True-Up Procedures Sample Clauses

True-Up Procedures. Within seventy-five (75) days after the end of each Fiscal Year, FF&E Reserve Payments deposited into the FF&E Reserve Account or the Cash Trap Account, as applicable, during such Fiscal Year shall be adjusted to ensure that the aggregate amount of all deposits made into the FF&E Reserve Account or the Cash Trap Account, as applicable, during such Fiscal Year is equal to the amount required to have been deposited therein in accordance with the FF&E Reserve requirements of the Operating Agreements and this Agreement. Any shortfall in the FF&E Reserve Account or the Cash Trap Account, as applicable, on the date such adjustment is computed, to the extent not otherwise funded by Lessee, shall be funded into the FF&E Reserve Account from amounts that otherwise would be distributed to Lessee from the Cash Management Account immediately following the end of the Accounting Period in which such adjustment is computed, and any overages shall be paid to or as directed by Lessee from the FF&E Reserve Account on such date.
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True-Up Procedures. Notwithstanding anything to the contrary in Section 6.1, if a Seller posts Credit Support in the form of cash to Buyer under this Section 6.1 and such Seller determines in its good faith discretion that the amount such Seller actually received as Credit Support in the form of cash with respect to such Transaction from or on behalf of a Non-Split Counterparty that is a party to such Transaction is different than the amount posted by such Seller to Buyer with respect thereto, then such Seller shall notify Buyer of such difference and such Seller and Buyer shall within three Business Days following such notice exchange payments so that after giving effect to such corrective payments, such Seller has paid and Buyer has received, with respect to such Transaction, an amount of Credit Support in the form of cash collateral equal to the sum of (i) the amount of Credit Support in the form of cash collateral actually received by such Seller from the applicable Non-Split Counterparty with respect to such Transaction plus (ii) interest on such corrective amount at the Interest Rate from the date such *** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE COMMISSION Credit Support was initially posted in accordance with Section 6.1 to but excluding the date of such corrective payment. If Buyer posts Credit Support in the form of cash or a letter of credit to a Seller under Section 6.1(a) and such Seller determines in its good faith discretion that a different amount of Credit Support was required pursuant to the terms of the applicable Trading Contracts and such different amount is posted by or to such Seller under such Trading Contract to the Seller, then such Seller shall notify Buyer of such difference and such Seller and Buyer shall within three Business Days following such notice exchange Credit Support in the form of cash (or, in the case of an additional amount of Credit Support to be posted by Buyer, with the consent of XXXX or the applicable Seller, in the form of a letter of credit that complies with the applicable Trading Contract and the provisions of Section 6.1(i)(i)) so that after giving effect to such corrective payments, Buyer has posted and such Seller has received with respect to such Transaction an amount equal to the sum of (A) Credit Support in the form of cash collateral equal to the amount of Credit Support in the form of cash collateral or letters of credit actually posted by such Seller to the applicable Counterparty with respect to ...
Sample 1
True-Up Procedures. (a) Wxxxx Fargo and the 7-Eleven Entities agree and acknowledge that any Final Difference will be reconciled and paid as provided herein.
Sample 1
True-Up Procedures. (a)Within fifteen (15) days after the end of each calendar quarter, the amount of FF&E Replacement Funds shall be adjusted to ensure that the aggregate amount of all FF&E Replacement Funds during such calendar quarter is equal to the amount required to have been deposited therein in accordance with this Agreement. Any shortfall in the amount of FF&E Replacement Funds deposited hereunder on the date such adjustment is computed, to the extent not otherwise funded by Borrower, shall be deposited by Borrower on the Monthly Payment Date immediately following the end of the calendar month in which such adjustment is computed, and any overages shall be paid to or as directed by Borrower on such date.
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Related to True-Up Procedures

  • New Procedures New procedures as to who shall provide certain of these services in Section 1 may be established in writing from time to time by agreement between the Fund and the Transfer Agent. The Transfer Agent may at times perform only a portion of these services and the Fund or its agent may perform these services on the Fund's behalf;

  • Reply Procedures In connection with any Auction, each Lender holding the relevant Term Loans subject to such Auction may, in its sole discretion, participate in such Auction and may provide the Auction Agent with a notice of participation (the “Return Bid”) which shall be in a form reasonably acceptable to the Auction Agent, and shall specify (i) a discount to par (that must be expressed as a price at which it is willing to sell all or any portion of such Term Loans) (the “Reply Price”), which (when expressed as a percentage of the par principal amount of such Term Loans) must be within the Discount Range and (ii) a principal amount of such Term Loans, which must be in whole increments of $1,000,000 (or, in any case, such lesser amount of such Term Loans of such Lender then outstanding or which is otherwise reasonably acceptable to the Auction Agent) (the “Reply Amount”). Lenders may only submit one Return Bid per Auction, but each Return Bid may contain up to three bids only one of which may result in a Qualifying Bid. In addition to the Return Bid, the participating Lender must execute and deliver, to be held in escrow by the Auction Agent, an Assignment and Assumption with the dollar amount of the Term Loans to be assigned to be left in blank, which amount shall be completed by the Auction Agent in accordance with the final determination of such Lender’s Qualifying Bid pursuant to clause (c) below. Any Lender whose Return Bid is not received by the Auction Agent by the Auction Response Date shall be deemed to have declined to participate in the relevant Auction with respect to all of its Term Loans.

  • Allocation Procedures On each Business Day, the Credit Facility Team shall seek to collect data on the uninvested cash of Funds listed on Schedule B hereto from such Funds’ custodian. On each occasion that a Fund delivers Borrowing Instructions to the Credit Facility Team, the Credit Facility Team will seek to match the amount and term of the Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Board of Trustees. The Credit Facility Team shall allocate the borrowing demand and lending needs among the Funds on what the Credit Facility Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures. The Credit Facility Team shall not solicit cash for Loans from any Funds or publish or disseminate the amount of any current borrowing demand to the Adviser’s investment personnel. No Loan may be made unless the Interest Rate is more favorable for the Lender than both the OTD Rate and the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.

  • Election Procedures Each holder of record of shares of Company Common Stock (“Holder”) shall have the right, subject to the limitations set forth in this Article II, to submit an election in accordance with the following procedures:

  • Billing Procedures The Partnership will reimburse ETRN, or the ETRN Entities providing the G&A Services, as applicable (the “Service Provider”), for billed costs no later than the later of (a) the last day of the month following the performance month, or (b) thirty (30) business days following the date of the Service Provider’s billing to the Partnership. Xxxxxxxx and payments may be accomplished by inter-company accounting procedures and transfers. The Partnership shall have the right to review all source documentation concerning the liabilities, costs, and expenses upon reasonable notice and during regular business hours.

  • Review Procedures A request for review of a denied claim must be made in writing to Plan Administrator within sixty (60) days after receiving notice of denial (one hundred eighty (180) days in the case of a claim involving Disability Retirement Benefits). The decision upon review will be made within sixty (60) days after Plan Administrator’s receipt of a request for review (forty-five (45) days in the case of a claim involving Disability Retirement Benefits), unless special circumstances require an extension of time for processing, in which case a decision will be rendered not later than one hundred twenty (120) days after receipt of a request for review (ninety (90) days in the case of a claim for Disability Retirement Benefits). A notice of such an extension must be provided to the Claimant within the initial sixty (60) day period (the initial forty-five (45) day period in the case of a claim for Disability Retirement Benefits) and must explain the special circumstances and provide an expected date of decision. The reviewer shall afford the Claimant an opportunity to review and receive, without charge, all relevant documents, information and records and to submit issues and comments in writing to Plan Administrator. The reviewer shall take into account all comments, documents, records and other information submitted by the Claimant relating to the claim regardless of whether the information was submitted or considered in the benefit determination. Upon completion of its review of an adverse initial claim determination, Plan Administrator will give the Claimant, in writing or by electronic notification, a notice containing:

  • Proration Procedures All Term Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying Bids equal to the Applicable Threshold Price will be purchased at a purchase price equal to the Applicable Threshold Price; provided that if the aggregate principal amount of all Term Loans for which Qualifying Bids have been submitted in any given Auction equal to the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term Loans purchased below the Applicable Threshold Price), the Offeror shall purchase the Term Loans for which the Qualifying Bids submitted were at the Applicable Threshold Price ratably based on the respective principal amounts offered and in an aggregate amount up to the amount necessary to complete the purchase of the Auction Amount. For the avoidance of doubt, no Return Bids (or any component thereof) will be accepted above the Applicable Threshold Price.

  • Selection Procedures In selecting the Loan Assets to be Pledged pursuant to this Agreement, no selection procedures were employed which are intended to be adverse to the interests of the Lenders.

  • Escalation Procedures Documented customer support processes are to be developed by PSI. Specific process documentation is required for the following: o customer support procedures o trouble escalation procedures o trouble ticketing, tracking, and resolution PSI must provide information to the IXC customer describing customer support, problem resolution, and trouble escalation procedures, customer contact information, and trouble reporting methods.

  • Sale Procedures In connection with its obligations under this Article II, the Partnership will, as expeditiously as possible:

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