Residual Payment definition

Residual Payment means any amount received either by the Servicer or the Trustee as a Purchase Option Payment under a Contract or proceeds of the sale of an item of Equipment subject to the lien of the Indenture or rental payments from the re-leasing of an item of Equipment subject to the lien of the Indenture after the final Contract Payment due and payable under the initial terms of the Contract to which such item of Equipment is subject is made.

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Residual Payment with respect to an account means the aggregate amount collected with respect to such account, less the sum of (i) the Initial Payment with respect to such account, (ii) the KBK Discounts (as hereinafter defined), (iii) any and all attorneys' fees and other costs of collection.

Residual Payment means the commission payment which is paid by Ameritech over time, and the time period for payment is established by Ameritech based on contract term or other factors relevant to the sale. Ameritech determines the amount and payment schedule in its sole discretion.

Examples of Residual Payment in a sentence

• The Aggregate Owner’s Priority and Aggregate Owner’s Residual Payment shall be allocated among Owners as the Owners shall determine in their sole discretion and Manager shall have no responsibility or liability in connection therewith.

• The purchase price for each account purchased hereunder shall consist of and be paid by the Initial Payment and the Residual Payment.

• If at any time the Issuer shall receive any payment on or in respect of any Contract or Equipment (including any Residual Payment), it shall hold such payment in trust for the benefit of the Trustee and the Noteholders, shall segregate such payment from the other property of the Issuer, and shall, within two Business Days of receipt, deliver such payment in immediately available funds to the Trustee.

• The Aggregate Incentive Fee and Aggregate TRS Residual Payment shall be paid on the last Business Day of the calendar month following the month to which such Aggregate Incentive Fee and Aggregate TRS Residual Payment relate, in arrears, and shall be based upon the Aggregate Monthly Statements.

• The Aggregate TRS Priority Return and Aggregate TRS Residual Payment shall be allocated among TRSes as the TRSes shall determine in their sole discretion and Manager shall have no responsibility or liability in connection therewith.

More Definitions of Residual Payment

Residual Payment means the RC1 Payments and the RC2 Payments. "Secured Amounts" has the meaning ascribed thereto in the Deed of Charge. "Secured Parties" has the meaning ascribed thereto in the Deed of Charge. "Securities Act" means the United States Securities Act of 1933, as amended.

Residual Payment with respect to an account means the aggregate amount collected with respect to such account, less the sum of (i) the Initial Payment with respect to such account, (ii) the MCF Discounts (as hereinafter defined), (iii) any and all attorneys’ fees and other costs of collection.

Residual Payment means the amount of that certain payment obligation described on Section 1.01(f) of the CarVal Disclosure Schedule in respect of the fiscal year ending December 31, 2022, which amount may be zero.

Residual Payment with respect to any Factored Receivable, as of each date of calculation, means the aggregate amount collected by GCBC from the Account Debtor with respect to the Receivable, less the sum on such date of (i) the Initial Payment with respect to such Receivable, and (ii) all Discounts, fees and charges payable hereunder with respect thereto, including any attorneys fees and other costs of collection with respect thereto, to the extent unpaid by Company on the date of payment of the Residual Payment.

Residual Payment means the amount equal to (a) the Estimated Merger Consideration minus (b) the Aggregate Series C Merger Consideration minus (c) the Aggregate Series C-1 Merger Consideration.

Residual Payment with respect to a Purchased Receivable means the aggregate amount of Collections received by Buyer and credited to Seller’s account pursuant to the terms of this Agreement with respect to such Purchased Receivable in an amount equal to the lesser of the “Gross Amount” or “Net Amount” of such Purchased Receivable used to determine the Initial Payment, as applicable, less the sum of (a) the Initial Payment with respect to such Purchased Receivable, plus (b) the “Fixed Discount” and the “Variable Discount” (as such terms are defined in Section 4.4), plus (c) the amount of such Purchased Receivable credited to the “Reserve Account” (as defined in Section 5.4), plus (d) all fees, costs and expenses payable by Seller to Buyer pursuant to the terms of this Agreement (including but not limited to any and all attorneys’ fees and other costs of collection) relating to such Purchased Receivable. The Fixed Discount will be paid by Seller or charged to Seller’s account at the time of ▇▇▇▇▇’s purchase of a Purchased Receivable. The Variable Discount will be paid by Seller or charged to Seller’s account monthly at the end of each month.

Residual Payment means the final residual payment required to be paid by Obligee to Lender under the Purchase Agreement.