Funds Transfer Certificate definition
Examples of Funds Transfer Certificate in a sentence
Funds therein shall be disbursed pursuant to a Funds Transfer Certificate in accordance with the provisions of Section 5.25.
The agreements, statements and certifications contained in this Funds Transfer Certificate shall survive and remain effective until all of the obligations (other than contingent obligations in the nature of indemnities) of the Borrower under the Financing Documents are paid or otherwise satisfied in full and all commitments under the Financing Documents are terminated in full.
In accordance with Section 5.02(b) clause Twelfth of the Collateral Agency Agreement, we request that, solely with respect to funds remaining on deposit in the Revenue Account after application pursuant to the above clauses of this Funds Transfer Certificate, $[●] be withdrawn from the Revenue Account and transferred to the Person identified on Part A of Schedule I hereto, to pay any principal payment then due (or expected to be due prior to the next Transfer Date) on any Permitted Subordinated Debt.
The Commission shall comply with Section 5.25, including the delivery of a Funds Transfer Certificate (to the extent required by such Section 5.25) in requesting a disbursement of funds from time to time from the Design- Build Contractor Payments Account.
For the avoidance of doubt, the Intercreditor Agent shall at all times have the right to give the notice contemplated by the second sentence of this paragraph if a Funds Transfer Certificate does not comply with the terms of this Agreement.
Each Repauno Entity will have the right to request disbursements from the Repair and Replacement Reserve Account upon delivery to the Collateral Agent a Funds Transfer Certificate for the purpose of paying Major Maintenance Costs in accordance with the Major Maintenance Plan.
In the event that a Funds Transfer Certificate does not comply with the requirements of this Agreement and the other Finance Documents, the Collateral Agent has the right to reject such certificate and the Borrower will not be entitled to cause the proposed withdrawal or transfer until it has submitted a revised and compliant certificate.
The Operations Co Payments will be payable to Operations Co by Project Co no later than 3 Business Days following delivery by Operations Co to Project Co of an Operations Co Funds Transfer Certificate.
In accordance with Section 5.02(b) clause Eleventh of the Collateral Agency Agreement, we request that, solely with respect to funds remaining on deposit in the Revenue Account after application pursuant to the above clauses of this Funds Transfer Certificate, $[●] be withdrawn from the Revenue Account and transferred to the Person identified on Part A of Schedule I hereto, to pay interest on Permitted Subordinated Debt (whether due and payable, or becoming due and payable prior to the next Transfer Date).
The Commission shall comply with Section 5.25, including the delivery of a Funds Transfer Certificate (to the extent required by such Section 5.25), and with the applicable provisions of the Sales Tax Revenue Bond Indenture in requesting a disbursement of funds from time to time from the Sales Tax Revenue Bonds Account.