Prepayment Plan definition

Prepayment Plan means a payment plan offered by Servicer pursuant to which the related Customer provides Servicer with prepayments that are applied as credits toward the payment of such Customer’s invoice amounts in future billing cycles.
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Prepayment Plan means a plan established under this bylaw for the prepayment of property Taxes on an equal monthly basis between August 15th and May 15th, each year;
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Prepayment Plan has the meaning assigned to such term in Section 2(f).
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Examples of Prepayment Plan in a sentence

  • Property owners wishing to pay their property taxes under the Property Tax Prepayment Plan must, no later than fifteen (15) days before their 1stpayment, (a) pay all their outstanding property taxes, and (b) give the Collector a void cheque and written authorization, in the manner the Collector requires, to automatically withdraw monthly tax payments from the property owner's bank account.

  • Written notification is required no less than fifteen (15) days before the next payment is scheduled, for the followingchanges: - Fixed Monthly prepayment amounts; - Sale or transfer of property; - Cancellation of the Property Tax Prepayment Plan; or, - Banking information (i.e. financial institution or bankaccount) After notice of such change, the new authorization will continue in respect of any new account to be used for payment to the Town of Ladysmith.

  • Property owners may prepay their property taxes for the following year by making monthly payments, in accordance with the provisions of Town of Ladysmith Property Tax Prepayment Plan Bylaw 2014, No. 1851.

  • Simultaneously with the notice under subsection (b)(2), the Museum shall also submit a Bond Prepayment Plan, as described in Section 4.6, to the City Finance Director for approval, with a copy to the Authority.

  • No Bond Prepayment Plan or plan of lease termination shall be approved under this subsection so long as any advance made by the City under this Agreement remains unreimbursed.

  • SunStar Health Plan shall uses its best efforst to continue to remain a contracting party to the Health Care Prepayment Plan agreement until the assignment has been approved.

  • The Museum covenants to create no leasehold or subleasehold interest in the Museum Expansion Unit other than the leasehold interest of an Office Space Tenant created by an Office Space Lease that includes the Tenant Payment Provisions, and subleases permitted by the Museum Expansion Unit Assignment of Rents unless approved by the City Finance Director in connection with a Bond Prepayment Plan.

  • Written notification of changes is required no less than ten (10) days before the next payment is scheduled, for: - Fixed Monthly prepayment amounts; - Sale or transfer of property; - Cancellation of the Property Tax Prepayment Plan; - Banking information; - Request for Refunds subject to Administration Fee of $25 Interest will be paid on prepayment monies received by the Collector from the first prepayment date until the tax levy date.

  • On the 120th day after the Museum’s first submission of a Bond Prepayment Plan, all plans submitted shall be deemed rejected unless the City Finance Director has approved a plan in writing.

  • No Bond Prepayment Plan shall become effective until approval of the City Finance Director has been obtained in writing.

Related to Prepayment Plan

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).