Future Income definition

Future Income means any future potential source of money, and expressly includes a future pay or salary, pension, or tax refund.

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Future Income means those amounts that Student may receive in the future as income that will serve as the basis for calculating the Payments linked to a Student’s income.

Future Income means those amounts that Student may receive in the future as income that are used to calculate the Remittances. Such Remittance amounts are hereby sold, pledged, assigned, and/or transferred to Education Equity pursuant to this Agreement.

Examples of Future Income in a sentence

• This Agreement is not a sale, pledge, or assignment of your Future Income and Funder does not have a right under this Agreement to redirect, levy, or garnish any amounts that you receive from your employer or any other sources of income.

• You are, however, contractually obligated to make all Payments, including those that are calculated based upon your Future Income.

• Payments linked to the Student’s Future Income are due during this period, and student should make such payments according to the process outlined in the following section.

• Because this Agreement is based on Student's Future Income, Funder will not "accelerate" any amounts that are owed if Student fails to make payments or fails to provide required information (both, events of default under this Agreement).

• If the Student does not notify the Servicer within fourteen (14) days of an change in employment status, the Student will be liable for Future Income Remittances during the time between when he or she became Unemployed or Disabled and notification to the Servicer, based on his or her Personal Income level prior to the adverse event.

• In the event that Education Equity or Investor is required to file a lawsuit to collect the Future Income Remittances or any other payments under this Agreement, you agree that Education Equity or Investor may seek all Remittance and True-Up Payments that have come due as of the last-calculated amount and that these amounts will be binding, even if your actual Personal Income has changed.

• If the Student does not notify Education Equity within fourteen (14) days of the Student’s Personal Income being less than the Minimum Income, the Student will be liable for Future Income Remittances during the time between the time of the Student’s Personal Income being less than the Minimum Income and the notification.

• Upon these terms, and subject to the conditions set forth in this Agreement, Student issues and sells to Education Equity, and Education Equity purchases from Student the Remittance rights in the Future Income, free and clear of any liens (other than restrictions on transfer of securities under applicable U.S. state and federal securities laws).

• A statement of any past-due Future Income Remittances or past due True-Up Payments.

• Because this Agreement is based on Student's Future Income, Funder will not "accelerate" any amounts that are owed in the event that Student fails to make the Payment payments or fails to provide required information (both, events of default under this Agreement).

More Definitions of Future Income

Future Income means all Income due from the Property after any Date of Disclosure.

Future Income means the Income generated from contracts signed between a Local Authority (LA) and a London Ventures Partner to deliver a London Ventures product or service where there is a return to the London Ventures Programme after the cessation of the Agreement;