Payahead Sample Clauses
The Payahead clause allows a party to make payments before they are due under a contract. In practice, this means that a party can choose to pay amounts owed in advance of the scheduled payment dates, either in full or in part, without breaching the agreement. This clause is useful for parties who wish to manage their cash flow proactively or take advantage of early payment discounts, and it ensures that early payments are permitted and properly credited, thereby providing flexibility and reducing the risk of disputes over payment timing.
Payahead. With respect to any Mortgage Loan and any Due Date therefor, any Scheduled Payment received by the applicable Servicer during any Collection Period in addition to the Scheduled Payment due on such Due Date, intended by the related Mortgagor to be applied on a subsequent Due Date or Due Dates.
Payahead. Any Scheduled Payment intended by the related Mortgagor to be applied in a Collection Period subsequent to the Collection Period in which such payment was received.
Payahead. With respect to any Mortgage Loan and any Due Date therefor, any Monthly Payment received by the applicable Servicer during any Due Period in addition to the Monthly Payment due on such Due Date and intended by the Mortgagor to be applied at a future Due Date.
Payahead. Any Monthly Payment intended by the related borrower to be applied in a Collection Period subsequent to the Collection Period in which such payment was received. Paying Agent: Initially, the Securities Administrator, in its capacity as paying agent under the Indenture and the Trust Agreement, or any successor to the Securities Administrator in such capacity.
Payahead. Any Scheduled Payment intended by the related Mortgagor to be applied in a Due Period subsequent to the Due Period in which such payment was received. PCAOB: Shall mean the Public Company Accounting Oversight Board.
Payahead. With respect to any Mortgage Loan and any Due Date therefor, any Monthly Payment received by the applicable Servicer during any Due Period in addition to the Monthly Payment due on such Due Date and intended by the Mortgagor to be applied at a future Due Date. PCAOB: The Public Company Accounting Oversight Board.
Payahead. Any Monthly Payment intended by the related borrower to be applied in a Collection Period subsequent to the Collection Period in which such payment was received. Paying Agent: Initially, the Securities Administrator, in its capacity as paying agent under this Agreement, or any successor to the Securities Administrator in such capacity. PCAOB means the Public Company Accounting Oversight Board.
Payahead shall be added to the Payahead Balance and shall be applied to prepay the Precomputed Receivable only if the sum of such excess and the previous Payahead Balance shall be sufficient to prepay the Receivable in full. Otherwise, and such remaining excess payment shall constitute a Payahead and shall increase the Payahead Balance.
Payahead. Any Monthly Payment intended by the related borrower to be applied in a Collection Period subsequent to the Collection Period in which such payment was received.
Payahead. With respect to any Mortgage Loan and any Due Date therefor, any Monthly Payment received by the Servicer during any Due Period in addition to the Monthly Payment due 126031 Bayview 2005-1 Trust Agreement on such Due Date and intended by the Mortgagor to be applied at a future Due Date. Such amounts shall be deemed to have been received on such future Due Date.