Direction to Pay definition

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

• The program will only achieve its intended results if the pollution reduction options identified under Component 2 are broadly accepted by the stakeholders involved.

• The Grantor or any person to whom the Grantor assigns any right to receive any payments hereunder (whether by Direction to Pay or otherwise) shall be and shall remain liable for all income taxes assessed against either of them in respect of such payment, without recourse to the Grantee.

• The Grantor’s present and future right, title and interest in the right to receive the payment of the Direction to Pay Amount under each Extension Access Agreement and Nominated Access Agreement (as those terms are defined in the Extension Infrastructure Sub Lease).

• Customer may object to the engagement of a new Sub-Processor on reasonable grounds relating to the protection of Personal Data within 30 days after posting the updated Sub-Processor List.

• The April 13, 2020 Direction to Pay has now directed AGV to deliver US$250,000 in cash proceeds as repayment on the principle amount of US$250,000.

More Definitions of Direction 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 any Payment Agreement, dated as of the date hereof, between a Borrower, the applicable Master Distributor, the applicable Receivables Sub and the Administrative Agent, in such form as may be reasonably acceptable to the Administrative Agent, as amended, supplemented or otherwise modified, renewed or replaced from time to time, directing such Master Distributor to remit all proceeds of the Collateral (as defined under the Receivables Sub Credit Agreement) pledged by such Borrower to the Administrative Agent and the Collateral pledged by such Receivables Sub to the Receivables Administrative Agent, to the applicable Collection Account.

Direction to Pay means any Payment Agreement, dated as of the Phase 1 Closing Date or the Phase 2 Closing Date, as applicable, between a Borrower, the applicable Master Distributor, the applicable Receivables Sub and the Administrative Agent, in such form as may be reasonably acceptable to the Administrative Agent, as amended, supplemented or otherwise modified, renewed or replaced from time to time, directing such Master Distributor to remit all proceeds of the Collateral (as defined under the Receivables Sub Credit Agreement) pledged by such Borrower to the Administrative Agent and the Collateral pledged by such Receivables Sub to the Receivables Administrative Agent, to the applicable Collection Account.

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.

Direction to Pay means a duly executed irrevocable direction to pay, substantially in the form attached hereto as Exhibit A;

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 Direction to Pay form attached to this Deed Poll;