Excess Payments definition

Excess Payments. With respect to a Due Period, any amounts received on a Mortgage Loan in excess of the Monthly Payment due on the Due Date relating to such Due Period which does not constitute either a Curtailment or a Principal Prepayment or payment with respect to an overdue amount. Excess Payments are payments of principal for purposes of this Agreement.

Excess Payments means payments made to a Participant pursuant to the Plan and the Excess Plan.

Excess Payments has the meaning assigned to such term in Section 2.01.

Examples of Excess Payments in a sentence

• CHL and the Trustee desire to appoint the Swap Contract Administrator, and the Swap Contract Administrator desires to accept such appointment, to distribute funds received under the Swap Contract to the Trustee and to CHL as provided in this Agreement, and, in the case of a NIM Issuance, to distribute Excess Payments in accordance with the related Swap Excess Assignment Agreement (each as defined below).

• Loss Constraint Excess Payments are credits rebated by Transpower as a result of money received from the Clearing Manager for the Wholesale Electricity Market and are excluded from the Transmission Charges.

• CHL and the Trustee desire to appoint the Swap Contract Administrator, and the Swap Contract Administrator desires to accept such appointment, to distribute funds received under the Swap Contract and the Swap Guarantee to the Trustee and to CHL as provided in this Agreement, and, in the case of a NIM Issuance, to distribute Excess Payments in accordance with the related Swap Excess Assignment Agreement (each as defined below).

• In addition to the provisions contained in this Plan, any deferrals of SERP Payments or Excess Payments must be in accordance with the terms of the SERP or the Excess Plan.

• Recovery of Excess Payments If We pay more than We owe under this Policy, We can recover the excess payment from you.

More Definitions of Excess Payments

Excess Payments shall have the meaning assigned to such term in Section 9.20.

Excess Payments has the meaning set forth in Section 1.8(e).

Excess Payments means payments made to a Participant pursuant to the Plan and the Excess Plan. These are amounts that a Participant deferred from the Excess Plan to this Plan which were transferred to this Plan at a time when the amounts were payable under the Excess Plan and held in an Excess Plan Account for the Participant.

Excess Payments means the excess of (A) the aggregate of the cash and fair market value (as determined by the Board of Directors, whose determination shall be conclusive evidence of such fair market value and described in a Board Resolution delivered to the Trustee) of other consideration paid by the Company or any of its Subsidiaries with respect to the shares of Common Stock acquired in a tender or exchange offer over (B) the price of a share of the relevant series of Common Stock (as reported on the principal securities exchange on which such series of Common Stock is listed) on the Trading Day immediately following the completion of the tender or exchange offer multiplied by the number of acquired shares.

Excess Payments shall have the meaning set forth in Section 1.9(d) of the Agreement.

Excess Payments shall have the meaning set forth in Section 3.6(e).

Excess Payments. With respect to a Due Period, any principal amounts received on a Mortgage Loan in excess of the principal amount included in the Monthly Payment due on the Due Date in such Due Period which does not constitute either a Curtailment or a Principal Prepayment.