Examples of Periodic in a sentence
Data Sources: Periodic observation of enrollment lottery, and if applicable, any corrective action plans issued by the SDE not related to special education, ELL, or college and career readiness (as these are captured elsewhere), or formal notification of late reports or enrollment violations.
Any Periodic Payments to be made after the death of any Claimant or Successor Payee shall be made to such party as shall have been designated in, or in accordance with, the Settlement Agreement or, if the Settlement Agreement does not provide for such designation, then to the party designated in conformity with this paragraph 8.
All rights of legal ownership and control of the Annuity shall (subject to paragraph 9 of this Agreement) be and remain vested exclusively in MOSSCO; provided, however, that the Annuity shall be used by MOSSCO to fund the Periodic Payments and shall at all times be designated by MOSSCO on its records as being taken into account, under Section 130 of the Code, with respect to this Agreement.
MOSSCO will fund the Periodic Payments by purchasing from United a “qualified funding asset,” as defined in Section 130(d) of the Code, in the form of an annuity contract (the “Annuity”) issued by United and providing for payments corresponding to the Periodic Payments.
MOSSCO’s liability to make each Periodic Payment to the Claimant or Successor Payee designated to receive such payment shall be discharged automatically at such time as a corresponding payment is made to such Claimant or Successor Payee by United.