Nature of payment definition

Nature of payment. The amount payable by Tower under clause 10.3 is intended to be an amount to compensate Fairfax for:
Sample 1

Examples of Nature of payment in a sentence

  • Please specify relevant article of DTAA (Nature of payment asper DTAA) iv.

  • Name of the Promoter: Mr. Atul RanchalName of the Promoter: Mr. Rajesh Mahajan Date on which the equity shares were allotted / acquired and made fully paidup or transferred Nature of allotment Number of Equity shares Nature of payment of consideration Face value Rs. Issue Price Rs.% of Pre- issue Capital % of Post-issue Capital January 23, 2002Subscription to the Memorandumof Association 1,500 *Bonus issue made from the capitalization of the Profit & Loss account of our Company.

  • Details are as follows: Company name Amount AgingRatio of total receivables(%) Nature of payment Zhongtai Securities Co., Ltd.

  • ROs shall be paid the following amount for managing the Savings Bond Scheme as per the schedule of charges/periodicity given below: Nature of payment * 90% of the brokerage due to ROs, on the basis of funds remitted/reported to CAS as at the close of business of the month, will be paid on the 3rd working day of the succeeding month.

  • Nature of payment 4.3 At the House Committee meeting on 17 October 2014, some Members considered that the UGL payments to Mr LEUNG were "illicit kickbacks", in return for his support of UGL's acquisition of DTZ.

  • Schedule of TDS deducted by the company with details (Date of booking expense, Party name, Nature of payment, Expense ledger in which amount booked, gross amount, TDS deducted, date of deposit of TDS, challan number.

  • Following points in this regard are worth noting: Nature of payment: Secondary adjustment is triggered once the taxpayer accepts the fact that the transaction undertaken by it has been carried out at a price different from ALP for such transaction, whether as a suo-moto adjustment, or acceptance of AO/ITAT order or under APA, MAP or SHR.

  • Name of Promoter Date of allotment Nature of transaction Nature of payment Number of Equity SharesPrice per Equity Share (Rs.) Lock- in period% of pre and post-Offer paid up capital Mr. M.

  • Nature of payment Nature of payment *1 On Receipt of materials for CIF Component / despatch of materials for Ex- Works Component, Contractor shall become eligible for 70% payment including 10% initial advance already made *2 The Contractor shall provide at its own cost, necessary labor, tools & tackles and all other assistance as may be necessary for opening the cases for necessary verification by the Purchaser and repacking the same.

  • The findings are numbered consistently with the numbers assigned in the 2020 Schedule of Findings.

Related to Nature of payment

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Schedule of Payments means the schedule of payments disclosed on a Contract.

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Place of Payment when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on, or any Additional Amounts with respect to, the Securities of that series are payable as specified as contemplated by Section 3.1 and 10.2.

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • Priority of Payments The meaning specified in Section 11.1(a).

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

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Guarantor of Payment means each of the Companies set forth on Schedule 2 hereto, that are each executing and delivering a Guaranty of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Closing Date.

  • Regular rate of pay means the rate of pay the employee was receiving at the time maternity leave commenced, but does not include retroactive adjustment of rate of pay, acting pay, overtime, shift premium or any other form of supplementary compensation.

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, and shall include employee contributions picked up after August 1, 1982, pursuant to KRS 78.610(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, one thousand nine hundred fifty (1,950) hours for seven and one-half (7.5) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • hourly rate of pay means a full-time employee’s weekly rate of pay divided by thirty-seven decimal five (37.5); (taux de rémunération horaire)

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Base Rate of Pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.

  • Annual Rate of Pay means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.

  • Payment Currency has the meaning given in Clause 21.4;

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, confirmation of wire or automated clearinghouse transfer, and any other information required to demonstrate that payment has been made according to EPA requirements, in the amount due, and identified with the Facility name and Docket No. TSCA-04-2023-3006(b).

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • Ordinary rate of pay in Clause 17. - Annual Leave means the average rate the employee received for the four weeks preceding the taking of annual leave or the average rate received for the 12 months preceding such leave, whichever shall be the higher, provided that such average shall be computed taking into consideration any extra rates prescribed for night work, etc., and penalty rates for Sunday work where such work is part of the employee's normal working week of five days but excluding any amounts received by way of overtime or holiday penalty rates.

  • daily rate of pay means an employee's weekly rate of pay divided by five (5);

  • 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.

  • Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;

  • mandatory sinking fund payment has the meaning specified in Section 12.1.

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Sinking Fund Payment means, with respect to a particular Series, as of any particular date of calculation, the amount required to be paid in all events by the Corporation on a single future date for the retirement of Outstanding Bonds which mature after said future date, but does not include any amount payable by the Corporation by reason of the maturity of a Bond or by call for redemption at the election of the Corporation.