Second Payment Period definition

Second Payment Period means the period commencing on the day following the First Payment Period through and including the next Payment Date on the Recovery Bonds.
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Second Payment Period means any time from the expiry of the First Payment Period up to and including the date when the Kent Thameside Contribution has been paid in full
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Second Payment Period has the meaning set forth in Section 2.8(b).
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Examples of Second Payment Period in a sentence

  • Notwithstanding the foregoing, if the Payment amount calculated to be paid in the Second Payment Period exceeds the Exemption Limit, the excess amount will be paid in the First Payment Period.

  • The Company shall pay a Payment to you on the first pay day in the Second Payment Period.

  • In no event shall the aggregate amounts paid in the First Payment Period under Section 6(a) and in the Second Payment Period under Section 6(b) exceed the Severance Benefits.

  • The Second Payment Period shall begin on the first day of the first month following the First Payment Period, and shall end no later than the last day of the second calendar year following the calendar year in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason).

  • The Company shall pay a Payment to Executive on each bi-weekly payroll date in the Second Payment Period.

  • The Second Payment Period shall commence on the first bi-weekly payroll date following the end of the First Payment Period and shall end on the last bi-weekly payroll date preceding the date that is eighteen (18) months following the Executive’s Separation from Service.

  • In the event any amount that would have been paid during the First Payment Period cannot be paid because it would exceed the limitation provided in the preceding paragraph, such excess amount shall be paid in a lump sum on the first bi-weekly payroll date of the Second Payment Period (in addition to any amount that would be paid on such bi-weekly payroll date in the Second Payment Period as provided in Section 1(a)(ii) below).

  • Four Thousand Two Hundred Fifty-Five Dollars and Seventy-Five Cents ($544,255.75) within 90 days after the Second Payment Period provided execution and delivery of the above mentioned Release.

  • In the case of termination for default by the Authority, an amount equal to the prorated pre-paid compensation for the period from the effective date of the termination to the end of the First Payment Period or Second Payment Period, as applicable, shall be made by the Authority to the Municipality within 30 calendar days of the effective date of the termination.

  • First Payment Period $ $ $ Second Payment Period $ $ $ Reference is hereby made to the Recovery Property Servicing Agreement, dated as of February 24, 2021 (the “Servicing Agreement”) between Southern California Edison Company, a California corporation, as Servicer (the “Servicer”), and SCE Recovery Funding LLC, a Delaware limited liability company, as Issuer (the “Issuer”).