AP Payment definition

AP Payment shall be defined as an amount equal to 50% of the Revenue from both current and new Students unless stated otherwise in this Agreement or an Addendum to this Agreement.
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AP Payment has the meaning given to the term in Section 3.5 hereof. BioZone Share Acquisition Agreement 36
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Examples of AP Payment in a sentence

  • USA 100% MasterCard International Incorporated USA 100% MasterCard (India) Private Limited India 100% MasterCard Advisors, LLC USA 100% MasterCard A/P Payment Services Inc.

  • In the event the Borrower shall fail to make a payment of any AP Payment pursuant to this section, which failure is not cured within five (5) business days after written notice thereof, such amount shall be automatically added to the principal balance of the New Note, in which event interest shall accrue thereon in accordance with the terms of the New Note and such additional principal amount shall be convertible in accordance with the terms of the New Note.

  • The late fee for the AP Payment Cards will be 2.5% of the amount past due.

  • Commencing on January 1, 2019 and until all such accounts payable shall have been repaid in full, the AP Payment shall increase to $25,000.

  • As required by Section 3.5 hereof, Shareholder will have made delivery to Company of the AP Payment.

  • UL Lafayette will collect all Revenue from Students, and remit the AP Payment to AP within thirty (30) days of the start of any Prerequisite Course(s) and Online Program(s).

  • The Commission will be calculated excluding any third-party products and services, services fees, setup fees, implementation fees, taxes, and hard goods (e.g. Company training fees, AP Payment Automation, AP Invoice Capture, Payroll).

Related to AP Payment

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.