Payment Sub-Account definition

Payment Sub-Account means a portion of a Participant’s Account established by the Plan Committee to facilitate the administration of distributions under the Plan.

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Payment Sub-Account means a portion of a Participant’s Account established by the Plan Committee to facilitate the administration of distributions under the Plan, including without limitation Payment Sub-Accounts representing each separate set of Class Year Deferrals.

Payment Sub-Account means a portion of a Participant’s Account established by the Plan Committee to facilitate the administration of distributions under the Plan, including without limitation Payment Sub-Accounts representing (i) each separate set of Class Year Deferrals and (ii) each separate set of deferrals related to Plan Years before January 1, 2006.

Examples of Payment Sub-Account in a sentence

• Borrowers shall be deemed to have timely made the Required Debt Service Payment pursuant to Section 2.8 regardless of the time Lender makes such transfer as long as sufficient funds are on deposit in the Debt Service Payment Sub-Account at 12:00 noon, New York City time on the applicable Payment Date.

• At or before 12:00 noon, New York City time, on each Payment Date during the term of the Loan, Lender shall transfer to Lender’s own account from the Debt Service Payment Sub-Account an amount equal to the Required Debt Service Payment for the applicable Payment Date.

• At or before 12:00 noon, New York City time, on each Payment Date during the term of the Loan, Lender shall transfer to Lender's own account from the Debt Service Payment Sub-Account an amount equal to the Required Debt Service Payment for the applicable Payment Date.

• In the event that a permitted Mezzanine Financing under Section 2.15 has occurred, at or before 12:00 noon, New York City time, on each Payment Date during the term of the Loan, Lender shall transfer to Mezzanine Lender’s account from the Mezzanine Debt Service Payment Sub-Account an amount equal to the Mezzanine Debt Service for the applicable payment date.

• In the event that a permitted Mezzanine Financing under Section 2.15 has occurred, at or before 12:00 noon, New York City time, on each Payment Date during the term of the Loan, Lender shall transfer to Mezzanine Lender's account from the Mezzanine Debt Service Payment Sub-Account an amount equal to the Mezzanine Debt Service for the applicable payment date.

More Definitions of Payment Sub-Account

Payment Sub-Account means a portion of a Participant’s Account established by the Plan Administrator to facilitate the administration of distributions under the Plan, including without limitation Payment Sub-Accounts representing (i) an In-Service Account and (ii) a Post-Service Account.

Payment Sub-Account means a portion of a Participant’s Account established by the Program Administrator to facilitate the administration of distributions under the Program, including without limitation Payment Sub-Accounts representing each separate Eligible Equity Award for which a deferral election has been made.

Payment Sub-Account means a portion of a Participant’s Account established by the Plan Administrator to facilitate the administration of distributions under the Plan, including without limitation Payment Sub-Accounts representing (i) an In-Service Account, (ii) a Retirement Account, and (ii) any discretionary Participating Employer contributions under Paragraph 5(c) below.

Payment Sub-Account means the sub-account of that name in the Pledged Revenues Account established by the Indenture.

Payment Sub-Account means a portion of a Participant’s Account established by the Plan Committee to facilitate the administration of distributions under the Plan, including without limitation Payment Sub-Accounts representing (i) each separate set of deferrals with respect to Plan Years on or after January 1, 2010, (ii) each separate set of Class Year Deferrals with respect to Plan Years on or after January 1, 2006 but prior to January 1, 2010, and (iii) each separate set of deferrals with respect to Plan Years before January 1, 2006.

Payment Sub-Account are insufficient to pay the Required Debt Service Payment due on such Payment Date; provided, however, that if a Cash Management Event has not occurred, such failure shall not constitute an Event of Default if Borrower shall cure such failure within five (5) days after such Payment Date;

Payment Sub-Account means a portion of a Participant's Account established by the Plan Administrator to facilitate the administration of distributions under the Plan as further described in paragraph 6.1 below, including the 2-Year Annual Bonus Account, 3-Year Annual Bonus Account, 2-Year Stock Compensation Account, and 3-Year Stock Compensation Account.