Payment Letter definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Payment Letter means a letter included with the check sent to each Eligible Consumer who properly returned to the Claims Administrator a Timely Submitted Claim Form, a template of which is attached hereto as Exhibit 3, and which should inform the Eligible Consumer recipient that they have 180 days within which to cash the pertinent check.

Payment Letter has the meaning set forth in Section 2.3(a)(i).

Examples of Payment Letter in a sentence

The Conditions comprising the Conditions of the Client/Consultant Model Services Agreement (General Conditions and Particular Conditions) together with Appendix A (Scope of Services), Appendix B (Personnel, Equipment, Facilities and Services of Others to be provided by the Client), Appendix C (Remuneration and Payment), Letter of Acceptance and Formal Agreement if completed, or otherwise as specified in the Particular Conditions.
The Allocated Deposit shall be released from the Escrow Funds in accordance with Clause 4.3 and paid to the Sellers for the relevant Vessel, and the Buyers and Sellers shall jointly instruct the Escrow Bank to release this amount by sending the Escrow Payment Letter simultaneously with the release of the payment of the remainder of the Allocated Purchase Price by the Buyers.
Our review and observations were performed in accordance with the Matching Order DE-MO01-09CF02002 and the Sponsor Payment Letter dated February 23, 2009 and with generally accepted engineering practice and in accordance with the standards of care practiced by independent and consulting engineers performing similar tasks on like projects.
The Original Agreement and the ESA Payment Letter constituted the complete and exclusive statement of the agreement between the Parties with respect to the subject matter of the Original Agreement as of February 13, 2007, and superseded any and all other prior or contemporaneous oral or written communications, proposals, representations, and agreements, express or implied.
Such fees shall be paid by the Operating Borrower to the Issuing Lender in advance of or upon the issue of the applicable Contingent Payment Letter, in Canadian Dollars if the Face Amount of the Contingent Payment Letter is in Canadian Dollars and in US Dollars if the Face Amount of the Contingent Payment Letter is in US Dollars.

More Definitions of Payment Letter

Payment Letter means the letter agreement entitled “payment letter”, dated as of the date hereof, among the Administrative Agent, the Lenders, Parent and the Borrower, as it may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

Payment Letter means that certain Payment Letter among certain of the Parties hereto dated as of the date hereof.”

Payment Letter a letter in the form of Exhibit E.

Payment Letter shall have the meaning set forth in Section 4.1(d).

Payment Letter means a letter substantially in the form of Schedule J which will be sent to each Settlement Class Claimant when the Cash Credits and Transaction Credits are distributed in accordance with this Agreement;

Payment Letter has the meaning ascribed to such term in the Commitment Letter. “Permitted Transferee” means each transferee of any Company Claims/Interests that meets the requirements of Section 8.01 of this Agreement.

Payment Letter means the amended and restated payment letter between the Borrower and the Agent, on behalf of the Original Lenders, dated as of October 30, 2018, as amended, modified, restated or supplemented from time to time. “ PB Plan ” means the Performance Bonus Plan under which employees and sales representatives are awarded securities of the Borrower as bonuses, as amended or replaced from time to time. “ Pending Event of Default ” means an event which, but for the requirement for the giving of notice, lapse of time, or both, or but for the satisfaction of any other condition subsequent to such event, would constitute an “Event of Default”. “ Permitted Asset Dispositions ” means Dispositions by an Obligor of: (a) tangible personal property in the normal course of its Business for fair market value and on customary trade terms; (b) any Property pursuant to a Designated Disposition; (c) tangible personal property other than pursuant to clauses (a), (b) or (d) hereof where the value of all such Property Disposed in any Fiscal Year pursuant to this clause (c) does not exceed in the aggregate [Dollar Amount Redacted] ; (d) tangible or intangible personal property to any other Obligor; (e) Billed Accounts Receivable and Sold Unbilled Accounts Receivable under the Customer Contracts to LDCs in accordance with the LDC Agreements; (f) all of the shares or equity interests in, or all or substantially all of the Property of, EdgePower Inc. (collectively, the “ EdgePower Property ”) so long as the following conditions are satisfied: (i) no Pending Event of Default or Event of Default has occurred and is continuing at the time of such Disposition or will arise as a result of the implementation of any of the transactions contemplated by such Disposition; (ii) the Borrower and the Restricted Subsidiaries shall have received all necessary consents and approvals of any Governmental Authorities and other third parties (including the Priority Suppliers (as defined in the Senior Credit Agreement)) required for the Borrower and the Restricted Subsidiaries to consummate such Disposition and release of the Security over the shares, equity interests and Property of EdgePower Inc.; and (iii) such Disposition will be on Arm’s Length terms, or (g) intangible personal property, other than pursuant to clauses (d) and (e) hereof, in the normal course of its business for fair market value where the value of all such intangible property disposed in any Fiscal Year by all Obligors does not exceed...