Unallocated Payment definition

Unallocated Payment has the meaning given to such term in Section 5.5 of the Indenture.
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Examples of Unallocated Payment in a sentence

  • Each party agrees that in the event it receives an Unallocated Payment, then it shall promptly notify the other party and provide to such other party, and to Seller's lender, Capital Temp Funds, Inc., a copy of the remittance and any accompanying documentation or correspondence.

  • In the event that for any particular customer who has remitted to either party an Unallocated Payment, the oldest outstanding invoice is one that has been written off by either party (a "Written-Off Invoice"), then such Unallocated Payment will not be applied to such Written-Off Invoice, but shall be applied to the next oldest outstanding invoice.

  • Funding Co shall make or cause to be made payment from the Unallocated Account to Solutia in the amount of any Unallocated Payment Amount as soon as practicable, but in any event within five (5) Business Days after the date upon which such amount becomes an Unallocated Payment Amount, in accordance with wire transfer and account instructions either contained or confirmed in the relevant Unallocated Reimbursement Statement.

  • Each party agrees that in the event it receives an Unallocated Payment, then it shall promptly notify the other party and provide to such other party, and to Seller’s lender, Capital Temp Funds, Inc., a copy of the remittance and any accompanying documentation or correspondence.

  • In the event that the customer has not provided instructions on the face of the remittance or any accompanying documentation or correspondence (an “Unallocated Payment”), then such Unallocated Payment shall be applied first to the oldest outstanding invoice(s).

  • In the event that for any particular customer who has remitted to either party an Unallocated Payment, the oldest outstanding invoice is one that has been written off by either party (a “Written-Off Invoice”), then such Unallocated Payment will not be applied to such Written-Off Invoice, but shall be applied to the next oldest outstanding invoice.

  • In the event that the customer has not provided instructions on the face of the remittance or any accompanying documentation or correspondence (an "Unallocated Payment"), then such Unallocated Payment shall be applied first to the oldest outstanding invoice(s).