Payment definition

Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

Payment means payment properly due and owing to Contractor pursuant to Article IV, Exhibit B of this Agreement.

Payment has the meaning assigned to it in Section 8.06(c).

Examples of Payment in a sentence

• Any amount due and payable hereunder shall, if not paid when due, accrue interest at the Late Payment Rate from the date such payment was due until the date such payment is made in full.

• Buyer shall complete performance of all of its obligations set forth in Appendix A (General Terms & Conditions) and Appendix B (Pricing; Payment Terms & Cancellation Schedule) in accordance with the terms of this Agreement.

• The Contract Price, payment terms and cancellation schedule/charges for each individual Liquefaction Train is detailed in Appendix B (Pricing; Payment Terms & Cancellation Schedule).

• Buyer hereby agrees to pay the Contract Price to Seller upon completion of the relevant Payment Milestones in accordance with the payment schedule (the “Payment Schedule”) set forth in Appendix B (Pricing; Payment Terms & Cancellation Schedule), in consideration for the performance by Seller of its related obligations under the Agreement.

• In consideration of the supply of a Liquefaction Train System as described in Appendix A (General Terms & Conditions) and Appendix C (Scope of Supply & Project Schedule), the Buyer will pay to the Seller the contract price in the increments and on the payment schedule as specified in Appendix A (General Terms & Conditions) and Appendix B (Pricing; Payment Terms & Cancellation Schedule).

More Definitions of Payment

Payment means any obligation (whether present or future, contingent or otherwise) for the payment or repayment of money, including, without limitation, Borrowed Money;

Payment has the meaning assigned thereto in Section 8(a) hereof.

Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Participant, whether paid or payable pursuant to this Plan or otherwise.

Payment means all checks, wire transfers and other items of payment received by Bank (including proceeds of Accounts and payment of all the Obligations in full) for credit to Borrower’s outstanding Credit Extensions or, if the balance of the Credit Extensions has been reduced to zero, for credit to its Deposit Accounts.

Payment means a payment that a trustee may receive over a fixed number of years or during the life of 1 or more individuals because of services rendered or property transferred to the payer in exchange for future payments. The term includes a payment made in money or property from the payer's general assets or from a separate fund created by the payer. For purposes of subsections (4) to (7), payment also includes any payment from any separate fund, regardless of the reason for the payment.

Payment means, in respect of any Liabilities (or any other liabilities or obligations), a payment, prepayment, repayment, redemption, defeasance or discharge of those Liabilities (or other liabilities or obligations).

Payment has the meaning assigned to it in Section 9.17(a).