Payment Instalment definition

Payment Instalment means each of the payment instalments referred to in clauses 6.3a, 6.3b, 6.3c, 7.3a, 8.3a, 8.3b, 8.3c and 8.2c.
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Payment Instalment means the interest payment instalment due by a Debtor under the respective Loan.
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Payment Instalment means the interest payment instalment due under the respective Loan Agreement.
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Examples of Payment Instalment in a sentence

  • Not more than 90% of the Service Fee shall be paid to the Contractor on the Payment Instalment Dates, or on satisfactory completion of the Services or other circumstances set out in Schedule 2.

  • The School Council is not obliged to pay a Payment Instalment unless the Contractor issues a valid tax invoice to the School Council 30 days prior to the Payment Instalment Date.

  • Agent’s Commission will be payable by the Contractor to the Agent, in accordance with the Mandate Agreement concluded between the Seller the Contractor and the Agent, with the First Payment Instalment received.

  • You need to be aware of the following key dates and payment schedules and timescales: Payment Instalment dates Deposits – within 48 hours of application being accepted.

  • The School Council is not obliged to pay a Payment Instalment unless the Contractor has: complied with each of its obligations under this Contract; issued the School Council a valid tax invoice no less than 30 days prior to the Payment Instalment Date; and provided the School Council with Student Results in accordance with clause 4.2(b).

  • At Client’s sole discretion, changes to the Payment Instalment (without any variation of the expected Deliverable) as required by the Contractor under this par.

  • The Recipient is required to submit two invoices with each Funds Payment Request - one invoice addressed to ARENA for 50% of the relevant Payment Instalment and one invoice addressed to NSW for 50% of the relevant Payment Instalment.

  • In the event that modifications to the time schedule of the Payment Instalment within the Price are required (in terms of different time and payment allotments) in order to execute the Works, as determined by the Contractor in planning and updating the process and due to internal Contractor’s accounting procedures, then Contractor shall promptly notify the Client.

  • Payments will be made in six-monthly instalments on the expected payment dates set out below: Payment Instalment (plus GST (if any)) Date Payment 1 $[Insert amount of instalment] The first payment will be made on the first available Payment Date, being at least two working days after the date the contract is signed by both parties.

  • PRODUCTS: Lights – ₦ 6,000 Refrigerator – ₦ 65,000 Fan – ₦ 7,200 Mini Cash register - ₦ 22,000 Mode of Payment: Instalment based payment, to be paid in 12 equal instalments.


More Definitions of Payment Instalment

Payment Instalment has the meaning ascribed thereto in Section 2.5.1.
Sample 1

Related to Payment Instalment

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • Instalment Date means each date (if any) specified as such opposite each Instalment Amount in the Issue Memorandum.

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

  • payment institution means a legal person that has been granted authorisation in accordance with Article 10 to provide and execute payment services throughout the Union;

  • Payment Instructions has the meaning set forth in Section 5.2(a) of the Loan Agreement.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Additional Amount Payment means a payment to a Holder of MuniFund Term Preferred Shares of an amount which, when taken together with the aggregate amount of Taxable Allocations made to such Holder to which such Additional Amount Payment relates, would cause such Holder’s dividends in dollars (after federal income tax consequences) from the aggregate of such Taxable Allocations and the related Additional Amount Payment to be equal to the dollar amount of the dividends that would have been received by such Holder if the amount of such aggregate Taxable Allocations would have been excludable (for federal income tax purposes) from the gross income of such Holder. Such Additional Amount Payment shall be calculated (i) without A-1 consideration being given to the time value of money; (ii) assuming that no Holder of MuniFund Term Preferred Shares is subject to the federal alternative minimum tax with respect to dividends received from the Fund; and (iii) assuming that each Taxable Allocation and each Additional Amount Payment (except to the extent such Additional Amount Payment is designated as an exempt-interest dividend under Section 852(b)(5) of the Code) would be taxable in the hands of each Holder of MuniFund Term Preferred Shares at the maximum marginal regular federal individual income tax rate applicable to ordinary income or net capital gains, as applicable, or the maximum marginal regular federal corporate income tax rate applicable to ordinary income or net capital gains, as applicable, whichever is greater, in effect at the time such Additional Amount Payment is paid.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Fixed Amount has the meaning assigned to such term in Section 1.10(c).

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Repayment Price means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.

  • Assessment instrument means the form provided for under the Supported Wage System that records the assessment of the productive capacity of the person to be employed under the Supported Wage System.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.

  • Unapplied Downgrade Advance means any Downgrade Advance other than an Applied Downgrade Advance.

  • Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or the Collateral (as defined in any Indenture).