Contract Payment Date definition

Contract Payment Date means, with respect to any Contract, each date on which a Contract Payment is or becomes due and payable thereunder.
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Contract Payment Date means the earliest of:
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Contract Payment Date. For each Contract, the date on which it matures, except that if the Contract matures on a day which is not a Business Day, the date shall be the next succeeding day which is a Business Day; provided, however, that (i) if a Contract would otherwise expire on a day which is not a Business but is a day of the month after which no further Business Day occurs in such month, the Contract Payment Date shall expire on the next preceding Business Day, and (ii) if a Contract Period begins on a day for which there is no numerically corresponding day in the calendar month in which the last day of such Contract Period falls, such Contract Period shall end on the last Business Day of such calendar month.
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Examples of Contract Payment Date in a sentence

  • Seller may prepay any Contract Payment by making a cash payment to Buyer, by wire transfer of immediately available funds to an account designated by Buyer, in an amount equal to the net present value as of the date of such prepayment (calculated by the Calculation Agent using a discount rate equal to the Treasury Rate for the period beginning on the date of such prepayment and ending on the Contract Payment Date on which such Contract Payment is due) of such Contract Payment.

  • The portion of this Note comprised of a LIBOR Portion may be prepaid only on the Contract Payment Date applicable thereto, provided that if any such LIBOR portions are prepaid during the first six (6) months after the effective date of this Note, Borrower shall also remit to Lender an amount equal to the Prepayment Premium.

  • On the final Contract Payment Date, which is the Maturity Date, the Contract Payment amount shall equal the Guaranteed Fund balance as of such date.

  • If Borrower shall fail to elect a new Contract on or before any Contract Payment Date, then so long as no Default has occurred and is continuing, on the Contract Payment Date, Lender shall convert any expiring Contract to a new LIBOR Portion having the same Contract Period as the expiring Contract.

  • The Credit Cardholder shall repay the amount due (the “Contract Payment Amount” in the Terms and Conditions) on the Contract Payment Date by account transfer from the depositary account with the Bank (the “Payment Account”) which has been pre-notified by the Credit Cardholder.

  • In case where the whole or any part of the Contract Payment Amount is not paid on the Contract Payment Date, where the whole or any part of the Credit Cardholder’s total debt obligations owing to the Bank is not paid when due, or where the Card Member’s use of cash advance service is considered inappropriate in view of the usage status of the Card Member, the creditworthiness of the Card Members, etc., then the Bank may suspend further use of the cash advance service or reduce the credit limit.

  • For the period commencing October 1, 2001 and ending on the Deferred Contract Payment Date, ACI shall pay 95% of the Seller's cost of performing the TNS Agreement.

  • For the period commencing on the Closing Date and ------------- ending on the Deferred Contract Payment Date, ACI shall pay 100% of the Seller's cost of performing the DGC Agreement.

  • If Borrower shall now or hereafter have a right to prepay such LIBOR Portion by operation of law or otherwise, or if Borrower shall elect to prepay a LIBOR Portion on a date other than a Contract Payment Date, such prepayment must be accompanied by a simultaneous payment of any Additional Cost, Funding Costs and accrued interest on any covering Contract which Lender may incur, attributable to any such LIBOR Portion which is being prepaid in whole or in part.

  • Depending on the Accredited Merchants, however, different cut-off date may be set for their sales and the payment may be required to be made on the Contract Payment Date after the aforesaid one.


More Definitions of Contract Payment Date

Contract Payment Date means any date on which Contract Payments are scheduled to be paid by the City under and pursuant to any Contract.
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Contract Payment Date. For each Contract, the date on which it matures, except that if the Contract matures on a day which is not a Banking Day, the date shall be the next succeeding day which is a Banking Day.
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Contract Payment Date means the date upon which a payment is due to CGL under the EDPSA;
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Contract Payment Date means the dates when the Price of the Contract will be paid, broken down as follows: 1st Payment.- 60% of the Price of the Contract of the part at lump-sum price, plus the amount really executed of the part that corresponds to unit prices on the Scheduled Provisional Acceptance Date of the first Unit, as long as Contractor has obtained Provisional Acceptance of the Unit in question on or before the Scheduled Provisional Acceptance Date of the first Unit. Exclusively for purposes of the 1st Payment, two months in advance Contractor must notify Commission in writing whether the Provisional Acceptance will be on or before the Scheduled Provisional Acceptance Date of the first Unit, for Commission begin the necessary negotiations and be able to make the corresponding payment. If Contractor does not obtain Provisional Acceptance of the first Unit on or before the Scheduled Provisional Acceptance Date of such Unit, but obtains it within the first 30 days after such date, within the first 30 days after the Provisional Acceptance Date of the first Unit Commission will make the payment, having been previously notified such Acceptance in writing 30 days before the Provisional Acceptance Date of the first Unit. If Contractor again fails to obtain Provisional Acceptance within aforementioned 30-day period, within the first three Months after it obtains Provisional Acceptance of the Unit, Commission will make the payment, having been previously notified in writing of such Acceptance two months in advance. And in case Contractor obtains Provisional Acceptance in advance before such two-month period, Commission will make the payment within the first three months after such Provisional Acceptance Date. 2nd Payment. 40% of the Contract Price of the part that corresponds to the lump-sum price and the part of unit prices which has been executed and not settled per the Project Completion Date. "SCHEDULED PROVISIONAL ACCEPTANCE DATE" in connection with any Unit, means the Critical Event Date according to which Contractor must have obtained Provisional Acceptance of such Unit.
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Related to Contract Payment Date

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Price Differential Payment Date means, with respect to a Purchased Mortgage Loan, the 5th day of the month following the related Purchase Date and each succeeding 5th day of the month thereafter; provided, that, with respect to such Purchased Mortgage Loan, the final Price Differential Payment Date shall be the related Repurchase Date; and provided, further, that if any such day is not a Business Day, the Price Differential Payment Date shall be the next succeeding Business Day.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

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

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Redemption Payment Date As defined in Section 13.1.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • Change of Control Payment Date has the meaning provided in Section 4.15.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;