Payment of Debit Balance Sample Clauses

Payment of Debit Balance. If at any time the Independent Sales Representative owes any amount to the Brokerage and there are insufficient funds available from commissions generated by the Independent Sales Representative’s Real Estate Transactions to pay the Brokerage, the Independent Sales Representative shall pay such amount to the Brokerage immediately upon demand.
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Payment of Debit Balance. If on any day a Debit Balance exists in Seller’s account with Purchaser, then Seller shall immediately upon Purchaser’s demand, eliminate such Debit Balance by a payment to Purchaser in immediately available funds. Seller shall pay interest on any Debit Balance from the date it arises until fully eliminated at a rate per annum equal to the Prime Rate plus six (6%) percent. Accrued interest on a Debit Balance shall be payable on demand.
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Payment of Debit Balance. If at any time the Independent Sales Representative owes any amount to Tuskers Realty Inc. and there are insufficient funds in his or her ISR Commission Account to allow Tuskers Realty Inc. to pay such amount by withdrawal from such account pursuant to this section 7, the Independent Sales Representative shall pay amount to Tuskers Realty Inc. upon receipt of a demand thereof.
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Payment of Debit Balance. I shall pay H&S on demand by H&S at any time the full amount of losses, debit balances and deficiencies resulting from any transaction between myself and H&S, or from the operation of the Account by H&S on my behalf. Payment shall be made in such currencies as H&S may nominate from time to time, taking into account the currency of the Transaction.
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Related to Payment of Debit Balance

  • Cash Balance At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Cash Balances Uninvested cash balances in my Account will be automatically swept into the Xxxxxx Xxxxx Money Market Fund according to my previous elections and authorizations relating to the treatment of cash balances. I understand and agree that the Xxxxxx Xxxxx Money Market Fund is offered by an Xxxxxx Xxxxx affiliate and, as a result, Xxxxxx Xxxxx has a financial incentive to select the Xxxxxx Xxxxx Money Market Fund as the available cash option, instead of a third-party cash product.

  • Credit Balances No interest or other amount will be paid by the Custodian on any credit balance on an Allocated Account.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Payment Limitation Notwithstanding anything contained in this Amended Agreement (or in any other agreement between the Executive and the Company) to the contrary, to the extent that any payments and benefits provided under this Amended Agreement or any other plan or agreement of the Company (such payments or benefits are collectively referred to as the “Payments”) would be subject to the excise tax (the “Excise Tax”) imposed under Section 4999 of the Code, the Payments shall be reduced if and to the extent that a reduction in the Payments would result in the Executive retaining a larger amount, on an after-tax basis (taking into account federal, state and local income taxes and the Excise Tax), than he would have retained had he been entitled to receive all of the Payments (such reduced amount is hereinafter referred to as the “Limited Payment Amount”). The Company shall reduce the Payments by first reducing or eliminating payments or benefits which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the date the “Determination” (as defined in Section 7(b) below) is delivered to the Company and the Executive.

  • Treatment of Each Installment as a Separate Payment For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

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