Withdrawals from Account. (a) Prior to the termination of this Agreement, the Adviser shall have the right, at its sole discretion, to withdraw all or a portion of the Assets from the Account. Typically, five days’ notice will be provided to the Sub-Adviser. Unless and until otherwise provided by the Adviser in any written withdrawal notice, income and other money so arising with respect to the Assets shall form part of the Account.
(b) Notwithstanding the provisions of sub-paragraph (a) above where a notice of withdrawal in respect of any part of the Assets has been served and:
(i) the Sub-Adviser has, prior to receipt of such notice, entered into an irrevocable commitment to dispose of such part; or
(ii) the Sub-Adviser has, prior to such receipt, entered into an irrevocable commitment to make a payment for the acquisition of any asset on behalf of the Account, such that the withdrawal may not be made, and the Sub-Adviser shall be entitled to deal with such part of the Assets to which the notice of withdrawal relates to the extent necessary to fulfill such commitments and will as soon as practicable transfer to or to the order of the Adviser the proceeds of disposal of such part of the Assets and any assets acquired pursuant to or in connection with the fulfillment of such commitment.
Withdrawals from Account. Amounts credited to the Certificate Account on any Distribution Date shall be withdrawn by Xxxxxx Mae for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account in any month following distribution of the Certificate Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty obligations under Section 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.
Withdrawals from Account. (s). Unless we have agreed with you otherwise and have indicated our agreement on your account(s) records, each of you, acting singly, may withdraw funds from your account(s) by signing as the maker of any check, signing any withdrawal order, or otherwise as we may permit. Any of you may endorse any item payable to you or your order for deposit into your account(s). You agree not to postdate any check or other order for withdrawal. If you do postdate any item, you agree that we may charge your account(s) for the item even though payment is made before the date on the check. We will not do this if we have received written notice from you with respect to such postdating which notice must be delivered in time for us to have a reasonable opportunity to act on it and must identify the check by date, number, amount and payee.
Withdrawals from Account. Any amount you, your Designated Beneficiary or another person receives from your Account, as directed by you, is called a “withdrawal.” Withdrawals will be made from your Account after (i) your verbal authorization confirmed via telephone; or (ii) your submission of a NextGen 529 Withdrawal Request Form (and any additional required documentation) or any other withdrawal form required by the Recordkeeping Agent and its acceptance by the Program. Rules and limitations on withdrawals are described in the Program Description under the section titled “PARTICIPATION AND ACCOUNTS.”
Withdrawals from Account. You may debit my account the amount of any payment order communicated to you by any means unless you have reason to believe that the payment order is not proper or unless I have countermanded that order by any verifiable means. You are not obliged to certify any payment order made by me. If you do not honour a payment order because you do not believe it to be proper, I agree that you will not be responsible for any damage resulting to me. If I have more than one account, you may debit any one of them, even if the payment order refers to a particular account. I will be responsible for the accuracy and validity of any pre-authorized debits (PADs) from my account unless I report any errors within the applicable period (10 business days for business PADs and 90 calendar days for consumer PADs) Accounts requiring multiple signatures – Any joint, personal accounts under this membership that indicate two or more signatures required is for my reference only and will be monitored by myself or other account holders for valid signatures on completed transactions. The Credit Union will not monitor transactions for valid signatures and therefore cannot guarantee that such transactions will or will not be paid.
Withdrawals from Account. The Escrow Bank shall withdraw amounts from the Escrow Account and appropriate the same in the following order every month and deposit in the relevant sub-account for payments and if not due in a month then appropriate proportionately in such month and retain in the sub-account and pay out there from on the stipulated payment date(s). The Escrow Bank shall withdraw amounts from the Escrow Account and appropriate the same in the following order every month and deposit in the relevant sub-account for payments and if not due in a month then appropriate proportionately in such month and retain in the sub-account and pay out there from on the stipulated payment date(s):
(i) All taxes due and payable by the Concessionaire;
(ii) Any payments and damages due and payable by the Concessionaire to the NRDA pursuant to this Agreement
(iii) All expenses in connection with and relevant to the construction of Project (inter alia design, engineering, procurement and construction) by way of payment to the relevant Contractors, subject to and in accordance with the (A) conditions, if any, set forth in the Financing Documents; and (B) the payment disbursement schedule for Concessionaire that shall be linked to Project Progress ;
(iv) Monthly proportionate provision of debt service payments pursuant to the Financing Documents due in an Accounting Year and payment of debt service in the month when due;
(v) Any reserve requirements set forth in the Financing Documents and the Project
(vi) Subject to the provisions of this Agreement, the balance in accordance with the instructions of the Concessionaire. Provided in the event the Lenders /NRDA notify the Escrow Bank of a Concessionaire Event of Default or Force Majeure Event, the Escrow Bank shall not make any payments from the Escrow Account to the accounts of the Concessionaire. Provided further that the payments to the accounts of the Concessionaire shall always be made only in accordance with the payment disbursement schedule for Concessionaire that shall be linked to achievement of Project Milestones within the Milestone Dates by the Concessionaire, as certified by the Independent Engineer.
Withdrawals from Account. (a) permit any Collateral Shortfall to exist beyond the time provided for in this Agreement, and (b) withdraw or otherwise transfer any Collateral from the Account if a Default, Event of Default or Collateral Shortfall shall have occurred and be continuing, or would result immediately following such withdrawal or transfer.
Withdrawals from Account. (s). Unless we have agreed with you otherwise, each of you, acting singly, may withdraw funds from your account(s) by signing as the maker of any check, signing any withdrawal order, orotherwise as we may permit. Any of you may endorse any item payableto you or your order for deposit into your account(s). You agree not to postdate any check or other order for withdrawal. If you do postdate any item, you agree that we may charge your account(s) for the item even though payment is made before the date on the check.
Withdrawals from Account. If the Employer requests that the amount representing a forfeiture and the interest thereon be withdrawn from the Forfeiture Account, for any purpose other than reallocation of such amount to the Participants covered under the Plan and the Contract, such withdrawal may be subject to the terms of Section 5.01 or 5.03, as if termination of participation under the Contract had occurred.
Withdrawals from Account. If the Owner requests that the amount representing a forfeiture and the interest thereon be withdrawn from the Forfeiture Account, for any purpose other than reallocation of such amount to the Participants covered under the Plan and the Contract, such withdrawal may be subject to the terms of Sections 5.01 or 5.03, as if termination of participation under the Contract had occurred. AXA Equitable shall not be liable for any tax consequences that results either to the Plan, Participant or Owner as a result of a distribution of such amounts to the Owner. PART IX - CHARGES
