Examples of Early Payment in a sentence
Cure for an Early Payment Default is repurchase or indemnification, at the sole discretion of Arc.
On Loans closed in Seller’s name and sold to Arc, an Early Payment Default (EPD) occurs when any of the first four (4) payments due after purchase of the Loan by Arc becomes ninety (90) or more days delinquent and such delinquency is not attributable to an error in servicing or other material error of Arc or its affiliates.
Upon receipt of the Early Payment Amount, and the written request of the Owner and payment of the City's then prevailing fee therefor, the City shall execute a consent to the discharge of the Restriction from title to the Property and this Agreement and the obligations of the parties hereunder will terminate.
The City shall make payments to Contractor at its address for notices within 30 days of receipt of an approved invoice, unless the parties agree to the payment time under the Early Payment Discount in section 4.01.2. All fees due to Contractor under this Agreement shall only be payable from certain Allocated Funds, as provided in Section 4.04.
At any time the Owner may elect to pay to the City the rate for a single detached dwelling as set out in the By-law and as applicable on the date of issuance of the Building Permit, currently $XXXXX and indexed annually as set out in Section 3(1) of this Agreement, from the date of issuance of the Building Permit to the date of payment, and all other amounts outstanding under this Agreement (the "Early Payment Amount").