3.3(c) will satisfy and discharge all of Retailer’s obligations to Bank and GDC with respect to the Gross Settlement Amount for the applicable Billing Period. (d) Within sixty days of delivery of a Daily Report, any Party may deliver to the other Parties a request for adjustment to the amounts paid pursuant to the Daily Report and sufficient documentation to support such adjustment. Bank shall apply any undisputed adjustment to a Daily Report [*]. The Parties shall work together in good faith to resolve any disputes regarding adjustments and to automate the adjustment process.
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Settlement of Funds. Settlement of funds for transactions typically takes two (2) business days or more. Prior to settlement of funds for a transaction you may be limited from accessing funds (in the case of a sale transaction) or selling any purchased securities (in the case of a buy transaction) until the transaction has fully cleared and the respective funds and securities have settled. Pattern may arrange for funds to be provided to you by a third party for immediate use in advance of fund settlement. Any such funds provided in advance are not proceeds from the sales of securities. Pattern may suspend, cease, or refuse to provide such advance funds at any time in its sole discretion and without notice.
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Settlement of Funds. Upon termination of this Grant Agreement according to any paragraph in the Termination clause, within thirty (15) days after termination, Recipient shall return to __ any funds that have not been expensed or that are not otherwise obligated under a legally binding agreement.
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Settlement of Funds. Any commissions, etc. payable by one party to any of the other parties under this Agreement shall be borne by the party making such payment.
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Settlement of Funds. (1) Any settlement of funds between Agent and a Lender shall, in principle, be made through the Zengin System (on-line processing of domestic customer transfers operated by Japanese Bankers Association), and if such Lender prefers to use the Online Network System operated by The Bank of Japan, such Lender shall consult with Agent in advance; provided, however, that if such Lender has not enrolled in the Zengin System, settlement of funds shall be made in a bank account held in the name of such Lender at a bank designated by such Lender which has enrolled in the Zengin System. (2) Any fees payable for payment made by any party hereto to another party hereto pursuant to this Agreement shall be borne by the party making such payment.
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Settlement of Funds. 7.1 The Merchant shall agree on the commercial terms as define in the annexure C of this agreement. 7.2 The Merchant shall specify the option of payment to receive the settlement amounts in PKR for valid Online Transactions in annexure B. 7.3 The settlement period against all payment options is given below for reference, however, funds may be hold for longer period: PAYMENT OPTION SETTLEMENT PERIOD Funds Transfer Into Account With Settlement Bank T+2 Second Working Day Of Transaction Funds Transfer Into Other Bank Account T+3 Third Working Day Of Transaction Pay Order T+4 Fourth Working Day Of Transaction (a) For all the transactions undertaken between the Merchant Establishment and E- Merchants Factory, the Merchant Establishment has the option to open an account with E- Merchants Factory’s Acquiring Bank for real time settlement or the Merchant can request for settlement in his existing account, Funds of which will be settled. 3.2 For each transaction undertaken between the Merchant and the E-MERCHANTS FACTORY Customer, E-MERCHANTS FACTORY will Change the Merchant a transaction fee,"Merchant discount Rate" as follows rates: 3.2.1 Payment via QR: 1.00% + FED 3.2.2 Payment via NFC: % + FED 3.2.3 Payment via POS: % + FED 3.2.4 Payment via E-Commerce: % + FED 3.3 Any Revision, change or adjustment of the Transaction Fee shall be communicated to the Merchant from time to time and shall be binding. 3.4 Any and all payments made by E-MERCHANTS FACTORY under this agreement shall be paid after deduction of any applicable taxes, the transaction Fee and/or Chargeback if any. 3.5 E-Merchants Factory acknowledges and agrees that all transactions pertaining to settlement of accounts through debit or credit of the Merchant's account shall be subject to the approval of the Merchant
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Settlement of Funds 
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Related to Settlement of Funds

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

  • Disbursement of Funds (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender made available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Original Closing Date, such funds were made available at such earlier time as may be agreed among the Lenders, the Borrower and the Administrative Agent for the purpose of consummating the Transactions; provided further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time) on the date requested. (b) Each Lender shall make available all amounts it is to fund to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of Mandatory Borrowings and Borrowings to repay Unpaid Drawings) make available to the Borrower, by depositing to an account designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available in the applicable currency. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in the applicable currency. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. (c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to, fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder).

  • Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

  • Escrow of Funds Subject to the terms and conditions of the Grant Agreement, OPWC will disburse to Escrow Agent Grant funds available to Recipient, which disbursement shall be made by a check sent to Escrow Agent via regular U.S. Mail, or by such other means determined by the Director in the Director’s sole discretion, prior to the closing date as scheduled under the Contract (the “Escrow Funds”). The Escrow Funds shall be held by Escrow Agent, together with any funds of Recipient made available prior to closing on the terms and conditions hereinafter set forth.

  • Advancement of Funds In the case of each Mortgage Loan, neither the Mortgage Loan Seller nor, to the Mortgage Loan Seller's knowledge, any prior holder of such Mortgage Loan has advanced funds or induced, solicited or knowingly received any advance of funds from a party other than the owner of the related Mortgaged Property (other than amounts paid by the tenant as specifically provided under a related lease), for the payment of any amount required by such Mortgage Loan, except for interest accruing from the date of origination of such Mortgage Loan or the date of disbursement of the Mortgage Loan proceeds, whichever is later, to the date which preceded by 30 days the first due date under the related Mortgage Note.

  • Deposit of Funds Before 11:00 A.M., New York City time, on each Redemption Date, Fundamental Change Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose.

  • Retention of Funds Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.

  • Release of Funds On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest on the Notes will become due and payable and that interest on the Notes will cease to accrue from and after the Redemption Date, unless the Issuer fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Collateral from the Lien of this Indenture and release to the Issuer or any other Person entitled to funds then in the Bank Accounts under this Indenture according to Section 8.4(c).

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