Prepayment Program Sample Clauses

Prepayment Program. The parties mutually agree to a tuition and workshop/seminar/conference prepayment program. The parties agree that certain conditions need to govern the prepayment program. Those conditions include: 1. A reimbursement form prepared by the District will be used to gather information needed for prepayment. 2. A request to the District to process prepayment checks must be received in the Human Resources office in time to be processed with the next regular payroll. 3. Reimbursement to the member will be authorized as soon as reasonably possible after published information verifying actual costs is received in the Human Resources office. Registration is the responsibility of the member. 4. The member is responsible to repay the District the amount of prepayment made by the District and authorizes deduction from the member's paycheck that amount if the member 1) fails to submit a passing grade or certificate/receipt of attendance within thirty (30) calendar days of the end of the term in which the workshop/seminar/conference was taken; 2) drops the workshop/seminar/ conference; or 3) employment with the District is terminated prior to completion of the workshop/seminar/conference. 5. Each member will be required to sign an agreement to all of the terms and conditions stated above (plus authorization for any necessary payroll deduction) at the time of the twenty (20) day advance request for prepayment. The member, by signing such an agreement, will accept full responsibility for submitting all paperwork. Any payroll deduction invoked which is later reversed and the amount reimbursed to the member, will carry a $25.00 service fee to be withheld from the reimbursement. 6. If an employee receives prepayment for college courses, workshops, seminars, and conferences taken in summer, winter or fall term, a member may retain the amount of prepayment provided the member works for the District for at least thirty (30) calendar days following submission of the proof of having completed the applicable course with a passing grade or proof of attendance at workshop or conference. For such college courses, workshops, seminars, and conferences taken during spring term, a member must be employed on September 15 of the following school year to be entitled to retain the amount of the prepayment. However, in the event that a member is unable to meet the continued employment requirement of this provision because the member is laid off by the District, the requirement shall be waived...
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Prepayment Program. The parties mutually agree to a tuition and workshop/seminar/conference prepayment program. The parties agree that certain conditions need to govern the prepayment program. Those conditions include: 1. A reimbursement form prepared by the District will be used to gather information needed for prepayment. 2. A request to the District to process prepayment checks must be received in the Human Resources office in time to be processed with the next regular payroll. 3. Payout to the member will be authorized as soon as reasonably possible after published information verifying actual costs is received in the Human Resources office. Registration is the responsibility of the member. 4. The member is responsible to repay the District the amount of prepayment made by the District and authorizes deduction from the member's paycheck that amount if the member 1) fails to submit a passing grade or certificate/receipt of attendance within thirty (30) calendar days of the end of the term in which the workshop/seminar/conference was taken; 2) drops the workshop/seminar/ conference; or 3) employment with the District is terminated prior to completion of the workshop/seminar/conference.
Prepayment Program. On the Effective Date, Payor may elect to prepay up to twelve (12) months of payments. If Payor prepays the payments, then the monthly monitoring fee shall not be modified during the period for which Payor has prepaid. AR retains the right to modify the monthly monitoring fee when the prepayment period expires or if Payor declines to prepay the payments.
Prepayment Program. The parties mutually agree to a tuition and workshop/seminar/conference prepayment program. The parties agree that certain conditions need to govern the prepayment program. Those conditions include: 1. A reimbursement form prepared by the District will be used to gather information needed for prepayment (See Appendix D). 2. A request to the District to process prepayment checks must be received in the Human Resources office in time to be processed with the next regular payroll. 3. Payout to the member will be authorized as soon as reasonably possible after published information verifying actual costs is received in the Human Resources office. Registration is the responsibility of the member.

Related to Prepayment Program

  • Prepayment (a) Provided no Event of Default has occurred and is continuing, Borrower may voluntarily prepay the Indebtedness in full and not in part (i) only on or prior to the day that is two (2) years after the Start-Up Day, and such prepayment shall be subject to payment of Prepayment Premium, and (ii) only on or after the date which is sixty (60) days prior to the Maturity Date and there shall be no Prepayment Premium or penalty assessed against Borrower by reason of such prepayment; provided, however, that Borrower shall give to Lender at least fifteen (15) days prior written notice of any such prepayment. Any prepayment of the Loan shall be made on a Payment Date, and if any such prepayment is not made on a Payment Date, Borrower shall also pay to Lender interest calculated at the Interest Rate that would have accrued on such prepaid Principal Indebtedness through the end of the Interest Accrual Period in which such prepayment occurs. Notwithstanding the foregoing, Permitted Transfers, defeasance in accordance with Section 2.10 and Property Substitutions in accordance with Section 2.14 are not prepayments. (b) Subject to Section 8.40, at any time during the term of the Loan, if any Borrower is required by Lender under the provisions of any Mortgage to prepay the Loan or any portion thereof in the event of damage to or destruction of, or a Taking of any Individual Property, such Borrower shall pay any Insurance Proceeds or Condemnation proceeds in the following manner and order of priority (i) first, to prepay the Loan to the full extent of the Insurance Proceeds or the Condemnation Proceeds, as applicable, to the extent of the Allocated Loan Amount for the applicable Individual Property, and (ii) to the Borrowers. (c) All prepayments of the Indebtedness made pursuant to this Section shall be applied by Lender in accordance with the provisions of Section 2.7 hereof. (d) No Borrower shall be permitted at any time to prepay all or any part of the Loan except as expressly provided in this Section.

  • Prepayment Premium Borrower will be required to pay a prepayment premium in connection with certain prepayments of the Indebtedness, including a payment made after Lender’s exercise of any right of acceleration of the Indebtedness, as provided in the Note.

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section. (b) The Borrower shall notify the Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, on the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, New York City time, on the date of prepayment. In either case, such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.08, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.08. Promptly following receipt of any such notice relating to a Borrowing, the Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.12. (c) If, at any time, the total Credit Exposures exceed the Borrowing Base then in effect, the Borrower shall immediately (i) prepay Loans in an amount equal to such excess and (ii) if such excess is greater than the outstanding principal amount of the Loans at such time, the Borrower shall pay to the Agent an amount in immediately available funds equal to the amount by which the Credit Exposures exceed the Borrowing Base after giving effect to the payment made pursuant to clause (i) above to be held for the benefit of the Lenders and the Issuing Lender in accordance with the Collateral Documents to secure the payment of all reimbursement obligations in respect of any LC Disbursements arising from subsequent drawings under Letters of Credit issued hereunder. All or any portion of any amount paid to the Agent pursuant to clause (ii) above will be returned to the Borrower at its request accompanied by a certificate of a Financial Officer stating that, after giving effect to such return, the Credit Exposures will not exceed the Borrowing Base then in effect and no Default is continuing.

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