Description of Payments Sample Clauses

Description of Payments. The payments to be made to Employee are:
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Description of Payments. Borrower’s payment of any sums under this Agreement and Xxxxxx’s receipt of such funds, (i) constitute voluntary payments to the extent the payments are deemed to be made under the Loan Documents, and (ii) all such payments shall be credited against the total sum due and owing under the Loan Documents in the manner provided in the Loan Documents. Principal reduction payments, if any during the Forbearance Period are voluntarily made by Borrower to reduce the balance due and owing Lender under the Loan Documents. Such payments, if any, shall not: (a) affect or waive Lender’s rights and remedies under this Agreement; (b) constitute a waiver of any of Lender’s rights and remedies under the Loan Documents; (c) prevent or prohibit Lender from pursuing such rights and remedies in a manner consistent with the terms of the Loan Documents; and (d) cure or excuse the defaults under the Loan Documents. Forbearance Agreement
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Description of Payments. (a) The Company shall be entitled to the payment of an Annual Contract Payment, payable monthly over the Term , for the provision of Services for the Term of the Agreement, (b) The Company shall pay to the Authority the Project Development Costs in the form of a one-time payment of $25,000, at the time of execution of this Agreement; and (c) In addition, the County is desirous of maximizing its Revenue potential for the operation of the Golf Course Facilities and will pay an additional Annual Incentive Payment in each Fiscal Year as a percentage of Gross Revenue attained by the successful operation of the Golf Course Facility by the Company.
Sample 1
Description of Payments. You may make Payments to your Home Credit Account via the Web Service. Payments may be made as either a one-time payment or on a recurring basis. Please note the processing times outlined below for payments made via the Web Service. In addition, you may make payments by contacting Customer Service via telephone or mail. Processing of Payment Requests  Payments can be made in two ways, on a one-time or recurring basis. One-time payments may be immediate or scheduled for a future date. The recurring payment feature may be used when a designated amount is paid at regular intervals. For example, a $100 payment from a checking account to your credit card account which occurs every month.  One-time immediate payments can be made from a checking or savings account from your financial institution.  Scheduled and recurring payments can be made from a checking or savings account from your financial institution.  Some account types, including those with foreign addresses, cannot be set up for payments.  Immediate, scheduled, or recurring payments may not be immediately reflected in your account balance.  One-time payments made on a weekend or a non-Business Day will be posted on the following Business Day.  Payments not scheduled on a Business Day will be processed on the Business Day prior to the date the payment was scheduled to be processed.  Payments to your credit card Account made before 5:00 p.m. Central Time (CT) will be credited with the date the payment is submitted. Payments submitted on or after 5:00 p.m. Central Time (CT) will be credited as of the next business day. Updates to account balances, funds availability, and transaction posting may take up to 10 Business Days.  Scheduled Payments can be entered as a one-time transaction up to 180 days in advance.  If the financial institution upon which your payment is drawn rejects, refuses, or returns the payment, the payment to your HCUS credit card Account will be reversed and you may incur a late payment or other fees. In addition, the financial institution holding your deposit account may also impose a returned item or other fee. Please see your Cardmember Agreement and your financial institutions deposit account agreements for details.
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Description of Payments 
Sample 1

Related to Description of Payments

  • Form of Payments All payments to Holders will be made as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

  • Application of Payments Landlord shall have the right to apply payments received from Tenant pursuant to this Lease, regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect.

  • Terms of Payment 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity.

  • Collection of Payments Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents by charging Borrower’s deposit account number 4121261853 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

  • Place and Application of Payments All payments of principal of and interest on the Loans and the Reimbursement Obligations, and of all other Obligations payable by the Borrower under this Agreement and the other Loan Documents, shall be made by the Borrower to the Administrative Agent by no later than 1:00 p.m. (Chicago time) on the due date thereof at the office of the Administrative Agent in Chicago, Illinois (or such other location as the Administrative Agent may designate to the Borrower), for the benefit of the Lender(s) or L/C Issuer entitled thereto. Any payments received after such time shall be deemed to have been received by the Administrative Agent on the next Business Day. All such payments shall be made in U.S. Dollars, in immediately available funds at the place of payment, in each case without set-off or counterclaim. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest on Loans and on Reimbursement Obligations in which the Lenders have purchased Participating Interests ratably to the Lenders and like funds relating to the payment of any other amount payable to any Lender to such Lender, in each case to be applied in accordance with the terms of this Agreement; provided, that if the Administrative Agent does not distribute such funds to the Lenders on the date the Administrative Agent receives (or is deemed to receive) payment from the Borrower, the Administrative Agent shall promptly thereafter distribute such funds together with interest thereon in respect of each day during the period commencing on the date such payment from the Borrower was received by the Administrative Agent (or the date the Administrative Agent was deemed to receive such payment) and ending on (but excluding) the date the Administrative Agent distributes such funds to the Lenders, at a rate per annum equal to the Federal Funds Rate for each such day. If the Administrative Agent causes amounts to be distributed to the Lenders in reliance upon the assumption that the Borrower will make a scheduled payment and such scheduled payment is not so made, each Lender shall, on demand, repay to the Administrative Agent the amount distributed to such Lender together with interest thereon in respect of each day during the period commencing on the date such amount was distributed to such Lender and ending on (but excluding) the date such Lender repays such amount to the Administrative Agent, at a rate per annum equal to: (i) from the date the distribution was made to the date two (2) Business Days after payment by such Lender is due hereunder, the Federal Funds Rate for each such day and (ii) from the date two (2) Business Days after the date such payment is due from such Lender to the date such payment is made by such Lender, the Base Rate in effect for each such day. Anything contained herein to the contrary notwithstanding (including, without limitation, Section 1.8(b) hereof), all payments and collections received in respect of the Obligations and all payments under or in respect of the Guaranties received, in each instance, by the Administrative Agent or any of the Lenders after acceleration or the final maturity of the Obligations or termination of the Commitments as a result of an Event of Default shall be remitted to the Administrative Agent and distributed as follows:

  • Characterization of Payments It is the intention of the parties to this Agreement that payments made pursuant to this Agreement are to be treated as relating back to the Distribution as an adjustment to capital (i.e., capital contribution or distribution), and the parties shall not take any position inconsistent with such intention before any Tax Authority, except to the extent that a final determination (as defined in Section 1313 of the Code) with respect to the recipient party causes any such payment not to be so treated.

  • Reduction of Payments Any reduction under Subsection (b) above shall be applied first to Payments that constitute “deferred compensation” (within the meaning of Section 409A of the Code and the regulations thereunder). If there is more than one such Payment, then such reduction shall be applied on a pro rata basis to all such Payments. Subject to the foregoing rules, the Employee may elect, in the Employee’s sole discretion, which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall advise the Company in writing of the Employee’s election within 10 business days of receipt of notice. If no such election is made by the Employee within such 10-day period, then the Company may elect which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall notify the Employee promptly of such election. For purposes of this Section 3, a present value shall be determined in accordance with Section 280G(d)(4) of the Code. All determinations made by the Accounting Firm under this Section 3 shall be binding upon the Company and the Employee and shall be made within 10 business days of the date when a Payment becomes payable or transferable. As promptly as practicable following such determination and the elections hereunder, the Company shall pay or transfer to or for the benefit of the Employee such amounts as are then due to the Employee and shall promptly pay or transfer to or for the benefit of the Employee in the future such amounts as become due to the Employee.

  • APPROPRIATION OF PAYMENTS 14.1 Any and all payments received by DBS from or for the account of the Cardmember may be applied and appropriated by DBS in relation to such Card Account for which the Cardmember is liable as DBS may determine or select and in relation to such of the entries or transactions constituting the Outstanding Balance on such Card Account as DBS may determine or select notwithstanding any specific appropriation by the person making the payment or any other person.

  • Application of Payment The monthly housing assistance payment shall be credited against the monthly rent to owner for the contract unit.

  • Limitation of Payments City’s obligation to pay the Consultant for services rendered pursuant to this Contract is conditioned upon the availability of City’s funds which are allocated to pay the Consultant. If funds are not allocated and available to pay the Consultant for these services, City may terminate this Contract at the end of the period for which the funds are available. City shall notify the Consultant at the earliest possible time if this agreement will or may be affected by a shortage of funds. No liability shall accrue to City in the event this provision is exercised, and the City shall not be obligated or liable for any future payments due or for any damages as a result of termination under this section. This provision shall not be construed so as to permit City to terminate this Contract in order to acquire similar services from another party. The Consultant shall be paid for any allowable services provided and expenses incurred prior to receipt of any such notification that City was terminating the Contract because of a shortage of funds.

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