Down Payments definition
Examples of Down Payments in a sentence
Rent Down Payments are not applicable to Spring Only housing applicants.
Delphi shall be responsible for all information reporting obligations arising from the UAW Retirement Incentives, the UAW Buy Out Payments, and the UAW Buy Down Payments and for remittance of all associated tax withholding and payroll taxes to the applicable taxing authorities.
The Down Payment(s) by the Obligor to Dealer described in the Contract was fully paid in cash.
If the Sales Price or the Down Payment amount falls between values on the schedule the corresponding commission value shall be calculated by pro-rating the commission amounts of the Sales Prices immediately above and below the booked Sales Price or the commission amounts of the Down Payments immediately above and below the booked down payment respectively.
Without any further notice to Buyer or any action or consent being required by Buyer Schedule 3.1 hereof shall be automatically amended to include, and the amount of the Wind Down Payments shall automatically be increased by, the amount required to be paid under the WARN Act for any WARN Act Liabilities incurred following the date hereof in connection with the closure of any of Sellers’ restaurants set forth on Schedule 3.1(c) after the date hereof.
For the avoidance of doubt, Wind Down Payments shall be limited to the specific applicable line item in Schedule 3.1, and any unused amounts in one line item may not be applied or carried over to any other line item (but instead shall be remitted to the Buyer).
We further confirm that we have received in full the Down Payment[s] in respect of which the Loans are being requested in the Reimbursement Request and that no part of the amounts referred to in the second column of the chart in paragraph 2(c) of the Reimbursement Request relate to any Down Payment, [and that the aggregate amount of all payments received by us under the Authorization to Proceed and the Satellite Supply Contract is no less than 5% of the Contract Price]6.
To verify the contractual proceedings and requirements applicable to the disbursement of Advanced Payments and / or Down Payments and to make the financial follow up thereof.
The Wind Down Payments have been prepared and the Designation Rights Budget will be prepared on a reasonable basis and in good faith and is based on assumptions believed by Sellers to be reasonable at the time made and from the best information then available to the Sellers.
Provided, further, that Contractor shall use its best efforts to cause the seller’s of such materials and components purchased with any Down Payments to acknowledge Owner’s vested interest therein.