Payment Plus definition

Payment Plus. Preferred Payment Plan"; "Deferred Payment Plan"; and "Prepayment Bonus Credit", provided, however, that any reimbursement -------- ------- obligations of the Company in respect of any letters of credit issued in connection with, or in support of the Company's obligations under, any of the Programs, shall be included as "Debt" hereunder. Third Amendment to Revolving Credit Agreement/ Southern States

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Payment Plus. Preferred Payment Plan"; "Deferred Payment Plan"; and "Prepayment Bonus Credit", provided, however, that any reimbursement obligations of the Company or any of its consolidated Subsidiaries in respect of any letters of credit issued in connection with, or in support of the Company's obligations under, any of the Programs, shall be included as "Consolidated Funded Debt" hereunder, or (ii) any junior subordinated debentures issued by the Company in connection with the issuance of any Junior Preferred Securities.

Payment Plus. Preferred Payment Plan"; "Deferred Payment Plan"; and "Prepayment Bonus Credit", provided, however, that any reimbursement obligations of the Company or any of its consolidated Subsidiaries in respect of any letters of credit issued in connection with, or in support of the Company's obligations under, any of the Programs, shall be included as "Consolidated Funded Debt" hereunder, (ii) any junior subordinated debentures issued by the Company in connection with the issuance of any Junior Preferred Securities, or (iii) the principal balance outstanding under the Bridge Loan Agreement from time to time."

Examples of Payment Plus in a sentence

• Net 15 days or less- Institution utilizes an electronic payment method leveraging unique and secure cardless payment accounts which allows for placement of funds for approved payment transactions on a Visa Single Use Account (“SUA”) administered through U.S. Bank via the Payment Plus program.

• Credits, Payment Plus credits (if you have a Payment Plus Account), adjustments, refunds, prepayments and similar Account transactions may not be used in place of payment of any portion of a required minimum payment.

• Your Account must be open and in good standing to receive the Payment Plus credit.

• Qualifying payments do not include Payment Plus credits, other credits, adjustments, refunds or similar Account transactions.

• If you have a Payment Plus Account, when we receive qualifying payments of at least 5% of the New Balance on a Statement on or before the payment due date for that Statement, you will receive a Payment Plus credit.

• If your Account is in default, you are in a forbearance plan or charging privileges have been revoked, you will not receive a Payment Plus credit.

• The Contractor agrees that University shall issue payment for all goods and/or services under this Contract via a virtual card by Payment Plus through U.S. Bank [OR] via the method agreed upon by the Contractor and the University.

• By enrolling in Payment Plus, suppliers can receive payments immediately (all invoices will be paid immediately upon confirmation of goods receipt and invoice).

• The University utilizes Payment Plus (e-payables) as its primary default form of payment.

• Additional information regarding Payment Plus (and enrollment form) can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/ufs/payment-plus- supplier-enrollment-form.

More Definitions of Payment Plus

Payment Plus means the non-modifiable (object code) software that is part of the then-current, Clover standard pre- provisioning load to certain Devices that enables: • the initiation of electronic payments using a Device for payments processing, • split-tender transactions, • employee access controls , and • access to the Application Marketplace. Payment Plus will allow Customer to separately acquire through the Application Marketplace (subject to payment of applicable fees) the Register Lite or Register Clover Software.