Examples of Excess Payment in a sentence
On or before each Required Payment Date, a certificate prepared as of the close of business on the last day of the Excess Payment Period ending prior to such Required Payment Date, executed by a Responsible Officer of the Borrower, setting forth in reasonable detail (I) the Total Portfolio Net Receipts for such Excess Payment Period, and (II) the Excess Payment Accrued Amount on such Required Payment Date.
Excess Payment (Check all that apply) ☐ If the unpaid balance on the Contract Price at the time of the termination exceeds the expense of finishing the Work, Owner shall pay such excess to Contractor.
On each Required Payment Date, the Borrower shall prepay the outstanding principal balance of the Loans by an amount equal to the Excess Payment Amount.