Payment Requisition definition

Payment Requisition means a properly executed requisition for the withdrawal and transfer of funds in the Offshore Retention Account, in the form of Schedule A to the Trust and Retention Agreement.
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Payment Requisition means a properly completed written request to the City requesting a disbursement of the Funding to reimburse
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Examples of Payment Requisition in a sentence

  • The CONSTRUCTION MANAGER shall submit a Compliance Report with each Professional Services Contract Payment Requisition submitted to the OWNER.

  • At such time, the CONSULTANT’S compensation shall, at the OWNER’S option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by the OWNER and expenses actually incurred from the date of the last approved Professional Services Contract Payment Requisition up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein.

  • At such time, the Professional’s compensation shall, at the Owner's option, be calculated (i) subject to the last sentence of this Subparagraph, on the basis of services actually performed and approved by the Owner and expenses actually incurred from the date of the last approved Professional Services Contract Payment Requisition up to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein.

  • The Depositary will conclusively rely on a notice from the Collateral Agent or a holder of a Note, notwithstanding any notice, direction, Payment Requisition or certificate to the contrary received from the Issuer.

  • Such instructions may include the giving of stop payment orders for any payments requested pursuant to a Payment Requisition.

  • The Depositary may conclusively rely on the accuracy of the information in each Payment Requisition delivered by the Issuer hereunder and will act in accordance therewith, unless prior to the date funds are withdrawn from any Pledged Account the Collateral Agent or any holder delivers a written notice to the Depositary (with a copy to the Issuer) that the amount requested to be withdrawn from any Pledged Account is incorrect or that the Issuer has failed to include any amount required to be withdrawn.

  • The CONSULTANT shall submit a completed Compliance Report with each Professional Services Contract Payment Requisition submitted to the OWNER for each work authorization payment regardless of dollar value.

  • If the Issuer fails to timely deliver any required Payment Requisition, the Collateral Agent (at the direction of the Required Holders) may direct the Depositary, in writing, to make withdrawals or apply funds in the manner contemplated by this Article 4.

  • Warranty shall be effective for one year after the date of JRWSS’ final payment.

  • Participant shall perform all activities funded by this Agreement in accordance with: (i) the Certification Regarding Lobbying attached hereto as Exhibit 1; (ii) the Statement of Work (“SOW”) attached hereto as Exhibit 2; (iii) the Approved Budget and Budget Spreadsheet, attached hereto as Exhibits 3 and 3A; and (iv) the Payment Requisition & Certification Form attached hereto as Exhibit 4.

Related to Payment Requisition

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • Payment request means any request for contract financing payment or invoice payment by the Contractor. To constitute a proper invoice, the payment request must comply with the requirements identified in the applicable Prompt Payment clause included in the contract, or the clause 52.212-4 Contract Terms and Conditions - Commercial Items included in commercial item contracts. The IPP website address is: https://www.ipp.gov.

  • Periodic Payment Requirement for any Calculation Period means the total dollar amount of Securitization Charge Collections reasonably calculated by the Servicer in accordance with Section 4.01 of the Servicing Agreement as necessary to be received during such Calculation Period (after giving effect to the allocation and distribution of amounts on deposit in the Excess Funds Subaccount at the time of calculation and that are projected to be available for payments on the Securitization Bonds at the end of such Calculation Period and including any shortfalls in Periodic Payment Requirements for any prior Calculation Period) in order to ensure that, as of the last Payment Date occurring in such Calculation Period, (a) all accrued and unpaid interest on the Securitization Bonds then due shall have been paid in full on a timely basis, (b) the Outstanding Amount of the Securitization Bonds is equal to the Projected Unpaid Balance on each Payment Date during such Calculation Period, (c) the balance on deposit in the Capital Subaccount equals the Required Capital Level and (d) all other fees and expenses due and owing and required or allowed to be paid under Section 8.02 of the Indenture as of such date shall have been paid in full; provided, that, with respect to any Annual True-Up Adjustment or Interim True-Up Adjustment occurring after the date that is one year prior to the last Scheduled Final Payment Date for the Securitization Bonds, the Periodic Payment Requirements shall be calculated to ensure that sufficient Securitization Charges will be collected to retire the Securitization Bonds in full as of the next Payment Date.

  • Assessment revenues means the money collected by a regional marketing organization from the assessment, including any interest and penalties on the assessment, imposed under this act.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.