Last Payment definition

Last Payment has the meaning ascribed thereto in Subsection 0;
View Source

Examples of Last Payment in a sentence

  • Each such Annual Bonus shall be paid no later than the last business day of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded (the "Last Payment Date").

  • The Corporation shall pay such additional compensation no later than the Last Payment Date.

  • The Executive shall receive a cash payment in a single sum, within 10 days following the Executive’s Date of Termination, and no later than the Last Payment Date, in the amount equal a pro rata portion of the “target” full year’s bonus for the Executive under such bonus plan or program for the portion of the year ending on the date of the termination, with a partial month counted as a completed month.

  • If the Executive prior to a Change in Control was receiving any cash-in-lieu payments designed to enable the Executive to obtain insurance coverage of his choosing, the Corporation shall, in addition to any other benefits to be provided under this Section 8(c)(ii)(d), provide Executive with a lump-sum payment equal to the amount of such in-lieu payments that the Executive would have been entitled to receive over the Coverage Period, no later than the Last Payment Date.

  • The Executive shall also receive, subject to the mitigation provisions of subsection (d) below, in a single sum payable at the time of termination, and no later than the Last Payment Date, a cash severance payment (the “Severance Payment”) from the Corporation.

  • Such cash payment shall be payable in a single sum, within 10 days following the Executive’s Date of Termination, and no later than the Last Payment Date.

  • Blank 1(x) Last Payment Received Date (LPRD) 3 YYYYMMDD Receipt Date of the last fully paid monthly installment of principal, interest, and escrow (if any) that was received from the borrower.

  • If the Last Payment date of the principal of the Loan is not the Interest Payment Date, the last payment date of the Principal of the Loan is the Interest Payment Date and the Borrower shall pay all the interest payable.

  • This means the Last Payment Date and Balance Due Date will also change.

  • Timing of payments Frequency First Payment Last Payment Number of payments Amount of each payment Total amount of payments Annual interest rate: Total interest charges This is the total amount of the interest charges payable under the contract.

Related to Last Payment

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Interest Payment Amount means, for a Class of Notes and any Payment Date, the Interest Accrual Amount for that Class of Notes, less any Modification Loss Amount for that Payment Date allocated to reduce the Interest Payment Amount for that Class of Notes.

  • Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.