Participant Payment Date definition

Participant Payment Date has the meaning set forth in Section 2.5(b).
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Participant Payment Date means the date on which a Participant’s Retirement Benefit shall be paid to the Participant. Such date shall be: (a) the Disability Retirement Date of a Participant who has incurred a Disability, (b) that date which falls 30 days following the later to occur of (i) the Normal Retirement Date of a Participant and (ii) the Participant’s actual termination of Service with the Company or an Adopting Employer, (c) that date selected by the Committee as soon as practicable following the death of a Participant, if the Participant’s death takes place prior to any date described in clauses (a), (b) or (d) of this Section 1.18, or (d) that date that falls 30 days following the termination of the Service of a Participant without cause (as defined in Section 4.4 hereof), but only to the extent that any such termination of Service constitutes a “separation from service” described in Section 409A(a)(2) of the Code.
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Participant Payment Date means the date on which a Participant's Accrued Benefit shall be paid either in whole or in part to the Participant. Except as set forth in Section 6.4, such date shall be: (a) the Disability Retirement Date of a Participant who has incurred a Disability, (b) that date which falls 30 days following the Normal Retirement Date of a Participant (as such date may be extended pursuant to Section 5.2 hereof), (c) that date selected by the Board occurring no later than 6 months following the death of a Participant, if the Participant's death takes place prior to any date described in clauses (a), (b) or (d) of this Section 1.17, or (d) that date that falls 30 days following the termination of the Service of a Participant without cause (as defined in Section 4.4 hereof).
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Examples of Participant Payment Date in a sentence

  • With respect to Payment Dates under the Indenture (except a date for payment of defaulted interest), March 4, 1996 for the Owner Participant Payment Date, December 18 for January 2 Payment Dates and June 17 for July 2 Payment Dates, whether or not such date is a Business Day.

  • The Owner Participant Payment Date, and each January 2 and July 2 commencing July 2, 1996.

  • The period commencing on the Delivery Date and ending at the end of the day on the day immediately preceding the Owner Participant Payment Date.

  • The Participant is required to pay any net debit shown in a Settlement Statement on the corresponding Market Participant Payment Date and shall be entitled to receive any net credit shown in a Settlement Statement on the corresponding IESO Payment Date, whether or not there is any outstanding disagreement regarding the amount of the debit or credit, in accordance with the IESO Market Rules.

  • To the extent such amount is not paid when due on the Owner Participant Payment Date, the Lessee shall make an advance on behalf of the Owner Participant as described in Section 3.05 hereof equal to such amount and, if not otherwise reimbursed, the Lessee shall have the right to offset such amount pursuant to Section 3.05 hereof.

  • On each Participant Payment Date, all payments of interest received by the Servicer from the Borrowers and the Sponsor pursuant to its Guaranty contained herein with respect to the Loans and not previously distributed by the Servicer, shall be applied to pay all accrued but unpaid interest on the Funded Participant’s Interest pursuant to this Agreement, then to pay all accrued but unpaid Servicing Fees and then to pay the Sponsor’s Fee, in accordance with the terms of the Servicing Agreement.

  • On each Participant Payment Date, all payments of interest received by the Servicer from the Borrowers and the Sponsor pursuant to its Guaranty contained herein with respect to the Loans and not previously distributed by the Servicer, shall be applied to pay all accrued but unpaid interest on the Funded Participant's Interest pursuant to this Agreement, then to pay all accrued but unpaid Servicing Fees and then to pay the Sponsor's Fee, in accordance with the terms of the Servicing Agreement.

  • To the extent that the Owner Participant does not provide the Lessor with funds on the Owner Participant Payment Date as referred to in Section 3.01 hereof if and when due, the Lessee shall on such date advance on behalf of the Owner Participant (and such advance shall be deemed a demand loan owing to the Lessee from the Owner Participant bearing interest at the Past Due Rate plus 3%) an amount equal to the funds not so provided.

  • The Owner Participant has agreed, so long as no Event of Default has occurred and is continuing, to make available to the Lessor funds sufficient to pay to the Indenture Trustee on the Owner Participant Payment Date an amount equal to the amounts scheduled to be paid on the Certificates on such date, all in accordance with the provisions of Section 2.03 of the Participation Agreement.