PDC Payment definition
PDC Payment means the particular post-dated-check/s (PDCs) drawn under my name that I submitted to the Bank upon loan availment, which will be deposited by the Bank to pay the corresponding Monthly Installment Amounts Due on my Installment Loan on the Payment Due Date of the current Statement of Account. It is my responsibility to ensure that my Checking Account is funded during the clearing period of such PDCs.
Examples of PDC Payment in a sentence
For each month following the Execution Date, NPT shall, within a reasonable time after the last day of each such month, provide HQP with a report reasonably detailing the Project Development Costs incurred during such month prior to the occurrence of a PDC Payment Event, if any.
An annual salary increment of $600.00 shall be afforded all staff upon conclusion of fifteen (15) full school years in this school district.
Following the occurrence of a PDC Payment Event, NPT shall submit to HQP a preliminary invoice(s) of all Project Development Costs incurred during the Reimbursement Period, but not to exceed the NTX Amount.