Sources of Payments Sample Clauses

Sources of Payments. If the Tendered Bonds are supported by a Credit Facility, the Paying Agent shall draw upon the Credit Facility the amount necessary to purchase the Tendered Bonds for which the Remarketing Agent has not received the Purchase Price not later than (A) 1:30 P.M. on the Purchase Date for Tendered Bonds that are to be in the Flexible Mode immediately after the Purchase Date, or (B) 4:00 P.M. one (1) Business Day before the Purchase Date for Tendered Bonds that are to be in any other Mode immediately after the Purchase Date. In determining the amount necessary to purchase such Tendered Bonds, the Paying Agent shall take into account any amounts drawn under the Credit Facility pursuant to Paragraph 308(c)(i) to pay interest on such Bonds on the Tender Date. If the Tendered Bonds are not supported by a Credit Facility, the Paying Agent shall not later than (A) 1:30 P.M. on the Purchase Date for Tendered Bonds that are to be in the Flexible Mode immediately after the Purchase Date, or (B) 4:00 P.M. one (1) Business Day before the Purchase Date for Tendered Bonds that are to be in any other Mode immediately after the Purchase Date, notify the Company of the amount necessary to purchase the Tendered Bonds for which the Remarketing Agent has not received the Purchase Price, and the Company shall pay the Paying Agent such amount not later than (A) 3:30 P.M. on the Purchase Date in the case of Tendered Bonds that are to be in the Flexible Mode immediately after the Purchase Date, or (B) 10:00 A.M. on the Purchase Date in the case of Tendered Bonds that are to be in any other Mode immediately after the Purchase Date. The Remarketing Agent shall deliver to the Paying Agent all amounts received by the Remarketing Agent as proceeds of the remarketing of Bonds at or before (A) the close of business on the Purchase Date for Tendered Bonds that are to be in the Flexible Mode immediately after the Purchase Date, (B) 2:00 P.M. on the Purchase Date for Tendered Bonds that are to be in the Weekly Mode immediately after the Purchase Date, or (C) 2:00 P.M. on the Purchase Date for Tendered Bonds that are to be in the Multiannual or Fixed Rate Mode immediately after the Purchase Date. If the Bonds are supported by a Credit Facility and the Remarketing Agent does not deliver to the Paying Agent proceeds of remarketing sufficient, together with amounts received from draws under the Credit Facility, to pay in full the Purchase Price of all Bonds due on the Purchase Date, the Paying Agen...
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Sources of Payments. The Trustee shall draw upon the Credit Facility ------------------- the amount necessary to purchase the Tendered Bonds for which the Remarketing Agent has not received the Purchase Price not later than 3:30 P.M. Boston, Massachusetts time one (1) Business Day before the Purchase Date. The Remarketing Agent shall deliver to the Trustee all amounts received by the Remarketing Agent as proceeds of the remarketing of Bonds at or before 10:00 A.M. Boston, Massachusetts time on the Purchase Date. If the Remarketing Agent does not deliver to the Trustee proceeds of remarketing sufficient, together with amounts received from draws under the Credit Facility, to pay in full the Purchase Price of all Bonds due on the Purchase Date, the Trustee shall make an additional draw on the Credit Facility pursuant to Clause (a) of Section 602 and thereafter the Borrower shall be liable for the shortfall.
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Sources of Payments. There is no obligation on the applicable Seller's or Bedford's part or on any other party to make supplemental payments in addition to those made by the Mortgagor (other than (a) the obligations of the Tenant under the related Credit Lease and (b) with respect to the USPS Lease Loans listed on Schedule IV, under which there are additional obligors), and the Loan contains no provisions whereby Monthly Loan Payments may be paid, in whole or in part, from any source other than the Mortgagor (other than from Monthly Rental Payments, by the Tenant under the related Credit Lease and from the Borrower Reserve Fund) or from funds deposited in any separate account established by the applicable Seller or Representing Party, the Mortgagor or any third party on the Mortgagor's behalf;
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Sources of Payments. There is no obligation on the Representing Party's part or on any other party to make supplemental payments in addition to those made by the Mortgagor (other than the obligations of the Tenant under the related Credit Lease), and the Credit Lease Loan contains no provisions whereby Monthly Loan Payments may be paid, in whole or in part, from any source other than the Mortgagor (other than from Monthly Rental Payments, by the Tenant under the related Credit Lease and from the Borrower Reserve Fund) nor from funds deposited in any separate account established by the Representing Party, the Mortgagor or any third party on the Mortgagor's behalf;
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Sources of Payments. The Remarketing Agent shall cause to be paid to the Paying Agent on the date fixed for purchase of tendered Tax Exempt Bonds, all amounts representing proceeds of the remarketing of such Bonds, such payments to be made in the manner and at the time specified in Section 4.1(d) above. If such amounts, plus all other amounts received by the Paying Agent for the purchase of tendered Tax Exempt Bonds, are not sufficient to pay the principal amount thereof plus the accrued and unpaid interest thereon (if any) to the purchase date, the Paying Agent shall immediately notify the Trustee and the Company of any deficiency. The Company shall deliver or cause to be delivered to the Paying Agent (A) immediately available funds in an amount equal to such deficiency prior to 2:15 p.m., New York City time, on the date set for purchase of tendered Tax Exempt Bonds bearing interest at Daily Rates, (B) immediately available funds in an amount equal to such deficiency prior to 12:00 noon, New York City time, on the date set for purchase of tendered Tax Exempt Bonds bearing interest at Weekly, Monthly or Quarterly Rates, and (C) next day funds in an amount equal to such deficiency prior to 12:00 noon, New York City time, on the date set for purchase of tendered Tax Exempt Bonds bearing interest at Semiannual or Term Rates. All moneys received by the Paying Agent as remarketing proceeds and additional amounts, if any, received from the Company shall be deposited by the Paying Agent in a special trust account to be used solely for the payment of the purchase price of tendered Tax Exempt Bonds and shall not be commingled with other funds held by the Paying Agent or the Trustee.
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Related to Sources of Payments

  • Collection of Payments Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents by charging Borrower’s deposit account number 4121261853 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

  • Terms of Payment 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity.

  • SOURCE OF PAYMENTS All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.

  • Recovery of Payments If Agent pays any amount to a Lender in the expectation that a related payment will be received by Agent from an Obligor and such related payment is not received, then Agent may recover such amount from each Lender that received it. If Agent determines at any time that an amount received under any Loan Document must be returned to an Obligor or paid to any other Person pursuant to Applicable Law or otherwise, then, notwithstanding any other term of any Loan Document, Agent shall not be required to distribute such amount to any Lender. If any amounts received and applied by Agent to any Obligations are later required to be returned by Agent pursuant to Applicable Law, each Lender shall pay to Agent, on demand, such Lender’s Pro Rata share of the amounts required to be returned.

  • Evidence of Payments As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

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