Issuance of Checks Sample Clauses

Issuance of Checks. ‌ Mileage reimbursement checks shall be payable on the first Friday following the submission of a mileage record to the Department of Finance, as long as the payables deadline established by the Department of Finance has been met. Car allowance checks shall be payable on the first payday of the month following the month the mileage was driven.
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Issuance of Checks. Defendants will, by the deadlines set forth in the preceding paragraph, deliver to Class Counsel separate checks for each Class Member and Collective Member. One half of each Collective or Class Member’s payment will represent the Collective or Class Member’s claimed unpaid wages. Defendants shall take out regular payroll deductions from each Class Member and Collective Member’s payment. The other half of each Collective or Class Member’s payment will represent liquidated damages or statutory interest. No withholdings will be made from the second half of each payment. The checks shall be sent by overnight courier with sufficient time so that they arrive at Class Counsel’s office by the deadlines required herein. Class Counsel will, in turn, mail out at their sole cost the checks to each Class Member and Collective Member’s last known address within fourteen (14) days of receipt of the payments from Defendants. To the extent that Class Counsel receives notice that its mail to a Class Member or Collective Member was returned, or if Class Counsel believes that the address they have for a Class Member or Collective Member is not accurate, the Defendants shall provide the last known telephone number and other contact information in the Defendants’ possession to the Class Counsel upon request to facilitate notice. 180 days after the issuance of payments as set forth above, the Defendants shall provide to the Plaintiffs a list showing any Class Members or Collective Members who did not cash their checks. At that time, payment shall be stopped on those individuals checks (or the checks shall be made so that they automatically expire within 180 days). Any uncashed checks shall be re-issued to the Illinois State Treasurer unclaimed property division in name of the Class Member or Collective Member who did not cash the check. If any check is not cashed within 180 days of mailing by Class Counsel, then 210 days after the checks were mailed, Defendants will send a replacement check to the Illinois Treasurer, Unclaimed Property Division so that the payments are held by the Illinois Treasurer in the name of the Class Member or Collective Member. Defendants shall provide Class Counsel with proof of such actions no later than 15 days following the issuance of the check to the Illinois Treasurer.
Sample 1
Issuance of Checks a. If a regular pay day during the school term falls on a day when school is not in session, unit members shall receive their checks on the last day prior thereto.
Sample 1

Related to Issuance of Checks

  • Issuance of Notes The Owner Trustee is hereby authorized and directed on behalf of the Trust to execute, issue and deliver the Notes pursuant to the Indenture.

  • Issuance of Payments Payments shall be delivered as follows:

  • Issuance of Bonds Subject to the satisfaction of and compliance with all of the provisions, covenants and requirements of this Agreement, in order to provide funds for the payment of the Project Costs, the Issuer has authorized the issuance and delivery of the Bonds to the Initial Purchaser in accordance with the Indenture.

  • Credit Checks 9.1 The Customer agrees that:

  • Credit Check You are authorized, in your discretion, should you for any reason deem it necessary for your protection to request and obtain a consumer credit report for the Customer.

  • Issuance of Certificates No later than three (3) business days following the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price pursuant to Section 3.3.1 or cashless exercise pursuant to Section 3.3.2, the Company shall issue, or cause to be issued, to the Registered Holder of such Warrant a certificate or certificates representing (or at the option of the Registered Holder, deliver electronically through the facilities of the Depository Trust Corporation) the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and, if such Warrant shall not have been exercised or surrendered in full, a new countersigned Warrant for the number of shares as to which such Warrant shall not have been exercised or surrendered. Notwithstanding the foregoing, the Company shall not deliver, or cause to be delivered, any securities without applicable restrictive legend pursuant to the exercise of a Warrant unless (a) a registration statement under the Act with respect to the shares of Common Stock issuable upon exercise of such Warrants is effective and a current prospectus relating to the shares of Common Stock issuable upon exercise of the Warrants is available for delivery to the Registered Holder of the Warrant or (b) in the opinion of counsel to the Company, the exercise of the Warrants is exempt from the registration requirements of the Act and such securities are qualified for sale or exempt from qualification under applicable securities laws of the states or other jurisdictions in which the Registered Holder resides. Warrants may not be exercised by, or securities issued to, any Registered Holder in any state in which such exercise or issuance would be unlawful. In addition, in no event will the Company be obligated to pay such Registered Holder any cash consideration upon exercise or otherwise “net cash settle” the Warrant.

  • Application of Payments or Proceeds Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments.

  • Issue of xxxxxxxx notices If you have not paid your bill by the pay-by date, we will send you a reminder notice that payment is required. The reminder notice will give you a further due date for payment which will be not less than 6 business days after we issue the notice.

  • Your Instructions You must accurately describe transaction beneficiaries, intermediary financial institutions, and the beneficiary’s financial institution in transfer and payment instructions. If you describe any beneficiary or institution inconsistently by name and number, other institutions and we may process the transaction solely on the basis of the number, even if the number identifies a person or entity different from the named beneficiary or institution.

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