Item of Payment definition

Item of Payment means each check, draft, cash, money, instrument, item, and other remittance in payment or on account of payment of the Receivables or otherwise with respect to any Collateral, including, without limitation, cash proceeds of any returned, rejected or repossessed goods, the sale or lease of which gave rise to a Receivable, and other proceeds of Collateral; and “Items of Payment” means the collective reference to all of the foregoing.
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Item of Payment means each check, draft, cash, money, instrument, item, and other remittance in payment or on account of payment of the Receivables or otherwise with respect to any Collateral, including, without limitation, cash proceeds of any returned, rejected or repossessed goods, the sale or lease of which gave rise to a Receivable, and other proceeds of Collateral; and "Items of Payment" means the collective reference to all of the foregoing.
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Item of Payment means each check, draft, cash, money, instrument, item, and other remittance in payment; and "Items of Payment" means the collective reference to all of the foregoing.
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Examples of Item of Payment in a sentence

  • Client further agrees at all times to indemnify, defend, release and hold Bank and Affiliated Entities harmless against all Losses that Bank or Affiliated Entities may incur in defending, prosecuting, settling, or discontinuing any proceedings, actions or claims in consequence of or arising directly or indirectly out of this Agreement, a Service, Bank, or Bank Agent’s endorsement on Client’s behalf of any Item of Payment or warranty thereof.

  • In the event that an Item of Payment is not accompanied by an invoice, Bank or Bank Agent shall not process or endorse the Item of Payment unless otherwise instructed by Client in the Service Application.

  • Notwithstanding anything herein to the contrary, in the event that any Item of Payment credited to the Account is returned unpaid to Bank, or is dishonored by Bank upon which it was drawn, Bank will debit the Account for the entire amount credited to the Account in respect of such Item of Payment together with any applicable service charge.

  • Unless otherwise agreed to by Bank in writing, Bank or Bank Agent will not be responsible for examining an Item of Payment to determine whether the Item of Payment includes a notation such as “paid in full,” “payment in full,” “without recourse,” or any similar statements or other instructive endorsements.

  • Unless otherwise agreed to by Bank in writing, Bank or Bank Agent willnot be responsible for examining an Item of Payment to determine whether the Item of Payment includes a notation such as “paid in full,” “payment in full,” “without recourse,” or any similar statements or other instructive endorsements.

  • An Item of Payment shall not be deemed to have been received or deposited with Bank until it has been removed from the Lockbox and processed pursuant to Bank’s current processing procedures (“Procedures”).

  • Table 3: Cost of living adjustments rates per item of payments Item of Payment (From Persal/Persol)2014/152015/162016/17Basic Salary6.4%5.4%5.3%Housing Allowance0.0%0.0%0.0%Overtime6.4%5.4%5.3%Employer contribution: Medical6.4%5.4%5.3%Employer Contribution: Pension6.4%5.4%5.3%Performance Bonus6.4%5.4%5.3%All Other6.4%5.4%5.3% Note that the 2013 budget baselines had provisions for inflation projections.

  • Item of Payment Payment for the work specified in this item shall be made under: Bid Item No. 110 - Clearing and Grubbing – Per AcreSECTION 110.15.1 – TREE PROTECTION A.

  • Item of Payment Payment for the work specified in this item shall be made under:Bid Item No. 110.15.2 – Vegetation Removal – Stump Treat – Per Acre SECTION 110.15.3 – HERBICIDE TREATMENT B.

  • Notwithstanding anything herein to the contrary, in the event that any Item of Payment credited to the Account is returned unpaid to Bank, or is dishonored by Bank upon which it as drawn, Bank will debit the Account for the entire amount credited to the Account in respect of such Item of Payment together with any applicable service charge.


More Definitions of Item of Payment

Item of Payment. As to any Person, all checks, drafts, cash, and other remittances of payment of, or on account of, any Accounts, Instruments, Chattel Paper, Documents, or General Intangibles, or Investment Property or received as proceeds of the sale or lease of any Property or as payment for any services rendered.
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Item of Payment means any check, draft, cash, money, instrument, item, and other remittance in payment or on account of payment of the Accounts or otherwise with respect to any Collateral, including, without limitation, cash proceeds of any returned, rejected or repossessed goods, the sale or lease of which gave rise to an Account, and other proceeds of Collateral; and "Items of Payment" means the collective reference to all of the foregoing.
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Item of Payment means each check, draft, cash, money, instrument, item and other remittance in payment or on account of payment of the Accounts.
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Item of Payment means each check, draft, cash, money, instrument, item, and other remittance in payment or on account of payment of any Collateral, including, without limitation, cash proceeds of any returned, rejected or repossessed goods, the sale or lease of which gave rise to an Account, and other proceeds of Collateral; and "Items of Payment" means the collective reference to all of the foregoing. "Laws" means all ordinances, statutes, rules, regulations, orders, injunctions, writs, or decrees of any Governmental Authority or political subdivision or agency thereof, or any court or similar entity established by any thereof. "Lease Obligations" of a Person means for any period the rental commitments of such Person for such period under leases for real and/or personal property. "Lending Office" means a Dollar LIBOR Lending Office or a Sterling LIBOR Lending Office, as applicable. "Letter of Credit" and "Letters of Credit" shall have the meanings described in Section (A)
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Related to Item of Payment

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, or confirmation of wire or automated clearinghouse transfer, and any other information required to demonstrate that payment has been made according to EPA requirements, in the amount due, and identified with the appropriate docket number and Respondent’s name.

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, including employee contributions picked up after August 1, 1982, pursuant to KRS 61.560(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, nineteen hundred fifty (1,950) hours for seven and one-half (7-1/2) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Regular rate of pay means the rate of pay the employee was receiving at the time maternity leave commenced, but does not include retroactive adjustment of rate of pay, acting pay, overtime, shift premium or any other form of supplementary compensation.

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • hourly rate of pay means a full-time employee’s weekly rate of pay divided by thirty-seven decimal five (37.5); (taux de rémunération horaire)

  • Ordinary rate of pay in Clause 17. - Annual Leave means the average rate the employee received for the four weeks preceding the taking of annual leave or the average rate received for the 12 months preceding such leave, whichever shall be the higher, provided that such average shall be computed taking into consideration any extra rates prescribed for night work, etc., and penalty rates for Sunday work where such work is part of the employee's normal working week of five days but excluding any amounts received by way of overtime or holiday penalty rates.

  • Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;

  • Base Rate of Pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Qualified expenses means lost wages not compensated by sick pay and unreimbursed medical expenses as defined for federal income tax purposes, to the extent not deducted in computing federal taxable income, whether or not the taxpayer itemizes federal income tax deductions.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Untimely payment means a payment to a subcontractor that is more than 90 days past due under the terms and conditions of a subcontract for supplies and services for which the Government has paid the prime contractor.