Payment in Advance definition

Payment in Advance means procuring agency, on the request of service provider, shall make an advance payment at the closure of the financial year.
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Payment in Advance. Unless Group has established credit in advance with the Hotel, by completing Hotel’s direct bill application and receiving approval from Hotel’s accounting office, the entire Total Revenues owed pursuant to the Agreement must be paid ten (10) days prior to the earlier of (y) the Event Date or (z) the Arrival Date by credit card, cash or certified check. Hotel accepts American Express, Discover Card, JCB International, Master Card and Visa. Group acknowledges and agrees that a credit card must be provided upon execution of this Agreement until direct billing has been established. If credit has not been approved by Hotel for Group’s Event, the credit card provided to Hotel at the time the Agreement is executed will be charged the Total Revenues charges seventy-two (72) hours prior to the Event. DEPOSIT SCHEDULE: The deposits and payments outlined in the table below (the “Deposit”) are due as indicated. DEPOSIT SCHEDULE Deposits Due Date Amount Initial Deposit January 16, 2023 $1,000.00 2nd Deposit March 13, 2023 $3,000.00 3rd Deposit June 5, 2022 $3,000.00 Estimated Final Balance June 19, 2023 Estimated Final Balance Hotel will credit the Deposit against the Group’s Master Account. Hotel will return any unused portion of the Deposit to Group no later than thirty (30) days after (Y) the Event or (Z) application of any Cancellation Fee, as applicable. If any Deposit is not made when due, the Hotel may, at its option, deem the Event to be canceled, in which case the Cancellation Fee will apply as noted above, and the Hotel will retain any Deposit on hand and apply them to the Cancellation Fee Group Owes. Interest will accrue on any unpaid balance and/or Deposit paid late at a rate equal to the lesser of (y) 1.5% per month or 18% per annum or
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Payment in Advance. We require that you pay an initial deposit of $3,531.00 of the Total Minimum Anticipated Revenue indicated on the first page of this Agreement at the time of signing this Agreement. You agree to pay the entire remaining Total Minimum Anticipated Revenue in cash or by certified check at least ten days prior to your Event or by personal bank check no later than two weeks prior to your Event. If you prefer, all charges can be paid by credit card. Hilton accepts American Express, Diners Club, Discover Card, JCB International, Master Card or Visa. If credit has not been approved for your Event, you will provide us with the credit card to which all estimated master account charges will be charged no later than June 1st, 2013 If credit has been approved, you will provide us with your credit card information at the time of your Event. If payment of all undisputed charges is not received within thirty (30) days after your receipt of the final invoice, a finance charge of 1.5% per month, or the maximum amount allowed by law, whichever is less, will accrue on the unpaid, undisputed amount, commencing on the date of receipt of the final invoice.
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Examples of Payment in Advance in a sentence

  • Payment in Advance and Refund of Pre-Paid Fees LPL deducts the Account Fee quarterly in advance.

  • Payment in Advance All payments for the use of school facilities must be received at the office of the superintendent at least 72 hours in advance of the meeting time.

  • Payment in Advance 3.6.20 If payment in advance is required, the official ordering process as outlined in ‘placing orders’ above must be followed.

  • Liability for Payment in Advance of Receipt of Securities Purchased .

  • Source Code S, R, or E; Cash Sale from Stock with Payment in Advance, based on Arms Export Control Act (AECA) Section 21(b).

  • Liability for Payment in Advance of Receipt of Securities Purchased.................................................9 J.

  • The accepted payment options are: a) Full Payment in Advance: Cash in advance with a discount of 2% of the total value.

  • Liability for Payment in Advance of............................16-17 Receipt of Securities Purchased J.

  • Washington,D.C. 2003.In the case of Tanzania reasonable progress has been made to redefine aid relationships and partnerships.

  • Reasonable Notice 75 Rule 7041-1 - Dismissal of Adversary Proceedings 75Rule 7054-1 - Costs 76(A) Taxation Generally 76(B) Payment in Advance 76(C) RESERVED 76(D) Bonds and Security for Costs 76(E) Clerk to Tax 76Rule 7055-1 -Entry of Default and Entry of Judgment by Default 77(A) Entering a Default by the Clerk.


More Definitions of Payment in Advance

Payment in Advance. Despite the foreseen in clauses SECOND AND THIRD of this contract, THE BORROWER can pay in advance the whole or part of the amount of money received as INTEREST BEARING LOAN and the conventional interests resulting from the application of the interest rate mentioned in Clause THIRD of this contract and caused until the date of the payment in advanced, at any moment of this contract effect, and for any other amount, without any penalty whatsoever, notifying THE BANK in written with at least TWO (2) BANK WORKING DAYS in advance in Caracas, Bolivarian Republic of Venezuela. In that case, it is understood that THE BANK will allocate the amount paid in advance, first to the interest caused and secondly to the remnant owed capital. Additionally, in this case, THE BORROWER AND THE BANK agree that the amount of the INSTALMENT TO AMORTIZE THE OWED CAPITAL and the conventional interests under this contract will be modified in mutual agreement to reflect the effect of said payment in advance. FIFTH: DEBT AUTHORIZATION OR CHARGE TO ACCOUNT OR DEPOSIT: THE BORROWER EXPRESSLY AND IRREVOCABLY AUTHORIZES THE BANK TO DEBIT OR CHARGE ANY ACCOUNT OR DEPOSIT IT MAINTAINS JOINTLY OR INDISTINCTLY WITH NATURAL OR JURIDICAL PERSONS IN THE BANK, ALL MATURED AMOUNTS OF MONEY TO BE DEBITED IN
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Related to Payment in Advance

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Outstanding Amount means the aggregate principal amount of all Notes, or Class of Notes, as applicable, Outstanding at the date of determination.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Term Advance has the meaning specified in Section 2.01(a).

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Unapplied Downgrade Advance means any Downgrade Advance other than an Applied Downgrade Advance.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Subordinate Prepayment Percentage As to any Distribution Date and Loan Group, 100% minus the Senior Prepayment Percentage for such Loan Group for such Distribution Date.

  • Eligible advance means an advance made before August 19, 1993.