Direction of Payment definition

Direction of Payment means a notice to each counterparty of a SkyMiles Agreement, substantially in the form of Exhibit F, which shall include instructions to such counterparties to pay all amounts due to Delta, Loyalty Co or any of their respective Affiliates under the applicable SkyMiles Agreement directly to the Collection Account.
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Direction of Payment means a notice to each counterparty of a Free Spirit Agreement, which shall include instructions to such counterparties to pay all amounts due to Spirit or any Subsidiary thereof under the applicable Free Spirit Agreement directly to the Loyalty Collection Account.
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Direction of Payment means a notice to a counterparty of an AAdvantage Agreement (other than the Intercompany Agreement), substantially in the form of Exhibit F, which shall include instructions to such counterparty to pay all amounts due to American, Loyalty Co or any of their respective Affiliates under the applicable AAdvantage Agreement directly to the Collection Account.
Sample 1

Examples of Direction of Payment in a sentence

  • No Loan Party shall revoke, or permit to be revoked, any Direction of Payment.

  • To accomplish these important responsibilities the ISO must have sufficient resources available and offered into its markets.

  • Further, upon, or anytime after, an Event of Default (including any event that would constitute an Event of Default with the giving of notice, passage of time or happening of any further condition, event or act), Lender may at its sole discretion deliver the Property Manager’s Irrevocable Direction of Payment executed by the Property Manager simultaneous with the Assignment of Property Management Agreement and attached thereto as Exhibit “C”.

  • Upon Lender’s delivery of the Property Manager’s Irrevocable Direction of Payment, the Property Management Fees shall be forthwith delivered to or at the direction of Lender for application to the Obligations.

  • The check indicates that it is for mold remediation.10 On May 27, 2004, Kenneth Charles Savage (hereafter, when referring to Kenneth Savage, the Court will use the singular “Savage”) signed an Authorization to Perform Services and Direction of Payment form (“First Authorization”),11 authorizing Servpro to perform the remediation work and Scottsdale to remit the funds approved for remediation directly to Servpro.

  • Other than as required pursuant to Section 5.14(b) for any successor account that becomes the MPH Revenue Account, no Loan Party shall revoke, or permit to be revoked, any Direction of Payment.

  • The Company and Parent Guarantors shall provide confirmation that (except as contemplated by Section 4.03(f)) a Direction of Payment has been delivered to each counterparty under a MileagePlus Agreement.

  • Hence, the enclosed check in the amount of $2,543.58 represents a refund of your contributions plus interest from RSP, as you requested in your Direction of Payment, and a distribution of the present value of your vested benefits as approved by the Advisory Committee.

  • Within fifteen (15) Business Days of MPH designating an account (other than the initial designated bank account) to be the MPH Revenue Account, each of MPH and the Parent Guarantors shall provide confirmation to the Trustee and the Master Collateral Agent that a new Direction of Payment, referencing the successor MPH Revenue Account, has been delivered to each counterparty under a MileagePlus Agreement.

  • Within fifteen (15) Business Days of the Company designating an account (other than the initial designated bank account) to be the MPH Revenue Account, each of the Company and the Parent Guarantors shall provide confirmation to the Collateral Administrator and the Master Collateral Agent that a new Direction of Payment, referencing the successor MPH Revenue Account, has been delivered to each counterparty under a MileagePlus Agreement.


More Definitions of Direction of Payment

Direction of Payment means a notice to each counterparty of a MileagePlus Agreement, which shall include instructions to such counterparties to pay all amounts due to MPH or a Parent Guarantor under the applicable MileagePlus Agreement directly to the MPH Revenue Account.
Sample 1
Direction of Payment means a notice to each counterparty of a MileagePlus Agreement, substantially in the form of Exhibit F, which shall include instructions to such counterparties to pay all amounts due to the Company or a Parent Guarantor under the applicable MileagePlus Agreement directly to the MPH Revenue Account.
Sample 1
Direction of Payment means a notice to each counterparty of a HawaiianMiles Agreement, which shall include instructions to such counterparties to pay all amounts due to Hawaiian Holdings or any Subsidiary thereof under the applicable HawaiianMiles Agreement directly to the Loyalty Collection Account.
Sample 1

Related to Direction of Payment

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • Debit Payment means a particular transaction where a debit is made.

  • Instructional day means a day within the instructional term which meets the following

  • Schedule of Payments means the schedule of payments disclosed on a Contract.

  • Guarantor of Payment means each of the Companies set forth on Schedule 2 hereof, that are each executing and delivering an Amended and Restated Guaranty of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Effective Date.

  • Alternative modes of instruction means modes of pupil instruction, other than in-person instruction, that may include, without limitation, partnerships with other districts or intermediate districts or community colleges or institutions of higher education, use of vendors, use of online learning, telephone communications, email, virtual instruction, videos, slideshows, project-based learning, use of instructional packets, or a hybrid of multiple modes of learning that still promote recommended practices for social distancing to mitigate the spread of COVID-CD.

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, or confirmation of wire or automated clearinghouse transfer, and any other information required to demonstrate that payment has been made according to the EPA requirements, in the amount due, and identified with the appropriate docket number and Respondent’s name.

  • Coordination of Benefits or “COB” means a provision establishing an order in which plans pay their claims, and permitting secondary plans to reduce their benefits so that the combined benefits of all plans do not exceed total allowable expenses.

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment].

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Note Payment Sequence means the application of Interest Proceeds in accordance with the Interest Proceeds Priority of Payments or the application of Principal Proceeds in accordance with the Principal Proceeds Priority of Payments, as applicable, in the following order:

  • Priority of Payments has the meaning specified in Section 9.01(a).

  • Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.

  • Instruction means a notification communicated to the issuer of an uncertificated security which directs that the transfer of the security be registered or that the security be redeemed.

  • appropriate procedures means procedures reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures were in place and transfer agent industry standards in place at the time of the occurrence.

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • Advance directive means a document that contains a health care instruction or a power of attorney for health care.

  • Withdrawal Opinion of Counsel has the meaning assigned to such term in Section 11.1(b).

  • Medicaid Notification of Termination Requirements Any Contractor accessing payments for services under the Global Commitment to Health Waiver and Medicaid programs who terminates their practice will follow the Department of Vermont Health Access, Managed Care Organization enrollee notification requirements.

  • Dispatch Instruction has the meaning set forth in the CAISO Tariff.

  • Request for Tender (RFT means the document(s) containing or referring to the Conditions of Tendering and Contract, the Annexure, Special Conditions of Contract (if any), Northern Territory Procurement Code, Scope of Services, Response Schedules, Drawings or Diagrams (if any) and any other document issued for the purposes of inviting tenders for the Services.