Examples of Assigned Service Payments in a sentence
Upon any termination of a Contract hereunder and provided that Buyer has received the Net Book Value of the applicable Transaction determined as of the date of termination plus the Penalty for Early Termination plus the Repurchase Price with respect to any remaining Assigned Service Payments related thereto, Omnicell shall have the option to purchase the Equipment from Buyer on an “as-is where-is” basis for One Dollar ($1.00).
If for any reason Buyer rejects funding of the new Transaction involving an Extension and/or Upgrade then Buyer shall notify Omnicell of the decline, and Buyer shall permit the Customer to terminate the original Transaction(s) without penalty, upon Customer’s payment to Buyer of the then current Net Book Value of such original Transaction, together with payment by Omnicell of the Repurchase Price with respect to any remaining Assigned Service Payments related thereto.
Notwithstanding anything in this Agreement to the contrary, Omnicell shall not be required to repurchase any Assigned Rental Payments or Assigned Service Payments under any Transaction, which Assigned Rental Payments or Assigned Service Payments Buyer is unable to collect due to the insolvency, bankruptcy, or financial inability to pay of any Customer.
Following such notification, Buyer shall permit the Customer to terminate the applicable Contract upon (i) the expiration of a thirty (30) day notice period and (ii) the payment to Buyer of an amount equal to the Net Book Value of the applicable Transaction as of the date of termination, plus the Penalty for Early Termination, plus the Repurchase Price of any remaining Assigned Service Payments related thereto.
Those Assigned Service Payments are appropriated and shall be used for such purpose.
All Assigned Service Payments (as defined in the Cooperative Agreement) received by the County from the City shall be deposited into the Bond Service Fund and used as provided in the Cooperative Agreement.
Each Financing Payment shall be in an amount equal to the Assigned Service Payments and Assigned Income Taxes, together with any investment earnings on such moneys, received by the City since the later to occur of (i) the date on which this Cooperative Agreement is executed, or (ii) the immediately preceding Financing Payment Date.
All such Assigned Service Payments and Minimum Payments shall be paid to the Trustee at the Trustee’s Notice Address, or at such other address as the Trustee shall designate in writing, for deposit in the Revenue Fund and disbursement by the Trustee in accordance with Waterfall Requirements established in the Indenture.
The City has no obligation to use or apply to the payment of Financing Payments any funds or revenues from any other source other than Assigned Service Payments, Assigned Income Taxes, and any investment earnings on such amounts while they are on deposit in the Special Account.
The City shall continue its pledge and assignment of Assigned Service Payments until the earlier to occur of (i) the date when the Issuer certifies to the City and the Developer that all Debt Service has been paid in full, or (ii) December 31, 2059.