Suspended Payment definition
Suspended Payment means the cessation of payments by the City to the provider when a youth placed with the provider is not physically present and is not on an allowable absence.
Suspended Payment means the cessation of payments by the City to the contractor when a youth placed with the contractor is not physically present and is not on an allowable absence.
Suspended Payment is specified in the applicable Final Terms: to suspend the payment until as many Business Days after the Inconvertibility Event has ceased as specified in the notice, provided that the Issuer may, at any time from and including the Trade Date to and including the Maturity Date, subsequent to the despatch of a notice electing one of the selected options other than "Early Redemption", dispatch a second notice electing "Early Redemption", provided that such option was specified as applicable in the relevant Final Terms, in which case the Notes will be redeemed in accordance with the terms of "Early Redemption" above and the date specified in such notice will be the Inconvertibility Early Redemption Date. For the avoidance of doubt, failure to deliver such notice or the failure of the recipient to receive such notice will not affect the Issuer’s ability to make payments according to the option it selected. For the purpose of this Condition 18:
Examples of Suspended Payment in a sentence
In the event an Order rejects the Buyer Indemnified Person’s right to be indemnified by Seller, any Suspended Payment shall be retroactively reinstated and, at the option of the Buyer, shall be immediately due and payable by Buyer to Seller.
Provided TENANT makes full and timely payments of all monthly rent installments from the date of this Fourth Amendment through the full term of the LEASE AGREEMENT, including any Extended Term(s), if exercised, the Suspended Payment shall be waived and TENANT’s obligation to tender the Suspended Payment shall be forever discharged without further action of the parties.
More Definitions of Suspended Payment
Suspended Payment is specified in the applicable Pricing Supplements: to suspend the payment until as many Business Days after the Inconvertibility Event has ceased as specified in the notice, provided that the Issuer may, at any time from and including the Trade Date to and including the Maturity Date, subsequent to the despatch of a notice electing one of the selected options other than "Early Redemption", dispatch a second notice electing "Early Redemption", provided that such option was also specified as applicable in the applicable Pricing Supplement, in which case the Notes will be redeemed in accordance with the terms of "Early Redemption" above and the date specified in such notice will be the Inconvertibility Early Redemption Date. The Issuer shall notify the holders of any such determination of an Inconvertibility Event and any action it elects to take in accordance with the foregoing, provided that failure to deliver such notice or the failure of the recipient to receive such notice will not affect the validity of the determination or the Issuer's election or its ability to make payments according to the option it selected.
Suspended Payment is defined in Section 8.6(b).