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.

  • 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.

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

  • The parties hereto intend that the payment by the Marketing Agent or the related Upgrade Contract Originator of the Upgrade Payment as provided in this Section 2.2.1 shall extinguish such customer's claim in recoupment against the Upgrade Contract Originator and the customer's right to offset the amount of that claim against the amounts that the customer would owe under the New Upgrade DPP contemporaneously with such Upgrade Payment by the Marketing Agent or the related Upgrade Contract Originator.

  • The parties hereto intend that the payment by the Marketing Agent or the related Upgrade Contract Originator of the Upgrade Payment as provided in this Section 2.2.1 shall extinguish such customer’s claim in recoupment against the Upgrade Contract Originator and the customer’s right to offset the amount of that claim against the amounts that the customer would owe under the New Upgrade DPP contemporaneously with such Upgrade Payment by the Marketing Agent or the related Upgrade Contract Originator.

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

  • The earlier of (a) the payment of the Upgrade Payment pursuant to Section 2.2 or (b) the seven year anniversary of the date hereof shall be referred to herein as the "Maturity Date." If the Maturity Date is the date on which the Upgrade Payment is paid, the TBA Prepayment shall reduce the Upgrade Payment.

  • For purposes of this Section 5.3(f) and notwithstanding any provision of this Agreement to the contrary, the Parties agree that the Earnout Payments, the Post-Closing Services, and the Tier II Upgrade Payment are each properly allocable to, and will in fact be allocated to, the goodwill of the Group Companies to the greatest extent permissible under applicable income Tax Law.

Related to Upgrade Payment

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • 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.

  • Interim Payment has the meaning specified in Section 10.1.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Lease Payments means the rental payments described in Exhibit A hereto.

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

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • 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.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • 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.