Monthly Payments. On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw and the Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or the related Distribution Date, as applicable, to the extent of available funds, the amounts required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Funding Account and the Distribution Account as follows:
Monthly Payments. Beginning August 1, upon receipt and approval by OC Community Resources – OC Community Services of Subrecipient’s invoice showing prior month(s) actual expenditures, County shall make monthly reimbursement payments based on Subrecipient’s invoice so long as the total payments under this Contract do not exceed the Contract maximum obligation.
Monthly Payments. The Department shall make grant payments for the following grants during the term of this Contract in eleven (11) monthly installments during each state fiscal year in the 2016-2017 biennium. The first payment to the Grantee will be 16.7 percent of the total grant amount, and each of the remaining 10 payments shall be 8.33 percent of the total, subject to 4.2., below. Prior to the commencement of fiscal year 2016, the Department shall provide written notice of any subsequent allocation amounts that may be available to the Grantee. The amounts listed in the chart below are for fiscal year 2016. The Department shall provide allocations for fiscal year 2017 no later than May 1, 2016.
Monthly Payments. The second checkbox, “Monthly Payments,” should be selected from Section Five if the concerned loan payments must be made once a month to the Lender. Additionally, the calendar date of the month (i.e. “01,” “02,”…”31”) when the loan payment will be due is required on the blank space available in this statement. (13)
Monthly Payments. The retirement allowance determined in keeping with the above shall be paid into a pre-designated Registered Retirement Savings Plan (within legislated allowable levels) or Trust Fund in the name of the retired faculty member, to provide, at the discretion of the retired faculty member, a bridging pension income on or after age 55. Payments into the Plan or Trust Fund shall be made monthly and shall be in the amount of 20% of the retiring faculty member's pre-retirement monthly salary without allowance, and shall continue until the full retirement allowance is paid or, in the case of a Registered Retirement Savings Plan, until the legislated allowable limit for deposit has been reached, whichever comes first. In the event the legislated allowable limit for deposit has been reached, whichever comes first. In the event the legislated allowable limit for deposit is reached and payments remain outstanding, the remaining funds will be payable in a lump sum to the retired faculty member in accordance with Article 22.06(a) above. Payments into the Plan or Trust Fund shall commence on the first day of the month coincident with, or next following, the date of early retirement. In the event the retired faculty member dies prior to the full retirement allowance being paid into the Plan or Trust Fund, any payments outstanding shall be payable by the Employer in a lump sum amount to the estate of the deceased.
Monthly Payments a. Subject to the terms of this Article VIII, each Holder of a Certificate and Class C Certificate as of a Record Date shall be paid on the next succeeding Remittance Date by check mailed on such Remittance Date to such Certificateholder or Class C Certificateholder at the address for such Certificateholder or Class C Certificateholder appearing on the Certificate Register (or, if such Certificateholder holds a Class of Class A Certificates, Class M-1 Certificates or a Class of Class B Certificates with an aggregate Percentage Interest of at least 5% or a Class C Certificateholder holds Class C Certificates with an aggregate Percentage Interest of at least 20% and so requests, by wire transfer pursuant to instructions delivered to the Trustee at least ten days prior to such Remittance Date), the sum equal to such Certificateholder's or Class C Certificateholder's Percentage Interest of the Class A Distribution Amount, the Class M-1 Distribution Amount, the Class B-1 Distribution Amount, the Class B-2 Distribution Amount, any Guarantee Payment or the Class C Distribution Amount, as applicable. Final payment of any Certificate or Class C Certificate shall be made only upon presentation of such Certificate or Class C Certificate at the office or agency of the Paying Agent.
Monthly Payments. On each Transfer Date, the Trustee, ---------------- acting in accordance with written instructions from the Servicer substantially in the form of Exhibit D hereto, shall make the withdrawals, deposits and payments specified in subsections (a) through (h) of this Section 4.09.
Monthly Payments. The Lease (if not an Advance Payment Plan Lease) provides for monthly payments in U.S. dollars in an amount equal to the sum of (i) a level scheduled payment that provides a fixed internal rate of return and amortizes the Adjusted Capitalized Cost stated in the Lease to the Contract Residual Value of the related Leased Vehicle over the term of the Lease, plus (ii) other fees and taxes on the Lease.
Monthly Payments. Beginning on the date that is the twelve (12) month anniversary of the date hereof, the Company shall make monthly payments of interest, and beginning on the date that is the eighteen (18) month anniversary of the date hereof, the Company shall make monthly payments of interest plus principal payments in the amount of One Hundred Thousand Dollars ($100,000) (such payments shall be referred to as “Scheduled Payments”). After the first Scheduled Payment, each subsequent Scheduled Payment shall be due and payable on the same day of each subsequent calendar month until the Maturity Date. All payments in respect of the indebtedness evidenced hereby shall be made in collected funds, and shall be applied to principal, accrued interest and charges and expenses owing under or in connection with this Note in such order as the Holder elects, except that payments shall be applied to accrued interest before principal. Notwithstanding the foregoing, this Note shall become due and immediately payable, including all accrued but unpaid interest, upon an Event of Default (as defined in Section 2 hereof). Notwithstanding any provision of this Section 1(c) to the contrary, the Holder may, at its option and in its sole discretion, deliver a written notice to the Company at least two (2) days prior to any Scheduled Payment due date electing to have the payment of all or any portion of Scheduled Payment payable on the next Scheduled Payment due date deferred to the Maturity Date. Any amount deferred to the Maturity Date pursuant to this Section shall continue to accrue interest through the Maturity Date. In the event that the Company redeems a portion of the principal amount outstanding under this Note, the Company shall be entitled to an off-set to the amount of principal due pursuant to the next Schedule Payment equal to the amount of principal redeemed or converted (the “Off-Set Amount”). In such event the Company shall be obligated to make the next Scheduled Payment reduced by any Off-Set Amount as contemplated hereunder.
Monthly Payments. We will pay you monthly during the Term.
