Upgrade Payment definition

Upgrade Payment means a prepayment amount equal to the remaining unpaid Principal Balance of the related Receivable determined as of the date of the relevant upgrade, after giving effect to any prepayment made by the related Obligor in connection with the related Upgrade Offer.
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Upgrade Payment has the meaning set forth in Section 2.2.1 of this Agreement. Verizon Originators has the meaning set forth in the preamble of this Agreement.
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Upgrade Payment means, with respect to an EIP sales contract, the Receivable arising therefrom and the Upgrade Program associated therewith, a prepayment amount equal to the remaining unpaid principal balance of such Receivable, determined as of the date of the relevant upgrade, after giving effect to any prepayment made by the related Obligor in connection with exercising his or her Upgrade Program Benefit under such Upgrade Program.
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Examples of Upgrade Payment in a sentence

  • The parties hereto intend that the payment by the Marketing Agent or the related Originator of the Upgrade Payment as provided in this Section 4.3(g) shall extinguish such Obligor’s claim in recoupment against the related Originator and the Obligor’s right to offset the amount of that claim against the amounts that the Obligor would owe under the New Upgrade DPP contemporaneously with such Upgrade Payment by the Marketing Agent or the related Originator.

  • To the extent any Lease Upgrade Payment Amount due hereunder is paid by Sprint Corporation under the Performance Support Agreement, the Originator which owed such amount agrees to reimburse Sprint Corporation in cash for such Lease Payment Amount, and assign to Sprint Corporation such Originator’s interest in the returned Lease Device, and if not otherwise assigned to the Related SPE, the Lease Upgraded Receivable and Related Lease Device.

  • If this Agreement is terminated pursuant to this Section 8.17, then promptly after Seller has actual knowledge of such termination, Seller shall promptly notify the Title Company, and the Title Company shall release the Earnest Money to Seller and Seller shall retain the Upgrade Payment.

  • Once paid, the Upgrade Payment shall be immediately nonrefundable except in the event of a Seller default hereunder.

  • If Seller’s default continues uncured for more than 20 days after Seller’s receipt of Purchaser’s Default Notice, then Purchaser may terminate this Agreement, in which event Purchaser will be entitled to a return of an amount equal to the sum of the Xxxxxxx Money and Upgrade Payment, if any, which will be Purchaser’s sole and exclusive remedy.

  • The Servicer shall enforce the obligations of the Originators to make any payments of any Lease Upgrade Payment Amount in accordance with the terms of the Sale Agreement.

  • The Sellers shall enforce the obligations of the Originators to make any payments of any Lease Upgrade Payment Amount in accordance with the terms of the Sale Agreement.

  • The Upgrade Contract Originator and the Marketing Agent intend that the grant of such security interest in such New Upgrade DPP shall be contemporaneous with the payment by the Marketing Agent of the Upgrade Payment set forth in Section 2.2.1 to satisfy the obligation of the customer under the related Receivable and the obligation of the Upgrade Contract Originator under the related Upgrade Contract.

  • Purchaser represents and warrants that it has taken such measures as are required by law to ensure that the funds used to pay the Purchase Price, the Earnest Money and Upgrade Payment are derived from permissible sources and transactions that do not violate U.S. law and, to the extent such funds originate outside the U.S., do not violate the laws of the jurisdiction in which they originated.

  • The Purchase Price (herein so called) shall be the base price of $ for the Subject Property and the amount of any Upgrade Payment and/or the amount shown on any addendum executed by Seller and Purchaser.

Related to Upgrade Payment

  • Interim Payment has the meaning specified in Section 10.1.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.