Under Payment definition

Under Payment has the meaning ascribed thereto to in Section 2.7.3;
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Under Payment is defined in Section 2.9(3) of the Agreement;
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Under Payment has the meaning specified in Section 2.5(c).
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Examples of Under Payment in a sentence

  • Under Payment of a Designated Amount and Proceeds Left at Interest, all or part of the remaining proceeds and any interest earned but not paid may be withdrawn.

  • Under Payment Choices 1 and 2, this Policy will terminate upon payment of the entire Surrender Value.

  • Under Payment Choice 3, this Policy will terminate when the Surrender Value is applied to the Optional Payment Plan.

  • Under Payment for a Designated Number of Years, the sum of the remaining guaranteed payments discounted at an interest rate of 4% compounded annually may be withdrawn.

  • Under Payment of a Designated Amount and Proceeds Left at Interest, all or part of the remaining Proceeds and any interest earned but not paid may be withdrawn.

  • Under Payment Choice (3), this Policy will terminate when the Surrender Value is applied to the Optional Payment Plan.

  • Under Payment Option M, the sum of the number of remaining Annuity Units for each Subaccount multiplied by the current Annuity Unit Value for that Subaccount will be paid to the Annuitant's or Owner's Beneficiary in a lump sum, (see "Option M - Unit Refund Variable Life Annuity" in Part 10).

  • Under Payment Choices (1) and (2), this Policy will terminate upon payment of the entire Surrender Value.

  • Under Payment Option M, the sum of the number of remaining Annuity Units for each Subaccount multiplied by the current Annuity Unit Value for that Subaccount will be paid to the Annuitant's or Owner's Beneficiary in a lump sum (see "Option M - Unit Refund Variable Life Annuity" in Part 10).

  • Under Payment for a Designated Number of Years, the sum of the remaining guaranteed payments discounted at an interest rate of two and a half percent compounded annually, may be withdrawn.

Related to Under Payment

  • Due for Payment means, (i) with respect to an Insured Amount, the Payment Date on which Insured Amounts are due and payable pursuant to the terms of the Indenture and (ii) with respect to a Preference Amount, the Business Day on which the documentation required by the Insurer has been received by the Insurer.

  • Transfer Payment Either or both of a Transfer Payment Made or a Transfer Payment Received.

  • Guarantor Payment as defined in Section 5.11.3.

  • relevant payment means either a student loan or an amount intended for the maintenance of dependants referred to in paragraph 76(7) or both.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Delta Payment means as it is described in this Agreement.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Debit Payment means a particular transaction where a debit is made.

  • Late Payment means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 45 days after an agency receives a Proper Invoice.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Make-Whole Payment means, with respect to any Series 2015-1 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2015-1 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2015-1 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

  • Overdue Payment shall have the meaning specified in Section 4.03(a).