Payaheads Sample Clauses

Payaheads. As of the close of business on the last day of each Collection Period, if the payments by or on behalf of the Obligor on a Rule of 78's Receivable (other than a Purchased Receivable) shall be less than the Scheduled Payment and accrued late fees with respect to such Receivable, the Payahead Balance of an Obligor shall be applied by the Servicer to the extent of the shortfall and such Payahead Balance shall be reduced accordingly.
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Payaheads. As of the close of business on the last day of each Collection Period, if the payments by or on behalf of the Obligor on a Precomputed Receivable (other than a Purchased Receivable) shall be less than the Scheduled Payment and accrued late fees with respect to such Receivable, the Payahead Balance of an Obligor, other than the portion, if any, of such Payahead Balance which constitutes a Payable, shall be applied by the Servicer to the extent of the shortfall and such Payahead Balance shall be reduced accordingly. The portion, if any, of the Payahead Balance of an Obligor which constitutes a Payable shall be applied by the Servicer as a payment on the related Receivable upon the earliest to occur of (i) the Collection Period in which such Receivable becomes a Liquidated Receivable and (ii) payment in full of all other amounts due and owing on such Receivable, including the payment of late charges and miscellaneous fees.
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Payaheads. Payaheads received with respect to any Lease shall be retained in the Collection Account until: (i) with respect to each Lease for which the payments made by or on behalf of the Lessee for the related Due Period are less than the scheduled payment for the related Due Period, the amount of prior Payaheads, if any, made with respect to such Lease which, when added to the amount of such payments, is equal to the amount of such scheduled payment, shall be treated as a part of such scheduled payment; and (ii) with respect to each Lease for which prepayments insufficient to prepay the Lease in full have been made by or on behalf of the Lessee for the related Due Period, the amount of prior Payaheads, if any, made with respect to such Lease which, when added to the amount of such prepayments, is equal to an amount sufficient to prepay such Lease in full, shall be treated as part of the Termination Payment for such Lease; and (iii) the amount of all Payaheads, if any, made with respect to any Lease repurchased by Transferor shall be returned to Transferor after such repurchase.
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Related to Payaheads

  • 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.

  • Transportation Allowance When an employee is required to travel to the Hospital or to return to her home as a result of reporting to or off work between the hours of 2400 - 0600 hours, (other than reporting to or off work for her regular shift) or any time while on standby, the Hospital will pay transportation costs either by taxi or by her own vehicle at the rate of forty cents (40 cents) per kilometre (to a maximum of fourteen dollars ($14.00) or such greater amount as the Hospital may in its discretion determine for each trip between the aforementioned hours. The employee will provide to the Hospital satisfactory proof of payment of such taxi fare. Where the Hospital requires the employee to travel between sites, the Hospital will pay for transportation costs of forty (40) cents per kilometre unless the Hospital provides transportation between sites.

  • Unanticipated Recoveries $ 0.00 ---------------

  • Basis Risk Reserve Fund (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Holders of the Certificates, the Basis Risk Reserve Fund. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including without limitation, other moneys held by the Trustee pursuant to this Agreement.

  • Accumulation Vacation time shall be earned and accumulated on a monthly basis in accordance with the following schedules:

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Account Access Electronic Check Transactions may only be made from your checking account.

  • Yield Supplement Account On the Closing Date, the Seller will deposit the Yield Supplement Account Deposit to the Yield Supplement Account from the net proceeds of the sale of the Notes. The Yield Supplement Account shall be the property of the Issuer subject to the rights of the Indenture Trustee for the benefit of the Securityholders.

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