Early Payments definition

Early Payments consists of all capacity payments made by Company to Cogenerator in excess of the amount of such payments that would have been made had such payments been scheduled to start in 1989 and escalate at a 7.07% annual rate. To secure the refund of such Early Payments, Cogenerator shall furnish a surety bond, or other security, which may include pledge or encumbrance of properties or fuel reserves, satisfactory to Company, on or before the date of Partial Commercial Operation in an amount equal to the maximum amount of Early Payments which could be made under this Agreement given the date of Partial Commercial Operation. Cogenerator may from time to time reduce the amount of its bond or other security to an amount equal to its then remaining potential liability for refund of Early Payments as specified in Exhibit 10.08.
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Early Payments as defined in Section 4.6.
Sample 1

Examples of Early Payments in a sentence

  • However, Early Payments on any Assets for a Series on deposit in the Certificate Account that are not yet due to be passed through to Certificateholders on any Distribution Date may be remitted to the Distribution Account to offset delinquencies on other Assets for the same Series.

  • The Servicer shall maintain records with respect to its application of Early Payments.

  • If Early Payments on any Asset are used to offset delinquencies on other Assets, subsequent late recoveries of such delinquent amounts on such other Assets shall be treated by the Servicer as a restoration of the Early Payments used to offset such delinquent amounts and shall be deposited into the Certificate Account in accordance with Section 3.06(a) hereof.

  • Early Payments received by the Servicer shall be retained in the Certificate Account and transferred to the Distribution Account when and as if such Early Payments had otherwise been received by the Servicer as scheduled payments under the Assets.

  • If any Obligor fails to make a Monthly Payment by the related Remittance Date, the Servicer shall deposit such amount in the Distribution Account on or before such Remittance Date, as a "P&I Advance," unless the Servicer, in its reasonable judgment, determines that any such P&I Advance would be a Non-Recoverable Advance, or such Monthly Payment can be offset by Early Payments, as provided in Section 3.07(c) hereof.

  • If Early Payments on any Asset are used to offset delinquencies on other Assets, subsequent late recoveries of such delinquent amounts on such other Assets shall be treated by the Master Servicer as a restoration of the Early Payments used to offset such delinquent amounts and shall be deposited into the Certificate Account in accordance with Section 3.06(a) hereof.

  • Early Payments received by the Master Servicer shall be retained in the Certificate Account and transferred to the Distribution Account when and as if such Early Payments had otherwise been received by the Master Servicer as scheduled payments under the Assets.

  • Any Early Payments made by the NCAA or its insurers before the Third Payment is due shall be deducted from the amount due for the Third Payment.

  • The Master Servicer shall maintain records with respect to its application of Early Payments.

  • Any Early Payments made by the NCAA or its insurers before the Fourth Payment is due shall be deducted from the amount due for the Fourth Payment.

Related to Early Payments

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Early Payment Date (k) means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

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

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.

  • Termination Payments has the meaning specified in Section 10(a).

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Scheduled Payments has the meaning specified in the Note Policy.

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the Master Servicer or the Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • 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.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Untimely payment means a payment to a subcontractor that is more than 90 days past due under the terms and conditions of a subcontract for supplies and services for which the Government has paid the prime contractor.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

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

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Event Payments has the meaning set forth in Section 6.1(d).