Due and payable definition

Due and payable means an amount due and payable in accordance with the Contract; and
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Due and payable means, with respect to Taxes and Other Charges, the date upon which, if the applicable Taxes or Other Charges are not paid, such Taxes or Other Charges become delinquent or begin accruing fees, charges, penalties and/or interest or the payee thereof becomes entitled to exercise any right or remedies for non-payment thereof.
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Due and payable means “must be paid now”.
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Examples of Due and payable in a sentence

  • Blanket permits for PUC regulated utilities (for one year)$3,200 (Due and payable by June 30th of each year)6.

  • Due and payable three (3) days from the date of the monthly bill.

  • Therefore, the Applicant submits that on account of default made time to time by the Corporate Debtor in servicing of the Facilities, as well as continuous defaults in repayment, the present Application has been filled on the basis of the entire outstanding amount in relation to the Facilities which is Due and payable by the Corporate Debtor, i.e. INR 1633,36,24,150.79 as on 31.05.2020.

  • The rate of interest is Base Rate plus 1% p.a.- Due and payable in 1 installment- The balance outstanding as at June 30, 2012 is ` 300.00 million.

  • As relevant here, the agreement’s payment clause states: “First Installment: Due and payable on the earlier of (i) 30 calendar days after completion of the Abatement or commencement of the Demolition portion of the Work, whichever occurs first; and (ii) the Removal .

  • The MLS Technology is payable according to the following schedule: Annually: $84.00 (Due and payable upon receipt of billing August 1st of each year)Lockboxes are sold separately and are changed in addition to the annual fee.

  • Due and payable twenty (20) days from the date of the monthly bill.

  • The BLC® listing service Technology is payable according to the following schedule (choose one):Annually: $431 (Due and payable prior to the start of the second quarter of each year)Semi-Annually: $466 ($233.00 Due and payable prior to the start of both the second and fourthquarters of each year) New applicants will pay a prorated portion of the BLC® listing service Technology fees by month joined.

  • Rental Fee Per Event $1397.00 Due and payable on the Monday prior to each event.

  • Due and payable at some future point in time, perhaps 2-3 months after the tax bill is received by the property owner.


More Definitions of Due and payable

Due and payable means (i) when used with reference to the principal of, premium or interest on the Indebtedness, or when referring to any and all other sums secured by this Mortgage or any other of the Subordinate Loan Documents shall mean due and payable, whether at the monthly or other date of payment or at the date or maturity specified in the Note, this Mortgage or other Subordinate Loan Documents or by acceleration or call for prepayment as provided in the Note, this Mortgage or the other Subordinate Loan Documents, and (ii) when used with reference to Impositions, the last day upon which any such charge may be paid without penalty or interest and prior to delinquency.
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Due and payable when used with reference to the principal of, or premium or interest on, or when referring to any and all other sums secured by this Security Instrument shall mean due and payable, whether at the monthly or other date of payment or at the date of maturity specified in the Note or this Security Instrument; or, in the case of Impositions, the last day upon which any charge may be paid without penalty and/or interest.
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Due and payable means that Omnicare shall make any payments due hereunder on such earlier date as shall be required to provide MHS with good funds in hand on each of the designated due dates specified in the Payment Term section of this Agreement. Omnicare may defer payment with respect to any shortage in a shipment, but only to the extent of such shortage and only if Omnicare has notified MHS of such shortage within three (3) business days of receipt of the shipment.
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Due and payable means the date as specified in the schedule for repayment for each repayment installment.
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Due and payable on the earlier to occur of:
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Related to Due and payable

  • Due and Payable Amount means the amount that is due and payable under (and in accordance with the terms of) a Deliverable Obligation on the Delivery Date, whether by reason of acceleration, maturity, termination or otherwise (excluding sums in respect of default interest, indemnities, tax gross-ups and other similar amounts).

  • Funding and Payment Office means (i) the office of Administrative Agent and Swing Line Lender located at Xxx Xxxxx Xxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxxx, 00000 or (ii) such other office of Administrative Agent and Swing Line Lender as may from time to time hereafter be designated as such in a written notice delivered by Administrative Agent and Swing Line Lender to Company and each Lender.

  • Nonpayment of premium means the failure or inability of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance subject to this section, whether such payments are payable directly to the insurer or its agent or indirectly payable under a premium finance plan or extension of credit;

  • Redemption and Paying Agent means American Stock Transfer & Trust Company, LLC and its respective successors, or with the prior written consent of the Purchaser (which consent shall not be unreasonably withheld), any successor Person, which has entered into an agreement with the Issuer to act in such capacity as the Issuer's tender agent, transfer agent, registrar, dividend disbursing agent, paying agent and redemption price disbursing agent and calculation agent in connection with the payment of regularly scheduled dividends with respect to VMTP Shares.

  • Repayment and “Repaid” shall have correlative meanings. For purposes of Section 4.04 and Section 4.07 and the definition of “Consolidated Fixed Charges Coverage Ratio,” Debt shall be considered to have been Repaid only to the extent the related loan commitment, if any, shall have been permanently reduced in connection therewith.

  • Invoicing and Payment Policy means the invoicing and payment policy. A copy of our current Invoicing and Payment Policy is attached as Exhibit B.

  • Nonpayment means, with respect to any Distribution Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Agreement.

  • Tax Event Upon Merger has the meaning specified in Section 5(b).

  • Early Redemption Unwind Costs means an amount (which may be either a positive or negative number) equal to the sum of:

  • Acceleration means, with respect to the amounts payable in respect of the Equipment Notes issued under any Indenture, such amounts becoming immediately due and payable by declaration or otherwise. “Accelerate”, “Accelerated” and “Accelerating” have meanings correlative to the foregoing.

  • Events of Default has the meaning specified in Section 6.01.

  • Specified Payment means (a) any investment, loan or advance pursuant to Section 6.04(v), (b) any Restricted Payment pursuant to Section 6.08(a)(x), and (c) any Restricted Debt Payment pursuant to Section 6.08(b)(vi).

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Designated Payment Office means the Office of NYSERDA’s Controller, located at 00 Xxxxxxxx Xxxxxx, Xxxxxx, Xxx Xxxx 00000.

  • Eligible Subordinated Debt means, at any time in respect of any issuer, each series of the issuer’s then-outstanding long-term indebtedness for money borrowed that (a) upon a bankruptcy, liquidation, dissolution or winding up of the issuer, ranks subordinate to the issuer’s then outstanding series of indebtedness for money borrowed that ranks most senior, (b) is then assigned a rating by at least one NRSRO (provided that this clause (b) shall apply on a Redesignation Date only if on such date the issuer has outstanding subordinated long-term indebtedness for money borrowed that satisfies the requirements in clauses (a), (c) and (d) that is then assigned a rating by at least one NRSRO), (c) has an outstanding principal amount of not less than $100,000,000, and (d) was issued through or with the assistance of a commercial or investment banking firm or firms acting as underwriters, initial purchasers or placement or distribution agents. For purposes of this definition as applied to securities with a CUSIP number, each issuance of long-term indebtedness for money borrowed that has (or, if such indebtedness is held by a trust or other intermediate entity established directly or indirectly by the issuer, the securities of such intermediate entity that have) a separate CUSIP number shall be deemed to be a series of the issuer’s long-term indebtedness for money borrowed that is separate from each other series of such indebtedness.

  • Transaction Expenses means any fees or expenses incurred or paid by the Borrower or any of its Subsidiaries in connection with the Transactions, this Agreement and the other Credit Documents and the transactions contemplated hereby and thereby.

  • Public moneys means all moneys belonging to, received by, or held by, the state, or any city, county, town, district, or public agency therein, or by an officer thereof acting in his or her official capacity, and includes the proceeds of all bonds and other evidences of indebtedness, trust funds held by public pension and retirement systems, deferred compensation funds held for investment by public agencies, and public moneys held by a financial institution under a trust indenture to which a public agency is a party.

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (provided that, with respect to the period prior to the Delivery Period Expiry Date, such Equipment Notes have an aggregate outstanding principal balance in excess of $300,000,000) or (b) a Continental Bankruptcy Event.

  • Repurchase Obligations All obligations of Seller to pay the Repurchase Price on the Repurchase Date and all other obligations and liabilities of Seller to Buyer arising under or in connection with the Repurchase Documents (for the avoidance of doubt, including all obligations and liabilities of a Seller Party to any Affiliated Hedge Counterparties arising under or in connection with the Interest Rate Protection Agreements), whether now existing or hereafter arising, and all interest and fees that accrue after the commencement by or against Seller, any Intermediate Starwood Entity or Guarantor of any Insolvency Proceeding naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding (in each case, whether due or accrued).

  • Credit Event Upon Merger has the meaning specified in Section 5(b).