Xxxxx Reduction Payment Sample Clauses

Xxxxx Reduction Payment. With respect to each Locality that has amounts on deposit in its Proceeds Accounts on and after November , 2024, VPSA shall cause the Rebate Calculation Agent to compute, as of each Computation Date, the amount that such Localitymust pay as a Yield Reduction Payment pursuant to Treas. Reg. Section 1.148-5(c) in order to cause the Yield on the investment of any amounts in the Proceeds Account on and after November , 2024, for any such amounts related to refunding a Locality'sprior debt as described in the Locality's signature page hereto, to be less than or equal to the VPSABond Yield. The calculation of such Yield Reduction Payment shall not take into account any investment activity prior to November , 2024. Such amount shall be the "Locality Yield Reduction Payment" as of the Computation Date.
Sample 1
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Xxxxx Reduction Payment. With respect to each Locality that has amounts on deposit in its Proceeds Accounts on and after May 16, 2026, or August 16, 2023, for any such amounts related to refunding a Locality's prior debt as described in the Locality's signature page hereto, VPSA shall cause the Rebate Calculation Agent to compute, as of each Computation Date, the amount that such Locality must pay as a Yield Reduction Payment pursuant to Treas. Reg. Section 1.148-5(c) in order to cause the Yield on the investment of any amounts in the Proceeds Account on and after May 16, 2026, or August 16, 2023, for any such amounts related to refunding a Locality's prior debt as described in the Locality's signature page hereto, to be less than or equal to the VPSA Bond Yield. The calculation of such Yield Reduction Payment shall not take into account any investment activity prior to May 16, 2026, or August 16, 2023, for any such amounts related to refunding a Locality's prior debt as described in the Locality's signature page hereto. Such amount shall be the "Locality Yield Reduction Payment" as of the Computation Date.
Sample 1
Xxxxx Reduction Payment. With respect to each Locality that has amounts on deposit in its Proceeds Accounts on and after [November 9], 2026, VPSA shall cause the Rebate Calculation Agent to compute, as of each Computation Date, the amount that such Locality must pay as a Yield Reduction Payment pursuant to Treas. Reg. Section 1.148-5(c) in order to cause the Yield on the investment of any amounts in the Proceeds Account on and after [November 9], 2026, to be less than or equal to the VPSA Bond Yield. The calculation of such Yield Reduction Payment shall not take into account any investment activity prior to [November 9], 2026. Such amount shall be the "Locality Yield Reduction Payment" as of the Computation Date.
Sample 1

Related to Xxxxx Reduction Payment

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • E-PAYMENT Contractor agrees to accept all payments in United States currency via the State of Mississippi’s electronic payment and remittance vehicle. The agency agrees to make payment in accordance with Mississippi law on “Timely Payments for Purchases by Public Bodies,” which generally provides for payment of undisputed amounts by the agency within forty-five (45) days of receipt of invoice. Mississippi Code Annotated § 31-7-301 et seq.

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Consideration Payment 5.1 In consideration of the Company’s Services, the Client shall pay to the Company the Consideration to be stipulated in the Termsheet and all reasonable out of pocket expenses (if any) in accordance with the commercial terms and payment terms as detailed in the Separate Agreement.

  • Calculation of Termination Payment If an Early Termination Date has been declared, the Non-Defaulting Party shall calculate, in a commercially reasonable manner, the Termination Payment in accordance with this Section 10.3.

  • Payment of Termination Payment The Defaulting Party shall make the Termination Payment within ten (10) Business Days after such notice is effective, regardless whether the Termination Payment calculation is disputed. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall within ten

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

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