Payment Obligation definition

Payment Obligation means the Principal Amount of the District Note and, if the District Note is a Defaulted Note interest thereon at the Default Rate, until such amounts are paid in full.

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Payment Obligation means the obligation of the Broker-Dealer to repay cash loaned to it pursuant to this Subordinated Loan Agreement. The provisions of this Agreement shall be binding upon the Broker-Dealer and the Lender, and their respective heirs, executors, administrators, successors, and assigns. Any controversy arising out of or relating to this Agreement may be submitted to and settled by arbitration pursuant to the By-Laws and rules of the NASD. The Broker- Dealer and the Lender shall be conclusively bound by such arbitration. This instrument embodies the entire agreement between the Broker-Dealer and the Lender and no other evidence of such agreement has been or will be executed without prior written consent of the NASD. This Agreement shall be deemed to have been made under, and shall be governed by, the laws of the State of California in all respects.

Payment Obligation means an indebtedness that is owed by one system participant to another system participant as a result of the clearing of one or more payment instructions in a payment system;

Examples of Payment Obligation in a sentence

• Any Claims (other than the Delivered Gas Payment Obligation or a failure to perform the same) arising or existing in connection with or related to the Upstream Supply Contract, whether related to performance by the Upstream Supplier, Participant or ▇.

• Notwithstanding the foregoing, the total amount to be paid to Contractor under the terms of this Agreement shall in no case exceed the sum noted in Section 2.2 (Maximum Payment Obligation) of this Agreement.

• The Fees for each Payment Obligation Quarter shall be payable within 30 days of the invoice due date in accordance with the table in Schedule A.

• Each party’s aggregate liability in respect of any and all claims will be limited to the amount of Fees paid by You to AMS in the most current Payment Obligation Quarter.

• You shall pay Fees to AMS in respect of each Payment Obligation Quarter (as noted in Schedule A) for which You are obligated on the invoice due date.

More Definitions of Payment Obligation

Payment Obligation when used with respect to Senior Indebtedness, means an obligation stated in an agreement, instrument or lease to pay money (whether for principal, premium, interest, sinking fund, periodic rent, stipulated value, termination value, liquidated damages or otherwise), but excluding an obligation to pay money in respect of fees of, or as payment or reimbursement for expenses incurred by or on behalf of, or as indemnity for losses, damages, taxes or other indemnity claims of any kind owed to, any holder of Senior Indebtedness or other party to such agreement, instrument or lease.]

Payment Obligation means an indebtedness that is owned by one system participant to another system participant as a result of clearing or settlement of one or more payment instructions relating to funds, securities or foreign exchange or derivatives or other transactions;

Payment Obligation has the meaning give such term in Section 2.23.

Payment Obligation has the meaning given to it in Clause 1.16; [***]

Payment Obligation means an indebtedness that is owed by one settling participant to another as a result of the clearing of one or more payment instruction(s);

Payment Obligation means all monies payable by the applicant under the contract and the terms and conditions.

Payment Obligation means any form of indebtedness that is owed by one financial institution to another as a result of the clearing of one or more payment instructions;