Delinquent Payment definition

Delinquent Payment is defined in Section 12.4.4.

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Delinquent Payment means, as to any Loan, with respect to any Due Period, any payment or portion of a payment that was originally scheduled to be made during such Due Period under such Loan (after giving effect to any reduction in the principal amount deemed owed on such Loan by the Obligor) and was not received or applied during such Due Period and deposited in the Certificate Account, whether or not any payment extension has been granted by the Servicer; provided, however, that with respect to any Liquidated Loan, the payment scheduled to be made in the Due Period in which such Loan became a Liquidated Loan shall not be deemed a Delinquent Payment.

Delinquent Payment means, as to any Contract, with respect to any Due Period, any payment or portion of a payment that was originally scheduled to be made during such Due Period under such Contract (after giving effect to any reduction in the principal amount deemed owed on such Contract by the Obligor, as described in Section 6.01(a)(ii)) and was not received or applied during such Due Period and deposited in the Certificate Account, whether or not any payment extension has been granted by the Servicer; provided, however, that with respect to any Liquidated Contract, the payment scheduled to be made in the Due Period in which such Contract became a Liquidated Contract shall not be deemed a Delinquent Payment.

Examples of Delinquent Payment in a sentence

• The foregoing provisions shall be in addition to any other remedies the Agent, the Performing Lenders or the Company may have under law or equity against the Delinquent Lender as a result of the Delinquent Payment or against the Nonperforming Lender as a result of its failure to perform its obligations under Section 2.

• Upon notice by the Agent, the Company will pay to the Agent the principal (but not the interest) portion of the Delinquent Payment.

• During the Delinquency Period, in order to make reimbursements for the Delinquent Payment and accrued interest thereon, the Delinquent Lender shall be deemed to have assigned to the Agent all interest, commitment fees and other payments made by the Company under Section 3 that would have thereafter otherwise been payable under the Credit Documents to the Delinquent Lender.

• Such report shall state (i) for each instance in the applicable calendar month in which a payment due under Section 7 was not timely made, the amount of the delinquent payment, the number of calendar days or partial calendar days from the date the payment was due under Section 7 until the date the payment was made to Developer (or until the end of the calendar month if not yet paid) and (ii) TxDOT’s calculation of the Delinquent Payment Deduction, if any, for that calendar month.

• The Delinquent Payment Deduction shall be payable as a monthly adjustment in accordance with Section 6(i).

More Definitions of Delinquent Payment

Delinquent Payment means, with respect to any Lender, any amount required to be paid over by such Lender to any Agent, the LC Issuer or any other Lender hereunder or under any other Loan Document and not paid by the required date (after giving effect to any applicable grace period).

Delinquent Payment has the meaning set forth in Section 3.3(b).

Delinquent Payment means, as to any Loan, with respect to any Due Period, any payment or portion of a payment of principal or interest that was originally scheduled to be made during such Due Period under such Loan (after giving effect to any reduction in the principal amount deemed owed on such Loan by the Obligor) and was not received or applied during such Due Period, whether or not any payment extension permitted under Section 5.06(f) has been granted by the Servicer.

Delinquent Payment is defined in Section 11.4.3.

Delinquent Payment means payment for Services that has not been made timely by Subscriber to Provider.

Delinquent Payment means any C-PACE Loan payment that was not paid by a Borrower in accordance with the Loan Documents.

Delinquent Payment means the failure of a retail liquor store to make payment to a wholesale dealer for liquor on or before the 15th day of the month following delivery by the wholesale dealer.