Termination of Project Accounts Sample Clauses

Termination of Project Accounts. Upon the payment in full in cash of the Secured Obligations, this Agreement will terminate, and the Collateral Agent will, within thirty (30) days of receipt of a request from the Borrower, countersigned by the Intercreditor Agent, and at the expense of the Borrower, close the Project Accounts (other than the Operating Account and the Other Operating Accounts which will remain in existence at the full discretion of the Borrower) and/or liquidate any investments credited thereto and/or transfer the funds deposited therein or credited thereto, as directed by the Borrower. Thereafter, the Collateral Agent will be released from any further obligation to (a) comply with Entitlement Orders originated by the Intercreditor Agent to the extent that any of the Project Accounts (other than the Operating Account and the Other Operating Accounts) is a “securities account” under the applicable provision of the UCC or (b) comply with instructions originated by the Intercreditor Agent, to the extent that any of the Project Accounts (other than the Operating Account and the Other Operating Accounts) is a “deposit account” under the applicable provision of the UCC or
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Termination of Project Accounts. (i) Upon certification by Metropolitan Government and Bristol in writing that the Project Completion Date has occurred and all then legally owing Project Costs have been fully paid, then:
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Termination of Project Accounts. Pursuant to Section 5.10 of the Collateral Agency Agreement, upon the satisfaction in full of the Secured Obligations, Project Co may request that the Collateral Agent close certain Project Accounts and/or liquidate any investments credited thereto and/or transfer the funds deposited therein or credited thereto, as directed by Project Co. Project Co 25902862.2 Amended and Restated Schedule 15 Financing Agreement Obligations NG-KIH Project Implementation Agreement agrees not to give any of the foregoing requests or directions without the prior written consent of Operations Co.
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Termination of Project Accounts. Upon the payment in full in cash of the Secured Obligations, this Agreement will terminate, and the Collateral Agent will, within thirty (30) days of receipt of a request from the Borrower, countersigned by the Secured Creditors, and at the expense of the Borrower, close the Project Accounts and/or liquidate any investments credited thereto and/or transfer the funds deposited therein or credited thereto, as directed by the Borrower. Thereafter, the Collateral Agent will be released from any further obligation to (a) comply with Entitlement Orders originated by the Collateral Agent to the extent that any of the Project Accounts is a "securities account" under the applicable provision of the UCC or (b) comply with instructions originated by the Required Creditors, to the extent that any of the Project Accounts is a "deposit account" under the applicable provision of the UCC or (c) comply with any obligation under any Finance Document except as specifically provided herein or therein, in each case as contemplated herein or therein. Nothing contained in this Section 5.10 will be construed to modify or otherwise affect the Collateral Agent's Lien in the Project Accounts and the funds therein, prior to such closure and liquidation and/or transfer in accordance with the terms hereof.
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Termination of Project Accounts. Upon certification by the Parties that any one of the following has occurred: (a) all Project has been completed in accordance with this Agreement; or (b) either Party has exercised its termination right under this Agreement, and in all cases, all legally owing Project Costs have been fully paid or separately provided for, then the Project Accounts will be terminated. Upon termination, all remaining amounts in the Project Accounts shall be promptly liquidated and the Project Account funds shall be distributed and released to the Party that deposited such Project Funds in such Project Accounts. Disposition of amounts in the Project Accounts and interest as provided under this Agreement shall not satisfy, affect or resolve any claims or rights held or asserted by any Party related to or arising in connection with duties, disputes or performance unrelated to such disposition, arising under this Agreement or any other agreement.
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Termination of Project Accounts. Upon the payment in full in cash of the Secured Obligations, this Agreement will terminate, and the Collateral Agent will, within thirty‌
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Related to Termination of Project Accounts

  • EVALUATION OF PROJECT BENEFITS The goal of this task is to report the benefits resulting from this project. The Recipient shall:

  • Payment of Project Activities County will reimburse Subrecipient for eligible project-related costs only. Subrecipient shall submit requests for reimbursement to County on a monthly basis beginning on August 1, 2021, and must provide adequate documentation as required by County in accordance with the OC Community Resources Contract Reimbursement Policy, as set forth in Exhibit 1, attached hereto and incorporated herein by reference. In addition, Subrecipient will provide a progress Grantee Performance Report (“GPR Information Form”) for the time period covered, as prescribed by County. Failure to provide any of the required documentation and reporting will cause County to withhold all or a portion of a request for reimbursement, or return the entire reimbursement package to Subrecipient, until such documentation and reporting has been received and approved by County.

  • Transfer of Project Records Following Termination Following the termination of this Agreement for any reason, Contractor, without additional compensation, will provide any and all records relating to the goods and/or services provided by Contractor pursuant to this Agreement to the District and any other vendors that the District may engage to provide the same or similar goods and/or services in the future. Without additional compensation, Contractor shall in good faith cooperate with the District and any other vendors that the District may engage to ensure a smooth transition from Contractor to another vendor and to minimize any disruption in the provision of goods and/or services provided by Contractor to the District.

  • Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

  • Withdrawals upon Termination 31.4.1 Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order:

  • Payment of Project Costs The Grantee agrees that it will provide for payment of its full share of Project costs and that all costs connected with the Project will be paid by the Grantee on a timely basis.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Withdrawal of Property from Market or Termination of Discussions Potential Investor acknowledges that the Property has been offered for sale subject to withdrawal of the Property from the market at any time or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice, as well as the termination of discussions with any party at any time without notice for any reason whatsoever.

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

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