Examples of Store Payment in a sentence
Upon payment of all of the Sale of a Store Payments required hereunder and the payment and discharge of all obligations of the Stockholder incurred hereunder prior to the date of such Sale of a Store Payment, such Stockholder shall thereafter have no further obligation to Wakefern under this Agreement with respect to such Store sold.
Except as provided in Sections 2.3(b) and (c) or Section 2.4 hereof, upon the occurrence of a Sale of a Store prior to the expiration of the Term, such Stockholder shall pay to Wakefern at the end of each fiscal year thereafter until the earlier to occur of (i) the tenth anniversary of Sale of a Store and (ii) the expiration of the Term, commencing with the fiscal year in which such Sale of a Store occurs, an amount calculated pursuant to the provisions of Schedule 3 hereto (the "Sale of a Store Payment").
On or before March 20, 2006, the Transferor shall deposit $2,408,061.34 into the Store Payment Cash Collateral Account.
The Trustee shall possess all right, title and interest in all funds and other property from time to time credited to or on deposit in the Store Payment Cash Collateral Account and in all proceeds thereof.
If the Trustee shall be notified by any Person (other than the Agent) to deliver the Store Payment Notice, the Trustee shall promptly notify the Agent thereof.
Except as provided in Sections 2.3(b) and (c) or Section 2.4 hereof, upon the occurrence of a Sale of a Store prior to the expiration of the Term, such Stockholder shall to Wakefern at the end of each fiscal year thereafter until the earlier to occur of (i) the tenth anniversary of Sale of a Store and (ii) the expiration of the Term, commencing with the fiscal year in which such Sale of a Store occurs, an amount calculated pursuant to the provisions of Schedule 3 hereto the "Sale of a Store Payment").
Promptly when due, a copy of each Store Payment Allocation (as defined in the Intercreditor Agreement) in accordance with the provisions of Section 2.04(b) of the Intercreditor Agreement.
The Trustee, at the written direction of the Servicer, shall make withdrawals from the Store Payment Cash Collateral Account from time to time in an amount up to the amount on deposit therein at such time, for the purposes set forth in this Supplement.
To the extent Contributors have collected in advance monthly installments or other interim payments of projected Anchor Store Payments from an Anchor Store for the Applicable Anchor Store Payment Year which are less than the amount of Anchor Store Payments from such Anchor Store to which Contributors are entitled hereunder, CBL/OP shall, to the extent collected by CBL/OP, within 10 Business Days after the year-end adjustment of Anchor Store Payments, reimburse Contributors the amount of any such shortfall.
On each Business Day, the Servicer shall prepare and forward to the Trustee and each Series 2001-1-VFC Certificateholder (i) a report (the "Daily Report") substantially in the form of Exhibit F to this Supplement and (ii) a report (the "Store Payment Allocation") substantially in the form of Exhibit G to this Supplement.