Examples of Payment Requirement in a sentence
Investment minimums* You will need to satisfy this minimum balance requirement to register for the DIO.^ invested in one or more of the other investment options offered by legalsuper.** In addition to the $3,000 shown above, existing or new Pension members who instruct legalsuper to transfer funds into their DIO, must be aware of the Minimum Pension Payment Requirement (Requirement).
Minimum Payment Requirement: 3% of the outstanding balance, subject to a minimum of $25.00.
Failure to Pay means, after the expiration of any applicable Grace Period (after the satisfaction of any conditions precedent to the commencement of such Grace Period), the failure by a Reference Entity to make, when and where due, any payments in an aggregate amount of not less than the Payment Requirement under one or more Obligations, in accordance with the terms of such Obligations at the time of such failure.
Payment Requirement: USD 250,000 or its equivalent in the relevant Obligation Currency as at the occurrence of the relevant Credit Event provided that where the amount payable in respect of interest or principal on any particular interest, coupon or redemption date is a lesser amount, the Payment Requirement shall be such lesser amount or its equivalent in the relevant Obligation Currency as at the occurrence of the relevant Credit Event.
Payment Requirement: USD 1,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.