Transfers from the Debt Service Payment Account Sample Clauses

Transfers from the Debt Service Payment Account. On each Payment Date, or any other date on which a Reimbursement Obligation is due and payable, pursuant to a timely Transfer/Withdrawal Request submitted by the Borrower, and countersigned for approval by DOE, not less than ten Business Days before such Payment Date, after completion of the transfers contemplated by Section 2.06 (Revenue Accounts), the Collateral Agent shall cause the Depositary Bank to transfer from the Debt Service Payment Account to FFB or DOE, as applicable, not later than 12:00 p.m. New York time all amounts then due with respect to the Loan or the Reimbursement Obligations, respectively. All payments made in respect of the Loan or the Reimbursement Obligations shall be made in accordance with the following priorities:
Sample 1
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Related to Transfers from the Debt Service Payment Account

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Definitions For purposes of this Agreement:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • NOW, THEREFORE the parties hereto agree as follows:

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