OF PAYMENT definition

OF PAYMENT. All payments which are required to be made in cash under Paragraphs (a), (c) or (d), above, shall be paid on the Date of Termination, or within five (5) business days thereafter, unless the Employee has made a Deferred Payment Election with respect to such payment(s) pursuant to the succeeding Paragraph (h).
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OF PAYMENT. The Bonds shall be payable in pesos, legal tender, at the value of the Unidad de Fomento on the day of actual payment.
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OF PAYMENT. THE CORPORATION shall pay THE CONTRACTOR the costs stipulated in the Third Clause in the following manner 1.) The sum of THREE MILLION SIX HUNDRED SEVENTY EIGHT THOUSAND TWO HUNDRED XXXXX XXXX XXX 00/000 XXXXXX XXXXXX DOLLLARS (US$3,678,249.82) as advance payment, which is the equivalent of fifteen percent (15%) of the CIP value of the imported goods, (keeping in mind the value of the 20,000 subscribers for Yumbo), within the thirty days following the signing of this contract, once respective importation inspections have been approved (if applicable), payable by way of direct deposit to the order of SIEMENS AKTIENGESELLSCHAFT Depto XXX XX 73 in Munich Federal Republic of Germany. This same advanced payment percentage shall be kept in mind for the 10,000 remaining subscribers, which shall be paid within the thirty (30) days following the notification of order carried out by THE CORPORATION. 2.) Eighty five percent (85%) of the value of each CIP supply of the imported equipment, by means of dealer financing in accordance with the following
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Examples of OF PAYMENT in a sentence

  • THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO CERTAIN CERTIFICATES AS DESCRIBED IN THE AGREEMENT REFERRED TO HEREIN.

  • Date: Signature of Bidder: STATE OF CALIFORNIA - DEPARTMENT OF TRANSPORTATIONOPT OUT OF PAYMENT ADJUSTMENTS FOR PRICE INDEX FLUCTUATIONS DES-OE-01012.a (REV 8/2012) To opt out of payment adjustments for price index fluctuations as specified, complete this form.

  • List this subcontractor?YES NO Business Name Location City StateCalifornia Contractor License Number Public Works Contractor Registration Number Portion of Work SubcontractedItem % Description STATE OF CALIFORNIA - DEPARTMENT OF TRANSPORTATIONOPT OUT OF PAYMENT ADJUSTMENTS FOR PRICE INDEX FLUCTUATIONS DES-OE-01012.a (REV 8/2012) To opt out of payment adjustments for price index fluctuations as specified, complete this form.

  • THIS NOTE IS A NON-RECOURSE OBLIGATION OF THE ISSUER, AND IS LIMITED IN RIGHT OF PAYMENT TO AMOUNTS AVAILABLE FROM THE TRUST AS PROVIDED IN THE INDENTURE REFERRED TO BELOW.

  • TERMS OF PAYMENT: Payment of all bills must be received in full at the Company's designated office within fifteen (15) days of the billing date; provided however, the Company shall take into account any postal service delays of which the Company is advised.

  • SUBCLAUSE 60.11 – CURRENCY OF PAYMENT The Contract Price shall be designated in Kenyan Currency.

  • TERMS OF PAYMENT: Bills are due when rendered by the Company and become overdue when payment is not received by the Company on or before the due date specified on the bill.

  • FACILITY OF PAYMENT: If a beneficiary, in our opinion, cannot give a valid release (and no guardian has been appointed), we may pay the benefit to the person who has custody or is the main support of the beneficiary.

  • TERMS OF PAYMENT: Buyer will pay the fees specified in each invoice provided by Seller in United States Dollars within thirty (30) calendar days after the invoice date unless otherwise agreed to in writing by an authorized representative of Seller.

  • PLACEMENT OF ORDERS/METHODS OF PAYMENT: The Department shall use either State of Ohio Purchase Order or State of Ohio Payment Card (i.e. credit card) to authorize performance under this Contract and to issue payments for supplies, products, and/or services acquired.


More Definitions of OF PAYMENT

OF PAYMENT. THE CORPORATION shall pay THE CONTRACTOR the costs stipulated in the Third Clause in the following manner 1.) The sum of THREE MILLION TWO THOUSAND SIX HUNDRED NINETY TWO AND 09/100 UNITED STATES DOLLARS (US$3,002,692.09) as advance payment, which is the equivalent of fifteen percent (15%) of the CIP value of the imported goods, within the thirty days following the signing of this contract, once respective importation
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OF PAYMENT. The Issuer shall procure that the bank through which the payment to the Principal Paying and Transfer Agent required by Clause 4.1 is to be made shall confirm to the Principal Paying and Transfer Agent by no later than 2.00 p.m. (local time in the city of the Principal Paying and Transfer Agent’s specified office) two Business Days before the due date for any such payment that irrevocable instructions have been issued by it or on its behalf for such payment to be made to the Principal Paying and Transfer Agent.
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Related to OF PAYMENT

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

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, confirmation of wire or ACH transfer, and any other information required to demonstrate that payment has been made according to the EPA requirements, in the amount due, and identified with the Respondent’s name and Docket No. FIFRA-04-2021-0714(b).

  • 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.

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

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

  • 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.

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

  • 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 the Securities of that series are payable as specified as contemplated by Section 301.

  • 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)

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • 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;

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

  • 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.

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

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

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Payment Bond is one executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the contract.

  • REIT Payment has the meaning set forth in Section 15.12 hereof.

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • 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.

  • 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.

  • 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 Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • 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.

  • 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 –

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