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Netting of Payments definition

Netting of Payments. Sub-paragraph (ii) of Section 2(c) will not apply.
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Netting of Payments. Either party may notify the other in writing, not less than one Local Business Day in advance of one or more Scheduled Payment Dates, that with regard to payments due on that date, Multiple Transaction Payment Netting will apply; provided that no such notice shall be required with respect to any Transaction if the related Confirmation expressly provides that Multiple Transaction Payment Netting will apply. Except to the extent that such advance written notice shall have been given or as is specified in a related Confirmation, subparagraph Multiple Transaction Payment Netting will not apply for purposes of Section 2(c) of this Agreement.
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Netting of Payments. Sub-paragraph (ii) of Section 2(c) of this Agreement will apply.
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Examples of Netting of Payments in a sentence

  • On the Monthly Settlement Date, Buyer will pay to Seller, or Seller will pay to the Buyer, as the case may be, the total amount due in the applicable Invoice, subject to Section 7.5 (Netting of Payments).

  • Pursuant to paragraph 13 (Netting of Payments) of Part 4 of the Schedule and for the avoidance of doubt, on any Fixed Rate Payer Payment Date, Auction Settlement Date or Cash Settlement Date, the aggregate of any amount that becomes payable under this Master Transaction by a party and any amount that becomes payable under the relevant Component Transaction(s) by the other party will be equal to zero.

  • Pursuant to paragraph 13 (Netting of Payments) of Part 4 of the Schedule and for the avoidance of doubt, on any Fixed Rate Payer Payment Date, Auction Settlement Date or Cash Settlement Date, the aggregate of any amount that becomes payable under this Master Transaction by a party and any amount that becomes payable under the relevant Component Single Name Transaction(s) by the other party will be equal to zero.

  • This Agreement shall be governed by and construed in accordance with English law.(l) Netting of Payments.

  • Netting of Payments under Certificate Swap Notwithstanding anything to the contrary in this Confirmation, if for any Calculation Period, Floating Amount I is greater then Floating Amount II, than DBAG’s netted payment under this Confirmation shall be the greater of (i) zero and (ii) (a) (Floating Amount I minus Floating Amount II) minus (b) the Class I-A-1 Amount (as defined in the Pooling and Servicing Agreement).

  • On the Monthly Settlement Date, Buyer will pay to Seller, or Seller will pay to the Buyer, as the case may be, the total amount due in the applicable Invoice, subject to Section 5.5 (Netting of Payments).

  • The senior management teams of these entities have been directed to do so.Capital Expenditure during the 2017/18 fiscal year was also subjected to restraint and is expected to come in at $153 million, down from the budgeted $230 million.However, during the year, a detailed review by the Ministry of Finance, the Central Bank and advisors determined that a modification of the accounting treatment of payments to RESOLVE was necessary.

  • Set-off and Netting of Payments .................................

  • Pursuant to paragraph 13 (Netting of Payments) of Part 4 of the Schedule and for the avoidance of doubt, on any Fixed Rate Payer Payment Date, Auction Settlement Date or Cash Settlement Date, the aggregate of any amount thatbecomes payable under this Master Transaction by a party and any amount that becomes payable under the relevant Component Single Name Transaction(s) by the other party will be equal to zero.

  • With respect to the Netting of Payments and the due date therefor, or for any provision not provided for in the underlying Agreements, any conflict between the terms, conditions and covenants of this Netting Agreement and the Agreements shall be resolved in favor of this Netting Agreement.


More Definitions of Netting of Payments

Netting of Payments. Either party may notify the other in writing, not less than one Local Business Day in advance of a Scheduled Payment Date, that with regard to payments due on that date, subparagraph (ii) of Section 2(c) of this Agreement will not apply. Except to the extent that such advance written notice shall have been given, subparagraph (ii) of Section 2(c) will apply. Part 5 Other Provisions (a) SET-OFF. Section 6 of the Agreement is amended by adding the following new subsection 6(f):
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Netting of Payments. Subparagraph (ii) of Section 2(c) of the Agreement will apply to all Transactions under the Agreement.
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Netting of Payments. Either party may notify the other in writing, not less than one Local Business Day in advance of one or more Scheduled Settlement Dates, that with regard to payments due on that date, Multiple Transaction Payment Netting will apply; provided that no such notice shall be required with respect to any Transaction if the related Confirmation expressly provides that Multiple Transaction Payment Netting will apply. Except to the extent that such advance written notice shall have been given or as is specified in a related Confirmation, Multiple Transaction Payment Netting will not apply for purposes of Section 2(c) of this Agreement. The starting date for the election commences upon entering the first Transaction under the Agreement with respect to either of the above groups of Transactions.
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Netting of Payments. Sub-paragraph (ii) of Section 2(c) will apply.
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Netting of Payments. Section 2(c)(ii) of the Agreement shall apply to payments made with respect to this Transaction.
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Netting of Payments. Notwithstanding Section 2(c) of the Agreement, if on any Payment Date, but for this provision, a net payment would be payable by Party B, such payment shall be made on the Period End Date immediately following such Payment Date. If on a Payment Date a net payment would be payable by Party A, such payment shall be made on the Payment Date.
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Related to Netting of Payments

  • Due Date of Payment means the date on which the amount payable by the DISCOM to the solar power developer hereunder for Delivered Energy, if any, supplied during a billing month becomes due for payment, which date shall be thirty (30) days from the meter reading date provided the bill is received by DISCOM within 5 working days from meter reading date, and in the case of any supplemental or other bill or claim, if any, the due date of payment shall be thirty (30) days from the date of the presentation of such bill or claim to the designated officer of DISCOM. If the last date of payment falls on a holiday, the next working date shall be considered as last date.

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

  • 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.

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

  • 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.

  • Priority of Payments The meaning specified in Section 11.1(a).

  • Debit Payment means a particular transaction where a debit is made.

  • 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, and shall include employee contributions picked up after August 1, 1982, pursuant to KRS 78.610(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, one thousand nine hundred fifty (1,950) hours for seven and one-half (7.5) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • 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;

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

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

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • 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, shift premium, overtime or any other form of supplementary compensation.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, or confirmation of wire or automated clearinghouse transfer, and any other information required to demonstrate that payment has been made according to EPA requirements, in the amount due, and identified with the appropriate docket number and Respondent’s name.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • 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.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Guarantor of Payment means each of the Companies set forth on Schedule 2 hereto, that are each executing and delivering a Guaranty of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Closing Date.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2(a)(ii) as a sub-account to the Collection Account.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

Most Referenced Clauses

Most Referenced Definitions