Due and payable definition

Due and payable means an amount due and payable in accordance with the Contract; and
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Due and payable means, with respect to Taxes and Other Charges, the date upon which, if the applicable Taxes or Other Charges are not paid, such Taxes or Other Charges become delinquent or begin accruing fees, charges, penalties and/or interest or the payee thereof becomes entitled to exercise any right or remedies for non-payment thereof.
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Due and payable means “must be paid now”.
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Examples of Due and payable in a sentence

  • The 4 days shall be sequential.• Occasional: Due and payable in full to the Market Manager on arrival.• Block Season: Due and payable in full to the Market Manager on arrival of first day of trading.• Full Season: Total of fees must be received by April 25 each season.

  • Due and payable after receipt of the final regular paycheck and last day of work, the teacher shall receive the award as a one-time contribution to a 403(b)/457 account designated by the employee with arrangements made by the employer that follow current practice.

  • WIll consider a few free conference registrations as incentive for leaderships.6. Collegiate advisory Board (College music professor.) Ask them to host collegiate chapter.

  • All lots or tracts of land in said Subdivision sold or conveyed, or used by the Lake Lotawana Development Company for purposes other than offering for sale or the general benefit of the entire Subdivision, by the Lake Lotawana Development Company shall be subject to an assessment toward the expense of construction of the sewer system and disposal plants in the sum of $89.00, Due and payable thirty days after the sewer has been laid to said lot or tract of land so that a connection can be made thereto.

  • Due and payable at least 30 days prior to first offer for sale of a SINGULEX KIT or SINGULEX SERVICE utilizing such MPI PRODUCT.

  • Overline Fee 0.50% per daily occurrence of Due and payable on the first the excess of indebtedness of day of each month for the Debtor over and above the preceding month.

  • Due and payable on the Commencement Date, Lessee shall pay to Lessor, a Security Deposit in an amount equal to one (1) month of the Basic Rent.

  • Convertible bonds and convertible notes (continued) Due and payable within one year$275 million 3.5% convertible bonds due 2014 (2014 Notes) As part of the Combination, the Group acquired $275 million in aggregate principal amount of 3.5% convertible bonds due 2014.

  • The entire unpaid principal amount of this Class A-2 Investor Note shall be Due and payable on the Class A-2 Final Maturity Date.

  • A large proportion of these crashes (81%) occurred on roads with speed limits at or above 100 km/h.


More Definitions of Due and payable

Due and payable. Date The meaning given in Section 10.4 (a)(C)(iii). EPC Contractor Abbreviation for Engineering, Procurement and Construction. It has the meaning as defined in section 10.3(a)(i) of this Agreement and in the Power Purchase Agreement. Expert The meaning given in Section 10.6 (a) and in Section 16.2(a). Force Majeure Event The meaning given in Section 13. Guaranteed Heating Value The meaning given in SCHEDULE B. Loading Point Certificate The meaning given in Sections 6, 7 and 11. two or more parties and whereby the broad terms applicable to one or several transactions are described. For instance, a master agreement can be signed in relation with derivatives or loans. In our case, it consists of this Coal Supply Agreement or Coal Sale and Purchase Agreement. operated by the Seller used to measure Coal at the Loading Point as described in SCHEDULE D. MT Abbreviation and symbol for Metric Ton. It is a metric unit of mass and is equal to 1,000 kg (2,204.62 lbs). It is the established spelling alternative to tonne. per SCHEDULE B. relevant entity from which a Consent is to be obtained from time to time and any authority body or other person having jurisdiction under the Laws of Nigeria with respect to the Buyer the Seller, the Project or this Agreement as the case may be. Shortfall Quantity The meaning given in Section 3.3(b). Site The land, waterways, roads, xxxxx and any rights acquired or to be acquired by the Buyer for the purposes of the Complex on, through above or below the ground on which all or on any part of the Complex is to be built, (including, without limitation. any working areas required by the Buyer and the contractors, villages, townships and camps for the accommodation of the employees of the Buyer and the contractors and all rights of way and access from public highways and where applicable, railway and seaward access) and as further described in SCHEDULE D. Term The meaning given in Section 2.1.
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Due and payable means (i) when used with reference to the principal of, premium or interest on the Indebtedness, or when referring to any and all other sums secured by this Mortgage or any other of the Subordinate Loan Documents shall mean due and payable, whether at the monthly or other date of payment or at the date or maturity specified in the Note, this Mortgage or other Subordinate Loan Documents or by acceleration or call for prepayment as provided in the Note, this Mortgage or the other Subordinate Loan Documents, and (ii) when used with reference to Impositions, the last day upon which any such charge may be paid without penalty or interest and prior to delinquency.
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Due and payable means the date as specified in the schedule for repayment for each repayment installment.
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Due and payable on the earlier to occur of:
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Due and payable when used with reference to the principal of, or premium or interest on, or when referring to any and all other sums secured by this Security Instrument shall mean due and payable, whether at the monthly or other date of payment or at the date of maturity specified in the Note or this Security Instrument; or, in the case of Impositions, the last day upon which any charge may be paid without penalty and/or interest.
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Due and payable means that Omnicare shall make any payments due hereunder on such earlier date as shall be required to provide MHS with good funds in hand on each of the designated due dates specified in the Payment Term section of this Agreement. Omnicare may defer payment with respect to any shortage in a shipment, but only to the extent of such shortage and only if Omnicare has notified MHS of such shortage within three (3) business days of receipt of the shipment.
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Related to Due and payable

  • Nonpayment of premium means the failure or inability of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance subject to this section, whether such payments are payable directly to the insurer or its agent or indirectly payable under a premium finance plan or extension of credit;

  • Repayment and “Repaid” shall have correlative meanings. For purposes of Section 4.04 and Section 4.07 and the definition of “Consolidated Fixed Charges Coverage Ratio,” Debt shall be considered to have been Repaid only to the extent the related loan commitment, if any, shall have been permanently reduced in connection therewith.

  • Repayment Price means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.

  • Cross Default Amount means, for a Party, the cross default amount, if any, set forth in the Cover Sheet for that Party.

  • Nonpayment means, with respect to any Payment Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Indenture.

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • Tax Event Upon Merger has the meaning specified in Section 5(b).

  • Acceleration as defined in Subsection 9.1(e).

  • Events of Default has the meaning specified in Section 6.01.

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.

  • Prepayment In Full With respect to any Mortgage Loan, a Mortgagor payment consisting of a Principal Prepayment in the amount of the outstanding principal balance of such loan and resulting in the full satisfaction of such obligation.

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Senior Non Preferred Liabilities means any unsubordinated and unsecured senior non preferred obligations (créditos ordinarios no preferentes) of Banco Santander under Additional Provision 14.2º of Law 11/2015 (including any Notes) and any other obligations which, by law and/or by their terms, and to the extent permitted by Spanish law, rank pari passu with the Senior Non Preferred Liabilities.

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.

  • Maturity Redemption Payment means an amount per Deposit to which you are entitled on the Maturity Date based on the performance of the Reference Portfolio which is equal to your Principal Amount x (1 + Variable Return).

  • Permitted Subordinated Debt means Indebtedness incurred by Credit Parties; provided that (i) such Indebtedness shall be subordinated in right of payment to the payment in full of the Obligations, (ii) such Indebtedness shall be either (x) unsecured or (y) secured by the Collateral on a junior basis (including with respect to the control of remedies) with the Obligations, (iii) if such Indebtedness is secured, the holders of such Indebtedness (or their senior representative or agent) and the Collateral Trustee shall be party to a subordination agreement reasonably satisfactory to the Requisite Holders, (iv) such Indebtedness shall not be at any time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors and the terms of such guarantee shall be no more favorable to the secured parties in respect of such Indebtedness than the terms of the Guarantee, (v) such Indebtedness shall have covenants, default and remedy provisions and other terms and conditions (other than interest, fees, premiums, funding discounts or optional prepayment or redemption provisions) that are substantially identical to, or less favorable to the investors providing such Indebtedness than, those set forth in this Indenture, (vi) the maturity date of such Indebtedness shall be no earlier than the date that is ninety one (91) days after the Stated Maturity Date, and (vii) there shall be no scheduled amortization of such Indebtedness, and such Indebtedness shall not be subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (except customary asset sale or change-of-control provisions that provide for the prior repayment in full of the Notes and all other Obligations), in each case prior to the date that is ninety one (91) days after the Stated Maturity Date.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Public moneys means all moneys belonging to, received by, or held by, the state, or any city, county, town, district, or public agency therein, or by an officer thereof acting in his or her official capacity, and includes the proceeds of all bonds and other evidences of indebtedness, trust funds held by public pension and retirement systems, deferred compensation funds held for investment by public agencies, and public moneys held by a financial institution under a trust indenture to which a public agency is a party.

  • Additional Debt With respect to any Mortgage Loan, any debt owed by the related Mortgagor to a party other than the lender under such Mortgage Loan that is secured by the related Mortgaged Property.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Repurchase Obligations shall have the meaning assigned thereto in Article 6(a).

  • Credit Event Upon Merger has the meaning specified in Section 5(b).

  • Defeasance Obligations means any of the following obligations:

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.