Manner and time of payment definition

Manner and time of payment. Each amount payable under Clause 6.01 (Issuer to pay Fiscal Agent) shall be paid unconditionally by credit transfer in French Francs and in immediately available, freely transferable, cleared funds not later than 10.00 a.m. (Paris time) on the relevant day specified in Clause 6.01. The Issuer shall, before 10.00 a.m. (Local Time) on the second Business Day before the due date of each payment by it under Clause 6.01 (Issuer to pay Fiscal Agent), procure that the bank effecting payment for it confirms by authenticated SWIFT message MT100 to the Fiscal Agent the payment instructions relating to such payment indicating that they provide for payment for value on the relevant date.
Sample 1

Examples of Manner and time of payment in a sentence

  • Manner and time of payment of net tax and interest payable if any undersub-section (1) and sub-section(3) of section 33, before furnishing quarterly returns.40.

  • In order to provide for the payment of principal and interest in respect of the Notes as the same becomes due and payable, the relevant Issuer (or, in default, the Guarantor, where applicable) shall pay to the Fiscal Agent or, with respect to Dematerialised Instruments, the Italian Paying Agent, in accordance with Clause 6.2 (Manner and time of payment) below, an amount equal to the principal redemption and/or (as the case may be) interest amount falling due in respect of the Notes on such date.

  • Since the issue price of the RMB Shares has yet to be determined, as described in paragraph (5) of the section headed “II.

  • The datafold eigensolver wrapper should then select the best option for the given kernel matrix, depending on the parameters n_- eigenpairs, is_stochastic and is_symmetric.

  • If the Fiscal Agent has not, by 12.00 noon (London time) on the due date of any payment to it under Clause 7.1 (Issuer to pay Fiscal Agent), receivedconfirmation of the relevant payment instructions referred to in Clause 7.2 (Manner and time of payment), it shall forthwith notify the Issuer and the other Paying Agents.

  • In order to provide for the payment of principal and interest in respect of the Notes as the same becomes due and payable, the relevant Issuer (or, in default, the Guarantor, where applicable) shall pay to the Fiscal Agent or, with respect to Dematerialised Notes, the Italian Paying Agent, in accordance with Clause 6.2 (Manner and time of payment) below, an amount equal to the principal redemption and/or (as the case may be) interest amount falling due in respect of the Notes on such date.

  • In relation to a payment on a Note (other than a Dollar Note) represented by a DTC Global Note Certificate, subject to receipt of funds from the Issuing Entity pursuant to Clause 7.2 (Manner and time of payment) and Clause 11.2 (U.S. dollar conversion), the Principal Paying Agent shall transfer in immediately available, freely transferable, cleared funds, not later than 12.00 noon (London time) on the date of such payment, the Specified Currency Amount to the Exchange Agent.

  • If the Fiscal Agent has not, by 12.00 noon (London time) on the due date of any payment to it under Clause 7.1 I(ssuer to pay Fiscal Agent), received confirmation of the relevant payment instructions referred to in Clause 7.2 (Manner and time of payment), it shall forthwith notify the Issuer and the other Paying Agents.

Related to Manner and time of payment

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, including employee contributions picked up after August 1, 1982, pursuant to KRS 61.560(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, nineteen hundred fifty (1,950) hours for seven and one-half (7-1/2) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Schedule of Payments means the schedule of payments disclosed on a Contract.

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • Annual Rate of Pay means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.

  • hourly rate of pay means an employee's weekly rate of pay divided by thirty-five (35).

  • Real-Time Price means the Resource-Specific Settlement Interval LMP as defined in the CAISO Tariff. If there is more than one applicable Real-Time Price for the same period of time, Real-Time Price shall mean the price associated with the smallest time interval.

  • Real-time Prices means the Locational Marginal Prices resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • Regular rate of pay means the rate of pay the employee was receiving at the time maternity leave commenced, but does not include retroactive adjustment of rate of pay, acting pay, overtime, shift premium or any other form of supplementary compensation.

  • Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following: a) loadings; b) monetary allowances; c) overtime; and d) penalty rates.

  • Redemption Cut-Off Time means 5.00 p.m. Dublin time on the Business Day immediately preceding the relevant Dealing Day or such point as the Directors may determine in exceptional circumstances;

  • Real-time Offer means a new offer or an update to a Market Seller’s existing cost-based or market-based offer for a clock hour, submitted for use after the close of the Day-ahead Energy Market.

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Place of Payment when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by Section 301.

  • Semi-Annual Record Date means the "Record Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Ordinary rate of pay in Clause 17. - Annual Leave means the average rate the employee received for the four weeks preceding the taking of annual leave or the average rate received for the 12 months preceding such leave, whichever shall be the higher, provided that such average shall be computed taking into consideration any extra rates prescribed for night work, etc., and penalty rates for Sunday work where such work is part of the employee's normal working week of five days but excluding any amounts received by way of overtime or holiday penalty rates.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • Standard Rate means, for any day, a rate per annum equal to the Bank's announced Prime Rate minus 0% per annum, and each change in the Standard Rate shall be effective on the date any change in the Prime Rate is publicly announced as being effective.

  • Monthly Record Date means the "Record Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • The term "Record Date means the "Record Dates" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust. Section 1.01 (1) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following:

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.