Irrevocable Payment definition

Irrevocable Payment means payment that cannot be set aside or required to be returned for any reason, including recovery under the provisions of the Bankruptcy Code. * * * * * * Material has been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.
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Examples of Irrevocable Payment in a sentence

  • Upon receipt of payment of the Called Amount in full into the specified account in accordance with Clause 2 (Irrevocable Payment Commitment) above, the SRB shall return an amount of Cash Collateral equal to the Called Amount thus paid by transfer to the account specified in writing by the Institution as soon as reasonably possible thereafter.

  • This Irrevocable Payment Instruction cannot be changed, modified, or terminated, except by written agreement signed by Lender, Company, and Processor.

  • All of the monies received by the Company will be credited by the Company to the Merchant's account and the Company shall remit all monies pursuant to this Agreement and the Irrevocable Payment Instructions only to the Merchant.

  • For the avoidance of doubt, the failure to deliver any Servicer’s Report, Repurchase Notice, and Notice of Assignment and Irrevocable Payment Instruction, whether in whole or in part, shall not be a failure to satisfy any condition to Closing pursuant to Section 8.2.

  • Forthwith upon delivery of any Sales Contract Designation Notice with respect to any Sales Contract, the Assignor shall deliver duly executed Irrevocable Payment Instructions with respect to that Sales Contract to the relevant Buyer and, in the case of a Covered Buyer, the Permitted Covering Institution issuing the letter or letters of credit or insurance policy or policies supporting the relevant Buyer’s payment obligations under that Sales Contract (with, in each case, a copy to the Trustee).

  • No Company shall be prevented by any ------------------- Authority or by any Applicable Law from paying Program Collections and Related Collections to the Program Collection Account in accordance with the applicable Irrevocable Payment Instruction and no Company shall have so asserted in writing.

  • This Irrevocable Payment Authorization has been executed in connection with a proposed transaction facilitated by Banker for the benefit of the Company.

  • This Irrevocable Payment Instruction supersedes and replaces any prior instructions provided to Processor to date.

  • The Assignor, by way of security, irrevocably appoints the Trustee to be its attorney and in its name, on its behalf and as its act and deed to execute, deliver and perfect all documents (including any Irrevocable Payment Instructions or other notice of assignment) and do all things that the Trustee may consider to be necessary for (a) carrying out any obligation imposed upon the Assignor under this Assignment or (b) exercising any of the Collateral Rights.

  • The Company shall have received payment (or confirmation that an Irrevocable Payment Instruction has been made with respect to such payment), by wire transfer of immediately available funds or by cancellation of indebtedness of the Company to each applicable Purchaser, in the full amount of the Purchase Price for the Notes being purchased by such Purchaser at the Closing.

Related to Irrevocable Payment

  • Reasonable payment means, with respect to professional and other technical services, a payment in an amount that is consistent with the amount normally paid for such services in the private sector.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • Agreed Amount means part, but not all, of the Claimed Amount.

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the ▇▇▇▇▇▇ (such as, but not limited to, ▇▇▇▇▇▇ name, ▇▇▇▇▇▇ account number, and Scheduled Payment Date).