Payment Direction Agreement definition

Payment Direction Agreement means the payment direction agreement entered into by the Guarantor, Intact Ventures Inc., 2283485 Alberta Ltd, Regent Bidco Limited, RSAIG, Royal Insurance Holdings Ltd, Royal & Sun Alliance Insurance plc and the Trustee on or around the date of this Guarantee;

Payment Direction Agreement means the payment direction agreement dated November 20, 1997 by and among the Landlord, the Tenant, the Trustee and the Agent in the form set forth as Exhibit J hereto.

Payment Direction Agreement means an agreement among the Borrower, the Administrative Agent and each Credit Card Obligor, in form and substance satisfactory to the Administrative Agent, providing for the direct payment to the BBNA Concentration Account of all amounts due to the Borrower from such Credit Card Obligor

Examples of Payment Direction Agreement in a sentence

• Any amounts received by the Trustee from the Guarantor pursuant to the Subscription Deed and the Payment Direction Agreement will discharge, to the extent of any such receipt, the Guarantor’s obligation to pay the Guaranteed Obligations to the Trustee in accordance with this Guarantee.

• In the event that Royal & Sun Alliance Insurance plc does not pay any amount when due in respect of its Guaranteed Obligations, Royal & Sun Alliance Insurance plc may elect to make payment of the unpaid Guaranteed Obligations to the Trustee in accordance with the Subscription Deed and Payment Direction Agreement in lieu of a payment by the Guarantor under this Guarantee.

• Notwithstanding the above, MSCG shall at all times be bound to make payment under the Payment Direction Agreement in accordance with its terms until performance under such Payment Direction Agreement is suspended pursuant to Section 18.4.6.

• Notwithstanding the above, MSCG shall at all times be bound to make payment under the Payment Direction Agreement in accordance with its terms until performance under such 44 Payment Direction Agreement is suspended pursuant to Section 18.4.6 or otherwise terminated pursuant to the terms thereof.

• Ace, through Steven Krumm, assured BAC that Ace's control of Project progress payments pursuant to the Payment Direction Agreement would protect Project progress payments and ensure that these funds would serve as a reliable and primary source of repayment for the Project funding that BAC was considering to extend to Leno.

More Definitions of Payment Direction Agreement

Payment Direction Agreement means the agreement to be entered into among DCRC, MSCG and SMT whereby DCRC may assign the receivables owing to DCRC in respect of Light Finished Products, Specialty Grades and any other Product mutually agreed upon by the Parties from time to time to SMT such that MSCG pays amounts otherwise due to DCRC to SMT directly.

Payment Direction Agreement means the agreement to be entered into among PBF, MSCG and SMT whereby PBF may assign the receivables owing to PBF in respect of Finished Light Products, Specialty Grades and any other Product mutually agreed upon by the Parties from time to time to SMT such that MSCG pays amounts otherwise due to PBF to SMT directly.

Payment Direction Agreement means an agreement among the Borrower, --------------------------- the Administrative Agent and each Credit Card Obligor, in form and substance satisfactory to the Administrative Agent, providing for the direct payment to the BBNA Concentration Account of all amounts due to the Borrower from such Credit Card Obligor

Payment Direction Agreement has the meaning set forth in the Lease.

Payment Direction Agreement means that certain Payment Direction Agreement dated [as of , 2022] [concurrently herewith] among the JEPA, the City, and RIDA.

Payment Direction Agreement means the agreement entered into among PBFH, MSCG and SMT and dated as of December 17, 2010 and assigned by PBFH to PRC pursuant to the Assignment and Assumption Agreement, whereby PRC may assign the receivables owing to PRC in respect of Finished Light Products, Specialty Grades and any other Product mutually agreed upon by the Parties from time to time to SMT such that MSCG pays amounts otherwise due to PRC to SMT directly.

Payment Direction Agreement means the agreement of that name entered into or to be entered into on or prior to the first Delivery Date in respect of payments to the KEXIM Supported Lender between, amongst others, the Borrower, the Guarantor and the KEXIM Supported Lender.