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Payment 1 definition

Payment 1. The City shall deposit $1,200,000 within 30 days of the Effective Date or receipt of accurate payment instructions provided by Respondents, whichever is later; and
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Payment 1. The Port shall deposit $2,400,000 within 30 days of the Effective Date or receipt of accurate payment instructions provided by Respondents, whichever is later;
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Payment 1. Traditionally the Listing Broker shares their compensation with buyer brokers. This shared amount should be 41 determined by the Seller, not the Listing Broker and should be disclosed to the buyer. You will pay the buyer or his broker (buyer’s 42 choice) % of the purchase price or $ as a flat fee (strike payment method not used). If this 43 money is paid to the buyer, then this money must be disclosed to the buyer’s lender and the money may be used by the buyer to 44 pay for compensation to Buyer’s Broker, closing costs or to reduce the purchase price of the house. This compensation will be 45 advertised as an offer of compensation to the Buyer Broker in the MLS and to the public in the Public Remarks section of the MLS 46 and all other advertisements in which you exhibit My property (You will use the below disclosure).
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Examples of Payment 1 in a sentence

  • It is further provided that the Insured shall have the following duties under this Supplemental Payment: 1.

  • Payment 1:  The first payment will be a fixed price advance in the amount of 25% of the grant award.

  • Submission of Sample by Bidder 03 Part-IIIBid Documentation, Evaluation Criteria, Tender Award, Quality Inspection & Payment 1.

  • Payment 1: ▪ The first payment will be a fixed price advance in the amount of 25% of the grant award.

  • In the event that such offset would in any given year exceed such Original Participating Manufacturer's share of such Allocated Payment: (1) the offset to which such Original Participating Manufacturer is entitled under this section in such year shall be the full amount of such Original Participating Manufacturer's share of such Allocated Payment, and (2) all amounts not offset by reason of subsection (1) shall carry forward and be offset in the following year(s) until all such amounts have been offset.

  • Optional Payment 1 £180 to join the Extra Curricular Sports Club of the school which offers coaching, matches and transport outside the school day.

  • The amount of Year-End Payment shall be calculated on the following basis: Vacation Days Vacation Hours Year-End Accrued Accrued Payment 1 day/mo.

  • Payment 1: The first payment will be a fixed price advance in the amount of 25% of the grant award.

  • Payment 1:  The first payment will be a fixed price in the amount of 30% of the grant award.

  • No. Scope of Work Key Activities Deliverables (Reports/ Docs) Timelines (in Months) Payment 1.


More Definitions of Payment 1

Payment 1 means the price to be paid by the Purchaser to the Vendors pursuant to Clause 3.2;
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Payment 1 has the meaning ascribed thereto Section 2.1(a)(ii); (ll) “Payment 2” has the meaning ascribed thereto Section 2.1(a)(ii); (mm) “Payment 3” has the meaning ascribed thereto Section 2.1(a)(ii); (nn) “Payment 4” has the meaning ascribed thereto Section 2.1(a)(iii); (oo) “Payment 5” has the meaning ascribed thereto Section 2.1(a)(iii); (pp) “Payment 6” has the meaning ascribed thereto Section 2.1(a)(iii);
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Payment 1 has the meaning ascribed thereto in ‎Section 3.3.
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Related to Payment 1

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Payment Card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Payment Amount has the meaning specified in Section 6.1.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Payment Schedule ’ means a schedule which sets out—

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Payment Terms for a Supply Point means the Payment Method and Payment Period for it;

  • Installment Payment means the partial payment of court debt which is divided into portions that are made payable at different times.

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

  • 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.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

  • Payment Item means each check, draft or other item of payment payable to a Borrower, including those constituting proceeds of any Collateral.

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

  • Purchase Payment A payment made toward this Contract.

  • Loss Payment Date has the meaning specified in Section 7.05(a) of the Indenture.

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below) and, (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage”: shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%.; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

  • Processing fee for payment of rent with bad check means the processing fee specified in the rental

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

Most Referenced Clauses

Most Referenced Definitions