Replacement Payment definition

Replacement Payment. As defined in Section 3.30(b) hereof.
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Replacement Payment. As defined in Section 5.08.
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Replacement Payment means a cash amount of at the maximum equal to 50% of the Purchase Price;
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Examples of Replacement Payment in a sentence

  • Because continued participation in any qualified pension and qualified retirement savings plans of the Company is not permitted during the Without Cause Continuation Period, the Company shall provide to the Executive, subject to Section 6(l), cash payments, to be paid in accordance with Section 6(l)(i), equal to the Pension Replacement Payment (as defined in Section 6(a)) with respect to the Without Cause Continuation Period.

  • Executive shall not receive the Severance Benefits, the “Enhanced Severance Benefits” as provided in Section 5(e), or the Termination Notice Replacement Payment (as defined below) unless Executive executes the separation agreement and general release attached as Exhibit A (the “Release”), and the same becomes irrevocable pursuant to its terms within the 60-day period following his/her termination of employment.

  • The Property Tax Replacement Payment (PTRP) on line 8.19 is a reduction in general fund property tax and increase in state foundation aid.

  • The cost of possible repairs carried out in the same year will be deducted from the Replacement Payment.

  • The amount of the Value Replacement Payment on any day for a Bulk Purchase Mortgage or Lost Commitment Mortgage is the amount, if greater than zero, sufficient to cause (i) the Minimum Net Share for that day for that Mortgage based on the purchase price paid by the Warehouse Purchasers for that Mortgage (reduced by this and any prior Value Replacement Payment), to be no greater than (ii) the value on that day of mortgage-backed securities based on and backed by mortgage loans comparable to the Mortgage.

  • The Company shall pay the Value Replacement Payment to RMST no later than the next Banking Business Day after RMST makes demand by notice to the Company.

  • The Regulatory Agreement shall provide, among other things, for the establishment of a reserve fund for replacements (the “Reserve Fund for Replacements”) under the control of the Lender by payment of the “Annual Reserve Fund for Replacement Amount,” to be accumulated monthly at the “Monthly Reserve Fund for Replacement Payment Rate,” commencing on the date of the first payment to principal as established in the Note and Security Instrument, unless a later date is agreed upon by HUD.

  • The COBRA Replacement Payment (if any) will be made regardless of whether the Eligible Employee elects COBRA continuation coverage.

  • REPM Section 5.7 reviews the Business Replacement Payment (BRP) policies and procedures and REPM 5.8 outlines the Business Move policies and procedures.

  • The Replacement Payment can only occur once during each annual period during the term of the contract and for each piece of equipment.


More Definitions of Replacement Payment

Replacement Payment. As defined in the Servicing Agreement hereof.
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Related to Replacement Payment

  • Delta Payment means as it is described in this Agreement.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Payment Amount has the meaning specified in Section 6.1.

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Individual Settlement Payment means the amount payable from the Net

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Debit Payment means a particular transaction where a debit is made.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Contingent Payment means any payment that has been (or is required to be) ------------------ made under any of the following circumstances:

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Cash Settlement Payment Date means in relation to a Series of Notes, the date specified as such or otherwise determined as provided in the relevant Final Terms.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.