Interim Payment Period definition

Interim Payment Period means, at any time that interest on or principal of any Senior Obligations or Pari Passu Obligations is scheduled to be paid on an Interim Payment Date, the period commencing on the immediately preceding Payment Date and ending on such Interim Payment Date.
Sample 1Sample 2Sample 3
Interim Payment Period means the period beginning on the date that a Group Member enters into a binding obligation to make an Acquisition or commence a Capital Improvement or Capital Replacement and ending on the earlier to occur of the date that such Acquisition, Capital Improvement or Capital Replacement Commences Commercial Service and the date that the Group Member abandons or disposes of such Acquisition, Capital Improvement or Capital Replacement.
Sample 1Sample 2Sample 3
Interim Payment Period means a period shorter than and within the Bonus Period for which an Interim Payment may be made.
Sample 1Sample 2Sample 3

Examples of Interim Payment Period in a sentence

  • If a Participant dies before receiving an Actual Award or Interim Payment (determined under Section 2.3) that was scheduled to be paid before his or her death for a prior Bonus Period or Interim Payment Period, then the Actual Award or Interim Payment shall be paid to the Participant’s designated beneficiary or, if no beneficiary has been designated, to the administrator or representative of his or her estate.

  • Specifically, information technology investments are considered major if they meet at least one of the following criteria: 1) total costs exceed $50 million for a five-year rolling period of performance, 2) the total annual budget is $5 million or higher, or 3) more than one bureau is significantly affected.‌5 Information technology investments not considered a major investment are classified as nonmajor.

  • The Buyer shall be entitled to reject any invoice which does not comply with this condition 11 and/or (as appropriate) condition 12 (Interim Payment Certificates), which will result in payment (and the commencement of the Payment Period or the Interim Payment Period (as appropriate)) being delayed.

  • The Applicant is responsible for ensuring that all litter and waste is carried out of the Reserve and disposed of appropriately.

  • Subject to Section 2.3, payment of each Actual Award or Interim Payment shall be made as soon as administratively practicable, but in no event later than two and one-half months after the end of the applicable Bonus Period or Interim Payment Period, as the case may be.

  • One year from the commencement of each Payment Period (or fifteen months in the case of the Payment Period ending August 31, 1981), the Compensation Committee or the Board of Directors may permit employees who have become eligible since the commencement of the Payment Period to elect to become participants in the Plan for the balance of that Payment Period (the balance of such Payment Period being herein sometimes referred to as an "Interim Payment Period").

  • If any Senior Obligations, Pari Passu Obligations, or Subordinated Obligations require the payment of principal or interest on any Interim Payment Date after the Debt Service Payment Commencement Date, the Borrower shall promptly notify the Servicer (if any) and the TIFIA Lender thereof in writing, identifying the period covered by such Interim Payment Period and the Interim Payment Date.

  • Good grief—I’ve never met the woman, but she follows me everywhere.For pinned on her shoulders, tied to her sorry reputation, and sealed with all the force of hardened cement, remain our percep- tions of the woman who was first deceived.

  • An employee who withdraws from the Plan may not re-enter the Plan during that Payment Period (or Interim Payment Period).

  • The Overdetained Named Plaintiff brings this action against the Government of the District of Columbia under Section 1983 of the Civil Rights Act of 1871, 42 U.S.C. § 1983, to enforce the Fourth, Fifth and Eighth Amendments, for injuries suffered by them, because the District overdetained them and other members of the class at a Department of Corrections facility.


More Definitions of Interim Payment Period

Interim Payment Period means, at any time that interest on or principal of any Additional Obligations is scheduled to be paid on an Interim Payment Date, any period from (and including) the immediately preceding Payment Date to (but excluding) such Interim Payment Date.
Sample 1
Interim Payment Period means, at any time that interest on or principal of any Senior Obligations, Subordinate Lien Obligations or Other Obligations is scheduled to be paid on an Interim Payment Date, the period from and including the immediately preceding Payment Date to but excluding the date immediately prior to such Interim Payment Date.
Sample 1
Interim Payment Period means, at any time that interest on or principal of any Trust Agreement Obligations or Pari Passu Obligations is scheduled to be paid on an Interim Payment
Sample 1

Related to Interim Payment Period

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Payment Period means the three months following each Collection Quarter.

  • Non-Payment Period means any period commencing on and including the day on which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding any Dividend Payment Date, for payment on or (to the extent permitted by paragraph 2(c)(i) of this Article VIII, Section 2 of these Amended By-Laws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on shares of APS payable on such Dividend Payment Date or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days' but no more than 30 days' written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by paragraph 2(c)(i) of these Amended By-Laws, shall not constitute a "Non-Payment Period."

  • Interim Payment has the meaning specified in Section 10.1.

  • Assessment Period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Agreement Period means the time period specified in Article IV, Paragraph A, herein.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Earn-Out Period has the meaning set forth in Section 2.5(a).

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • Remittance Period means, (a) as to the initial Payment Date, the period beginning on, and including, the Closing Date and ending on, and including, the Determination Date immediately preceding such Payment Date and (b) as to any subsequent Payment Date, the period beginning, and including, on the first day after the most recently ended Remittance Period and ending on, and including, the Determination Date immediately preceding such Payment Date, or, with respect to the final Remittance Period, the Collection Date.

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Proration Month means the month for which capacity is to be allocated under Item 7.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Billing Period means (subject to Article 6.1 of the Agreement) the calendar month ending with the Metering Date. The first Billing Period shall commence from the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs.