First Payment Date definition
Examples of First Payment Date in a sentence
Any installment payments that would have been made to Executive during the thirty (30) day period immediately following Executive’s Separation from Service but for the preceding sentence shall be paid to Executive on the First Payment Date and the remaining payments shall be made as provided in this Agreement.
On the First Payment Date and each Monthly Payment Due Date thereafter to but excluding the Maturity Date, Borrower shall pay interest on the unpaid Principal which has accrued through and including the last day of the Interest Period immediately preceding such Monthly Payment Due Date.
Buyer shall be in default under this Agreement if (a) Buyer fails to make any payment of the Purchase Price on or within three business days of the applicable Payment Date (excluding the First Payment Date of January 5, 2026), time being of the essence, or (b) Buyer fails to pay any other amount due under this Agreement when due.