Payment Deduction definition

Payment Deduction means a deduction, if any, attributable to (x) a payment to a Change Shareholder pursuant to this Agreement (or any loss carryover (or portion thereof) attributable to any such deductions) or (y) Imputed Interest.
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Examples of Payment Deduction in a sentence

  • Failure to correct the deficiency within the time specified shall result in the deduction of payment as provided on the Payment Deduction Schedule below.

  • Such report shall state (i) for each instance in the applicable calendar month in which a payment due under Section 7 was not timely made, the amount of the delinquent payment, the number of calendar days or partial calendar days from the date the payment was due under Section 7 until the date the payment was made to Developer (or until the end of the calendar month if not yet paid) and (ii) TxDOT’s calculation of the Delinquent Payment Deduction, if any, for that calendar month.

  • These activities, partial payments and time limits are shown on the Payment Deduction Schedule.

  • The Delinquent Payment Deduction shall be payable as a monthly adjustment in accordance with Section 6(i).

  • It is intended to qualify as a real estate investment trust under Sections 856, et seq., of the Internal Revenue Code of 1986, as amended (the "Code").

  • Without limiting the foregoing, Developer and the Independent Engineer may exercise such audit and inspection rights to determine the accuracy of the reports provided by TxDOT pursuant to Section 14(d) and (e) and any Delinquent Payment Deduction, Non-Compliance Deduction or Non- Compliance Points stated therein or made or calculated pursuant thereto.

  • An additional amount equal to the percentage incomplete times the value for each item from the Payment Deduction Schedule will also be deducted and forfeited from payments to the Contractor.

  • Without limiting the foregoing, Developer and the Independent Engineer may exercise such audit and inspection rights to determine the accuracy of the reports provided by TxDOT pursuant to Section 14(d) and (e) and any Delinquent Payment Deduction, Non-Compliance Deduction or Non-Compliance Points stated therein or made or calculated pursuant thereto.

  • The Operational Maintenance Payment (“OMP”) for any Month (m) in Calendar Year (y) after the Substantial Completion Date shall be calculated using the following formula: OMPm,y = MaxOMPm,y - MPDm-1 Where: OMPm,y = 0, if MPDm-1 ≥ MaxOMPm,y MPDm-1 = the Monthly Payment Deduction for Month (m-1) calculated in accordance with Section 2.2 (Payment Deductions after Substantial Completion) of this Exhibit 8 (Payment Mechanism).

  • An additional amount equal to the percentage incomplete times the value for each item from the Payment Deduction Schedule will also be deducted and forfeited from County of Orange OC Community Resources, OC Parks payments to the Contractor.

Related to Payment Deduction

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Payment Amount has the meaning specified in Section 6.1.

  • Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.

  • PRE-PAYMENT The Tenant shall: (check one)