IT Payment definition

IT Payment has the meaning set forth in Section 3.1(b);
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IT Payment means any payment of principal, interest, fees or other amounts payable by the Intermediary Trust to the Funding Vehicle under the IT Project Finance Agreement;
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Examples of IT Payment in a sentence

  • The Parties agree that on or as soon as reasonably practical after the IT Payment Date they shall take all necessary steps to direct the release of funds from the Distribution Escrow Account to pay an amount equal to the Canadian IT Amount to NNL (on behalf of the Canadian Main Sellers) and an amount equal to the NNI IT Amount to NNI (on behalf of the U.S. Debtors).

  • Unless otherwise provided herein, the prices include all taxes not expressly imposed by law on I.T. Payment terms for the Goods are net 30 days from I.T.’s receipt of an invoice from the Seller.

  • The IT Payment shall be payable in immediately available funds on the Data Center Acceptance Date to the account or accounts designated by the Seller not less than three Business Days prior to the Data Center Acceptance Date.

  • Notwithstanding the foregoing, the maximum amount of the Preliminary Purchase Price and the IT Payment required to be denominated in currency other than Dollars shall not exceed the Commitment Amount, as such term is defined in the Equity Commitment Letter.

Related to IT Payment

  • Debit Payment means a particular transaction where a debit is made.

  • REIT Payment has the meaning set forth in Section 15.12 hereof.

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.