Related to Payment Expectation

Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.
Payment Amount has the meaning specified in Section 6.1.
Payment Item each check, draft or other item of payment payable to a Borrower, including those constituting proceeds of any Collateral.
Agreement Payment means a Payment paid or payable pursuant to this Agreement.
Processing fee for payment of rent with bad check means the processing fee specified in the rental

Payment Expectation definition