Payment of Rebate. 10.7.1 In case the Long Term Transmission Customer pays to the TSP through any mode of payment in respect of a Monthly Transmission Charge Invoice or Supplementary Xxxx, the following shall apply:
Payment of Rebate. Payment of rebate by KYPERC is subject to the terms and conditions of this Agreement. Completed and approved Applications should have a rebate check issued within 90 days after the Application is received at the KYPERC office, subject to Available Funds. No Applicant has a legal right or other entitlement to receive rebates under the Program or this Agreement. A completed Application does not bind KYPERC to approve or pay a rebate to any applicant.
Payment of Rebate. The Charterers (as sellers under the MOA) shall pay to the Owners (as buyers under the MOA) accrued Rebate over each Instalment on the last day of each Rebate Period (each a “Rebate Payment Date”).
Payment of Rebate. The applicable rebate of the Termination Fee shall become payable to Customer upon execution of a new exclusive agreement for Initial Services by and between Customer and Metavante within six (6) months following the Effective Date of Termination (the “New Agreement”). The terms of such New Agreement shall be as mutually agreed by the parties and nothing herein shall obligate Metavante or Customer to accept any terms or conditions, whether or not previously acceptable to either of them. The rebate may be paid to Customer by Metavante, in its sale discretion, in the form of a discount to fees payable by Customer under the New Agreement or as a credit against implementation, conversion, training, or professional services fees payable by Customer, or in such other manner as Metavante shall decide.
Payment of Rebate. The Authority covenants to calculate and to pay directly to the government of the United States of America all amounts due for payment of "arbitrage rebate" under Section 148(a) of the Code with respect to any Obligations. Nevertheless, the Authority in the future may direct the Trustee to pay arbitrage rebate from amounts held in any fund hereunder for any or all Series of Obligations (which direction shall specify the procedures for collection and payment of amounts due in respect of arbitrage rebate) if (a) required under any amendments to Section 148(a) of the Code or (b) the Authority otherwise determines that the payment of arbitrage rebate is necessary or appropriate.
Payment of Rebate. (i) No earlier than 60 days, or later than 35 days, before each Rebate Installment Date, the Trustee shall notify the Authority by registered or certified mail, postage prepaid, or by Electronic Means, of its obligation to furnish the following with respect to each Series of Tax-Exempt Bonds which is a separate series for federal income tax purposes not later than 15 days prior to the applicable Rebate Installment Date: (w) a copy of Form 8038-T, if any rebate amount is owed to the federal government, (x) a statement of the amount due on the Rebate Installment Date, if any, (y) a certificate as to the accuracy of such determination of a certified public accountant (who may be an employee of the Authority) or a firm of accountants or other professionals, in each case having expertise in calculating the amount required to be paid pursuant to section 148(f) of the Code (each, a "Rebate Professional") and (z) if the amount held in the applicable Account of the Rebate Fund is less than the amount so determined, an amount in cash or funds available on such day equal to the difference. The Authority shall notify promptly the Trustee of each date which it selects as a Rebate Installment Date. Upon receipt of the foregoing, the Trustee shall make the payment provided for in subsection (c)(ii) below, but if the Trustee shall not have received all of the foregoing on the date due, the Trustee shall pay over to the United States within the period prescribed in subsection (c)(ii) below all of the funds then held in the applicable Account of the Rebate Fund, together with a copy of the applicable Form 8038-T, if available, unless on or before such date, the Authority shall have provided to the Trustee an unqualified opinion of a Rebate Professional stating that no further action by the Authority or the Trustee is necessary for compliance as of such Rebate Installment Date with section 148(±) of the Code.
Payment of Rebate. The Borrower agrees to comply with the Tax Certificate and to take all steps necessary to compute and pay any rebatable arbitrage in accordance with Section 148(f) of the Code, including but not limited to the following:
Payment of Rebate. (i) On a date no later than 60 days after the close of last day of the fifth Bond Year and each succeeding fifth Bond Year or at such other times as the Borrower may specify with the concurrence of Bond Counsel, or such other time as may be provided by law, the Trustee, at the written direction of the Authorized Borrower Representative, shall pay to the United States from amounts on deposit in the Rebate Fund at least the amount required to be paid pursuant to the provisions of Section 148(f) of the Code as calculated by or on behalf of the Borrower, provided that any amount due in excess of amounts in the Rebate Fund shall be paid by the Borrower. Within 60 days after the Final Computation Date, the Trustee, at the written direction of the Authorized Borrower Representative, shall pay to the United States of America from amounts on deposit in the Rebate Fund 100% of the entire amount then payable pursuant to this Section 148(f) of the Code as calculated by or on behalf of the Borrower, provided that any amount due in excess of amounts in the Rebate Fund shall be paid by the Borrower. Unless otherwise provided by law, each payment shall be made to the Internal Revenue Service Center, Pxxxxxxxxxxx, Xxxxxxxxxxxx 00000 or any other address specified by the Internal Revenue Service, accompanied by a copy of the applicable Form 8038-T and any additional materials that may be required by law or regulation. Any officer of the Issuer is authorized to execute a Form 8038-T for this purpose, but the preparation, accuracy and completeness thereof are the sole responsibility of the Borrower.
Payment of Rebate. The applicable rebate of the Termination Fee shall ----------------- become payable to Reseller upon execution of a new agreement for reselling Xxxx Payment Services by and between Reseller and Metavante within thirty- six (36) months following the Effective Date of Termination (the "New Agreement"). The terms of such New Agreement shall be as mutually agreed by the parties and nothing herein shall obligate Metavante or Reseller to accept any terms or conditions, whether or not previously acceptable to either of them. The rebate may be paid to Reseller by Metavante, in its sole discretion, in the form of a discount to fees payable by Reseller under the New Agreement or as a credit against implementation, conversion, training, or professional services fees payable by Reseller, or in such other manner as Metavante shall decide. Reseller's right to receive the rebate of the Termination Fee as provided under Section 5 above may not be cancelled or revoked except by a written instrument signed by Metavante expressly revoking Reseller's right to receive such rebate delivered prior to execution of the New Agreement.
Payment of Rebate. 6.1 Rebates Subject to Item 2 Schedule 3, the Retailer must deduct the amount of the Rebate from the amount payable by a Rebate Customer on account of Customer Retail Services provided to the Rebate Customer. To avoid doubt, the Rebate cannot be used to reduce the amount payable by the Rebate Customer for any other goods or services.
