Mandatory Payment definition

Mandatory Payment and “Mandatory Payments” shall mean, individually or collectively as the context may require, any and all mandatory payments required to be made on the Loan pursuant to Section 1.5 of this Agreement.

Mandatory Payment means an amount determined by a provider that a consumer is required to pay

Mandatory Payment means, as of each Scheduled Payment Date, the sum of accrued interest and principal on the Loans (including, without duplication, Mandatory Principal and interest, any amounts required to be paid pursuant to Section 2.1(f)(ii) and any Target Debt Sweep Amount) that are due and payable in cash on such Scheduled Payment Date.

Examples of Mandatory Payment in a sentence

• In the event that Company shall subsequently determine that the actual amount was greater than the amount set forth in such Officer's Certificate, Company shall promptly make an additional Mandatory Payment in an amount equal to the amount of such excess, and Company shall concurrently therewith deliver to Administrative Agent an Officer's Certificate demonstrating the derivation of the additional amount resulting in such excess.

• Upon the occurrence of a Mandatory Payment Event or a Mandatory Partial Payment Event, all Deferred Interest Payments will become mandatorily due and payable in full on the date of either such event, notwithstanding any further Deferral Notice or an occurrence or continuance of a Required Deferral Condition.

• Notwithstanding the foregoing, if applicable law requires Buyer to pay Seller on or before a date that is earlier than the Normal Payment Date (the “Mandatory Payment Date”), then Buyer will pay Seller on or before the Mandatory Payment Date but will be entitled, unless applicable law provides otherwise, to take an early payment reduction of 0.0333% of the gross invoice price for each day before the Normal Payment Date that it initiates payment.

• This includes Mandatory Payment Reductions in the Medicare Program – “Sequestration.” In general, Medicare claims with dates-of-service or dates-of-discharge on or after April 1, 2013 incur a 2 percent reduction in Medicare payment.

• Military Pay Administrative Instructions (MPAI) 7-5 provides the instructions for completion of form DND 2393Authorization of Leave Accumulation or Mandatory Payment in Lieu of Annual Leave for Regular Force.

More Definitions of Mandatory Payment

Mandatory Payment means any amount described in subsections 2.4A(ii)(a)-(e) to be applied as a prepayment of the Loans and/or the CPIH Revolver Loans and/or a permanent reduction of the CPIH Revolver Commitments, as determined pursuant to subsection 2.4A.

Mandatory Payment means any amount described in subsections 2.3A(i)(a)-(f) to be applied to repay funded amounts under Letters of Credit or to cash collateralize Letter of Credit Exposure, as determined pursuant to subsection 2.3A.

Mandatory Payment means any amount described in subsections 2.4A(iii)(a)-(g) to be applied as a prepayment of the Revolving Loans, as a permanent reduction of the Commitments, to repay funded amounts under Letters of Credit and/or to cash collateralize Letter of Credit Exposure, in each case as determined pursuant to subsection 2.4A.

Mandatory Payment shall have the meaning set forth in Section 6(a)(i).

Mandatory Payment shall have the meaning ascribed to such term in Section 4(b).

Mandatory Payment means an amount determined by

Mandatory Payment means an amount that a consumer must pay to