Expected Payment definition

Expected Payment means an expected monthly lease or other contract payment for each Variable Payment Transaction based upon an average thirty-eight (38) month lease or other contract term.
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Examples of Expected Payment in a sentence

  • Even if Schedule B contains overlapping Milestones, unless Schedule B also specifies Report Due Dates or Expected Payment Dates within the same calendar month, Alberta Innovates will not review more than one Report or issue more than one payment, as the case may be, per calendar month.

  • Funds deposited in the Principal Funding Account on a Business Day (which immediately precedes the Expected Payment Date) upon the maturity of any Eligible Investments are not required to be invested overnight.

  • The Expected Payment Date of the Class A Advance requested hereby is ____________.

  • For the avoidance of doubt, and subject to all Class A Advances being due and payable on the Expected Final Payment Date, there is no limit on the number of times which the Expected Payment Date may be extended in accordance with this Sub-Clause 2.3(b)(iv).

  • Cash payments received from the Company less than twenty-four (24) hours prior to the Expected Payment Date may incur additional rush processing fees.

  • Rights Agent shall be excused from any failure to provide or cause to be provided timely payments to the extent Company fails to provide such cash to Rights Agent at least twenty-four (24) hours prior to the Expected Payment Date.

  • On or prior to the first Due Period which is nine months prior to the Due Period related to the Distribution Date which is the Expected Payment Date, the Servicer shall determine in its sole discretion the Accumulation Period Length and the Accumulation Period Commencement Date and, promptly following such determination, the Servicer shall notify the Master Trust Trustee and the Rating Agencies in writing of such determination.

  • Funds on deposit in the Principal Funding Account shall be invested at the direction of the Servicer in Eligible Investments that will mature so that such funds will be available on or before the close of business on the Business Day next preceding the Expected Payment Date.

  • On each Distribution Date (including the Expected Payment Date), Monthly Interest will be distributed to the Series 1997-1 Certificateholders as accrued interest on the 1997-1 Certificates.

  • On the Expected Payment Date, in addition to the amount described in (a) above, amounts on deposit in the Series Principal Account will be distributed as principal (up to a maximum of the Invested Amount on such Distribution Date) on the Series 1997-1 Certificates.

Related to Expected Payment

  • Specified Payment means any Permitted Acquisition, Investment, loan, advance, incurrence of or payment with respect to Indebtedness or other transaction made subject to satisfaction of the Payment Conditions or any component thereof.

  • Restricted Payment means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Borrower or any Subsidiary or any option, warrant or other right to acquire any such Equity Interests in the Borrower or any Subsidiary.

  • Permitted Payment as defined in Subsection 8.2(b).

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.