Punctual Payment definition

Punctual Payment it shall pay or cause to be paid all Obligations falling due hereunder on the dates and in the manner specified herein;
Sample 1

Examples of Punctual Payment in a sentence

  • Punctual Payment........................................................................

  • AFFIRMATIVE COVENANTS OF THE TRUST AND THE BORROWER 63 §7.1. Punctual Payment 63 §7.2. Maintenance of Office 63 §7.3. Records and Accounts 63 §7.4. Financial Statements, Certificates and Information 63 §7.5. Notices 66 §7.6. Existence; Maintenance of Properties 67 §7.7. Insurance 68 §7.8. Taxes 68 §7.9. Inspection of Properties and Books 68 §7.10.

  • Punctual Payment...................................................

  • AFFIRMATIVE COVENANTS OF THE BORROWERS 105 §8.1. Punctual Payment 105 §8.2. Maintenance of Chief Executive Office 105 §8.3. Records and Accounts 105 §8.4. Financial Statements, Certificates and Information 106 §8.5. Corporate Existence; Compliance with Laws, Other Agreements 108 §8.6. Maintenance of Properties 108 §8.7. Insurance 108 §8.8. Taxes 108 §8.9. Inspection of Properties, Books and Contracts 108 §8.10.

  • The Borrower agrees that, so long as any Obligation or any Letter of Credit is outstanding or the Banks have any obligation to make Loans or the Administrative Agent has any obligation to issue, extend or renew any Letters of Credit hereunder or the Banks have any obligations to reimburse the Administrative Agent for advances made under any Letter of Credit, it shall, and shall cause its Subsidiaries to comply with the following covenants: Punctual Payment.

  • The Borrowers jointly and severally covenant and agree that, so long as any Loan, any Note, or any Letter of Credit is outstanding or the Banks have any obligation to make Loans or the Agent has any obligation to issue, extend, or renew any Letters of Credit hereunder: Punctual Payment.

  • ARTICLE 10 COVENANTS OF THE BORROWER 10.1 Affirmative Covenants 10.1.1 Punctual Payment and Performance.

  • AFFIRMATIVE COVENANTS OF THE BORROWER 26 7.1. Punctual Payment 26 7.2. Maintenance of Office 26 7.3. Records and Accounts 26 7.4. Financial Statements, Certificates and Information 27 7.5. Notices 28 7.6. Legal Existence; Maintenance of Properties 29 7.7. Insurance 30 7.8. Taxes 30 7.9. Annual Financial Review 30 7.10.

  • The Borrower hereby covenants and agrees, from the date hereof and until payment in full of the principal of, and the interest, costs and expenses on, the Revolving Loan and the termination of this Agreement, unless the Bank shall otherwise consent in writing, that it shall perform and observe or cause to be performed or observed, the following covenants and agreements: (a) Punctual Payment.

  • The Borrower covenants and agrees that, so long as any Loan, Reimbursement Obligation, Letter of Credit, amount of Consigned Precious Metal or Note is outstanding or any Bank has any obligation to make any Loans, any Gold Fronting Bank has any obligation to make any Purchases and Consignments or the Administrative Agent has any obligation to issue, extend or renew any Letters of Credit: Punctual Payment.

Related to Punctual Payment

  • Actual Payment means, with respect to a Receivable and a Collection Period, all payments received by the Servicer from or for the account of the related Obligor on such Receivable during such Collection Period, net of any Supplemental Servicing Fees attributable to such Receivable.

  • 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.

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

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

  • 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.

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

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

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

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

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

  • Legal Final Payment Date means the one-year anniversary of the Expected Final Payment Date.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Installment as defined in Section 2.12.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.