Excess Payments definition

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

Examples of Excess Payments in a sentence

  • I hope that with the further disclosures that were made late in this process that it will be possible to determine and agree the amounts of Excess Salary and of Excess Payments and of the balance of Mrs Langer’s shareholder loan account, but I cannot rule out that further expert forensic accountancy work may be needed for this.

  • In order to deal with these points, I propose to order that the Respondent should assume the liability to repay Mrs Langer’s shareholder loans account up to the lesser of (i) the full value of such shareholder loan account; and (ii) 25% of the sum of the Excess Salary and the Excess Payments.

  • The forfeiture of Excess Payments, if applicable, shall be applied to the severance described in Section 5(c) hereof, then to cancellation of accelerated vesting of performance-based equity awards (based on the reverse order of the date of grant), then to cancellation of accelerated vesting of other equity awards (based on the reverse order of the date of grant), and then to any other Payments on a pro-rata basis.


More Definitions of Excess Payments

Excess Payments. With respect to a Due Period, any amounts received on an SBA 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 has the meaning set forth in Section 1.8(e).
Excess Payments shall have the meaning set forth in Section 3.6(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 has the meaning specified in Section 4.09. ---------------