Payahead definition

Payahead on a Precomputed Receivable means the amount, as of the close of business on the last day of a Collection Period, computed in accordance with Section 8.02(b) with respect to such Receivable.

Payahead means, for an Active Lease and a Collection Period, an amount (not less than zero) equal to (i) the Active Lease Proceeds for the Collection Period, minus (ii) the sum of (A) the Base Payment for the Collection Period (or, for an Advance Payment Plan Lease, zero) plus (B) the Advance Balance for the prior Collection Period.

Payahead. Any Scheduled Payment intended by the related Mortgagor to be applied in a Due Period subsequent to the Due Period in which such payment was received.

Examples of Payahead in a sentence

• The parties hereby acknowledge that there shall be no Residual Value Surplus Account or Payahead Account (as defined in the Titling Trust Agreement).

• Section 14.04 No Residual Value Surplus Account or Payahead Account.

• While the 1540 (2004) Committee oversees the implementation of the resolution, there is still a need to assist some States to enable them to be aware of and to meet their obligations.

• With respect to any Rule of 78's Receivable, any remaining excess shall be added to the Payahead Balance, and shall be applied to prepay the Rule of 78's Receivable, but only if the sum of such excess and the previous Payahead Balance shall be sufficient to prepay the Rule of 78's Receivable in full.

• A)Beginning Period Balance (B(Q)) $220,564.20(B)Amounts Applied to Payahead Account (C(B)) 0.00(C)Amounts Withdrawn from Payahead Account (C(C)) 61,073.47(D)Ending Period Balance $159,490.73IV.POOL BALANCES AND PORTFOLIO INFORMATION Begin.

More Definitions of Payahead

Payahead. Any Scheduled Payment intended by the related Mortgagor to be applied in a Collection Period subsequent to the Collection Period in which such payment was received.

Payahead means, with respect to an Actuarial Receivable, the amount, as of the close of business on the last day of a Collection Period, so designated in accordance with Section 4.3(a) with respect to such Receivable.

Payahead on a Receivable shall mean the amount, as of the close of business on the last day of a Collection Period, specified in Section 4.3 of the Sale and Servicing Agreement with respect to such Receivable.

Payahead. Any payment made by a mortgagor during a Due Period which is intended by the mortgagor to be an early payment of one or more scheduled monthly payments due with respect to subsequent Due Periods, and not as a curtailment to be applied in full as a reduction in the principal balance of the related mortgage loan.

Payahead. Any Scheduled Payment intended by the related mortgagor to be applied in a Collection Period subsequent to the Collection Period in which such payment was received.

Payahead on a Rule of 78's Receivable means the amount, as of the close of business on the last day of a Collection Period, determined in accordance with Section 4.3 with respect to such Rule of 78's Receivable.

Payahead. Any Scheduled Payment intended by the related Mortgagor to be applied in a Due Period subsequent to the Due Period in which such payment was received. PCAOB: Shall mean the Public Company Accounting Oversight Board.