Stub Payment definition
Examples of Stub Payment in a sentence
The Parties agree that any Funds so electing to include its July Payment and/or its Stub Payment each as an Other Deferred Pension Payment shall do so by way of execution of a Joinder substantially in the form attached to the Agreement as Exhibit A (whether or not such Fund has previously executed a Joinder with respect to any other Deferred Pension Payments).
The Primary Obligors acknowledge that upon the effectiveness of each Joinder adding a July Payment and/or Stub Payment as Other Deferred Pension Payments, the Obligors shall provide such Second Priority Collateral in accordance with and subject to the limitations of Section 6.01(b) of the Agreement to secure the Obligations (including without limitation the July Payments and Stub Payments).
If the Stub Period Payment is a negative number, then Sabratek shall pay Ralin an amount equal to the Stub Period Payment (as if such negative number were a positive number) within 5 business days of the final determination of the Stub Payment Amount, which amount shall be payable in cash by wire transfer of immediately available funds.
In addition, on the Delivery Date, Borrower will deposit (i) with Fiscal Agent (A) $[______________] for credit to the Costs of Issuance Fund and (B) $[______________] for credit to the Borrower Equity Account of the Project Loan Fund and (ii) with Loan Servicer the Stub Payment Amount.
The Final Stub Payment shall be paid by the Party owing such amount on or before the twentieth (20th) Business Day of the month following the month during which such Statement was received by the Buyer.
In addition, on the Delivery Date, Borrower will deposit (i) with Fiscal Agent, or with Escrow Agent for disbursement to Fiscal Agent upon closing of the Project Loan, the sum of (A) $[______________] for credit to the Costs of Issuance Fund; and (B) $[______________] for credit to the Borrower Equity Account of the Project Loan Fund and (ii) with Loan Servicer the Stub Payment Amount.
In connection with the subsequent determination of the incentive payments payable under the FY 2022 STIP for the full fiscal year commencing April 3, 2021, any such incentive payment otherwise payable to a Continuing Employee may be offset and reduced by the amount of the FY 2022 STIP Stub Payment previously paid to such Continuing Employee.
If the Stub Period Amount is a positive number, then Ralin shall pay Sabratek an amount equal to the Stub Period Payment within 5 business days of the final determination of the Stub Payment Amount, which amount shall be payable in cash by wire transfer of immediately available funds.
Borrower will deposit with Loan Servicer the Stub Payment Amount.