Common Due Date definition

Common Due Date. (1) the fifth day of a calendar month if the Product Financing Period or A/R Advance Term, whichever is applicable, expires on the first through tenth of such calendar month; (2) the fifteenth day of a calendar month if the Product Financing Period or A/R Advance Term, whichever is applicable, expires on the eleventh through twentieth of such calendar month; and (3) the twenty-fifth day of a calendar month if the Product Financing Period or A/R Advance Term, whichever is applicable, expires on the twenty-first through the last day of such calendar month.
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Common Due Date means any of the fifth (5th), fifteenth (15th) and twenty-fifth (25th) days of each month and, with respect to each Advance, shall be determined on the basis of a year of twelve 30 day months. Each Advance for Financed Products shall accrue a finance charge on the unpaid principal amount thereof, for each day commencing on the day after the Free Financing Period, if any, for such Advance ends, or if no such Free Financing Period shall be in effect, from the date of invoice for such Advance, in each case, until the date such Advance is due pursuant to the preceding sentence, at a rate per annum (the "Base Finance Charge") equal to the sum of the Prime Rate for such day plus 0.875% (or such other rate Borrower and IBM Credit may agree to from time to time). For Working Capital Advances, such finance charge will be as specified in Section 3(d). Borrower shall also pay IBM Credit: (i) a service charge in the amount of $4,000 per month (or such other amount as Borrower and IBM Credit may agree to from time to time), (ii) a flat fee of nine (9) basis points on the amount of each invoice financed by IBM Credit when payments by Borrower to IBM Credit are made via check (there shall be no such flat fee when payments by Borrower to IBM Credit are made via wire transfer) and (iii) a fee equal to .25% of the amount of each unpaid Shortfall Amount (including any unpaid Daily Shortfall Amount) payable to IBM Credit. The charges due for such advances, including but not limited to the service charge and the other fees referenced above, if applicable, will be due and payable on the 10th day of the month following the date of the IBM Credit invoice for such charges.
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Common Due Date. Section 3(a).
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Examples of Common Due Date in a sentence

  • Such fee shall be due and payable on the Common Due Date for such Product Advance.

  • Each Product Advance shall be due and payable on the Common Due Date for such Product Advance.

  • Customer shall repay each Product Advance no later than the Common Due Date for such Product Advance.

  • Notwithstanding any other provision of this Agreement, Customer shall not (i) request more than one PRO Advance in respect of any Product Advance; and (ii) request a PRO Advance for any Common Due Date on which Customer will take a discount offered by IBM Credit for invoice amounts paid in full within fifteen days of the invoice date under IBM Credit's High Turnover Option ("HTO") Program.

  • Common Due Date – Two or more feeder association members that have the same due date and cattle are managed as a group/family account.

  • If the amount available for the purchase of an Insurance Policy is insufficient to provide the minimum purchase amount as specified by the Insurer, no Insurance Policy shall be purchased until the Common Due Date on which the amount available is sufficient.

  • Before delivery, the Supplier shall register the vehicle with the Department of Transport to Council’s Common Due Date of 1 September, Number 818 and pay the initial fee.

  • Customer cannot use the PRO to reschedule any Product Advance or part thereof on any Common Due Date on which Customer will take a discount offered by IBM Credit for invoice amounts paid in full within fifteen (15) days of IBM Credit's Date of Note.

  • The Request for PRO Advance shall specify (i) the amount of the PRO Advance the PRO Advance Term for such PRO Advance; and (ii) for each PRO Advance, the month, day and year of the Common Due Date, as set forth in Borrower's applicable billing statement from IBM Credit, for the Product Advance to which the PRO Advance is to be applied.

  • Notwithstanding any other provision of this Agreement, Borrower shall not (i) request more than one PRO Page 12 of 47 Advance in respect of any Product Advance; and (ii) request a PRO Advance for any Common Due Date on which Borrower will take a discount offered by IBM Credit for invoice amounts paid in full within fifteen days of the invoice date under IBM Credit's High Turnover Option ("HTO") Program.


More Definitions of Common Due Date

Common Due Date. (1) the fifth day of a calendar month if the Free Financing Period expires on the first through tenth of such calendar month; (2) the fifteenth day of a calendar month if the Free Financing Period expires on the eleventh through twentieth of such calendar month; and (3) the twenty-fifth day of a calendar month if the Free Financing Period expires on the twenty-first through the last day of such calendar month.
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Common Due Date. (1) the fifth day of a calendar month if the A/R Advance Term expires on the first through tenth of such calendar month; (2) the fifteenth day of a calendar month if the A/R Advance Term expires on the eleventh through twentieth of such calendar month; and (3) the twenty-fifth day of a calendar month if the A/R Advance Term expires on the twenty-first through the last day of such calendar month.
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Common Due Date as defined in Section 3.3 of this Addendum.
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Common Due Date means the date, if any, set forth in Exhibit 4 as of which Insurance Policies may be purchased for a Participant.
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Related to Common Due Date

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Bill Due Date means thirty (30) calendar days from the bill date.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Balance Due Date means the date shown below in Section 2.4(6) as the date when the Mortgage matures. On this date the Mortgage must be repaid or renewed.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.

  • Class A-4 Final Scheduled Payment Date means the Payment Date in February 2024.

  • Bid Due Date means Bid Submission end date and time given in the E-tender

  • Due Date The day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

  • Proposal Due Date means the date and time specified in the Proposal Invitation, or any addenda thereto, by which Vendors are required to submit Proposals for this Proposal Invitation.

  • Acceleration Date on any Security means the date, if any, on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accelerated pursuant to the terms of the Security.

  • Desired Due Date means the desired service activation date as requested by CLEC on a service order.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Class A-4 Final Scheduled Distribution Date means February 15, 2024.

  • Installment Date as defined in Section 2.12.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2028.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Class A-2 Final Scheduled Distribution Date means the Distribution Date.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Class A-2 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Accretion Termination Date As defined in the Series Supplement.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.