Direction Letter definition

Direction Letter means an NHS Pensions Direction letter issued by the Secretary of State in exercise of the powers conferred by section 7 of the Superannuation (Miscellaneous Provisions) Act 1967 and issued to the Supplier or a Sub-contractor of the Supplier (as appropriate) relating to the terms of participation of the Supplier or Sub-contractor in the NHS Pension Scheme in respect of the Eligible Employees;

Direction Letter means a letter signed by Seller directing the Servicer to send all Income with respect to the Purchased Assets, as well as any payments in respect of associated Hedging Transactions, to the Collection Account held by the Depository within one (1) Business Day of receipt.

Direction Letter means a joint letter of direction executed by the Purchaser, the Investors and PHMD and delivered to the Escrow Agent. A Direction Letter (i) shall clearly identify itself as a Direction Letter delivered pursuant to this Agreement, (ii) may direct the Escrow Agent to pay all or a specified portion of the Escrow Fund (and if less than all of the Escrow Fund, the Direction Letter shall clearly state the “net amount payable”) to a specified person or persons at a specified time or times and in a specified manner or manners, and (iii) may contain such other directions to the Escrow Agent as may be required by this Agreement, reasonably requested by the Escrow Agent or mutually agreeable to the Purchaser, the Investors and PHMD.

Examples of Direction Letter in a sentence

• The Supplier must indemnify the Authority, NHS Pensions and any Successor against all Losses arising out of its breach of this Part D of this Schedule 7 or the terms of the Direction Letter.

• Where any Staff (including any Transferred Staff) omitted from the Direction Letter supplied in accordance with Part D of this Schedule 7 is subsequently found to be an Eligible Employee, the Supplier (or its Sub-contractor if relevant) will ensure that that person is treated as an Eligible Employee from the Employee Transfer Date so that their Pension Benefits and Premature Retirement Rights are not adversely affected.

• The Supplier agrees that it shall notify the Authority if it breaches the terms of the Direction Letter.

• The Supplier shall pay to the NHS Pension Scheme all such amounts as are due under the Direction Letter and shall deduct and pay to the NHS Pension Scheme such employee contributions as are required by the NHS Pension Scheme.

• The Supplier also agrees that the Authority is entitled to make arrangements with NHS Pensions for the Authority to be notified if the Supplier breaches the terms of this Direction Letter.

More Definitions of Direction Letter

Direction Letter has the meaning set forth in Section 2.12(a)(i).

Direction Letter means one or more letters from the City to the Corporation directing the Corporation or the Trustee with respect to the payment of the money in the City Proceeds Account.

Direction Letter means a written direction letter delivered by the Borrower to the Administrative Agent, as the same may be amended, joined, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof.

Direction Letter means (a) with respect to a borrowing of the Term Loan on the Agreement Date, that certain Direction Letter, dated as of the Agreement Date, by and among the Borrower and the Administrative Agent, in form and substance satisfactory to the Administrative Agent, with respect to the distribution of the proceeds of the Term Loan and the other sources and uses of funds occurring on the Agreement Date, (b) with respect to a borrowing of the Term Loan on the Sixth Amendment Effective Date, that certain Direction Letter, dated as of the Sixth Amendment Effective Date, by and among the Borrower and the Administrative Agent, in form and substance satisfactory to the Administrative Agent, with respect to the distribution of the proceeds of the Term Loan and the other sources and uses of funds occurring on the Sixth Amendment Effective Date and (c) with respect to a borrowing of Incremental Term Loans after the Sixth Amendment Effective Date, any Direction Letter, dated as of the date of such borrowing, by and among Borrower and the Administrative Agent, in form and substance satisfactory to the Administrative Agent, with respect to the distribution of the proceeds of such Incremental Term Loan and the other sources and uses of funds occurring on such date.

Direction Letter has the meaning set forth in Section 2.3(c); --------------

Direction Letter means one or more letters from the City to the Corporation directing the Corporation with respect to the payment of the money in the Proceeds Account.

Direction Letter means (a) with respect to a borrowing of Loans on the Agreement Date, that certain Funding Direction Letter, dated as of the Agreement Date, by the Borrower to the Agent with respect to the distribution of the proceeds of the Loans and the other sources and uses of funds occurring on the Agreement Date and (b) with respect to a borrowing of DIP Delayed Draw Term Loans after the Agreement Date, any direction letter, dated as of the date of such borrowing, by and between the Borrower and the Agent, in form and substance reasonably satisfactory to the DIP Delayed Draw Lenders and the Agent, with respect to the distribution of the proceeds of such DIP Delayed Draw Term Loans and the other sources and uses of funds occurring on such date.