Monthly Purchase Amount definition

Monthly Purchase Amount. Monthly dollar amount specified by the Program for payment by the Purchaser on a Monthly Purchase Contract by the 15th day of each month.

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Monthly Purchase Amount means the monthly dollar amount specified by MET for a monthly purchase contract.

Monthly Purchase Amount has the meaning set forth in the Loan Purchase Agreement.

Examples of Monthly Purchase Amount in a sentence

The Purchaser may choose to pay any difference in plan cost either in a Lump Sum or through an amendment in the remaining Monthly Purchase Amount payments.
The Purchaser fails to comply with the terms of the Contract (other than failure to make a Monthly Purchase Amount payment by the monthly due date) and does not correct such failure within the time period provided in this Master Agreement.
A Purchaser under a Monthly Purchase option who makes a Lump Sum payment to complete the Total Contract Price before the final Monthly Purchase Amount is due will receive an Early Payoff Discount (currently 6.25%) on the unpaid remaining balance at the rate set annually by the Board (see Program Fee Chart).
Upon acceptance of a Monthly Purchase Amount or Lump Sum Payment, the Program will record payment in the Purchaser's account based on policies established by the Program Administrator.
If the Board institutes such a policy, a purchaser will have the option to (1) accept an amount determined by the Board, which may be less than the cumulative Monthly Purchase Amount or Lump Sum paid by the Purchaser pursuant to the Contract; or (2) choose to wait until the market value of the Trust Fund is sufficient, in the sole judgment of the Board to provide a Qualified/Non-qualified Refund equal to 100 percent of the cumulative Monthly Purchase Amount/Lump Sum made by the Purchaser.
Upon submittal of a Refund Request Form and acceptable documentation of the death or Disability, the Program will issue a Qualified Refund of the cumulative Monthly Purchase Amount or Lump Sum paid into the Contract, less any Program fees and contract benefits distributed on the Beneficiary’s behalf.
If a Monthly Purchase Amount is not paid by the 15th day of the month due, the Program will accept the payment only if it is accompanied by a Late Fee for Monthly Purchase (see Program Fees).
A Purchaser under a Monthly Purchase option who makes a Lump Sum payment to complete the Total Contract Price before the final Monthly Purchase Amount is due will receive an Early Payoff Discount on the paid remainder balance at the rate set annually by the Board (see Program Fee Chart).
Upon acceptance of a Monthly Purchase Amount or Lump Sum payment, the Program will record payment in the purchaser’s account based on policies established by the Program Administrator.
If the Planet Payment Revenue in any month is less than [*] of the aggregate Purchase Amount of DCC Transactions for that month (“Monthly Purchase Amount”), then (i) the Program Costs will be reduced by the amount necessary to cause the Planet Payment Revenue to be [*] of the Monthly Purchase Amount * Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.

More Definitions of Monthly Purchase Amount

Monthly Purchase Amount means the monthly dollar amount specified by the Program for payment of a monthly purchase contract.

Monthly Purchase Amount means a portion of the Available Amount equal to the Monthly Base Amount for such Monthly Period plus the Monthly Base Amount for any prior Monthly Periods which has not been previously used to purchase Common Stock pursuant to Section 2 hereof; PROVIDED, HOWEVER, that to the extent that the Company exercises its Mandatory Purchase Rights, the Monthly Purchase Amount for any remaining Monthly Periods shall be reduced by any amount subject to the Mandatory Purchase Rights in reverse chronological order (I.E., the Monthly Purchase Amount for the last remaining Monthly Period shall be reduced first); PROVIDED FURTHER, on or after the _____________, [INSERT DATE THAT IS SIX MONTHS FROM THE CLOSING DATE], the Monthly Purchase Amount shall thereafter be the entire remaining Available Amount.

Monthly Purchase Amount means the monthly dollar‌

Monthly Purchase Amount means a portion of the Available Amount equal to the Monthly Base Amount for such Monthly Period plus the Monthly Base Amount for any prior Monthly Periods which has not been previously used to purchase Common Stock pursuant to Section 2 hereof; PROVIDED, HOWEVER, that to the extent that the Company exercises its Mandatory Purchase Rights, the Monthly Purchase Amount for any remaining Monthly Periods shall be reduced by any amount subject to the Mandatory Purchase Rights in reverse chronological order (I.E., the Monthly Purchase Amount for the last remaining Monthly Period shall be reduced first); provided further, on or after the Maturity Date, the Monthly Purchase Amount shall thereafter be the entire remaining Available Amount.

Monthly Purchase Amount has the meaning set forth in the Loan Purchase Agreement. “Non-Acceleration LPA Termination Event” has the meaning set forth in Section 9.7(a). “Non-Public Personal Information” means any “non-public personal information” (as such term is defined in the ▇▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Act and/or the regulations implementing the provisions of such law and relevant state law) 5 CONFIDENTIAL TREATMENT [***] indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the SEC. and other personally identifiable information relating to existing or prospective borrowers of the Company and its Subsidiaries and their existing or prospective co-signors and guarantors (if applicable). “Nonqualifying Income” means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not qualifying income that is described in Section 856(c)(3) of the Code. “Omnibus Agreement” means the Omnibus Agreement dated as of the date hereof by and among Warrant Holder, the Company and Prosper Funding. “OFAC” has the meaning set forth in Section 7.1(o)(iii). “Permit” means any, in each case material, permit, approval, consent, authorization, license, variance, or permission required by a Governmental Entity. “Person” means all natural persons, corporations, limited partnerships, general partnerships, joint stock companies, limited liability companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and federal and state governments and agencies or regulatory authorities and political subdivisions thereof, or any other entity. “Pre-Closing Purchase Credit Amount” means an amount equal to $[***]. “Pre-Closing Purchase Credit Series F Warrant Shares” has the meaning set forth in Section 9.1. “Proposed Additional Warrant Exercisability Closing Statement” has the meaning set forth in Section 9.5(a). “Proposed End-Of-Term Closing Statement” has the meaning set forth in Section 9.5(a). “Proposed Monthly Closing Statement” has the meaning set forth in Section 9.5(a). “Prosper Funding” has the meaning set forth in the recitals to this Agreement. “Purchaser” has the meaning set forth in the recitals to this Agreement. [***] [***] [***] “Reorganization” has the meaning set forth in Section 4.1(c). “Related Party” means (a) any of the Company’s or any of its Subsidiaries’ current directors, “C-leve...