Direction Letters definition

Direction Letters means letters substantially in the form of Exhibit C.

Direction Letters means the direction letters pursuant to which each applicable Operating Company (excluding Cliveden) or member of the Borrower Control Group is directed by the Borrower or the applicable member of the Borrower Control Group to pay directly into the Deposit Account any and all payments of Dividends and Distributions on account of such Borrower's or Borrower Control Group member's interest therein.

Direction Letters means, collectively, letters, in form and substance reasonably satisfactory to the Agent, from the relevant Borrower to all purchasers of production directing to remit payment to the Lockbox by mail or to the Lockbox Account by wire transfer.

Examples of Direction Letters in a sentence

• Borrower shall deliver Tenant Direction Letters for each existing Tenant.

• Borrower shall deliver Tenant Direction Letters for each Tenant occupying any portion of the Property pursuant to a Lease executed after the date hereof, or pursuant to an assignment of an existing Lease.

• Lender will hold the Tenant Direction Letters in escrow; provided, however, upon the occurrence of a Lockbox Trigger, Lender shall have the right to deliver a Tenant Direction Letter to each tenant at the Property.

• This section applies to MACs. The CMS will provide information to the MACs regarding CMS Recovery Audit Contractor (RAC), and OIG-identified issues via Technical Direction Letters (TDLs).

• Lender shall hold the Tenant Direction Letter(s) so delivered until such time as a Restrictive Condition occurs, in which event Lender may, in Lender’s sole and absolute discretion, deliver any such Tenant Direction Letters.

More Definitions of Direction Letters

Direction Letters means the letters delivered by Borrower to Administrative Agent pursuant to which Portfolio Investment Entities that are not controlled by affiliates of Borrower are directed to make distributions with respect to Portfolio Investments substantially in the form of Exhibit H. Dollars means lawful money of the United States.

Direction Letters as defined in Section 6.10(b).

Direction Letters means, collectively, letters, in form and substance reasonably satisfactory to the Agent and the Borrower executing the relevant letter, from each Borrower owning interests in Oil and Gas Properties (for the avoidance of doubt, including fee mineral interests) or interests in any pipelines or gathering systems transporting natural gas or petroleum products (a) owned by Persons other than the Borrower owning such interests or (b) owned by the Borrower owning such interests and to be sold to others directing each Person remitting to the relevant Borrower proceeds from the sale of produced hydrocarbons or transportation fees to make remittance to the Lockbox or, by wire transfer, to the Lockbox Account for the relevant Borrower.

Direction Letters means the each of (i) the direction letter dated as of the date hereof among PCP I, JPMP, AON, Penske Capital and Penske Corporation and (ii) the direction letter dated as of the date hereof among PCP II, JPMP and Penske Capital.

Direction Letters shall have the meaning set forth in Section 2.02(a)i.

Direction Letters has the meaning provided in section 1(f).

Direction Letters means the letters and/or notices sent to each Lessee by the Depositor pursuant to Section 4.02 of the Sale Agreement.