Payment Provision definition

Payment Provision has the meaning set forth in Section 7.1(a).
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Payment Provision. The amount of this Note is Two Hundred Twenty Five Thousand Dollars and no/100s ($225,000.00). The Note shall be due and payable in Ten (10) annual payments. The first annual payment is due on January 1, 2010, and continuing on the first of January each year thereafter (“Annual Payment”). Each Annual Payment is to be in the sum of Twenty Two Thousand Five Hundred Dollars and no/100 ($22,500.00). Any prepayments Borrower may have paid on this Note or may make prior to January 1, 2010, shall be applied to the Principal Amount. All Annual Payments and any partial payments Borrower makes on this Note during the term of this Note shall be applied to the Principal Amount.
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Payment Provision shall have the meaning set forth in Section 4.1.
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Examples of Payment Provision in a sentence

  • Special Payment Provision: For contractor where payment bonds have been waived, all Requests for Periodic payment forms submitted by the Contractor shall be accompanied by payment affidavits from each subcontractor/supplier for the services/materials claimed before payment will be released by the owner.

  • Attachment B, Payment Provision provides details on how the grantee will be reimbursed.

  • District shall pay to Consultant for the performance of all services rendered pursuant to and during the term of this Consultant Agreement the amount not to exceed $ The Payment Provision, Exhibit “B” attached hereto and incorporated herein by reference will provide a fee schedule.

  • The State will authorize the performance of only those Project items of work which the Local Government has requested and has agreed to pay for as described in Attachment A, Payment Provision and Work Responsibilities (Attachment A) which is attached to and made a part of this contract.

  • Unless otherwise specifically stated in Attachment A - Payment Provision and Work Responsibilities, to this contract, the State will supervise and inspect all work performed hereunder and provide such engineering inspection and testing services as may be required to ensure that the Project is accomplished in accordance with the approved plans and specifications.

  • Special Payment Provision: For contractor where payment bonds have been waived, all Requests for Periodic pay- ment forms submitted by the Contractor shall be accompanied by payment affidavits from each subcontractor/sup- plier for the services/materials claimed before payment will be released by the owner.

  • Unless otherwise specifically stated in Attachment A, Payment Provision and Work Responsibilities, to this contract, the State will supervise and inspect all work performed hereunder and provide such engineering inspection and testing services as may be required to ensure that the Project is accomplished in accordance with the approved plans and specifications.

  • NOTE: Additional guidance on payments is available in this Bulletin as Appendix III: Attachment B Payment Provision Guidelines.

  • The State will authorize the performance of only those Project items of work which are eligible for relocation reimbursements or for which Utility has requested and has agreed to pay for as described in Attachment A - Payment Provision and Work Responsibilities, which is attached to and made a part of this contract.

  • In addition to identifying those items of work to be paid for by payments to the State, Attachment A - Payment Provision and Work Responsibilities, also specifies those Project items of work that are the responsibility of Utility and will be carried out and completed by Utility, at no cost to the State.

Related to Payment Provision

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • Adjustment Provisions means all relevant provisions of these Conditions which provide for any adjustment, delay, modification, cancellation or determination in relation to an Index, the valuation procedure for an Index or the Preference Shares. This shall include the provisions of Condition 11 (Calculation Agent Modifications) and all subsequent Conditions.

  • relevant provision means a provision in any subordinate legislation made under the Act or made, in connection with the Act or such provision, under any other enactment;

  • Relevant Provisions means, in respect of the Determination Agent, the provisions of the Determination Agency Agreement, the Trust Deed, and the Conditions.

  • Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

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

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Spendthrift provision means a term of a trust that restrains both voluntary and involuntary transfer of a beneficiary's interest.

  • Enhancement Provider means the Person providing any Enhancement as designated in the applicable Series Supplement.

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

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • Replacement Provider has the meaning set forth in Section II.D.1.

  • 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.

  • Payment Agreement means a written agreement which provides

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Note Payment Sequence means the application of Interest Proceeds in accordance with the Interest Proceeds Priority of Payments or the application of Principal Proceeds in accordance with the Principal Proceeds Priority of Payments, as applicable, in the following order:

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Termination Payment has the meaning set forth in Section 6.03.

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

  • Erroneous Payment Deficiency Assignment has the meaning assigned to it in Section 10.10(d).

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.