Examples of Payment Period in a sentence
For each Payment Period beginning on the First Reset Date, the Dividend Rate shall be equal to the prior Payment Period’s Dividend Rate, plus 1.50%.
On or before each Required Payment Date, a certificate prepared as of the close of business on the last day of the Excess Payment Period ending prior to such Required Payment Date, executed by a Responsible Officer of the Borrower, setting forth in reasonable detail (I) the Total Portfolio Net Receipts for such Excess Payment Period, and (II) the Excess Payment Accrued Amount on such Required Payment Date.
In the event that the Executive becomes covered under another employer’s group health plan during the COBRA Payment Period, the Executive must immediately notify the Company in writing.
Within thirty (30) days prior to the beginning of the Level Payment Period, the RRIF Lender may (or, at the written request of the Borrower, shall) give written notice to the Borrower of the amount of the related Fixed Level Payment, which amount shall be deemed conclusive absent manifest error, but no failure to provide or delay in providing the Borrower with such notice shall affect any of the obligations of the Borrower under this Agreement or the other RRIF Loan Documents.
Notwithstanding the foregoing provisions, where the Effective Date of this Agreement is a date other than April 1 in any year, the portion of the first Payment Period in respect of which advance payments are payable shall be the period commencing on the Effective Date and ending on the first March 31 which follows the Effective Date.