Direction to Pay means a letter executed by the Borrower or other applicable Loan Party and delivered to a Licensee (or its agent), substantially in the form of Exhibit G hereto or such other form as shall be reasonably acceptable to the Administrative Agent, which letter provides irrevocable instructions to such Licensee (or its agent) to remit payments due to Borrower or such other Loan Party directly to a Collection Account.
Direction to Pay means the authorization from the Participant which allows AMSC to pay the Qualified Contractor on the Participant’s behalf found in Schedule B;
Direction to Pay means the irrevocable order and direction to pay from the Borrower to EPMI, directing EPMI to pay to EMCLP all amounts owing to the Borrower under the SD PSA;
Examples of Direction to Pay in a sentence
SETTLEMENT AGREEMENT – SCHEDULE 8 FORM OF MOHAWK COUNCIL RESOLUTION FOR PAYMENT & DIRECTION TO PAY RESOLUTION The Mohawks of Akwesasne authorize and direct Canada to pay the Settlement Amount, being $45,000,000.00 set out in Section 3.0 of the Seaway Claim Settlement Agreement in accordance with the Direction to Pay attached hereto.
More Definitions of Direction to Pay
Direction to Pay means the document by which the Mohawk Council of Akwesasne directs Canada to deposit the Settlement Amount in accordance with Section 3.0, as set out in Schedule 8;
Direction to Pay means the document by which the Mohawk Council of Akwesasne directs Canada to deposit the Settlement Amount in accordance with Section 3.0, as set out in Schedule 8; (c) “Effective Date” means the date on which this Settlement Agreement is executed by Canada, FBCL and SIBC; (d) “Financial Institution” means any bank or trust company that is authorized by law to accept deposits and which is supervised and regulated by the Superintendent of Financial Institutions as defined in the Office of Superintendent of Financial Institutions Act, R.S.C. 1985, c. I-8 (3rd Supp); (e) “Indian Act” means the Indian Act, R.S.C. 1985, c.I-5 as amended and its regulations; (f) “Mohawk Council of Akwesasne” means the council of the Mohawks of Akwesasne, which is a “council of the band” within the meaning of the Indian Act; (g) “Mohawk Council Resolution” means a written resolution of the Mohawk Council of Akwesasne adopted by a majority of the Mohawk Council of Akwesasne at a duly convened meeting; (h) “Person” means any individual, proprietor, corporation, partner, partnership, trust, joint venture, unincorporated organization, First Nation, self-governing First Nation, Indian band, Aboriginal group, union, or governmental body, including, without limitation, any past, present or future members and each of their respective heirs, descendants, legal representatives, successors and assigns; (i) “Proceeding” means any legal proceeding, action, cause of action, suit, claim, specific claim or demand whatsoever, known or unknown, whether in law, in equity or otherwise; (j) “Settlement Agreement” means this settlement agreement including the attached Schedules and any amendments thereto;
Direction to Pay means a written notice provided by Exchange to the Escrow Agent directing the Escrow Agent to pay the specified Contracting Party Payee(s) and setting forth in such notice the specified amount(s) in respect of an Unrectified Failure to Pay;
Direction to Pay means the document by which the Council directs Canada to deposit the Compensation in accordance with Article 2.0, authorized by the corresponding Band Council Resolution for Payment, substantially in the form attached to this Settlement Agreement as Schedule 2.
Direction to Pay means the Direction to Pay form attached to this Deed Poll;
Direction to Pay means the direction from Opco to Purchaser for Purchaser to pay $20,000,000 at the Closing Time to Xxxx'x Furniture Limited, for and on behalf of Opco and in satisfaction of Opco’s payment obligation under the Payment Agreement, such payment to be an advance by Purchaser to Opco at the Closing Time.
Direction to Pay means Borrowers direction to pay all proceeds received by the Collection Account directly to Lender until the indefeasible repayment of the Indebtedness.