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.
Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.
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;
Installment Payment has the meaning ascribed to it in Section 2.02(a).
Installment Payment Date means the date on which an installment payment of an assessment is payable.
Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.
Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.
Payment Schedule ’ means a schedule which sets out—
Payment Amount as defined in Section 3.5.
Milestone Payment Date has the meaning set forth in Section 2.4(a).
Installment Payments shall have the meaning set forth in Section 5(b)(ii).
Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:
Payment request means any request for contract financing payment or invoice payment submitted by the contractor under this contract.
Payment device means any credit card as defined in 15 U.S.C. § 1602(k) or any "accepted card or
Coupon Barrier Value means, in respect of a ST Coupon Valuation Date, Worst Value.
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.
Upfront Payment has the meaning set forth in Section 4.1.
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.
Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or
Milestone Date means the date set against the relevant Milestone in the Implementation Plan;
Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).
AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, in each case to avoid the application of Section 163(e)(5) of the Code thereto.
Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;
Auction Final Price means the price, if any, determined to be the Auction Final Price pursuant to Section 12 of these Credit Derivatives Auction Settlement Terms (expressed as a percentage, in increments equal to the Relevant Pricing Increment, of the outstanding principal balance, rather than the face amount, of Deliverable Obligations).
Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.
Milestone Payment has the meaning set forth in Section 4.2.