Installment Payment definition

Installment Payment has the meaning ascribed to it in Section 2.02(a).

Installment Payment means the partial payment of court debt which is divided into portions that are made payable at different times.

Installment Payment. As to any Qualified Loan and any Due Date, any payment of principal and/or interest thereon in accordance with the amortization schedule of such Qualified Loan (after adjustment for any curtailments occurring prior to the Due Date but before any adjustment to such amortization schedule by reason of any bankruptcy or similar proceeding or any moratorium or similar waiver or grace period).

Examples of Installment Payment in a sentence

• Each Installment Payment shall be treated as a separate payment for purposes of Treasury Regulations Section 1.409A-2(b)(2)(iii).

• For purposes of Section 409A (including, without limitation, for purposes of Section 1.409A-2(b)(2)(iii) of the Department of Treasury Regulations), the Executive’s right to receive the Severance Payment in the form of installment payments (the “Installment Payments”) shall be treated as a right to receive a series of separate payments and, accordingly, each Installment Payment shall at all times be considered a separate and distinct payment.

• Furthermore, if any date on which an Installment Payment is payable is not a Business Day, then payment of the Installment Payment on such date shall be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay.

• If an Installment Payment is payable for any period shorter or longer than a full Installment Payment Period, such Installment Payment shall be computed on the basis of the actual number of days elapsed per 30-day month.

• Each Installment Payment for any Installment Payment Period shall be computed on the basis of a 360-day year of twelve 30-day months.

More Definitions of Installment Payment

Installment Payment has the meaning set forth in Section 4.02(b).

Installment Payment has the meaning set forth in the Indenture.

Installment Payment means the total of all installment payments due and payable during the Base Term divided by the number of months in the Base Term.

Installment Payment has the meaning set forth in Section 3.4.

Installment Payment means an annual distribution, in cash, of a Deferred Participant’s Deferred Benefit over a period of years as provided for in Sections 6.1 and 6.2.

Installment Payment means a series of substantially equal annual payments of the Participant’s Account paid over a period ranging from two (2) whole years to ten (10) whole years. For purposes of this Plan, each Installment Payment is treated as a separate payment.

Installment Payment means a Principal Payment and the corresponding Interest Payment. The principal component of and the interest component of the Installment Payments are described in Exhibit A Schedule 2 hereto.