Minimum Payment Required Sample Clauses

Minimum Payment Required. In recognition of the Lessee’s financial constraints and desire to continue providing services at Flagstaff Xxxxxxx Airport, the Lessor agrees to allow Lessee to make minimum monthly payments on its outstanding balance in the amount of $3,780.00 beginning September 20, 2009 and due on or before the 20th of each subsequent month. Said payments shall continue for a period of 18 months or until such time as the outstanding balance is paid in full. Further, Lessee agrees to submit timely payments for current monthly rent and fuel flowage fees due on or before the 20th of each month. The Lessee shall make the following payments to the Lessor on or before the 20th of each month: Arrearage Payment. 3780.00 Base Rental........................................ 2161.40 (to be adjusted yearly per the CPI formula set forth in Section 5.1.1 of the Lease Agreement) Fuel Flowage Fees ............................ TBD (based on rates set forth in Section 5 .1.5 of the Lease Agreement) The Lessee acknowledges and agrees that Lessee’s failure to make timely payments to the Lessor, as provided herein, shall constitute a material breach of the Lease Agreement and shall entitle the Lessor to seek the rights and remedies set forth in Article XV, TERMINATION BY LESSOR, of the Lease Agreement. All other terms and conditions of the Lease remain unchanged. LESSEE: Xxxxxxx Aviation, Inc. By: _ Title: Its authorized representative ACKNOWLEDGMENT. On this day of , 2020, before me, a Notary Public, personally appeared , known to be or satisfactorily proven to be the person whose name is subscribed to the foregoing instrument and acknowledged that he executed the same on behalf of Peabody Western Coal Company, for the purposes therein contained. Notary Public My Commission Expires: LESSOR: CITY OF FLAGSTAFF By: _ Coral Xxxxx, Mayor STATE OF ARIZONA } } ss. County of Coconino } ACKNOWLEDGMENT. On this day of , 2020, before me, a Notary Public, personally appeared Coral Xxxxx, known to be or satisfactorily proven to be the person whose name is subscribed to the foregoing instrument and acknowledged that she executed the same on behalf of the City of Flagstaff, for the purposes therein contained. Notary Public My Commission Expires: Attest: By: Xxxxx Xxxxxxxxx, City Clerk Approved as to form:
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Minimum Payment Required. You must pay at least the minimum payment required on each Payment Due Date shown on your statement which is calculated as shown in the Disclosure Statement.
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Related to Minimum Payment Required

  • 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.

  • Minimum Payments If the Executive’s Termination Date occurs during the Agreement Term for any reason, the Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive may be entitled under the following provisions of this Section 5 (other than this paragraph 5(a)) or the express terms of any employee benefit plan or as required by law:

  • Minimum Payment Due Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.

  • Minimum Pay The minimum time for which overtime compensation shall be paid under the provisions of Section 208.12 shall be two hours, except that if an employee, who has been notified to report for prearranged work outside of his/her regular work hours on workdays, continues to work into or beyond regular work hours, the employee shall be paid overtime compensation only for actual work time up to regular work hours, and for travel time as provided in Section 208.12 hereof. (Amended 1-1-91)

  • Payment Requirements ‌ If funding levels are significantly affected by state or federal budget and funds are not allocated and available for the continuance of the function performed by Subrecipient, the Contract may be terminated by the County at the end of the period for which funds are available. The County shall notify Subrecipient at the earliest possible time of any service, which will or may be affected by a shortage of funds. No penalty shall accrue to the County in the event this provision is exercised and the County shall not be obligated nor liable for any damages as a result of termination under this provision of this Contract, and nothing herein shall be construed as obligating the County to expend or as involving the County in any Contract or other obligation for future payment of money in excess of appropriations authorized by law.

  • OTHER PAYMENT REQUIREMENTS No payment is due for leave days, for days in which treatment is not provided, or for days on which the patient is absent from treatment (whether excused or unexcused).

  • Maximum Payment The maximum period or aggregate of periods of accident make-up pay to be made by an Employer will be a total of 39 weeks for any one injury.

  • Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the first day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract.

  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

  • Consent Required The affirmative vote, approval, consent or ratification of the Manager shall be required to:

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