May Payment definition

May Payment means the payment of the interest required to be paid pursuant to Section 1.06 hereof on the May Payment Date.
Sample 1
May Payment means the wire transfer payment made by Debtor to U.S. Bank on or about May 16, 2008 in the sum of $30,441,861.11 in respect to the Senior Notes.
Sample 1
May Payment. Tenant shall pay Landlord $13,929.15 for access to the Building during the month of May 2005.
Sample 1

Examples of May Payment in a sentence

  • He arguesthat while the five (5) pre-preference payments were issued (i.e., the checks were dated) between (1) to six (6) days from the payment due date (the due date being the first of each month), the May Payment was made thirteen (13) days after falling due, a discrepancy sufficiently large, according to the Trustee, to rob the transfer of ordinary course status.

  • The maximum allowable payments for the summer research period of May 13 through August 9 are given the table below: May Payment 10,000*.652 6520.00 June Payment 10,000.00 $10,000.00 July Payment 10,555.00 $10,555.00 August Payment 10,555*.318 $3356.49 Total Payment $30431.49 For additional sample calculations, see the examples given at the end of the guidelines.

  • Third, notwithstanding anything herein seemingly to the contrary, (a) prior to making any subsequent KEIP Payment, the Company shall first deduct from such KEIP Payment an amount equal to whatever portion of the May Payment Amount was paid to such Participant; and (b) the Company shall reduce or void KEIP Payments otherwise earned on account of Participants who are not employed by the Company as of the date KEIP Payments are made, in each case as set forth below.

  • To the extent that total Recoverable Value is less than $40,000,000, then no additional KEIP Payments (other than the May Payment Amount) shall be made under the KEIP.

  • The May Payment made pursuant to this Letter Agreement shall be on a pro rata basis to each of you, based on your investment relative to the other members of the Group, as more fully detailed on Schedule A attached hereto.

  • In the event a Participant is terminated for Cause or voluntarily terminates his or her employment with the Company, then (1) he or she shall forfeit any portion of the KEIP Payments unpaid as of the date of such termination, and (2) he or she shall return within 7 days of such termination any portion of the May Payment Amount received.

  • Subject to the restrictions on Transfers set forth herein, the terms of this Agreement shall be binding upon and shall inure to the benefit of the Members, their respective successors, successors-in-title, heirs and assigns; and each and every successor-in-interest to any Member, whether such successor acquires a Share by way of inheritance, gift, purchase, foreclosure or any other method, shall hold such Share subject to all of the terms and provisions of this Agreement.

  • The maximum allowable payments for the summer research period of May 15 through August 11 are given the table below: May Payment 10,000*.591 $5,910.00 June Payment 10,000.00 $10,000.00 July Payment 10,555.00 $10,555.00 August Payment 10,555*.409 $4,317.00 Total Payment $30,782.00 For additional sample calculations, see the examples given at the end of the guidelines.

  • School agrees to pay in installment payments of $34,743 .80 per month for 10 consecutive months which school is in session, August through May Payment is due by the 10th of the month following service.

  • Additional Charges Late submission of documents, including the AGAR (no later than31 May) Payment is required on invoice once the work is completed.

Related to May Payment

  • Delay Payments means the amounts payable by the Supplier to the Customer in respect of a delay in respect of a Milestone as specified in the Implementation Plan;

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Interim Payment has the meaning specified in Section 10.1.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Delta Payment means as it is described in this Agreement.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

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

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Gross-Up Payment shall have the meaning set forth in Section 6.2 hereof.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

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

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • 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.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.