STANDSTILL; FUNDS TRANSFER PROCESSING Sample Clauses

STANDSTILL; FUNDS TRANSFER PROCESSING. During the period (the "STANDSTILL PERIOD") commencing upon the occurrence of the Effective Date (as defined below) and ending on the earlier to occur of (a) 5:00 pm (New York time) on October 11, 2002 and (b) the rescission of the standstill described in this Section 1 pursuant to Section 3 (such earlier date being the "TERMINATION DATE"), each Lender and the Agent agrees (i) with respect to the Existing Defaults that it will not exercise any of its rights or remedies under or with respect to the Credit Agreement or any Note, including, without limitation, any right to declare the Notes, all interest thereon and all other amounts payable under the Credit Agreement to be forthwith due and payable, any Guaranty or any other agreement, document or instrument executed and delivered in connection with the Credit Agreement or a Guaranty (collectively with the Credit Agreement, the Notes and the Guaranty, the "CREDIT DOCUMENTS") and (ii) that it will not commence or file any suit, proceeding or litigation in any court, governmental agency or arbitrator against the Borrower or any of its Subsidiaries in any way relating to the Credit Documents or the Advance. On the Termination Date (and on the Second Termination Date, if applicable) without any further action by the Agent or any Lender, all of the terms and provisions set forth in the Credit Agreement with respect to the Existing Defaults shall have the same force and effect as if this Agreement had not been entered into by the parties hereto, and the Agent and each of the Lenders shall have all of the rights and remedies afforded to them under the Credit Agreement and applicable law with respect to the Existing Defaults as though no standstill had been granted by them hereunder. Nothing in this Section 1 (or in Section 5, as applicable) shall affect the rights and remedies of the Agent and the Lenders under or in connection with the Credit Agreement with respect to any Event of Default, other than the Existing Defaults, or any other event or occurrence. Further, the Lenders and the Agent undertake hereby, at all times during the Standstill Period, (and during the Second Standstill Period, if applicable) to process all transfers of funds to or for the benefit of the Borrower or any of its Subsidiaries during the course of each Business Day in a time frame consistent with commercially reasonable, normal banking practices applicable to funds transfers generally (it being understood that neither the Agent nor any L...
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Related to STANDSTILL; FUNDS TRANSFER PROCESSING

  • FUNDS TRANSFER ADDENDUM Security Procedure(s)

  • Income Collection, Transaction Processing, Account Administration 0.25 of a basis point per annum on the average net assets of the Fund.

  • Funds Transfers With respect to each Instruction for a Cash transfer, when the Instruction is to credit or pay a party by both a name and a unique numeric or alpha-numeric identifier (e.g., IBAN or ABA or account number), BNY Mellon and any other bank participating in the Cash transfer will be entitled to rely solely on such numeric or alpha-numeric identifier, even if it identifies a party different from the party named. Such reliance on an identifier will apply to beneficiaries named in the Instruction, as well as any financial institution that is designated in the Instruction to act as an intermediary in such Cash transfer. To the extent permitted by applicable law, the Parties will be bound by the rules of any transfer system used to effect a Cash transfer under this Agreement.

  • Funds Transfer The Administrative Agent will, in its sole discretion, determine the funds transfer system and the means by which each transfer will be made. The Administrative Agent may delay or refuse to accept a funds transfer request if the transfer would: (i) violate the terms of this authorization, (ii) require use of a bank unacceptable to the Administrative Agent or any Lender or prohibited by any Governmental Authority, (iii) cause the Administrative Agent or any Lender to violate any Federal Reserve or other regulatory risk control program or guideline or (iv) otherwise cause the Administrative Agent or any Lender to violate any Applicable Law or regulation.

  • Transactions in Foreign Custody Account (a) Except as otherwise provided in paragraph (b) of this Section 3.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign securities of the Fund held outside the United States by foreign sub-custodians.

  • DEPOSIT OF FUND ASSETS WITH THE UNDERLYING TRANSFER AGENT Underlying Shares beneficially owned by the Fund, on behalf of a Portfolio, shall be deposited and/or maintained in an account or accounts maintained with an Underlying Transfer Agent and the Custodian’s only responsibilities with respect thereto shall be limited to the following:

  • Remittance Processing Services In order to provide a means of collection of the Receivables which will allow the Trustee to receive the proceeds of the Receivables and related security without AmeriCredit or its Affiliates having access to the funds, the parties hereto agree for the benefit of the Trustee that the processing services (the “Service(s)”) of Processor will be used for the collection and the deposit of remittances related to the Receivables and related security.

  • Stop Transfer Instructions In order to enforce the foregoing covenants, the Company may impose stop-transfer instructions with respect to the securities of each Holder (and the securities of every other person subject to the restrictions in Section 1.14(a)).

  • Wire Transfer Instructions I will wire funds from my outside account according to the “Subscription Instructions” Page. ____ I will wire funds from my Aegis Capital Account. ____The funds for this investment are rolled over, tax deferred from __________ within the allowed 60 day window. Investor Signature Date Investor Signature Date

  • Investment of Funds in the Collection Account The Servicer may direct any depository institution which holds the Collection Account to invest the funds in the Collection Account in one or more Permitted Investments bearing interest. All such Permitted Investments shall be held to maturity, unless payable on demand. In the event amounts on deposit in the Collection Account are at any time invested in a Permitted Investment payable on demand, the Servicer shall:

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