Examples of Payment Notice in a sentence
If the Developer causes such immediately available funds and notice to be timely received by the City, then the City shall have until one (1) business day following the City's confirmation of its receipt of such immediately available funds to provide the Bank with a Prior Payment Notice for such payment.
The Owner shall be liable for payments of a claim asserted under a Stop Payment Notice filed against the Project proceeds for a Trade Contract only to the extent of undisbursed proceeds for that Trade Contract at the time that a Stop Payment Notice is filed with the Owner.
Upon receipt by the WIFIA Lender of the Early Interest Payment Notice, the WIFIA Lender shall promptly modify the Loan Amortization Schedule in accordance with Section 8(d) (Payment of Principal and Interest – Adjustments to Loan Amortization Schedule) of the WIFIA Master Agreement to reflect such revised payments.
The Letter of Credit will provide that the Bank will pay to the City the amount stated in a draft on the date that is eleven (11) business days after the City's presentment to the Bank of such draft unless the Bank receives notice from the City (a "Prior Payment Notice") that the City has previously received from Developer an amount equal to the amount stated in such draft.