Netting of Payments definition

Netting of Payments. Sub-paragraph (ii) of Section 2(c) will not apply.
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Netting of Payments. Either party may notify the other in writing, not less than one Local Business Day in advance of one or more Scheduled Payment Dates, that with regard to payments due on that date, Multiple Transaction Payment Netting will apply; provided that no such notice shall be required with respect to any Transaction if the related Confirmation expressly provides that Multiple Transaction Payment Netting will apply. Except to the extent that such advance written notice shall have been given or as is specified in a related Confirmation, subparagraph Multiple Transaction Payment Netting will not apply for purposes of Section 2(c) of this Agreement.
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Netting of Payments. Sub-paragraph (ii) of Section 2(c) of this Agreement will apply.
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Examples of Netting of Payments in a sentence

  • Raintree Drive, Suite 230Scottsdale, AZ 85260Tel: 480-351-8193Email: bryan@zonedproperties.comAttn: Bryan McLaren Netting of Payments.

  • Netting of Payments under Certificate Swap Notwithstanding anything to the contrary in this Confirmation, if for any Calculation Period, Floating Amount I is greater then Floating Amount II, than DBAG’s netted payment under this Confirmation shall be the greater of (i) zero and (ii) (a) (Floating Amount I minus Floating Amount II) minus (b) the Class I-A-1 Amount (as defined in the Pooling and Servicing Agreement).

  • For the avoidance of doubt, Clause 22 does not apply in respect of sums due from the Borrower to the Swap Bank under or in connection with the Master Agreement as to which sums the provisions of Sections 2(d) (Deduction or Withholding for Tax), 2(c) (Netting of Payments) and 6(e) (Payments on Early Termination) of the Master Agreement shall apply.

  • Risk ID: 1337451L, 1337453L / Global Deal ID: 2721841 / Effort ID: N1107687 8 Netting of Payments.

  • For the purpose of Section 2(c) (Netting of Payments) of this Agreement, “Multiple Transaction Payment Netting” will [not] apply [to [all Transactions][the following Transactions or groups of Transactions: [ ● ] (in each case starting from [the date of this Agreement][ ● ])]].

  • Set-off and Netting of Payments .................................


More Definitions of Netting of Payments

Netting of Payments. Either party may notify the other in writing, not less than one Local Business Day in advance of a Scheduled Payment Date, that with regard to payments due on that date, subparagraph (ii) of Section 2(c) of this Agreement will not apply. Except to the extent that such advance written notice shall have been given, subparagraph (ii) of Section 2(c) will apply.
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Netting of Payments. Subparagraph (ii) of Section 2(c) of this Agreement will apply to any Transaction.
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Netting of Payments. Sub-paragraph (ii) of Section 2(c) will apply.
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Netting of Payments. Notwithstanding Section 2(c) of the Agreement, if on any Payment Date, but for this provision, a net payment would be payable by Party B, such payment shall be made on the Period End Date immediately following such Payment Date. If on a Payment Date a net payment would be payable by Party A, such payment shall be made on the Payment Date.
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Netting of Payments. Section 2(c)(ii) of the Agreement shall apply to payments made with respect to this Transaction.
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Netting of Payments. Either party may notify the other in writing, not less than one Local Business Day in advance of one or more Scheduled Settlement Dates, that with regard to payments due on that date, Multiple Transaction Payment Netting will apply; provided that no such notice shall be required with respect to any Transaction if the related Confirmation expressly provides that Multiple Transaction Payment Netting will apply. Except to the extent that such advance written notice shall have been given or as is specified in a related Confirmation, Multiple Transaction Payment Netting will not apply for purposes of Section 2(c) of this Agreement. The starting date for the election commences upon entering the first Transaction under the Agreement with respect to either of the above groups of Transactions. Part 5
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Related to Netting of Payments

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

  • 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.

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

  • 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.

  • 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.

  • 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;

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

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

  • Termination Payments has the meaning specified in Section 10(a).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • 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.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • 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.

  • 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.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Base Rate of Pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following:

  • Note Payment Sequence means the application of Interest Proceeds in accordance with the Interest Proceeds Priority of Payments or the application of Principal Proceeds in accordance with the Principal Proceeds Priority of Payments, as applicable, in the following order:

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • payment service means any business activity set out in Annex I;