Income Threshold Sample Clauses

Income Threshold. If at any time, the Student’s Estimated Annual Personal Income is less than $20,000, adjusted annually for inflation2 and rounded to the nearest $100, the Student may elect to set the Monthly Payments to $0.00. Alternatively, Student may elect in writing to set the Monthly Payments to $0.00 in any month where Student’s Estimated Annual Personal Income is less than 1/12 of the amount calculated in the prior sentence. Student shall recertify their election to set the Monthly Payment to $0.00 on a monthly basis. The ability to avoid Monthly Payments does not relieve Student of the obligation to engage in the Annual Reconciliation. If Student’s Annual Personal Income exceeds the amount set forth in Section 10.4, then Student will continue to owe the Annual Reconciliation amount so calculated.
AutoNDA by SimpleDocs
Income Threshold. If the Student’s Annual Personal Income is less than $20,000, adjusted annually for inflation3 and rounded to the nearest $100, the Student’s Annual Payment Obligation will be $0.00.
Income Threshold. A time registration waiver requires an annual gross income (including bonus) of more than CHF 120‘000. In the case of part-time employment this income threshold is reduced proportionately.
Income Threshold. Income thresholds are marketed as a “safety net.” Borrowers are not required to pay their monthly ISA obligation if their monthly income falls below an income threshold, which can range from $20,000 to $50,000 or more. A borrower is not required to make a monthly payment if they did not earn above the monthly income threshold for that month. However, unlike for federal income-driven repayment plans, any month spent below the income threshold will usually not count towards an individual’s required “payment term.” Instead, these payments are effectively in forbearance. ISA servicers typically structure their payment windows to extend up to twice the length of the original payment term or more to lower the probability a borrower will repay less than the total amount financed.15 For colleges, this generally ranges from 7-12 years. 13 Xxxx, 3 months, xxxxx://xxxx.xxx/api/products/5b5b8bd0e59b743f9a086ed9/pd (last visited Dec. 16, 2021); Lambda, Our Income Share Agreements, xxxxx://xxxxxxxxxxxx.xxx/tuition/isa (last visited Dec. 16, 2021). 14 Xxxxxx Xxxxx & Xxxxx Xxxxxxx, Credit By Any Other Name: How Federal Consumer Financial Law Governs Income Share Agreements, Student Borrower Prot. Ctr. (July 2020), xxxxx://xxxxxxxxxxxxxxxx.xxx/wp- content/uploads/2020/07/Xxxxx.Xxxxxxx_Xxxxxx-By-Any-Other-Name.pdf.‌
Income Threshold. If at any time, the Student’s annualized Individual Earned Income Estimate, is less than and not equal to $30,000, adjusted annually for inflation with a base year of 20192 and rounded to the nearest $100, the Student’s Monthly Payment Obligation will be $0.00.

Related to Income Threshold

  • Emergency Thresholds The following matrix presents the emergency thresholds that, if reached by any of the services mentioned above for a TLD, would cause the emergency transition of the Registry for the TLD as specified in Section 2.13 of this Agreement. Critical Function Emergency Threshold DNS Service (all servers) 4-hour total downtime / week DNSSEC proper resolution 4-hour total downtime / week EPP 24-hour total downtime / week RDDS (WHOIS/Web-based WHOIS) 24-hour total downtime / week Data Escrow Breach of the Registry Agreement as described in Specification 2, Part B, Section 6.

  • Collateral Threshold If the Parties have in place between them an Edison Electric Institute Master Power Purchase and Sale Agreement, and have selected Collateral Threshold Applicable under EEI on the Cover Sheet, then, notwithstanding whether an Event of Default has occurred, the Termination Payment that would be owed to by a Party hereunder will be included in the calculation of each Party’s Termination Payment under (and as defined in) such agreement, and an event of default under such agreement will be an Event of Default hereunder and an Event of Default hereunder will be an event of default under such agreement. If the Parties have in place between them an ISDA Master Agreement with Credit Support Annex, and have selected Collateral Threshold Applicable under ISDA on the Cover Sheet, then, notwithstanding whether an Event of Default has occurred, the Termination Payment that would be owed to by a Party hereunder will be included in the calculation of each Party’s Exposure under (and as defined in) such agreement, and an event of default under such agreement will be an Event of Default hereunder and an Event of Default hereunder will be an event of default under such agreement. If the Parties have elected either of the two foregoing options but at any time do not have in effect between them the referenced other agreements, or such referenced agreements do not provide for the exchange of margin or collateral thresholds, or if the Parties have selected Collateral Threshold Applicable Standalone on the Cover Sheet, if at any time and from time to time, notwithstanding whether an Event of Default has occurred, the Termination Payment that would be owed to by a Party plus that Party’s Independent Amount, if any, exceeds the Collateral Threshold specified, then the Party to whom such amount would be owed, on any Business Day, may request that owing Party to provide Performance Assurance in an amount equal to the amount of such excess, less any Performance Assurance already posted. Such Performance Assurance will be provided within three Business Days of the date of request. On any Business Day, but no more frequently than weekly with respect to letters of credit and daily with respect to cash, if there has been a reduction in the amount of such excess, the posting Party may request that such Performance Assurance be reduced correspondingly by the amount of such excess, if any. Failure to provide such Performance Assurance to the requesting Party within three Business Days of request is an Event of Default. For purposes of this Section, the Termination Payment will be calculated pursuant to Article 5 by the requesting Party as if the posting Party had defaulted and all outstanding Transactions had been liquidated, even if that is not actually the case, and in addition thereto, and include the net amount of all amounts owed but not yet paid between the Parties, whether or not such amounts are due, for performance already provided pursuant to any and all Transactions. A Party holding Performance Assurance in the form of cash posted by the other Party will pay the posting Party interest on such cash, monthly, at the Federal Funds rate of interest.

  • Incentive Eligibility Conditions The IPTVO shall be entitled to avail of the Incentives, within the Territory, with effect from the date of execution of this Addendum, subject to the IPTVO meeting each of the following conditions (“Incentive Eligibility Conditions”):

  • Minimum Call-Back Time An employee who is called in and required to work outside their regular working hours shall be paid for a minimum of two (2) hours at overtime rates unless the call-in is immediately prior to their normal work day, in which case there should be no minimum.

  • Step Three a. If the grievance is not resolved within ten (10) working days of the referral to Step Two in Article A.6.3.a the local may, within a further ten (10) working days, by letter to the superintendent or official designated by the district, refer the grievance to Step Three of the grievance procedure. Two representatives of the local and two representatives of the employer shall meet within ten (10) working days and attempt to resolve the grievance. If both parties agree and the language of the previous Local Agreement stipulates:

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Thresholds The threshold of a sample to constitute a positive result alcohol, drugs, or their metabolites is contained in the standards of one of the programs listed in MN Statute §181.953, subd 1. The employer shall, not less than annually, provide the unions with a list or access to a list of substances tested for under this LOA and the threshold limits for each substance. In addition, the employer shall notify the unions of any changes to the substances being tested for and of any changes to the thresholds at least thirty (30) days prior to implementation.

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Losses in Excess of the Stated Threshold In the event that the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Stated Loss Amount under the Commercial Shared-Loss Agreement meets or exceeds the Stated Threshold, the loss/recovery sharing percentages set forth herein shall change from 80/20 to 95/5 and thereafter the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to ninety-five percent (95%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds ninety-five percent (95%) of that amount.

  • If You Withdraw Before Approval If you or any co-applicant withdraws an Application or notifies us that you’ve changed your mind about the unit, we’ll be entitled to retain all application deposits as liquidated damage, and the parties then have no further obligation to each other.

Time is Money Join Law Insider Premium to draft better contracts faster.