Payment Credit definition

Payment Credit means the dollar amount issued as a credit to the party purchasing or repurchasing Assets. The Payment Credit is calculated as follows: for each Subscriber or Transferred Subscriber who is also a Prepaid Subscriber, the full amount of prepayment is divided by twelve (12) and multiplied by the number of months remaining until the expiration date of the Prepaid Subscriber's subscription; the sum total of the foregoing calculation for all Prepaid Subscribers is the Payment Credit.
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Payment Credit has the meaning set forth in Section 6.1(b) - "Suitability and Other Advances and Accounting".
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Payment Credit the resulting credit if Tenant's Cost Percentage of the actual Operating Costs and the actual Tax Costs for a particular calendar year or partial calendar year during the Term is less than the sum of (i) the amounts paid by Tenant pursuant to Section 5.2 below as estimated payments of Additional Rent for such year and (ii) the Stop Amount (as defined in Section 5.2 below).
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Examples of Payment Credit in a sentence

  • Urban Institute in a recent report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market.

  • Provisional Payment: Credit given by us to you with respect to an automated clearing house credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank.

  • We will begin to charge interest on new purchases made under a Low APR, Equal Payment or Budget Payment Credit Plan from the date of purchase.

  • Either you, on the one hand, or the Corporation or the Bank, on the other hand, may terminate your employment at any time and for any reason, subject to the provisions of Section 8.

  • Subject to Uniform Commercial Code Article 4A Provisional Payment: Credit given by us, to you, with respect to an Automated Clearing House (ACH) credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank.

  • Each Payment Credit will be allocated in the same manner as its corresponding Payment.

  • Name (s): Relationship to Student: Cell Phone: ( ) - Other Phone: ( ) - Email: PAYMENT INSTRUCTIONS (Select all that apply)Method of Payment***: Credit Card** Check or M/O* AmeriCorps Voucher 529 Plan Please note: There is no financial aid available through Western for this program.

  • Additionally, it is clear that if A is a Tσ1=σ2 -interpretation, then α(A) will bea T -interpretation.sLemma 5.3. Let T and B be as in Definition 5.2, and let Ax be the set of closed Σ-formulas that defines T.

  • Franchisee shall defend at its own cost and indemnify and hold harmless Company, its shareholders, directors, officers, employees and agents, from and against any and all loss, costs, expenses (including attorneys’ fees), taxes, damages and liabilities, however caused, resulting directly or indirectly from Franchisee’s failure to comply with Payment Credit Card Industry Data Security Standards or data privacy laws.

  • Provisional Payment: Credit given by LCCU to you with respect to an ACH credit entry or a Wire Transfer is provisional until we receive final settlement for such entry.

Related to Payment Credit

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • 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.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

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

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • 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 Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • 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.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • pension credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Note Account As defined in the Indenture.