Payment 2 definition

Payment 2. The City shall deposit $1,200,000 into the Account by August 15, 2021.
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Payment 2. Second, amounts due to any Independent Director (or any such service provider providing the services of an Independent Director) subject to a cap of $100,000 per annum, as follows: [insert specific payment instructions and amounts]
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Payment 2 means the price to be paid by the Purchaser to the Vendors pursuant to Clause 3.3;
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Examples of Payment 2 in a sentence

  • Current 1 Payment 2 Payments 3+ Payments Foreclosure The 5% Reportable Modified Mortgage Loans cap has been raised to 100% for this transaction.

  • I.2. Data 2 I.3. Projected Benefit Costs and Trends 2 I.4. Special Contract Provisions Related to Payment 2 I.4.A. Incentive Arrangements 2 I.4.B. Withhold Arrangements 2 I.4.C. Risk-Sharing Mechanisms 2 I.4.D. Delivery System and Provider Payment Initiatives 2 I.4.D.i. Rate Development Standards 2 I.4.D.ii.

  • If the Total Payments must be reduced to the Reduced Total Payments, the reduction shall occur in the following order: (1) reduction of cash payments for which the full amount is treated as a Parachute Payment; (2) cancellation of accelerated vesting (or, if necessary, payment) of cash awards for which the full amount is not treated as a parachute payment; (3) cancellation of any accelerated vesting of equity awards; and (4) reduction of any continued employee benefits.

  • Current 1 Payment 2 Payments 3+ Payments Foreclosure The 5% Reportable Modified Mortgage Loans cap has been raised to 50% for this transaction.

  • Payment 2, Deliverable/Task 1:  The second payment will be a fixed price in the amount of 25% of the grant award.

  • Optional Payment 2 £25 membership fee for all extra-curricular Music groups.

  • All inspection fees, costs and charges associated with a change of such licensure or certification shall be borne solely by Sublessor.

  • Enter the resulting value into cell D2 of the PFS Success Payment 2 Calculator Table in Table 4 above.

  • Neither we, nor the Service Provider are liable: (1) if you did not follow the instructions for making a Payment; (2) you failed to promptly notify us after learning that you did not receive a credit from a Payee; or (3) for your acts or omissions or those of any other person, including any Payee or transmission or communications facility, and no such party shall be deemed our or our Service Provider’s agent.

  • Incentives A–C will be due in installments over six (6) Payment Years beginning with Annual Payment 2 and Incentive D will be due in installments over four (4) years beginning with Annual Payment 4, as shown on Exhibit M.


More Definitions of Payment 2

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 2 has the meaning ascribed thereto in ‎Section 3.3.
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Related to Payment 2

  • 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 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.

  • Payment Amount as defined in Section 3.5.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • 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 month means, for all programs except EA, the calendar month for which benefits are issued.

  • Payment Method means a payment method that Stripe accepts as part of the Stripe Payments Services (e.g., a Visa credit card, Klarna).

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

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

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

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

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Payment Schedule ’ means a schedule which sets out—

  • 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;

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

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

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • 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.

  • 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.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Net Payment means the amount the Issuer or any paying agent pays the Holder after deducting or withholding an amount for or on account of any present or future tax, assessment or other governmental charge imposed with respect to that payment by a taxing authority (including any withholding or deduction attributable to additional amounts payable pursuant to this Section).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Payment device means any credit card as defined in 15 U.S.C. § 1602(k) or any "accepted card or

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

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

  • 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.