Member Payment definition

Member Payment means, collectively, the Service Payment and the Operating Payment due in any year, except to the extent such amounts are rebated to a Member due to abatement of such Member’s obligations as provided in the Operating Agreement.
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Member Payment means the payment to Eligible Members pursuant to paragraphs 8.12 to 8.21.
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Member Payment means a distribution of Capital required to be made to an Eligible Member pursuant to sections 5.2 or 5.3 of this Trust Deed;
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Examples of Member Payment in a sentence

  • Member Payment Terms: Payment for Product is expected Net 30 Days according to the terms of the agreement, and payment for labor is due upon installation completion.

  • The Parties agree the foregoing allocation formula is exclusively for purposes of computing, in a reasonable and efficient fashion, the amount of any Settlement Class Member Payment each Settlement Class Member should receive from the Net Settlement Fund.

  • If by the deadline for Defendant to apply credits of Settlement Class Member Payments to accounts Defendant is unable to complete certain credit(s), Defendant shall deliver the total amount of such unsuccessful Settlement Class Member Payment credits to the Settlement Administrator to be paid by check in accordance with subsection 2 below.

  • Class Members who are Current Account Holders at the time of the distribution of the Settlement Fund, a credit in the amount of the Settlement Class Member Payment they are entitled to receive shall be applied to any account they are maintaining individually at the time of the credit.

  • You will not receive a Settlement Class Member Payment if you do nothing.

  • Payment is due on the first day of each month thereafter, and will be charged automatically to the Member Payment Method until Service Termination (see Automatic Service Renewal section above).

  • After 240 calendar days from the Effective Date, any excess funds remaining from the Settlement Amount that have not been distributed in accordance with other provisions of this Settlement Agreement shall, if economically feasible, be distributed to the Settlement Class Members who successfully cashed checks or received their Settlement Class Member Payment as a credit.

  • Investors may commit funds to purchase, in various amounts, Member Payment Dependent Notes (“MPDNs”) that LendingClub may issue to Investors who commit funds for your loan request.

  • Within one year after the date the Settlement Administrator mails the first Settlement Class Member Payment, any remaining amounts resulting from uncashed checks shall be distributed to an appropriate cy pres recipient agreed to by the Parties and approved by the Court.

  • Member Payment Time Period for Purchase of Prior Plan Credited Service (Select all that apply) Member payment must be made in whole within ( ) days of payment notification amount by the Municipality Member may elect to make the required payment by payroll deduction for a period not to exceed ( ) years (maximum five (5) years).