Payment Adjustments definition

Payment Adjustments. Chase shall pay to Taconic its 12.5 % and 6.25% amount plus the 50% + 75% amount otherwise payable to Insync and the 6.25% + 3.125% amounts to Internet Solutions and Salvani Investments until such ▇▇▇▇ ▇▇ the amount drawn has been repaid in full to Taconic with interest thereon, as provided herein. The terms of the Transfer Agreement shall provide that Taconic may notify the Chase of the occurrence of a Drawing Event and upon receipt of such notification, the Payment Adjustments shall be made until the amount drawn has been repaid in full with interest thereon, as provided herein. In order to facilitate the transfer of funds from the Chase Account each of the parties hereto shall have established prior to closing an account at the Chase to receive the distributions from the Chase Account.
View Source
Payment Adjustments means the net amount of all charge backs, take backs, and negative and positive adjustments on the Pre-Closing Receivables or Transferor Cross-Over Receivables.
View Source
Payment Adjustments has the meaning given in Section 14.5.
View Source

Examples of Payment Adjustments in a sentence

  • Payments between the parties and any adjustments to Service Payments in respect of Supervening Events will be made in accordance with Section 10 (Lump Sum Payments and Service Payment Adjustments).

  • Nothing in this Section shall operate to relieve the Contractor against any Payment Adjustments arising prior to the replacement of the O&M Subcontractor.

  • The Province will review the Contractor’s submitted Payment Calculation and may conduct its own audit or assessment to determine the appropriate Payment Adjustments to be applied.

  • The Province acknowledges that where it becomes necessary for the Contractor to replace the subcontractor performing the O&M (the “O&M Subcontractor”), a replacement O&M Subcontractor can most efficiently be procured only if the consequences of future Payment Adjustments are “reset” to zero.

  • In the event of any inconsistency between the criteria for and descriptions of the Payment Adjustments set out in Schedule 18 and the summaries of such criteria and such descriptions included in Schedule 15, the more detailed provisions of Schedule 18 shall govern.

  • The Contractor shall provide not later than five Business Days prior to the end of the month, as part of its Payment Calculation, a report detailing the Payment Adjustments and other adjustments to be made to the Payment relating to the previous month.

  • The Province will review the Contractor’s Payment Calculation including the Contractor’s reporting of Payment Adjustments and other adjustments and, if necessary, make modifications to those reported adjustments.

  • Examples of such modifications include, but are not limited to, applying Payment Adjustments that were omitted or incorrectly calculated in the Payment Calculation.

  • Following the Contractor’s submission of the monthly Payment Calculation, the Contractor shall report to the Province all occurrences giving rise to Payment Adjustments for such month, in its next month’s Payment Calculation.

  • In its monthly Payment Calculation, the Contractor shall complete Category “A”, reporting all expected Capital Payments and O&M Payments for that month from Appendix 1 of this Schedule, and Category “B”, reporting all of the Payment Adjustments relating to the previous month to be applied to that month’s Payment.

Related to Payment Adjustments

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to (A) the Closing Net Working Capital as finally determined pursuant to this Section 2.5 minus the Estimated Net Working Capital, plus (B) Estimated Indebtedness minus Closing Indebtedness as finally determined pursuant to this Section 2.5, plus (C) Closing Cash as finally determined pursuant to this Section 2.5 minus Estimated Cash, plus (D) Estimated Transaction Expenses minus Closing Transaction Expenses as finally determined pursuant to this Section 2.5;