Payment Timing definition

Payment Timing. The amount required herein shall be paid in full within 60 days of the date of approval by the Review Committee. Payment shall be made to the City of St. Cloud Public Utilities for reimbursement to selling Contract Users for deposit in the Pool Capacity Account. If payment is not received within the time specified, the Review Committee’s action to allocate PCU to the applicant City shall be considered null and void. If applicant cannot meet specified timeline, a written request to adjust the payment timing can be submitted to the Review Committee for consideration.
Sample 1

Examples of Payment Timing in a sentence

  • Subject to Sections 1.38 (Requirements Regarding Notices) and 1.50 (Payment Timing), in order to determine the day on which an event occurs for purposes of this Credit Annex, the demarcation of days shall be made by reference to Greenwich Mean Time (or, if the Transaction Type of the Reference Entity relates to Japan, Tokyo time), irrespective of the time zone in which such event occurred.

  • Payment Timing: The amount required herein shall be paid in full within 60 days of the date of approval by the Review Committee.

  • The proposal should be submitted in a format that can readily be incorporated into the City’s standard form Professional Services Agreement (Appendix A) including Project Description, Scope of Services, Duties of Consultant, Duties of the City, Fees and Payment, Timing and Schedule for Completion.

  • In the event that the total amount of Severance Benefits provided pursuant to this Article 3 exceeds the Code Section 409A Severance Limit described in Section 3.3, salary continuation benefits shall be payable in accordance with the Alternate Payment Timing provisions of Section 3.3. The Eligible Executive’s right to a series of installment payments under this Section shall be treated as a right to a series of separate payments as provided in Treasure Regulation Section 1.409A-2(b)(2)(iii).

  • In that event, the Issuer, as directed by the Financial Guarantor, may at its sole option request the Counterparty to (A) use its best endeavours to effect a Swap Adjustment (Index-Linked) and/or (B) use its reasonable endeavours to effect a Swap Adjustment (Payment Timing).

  • Subject to Sections 1.38 (Requirements Regarding Notices) and1.50 (Payment Timing), in order to determine the day on which an event occurs for purposes of this Credit Annex, the demarcation of days shall be made by reference to Greenwich Mean Time (or, if the Transaction Type of the Reference Entity relates to Japan, Tokyo time), irrespective of the time zone in which such event occurred.

  • We asked our actuaries the impact it would have if our yearly contributions were made to the two pensions in July and it is now included in our yearly Actuarial Valuation reports under Alternative Payment Timing Contribution.

  • Subject to Sections 1.38 (Requirements Regarding Notices) and 1.50 (Payment Timing), in order to determine the day on which an event occurs for purposes of this Credit Provisions Annex, the demarcation of days shall be made by reference to Greenwich Mean Time (or, if the Transaction Type of the Reference Entity relates to Japan, Tokyo time), irrespective of the time zone in which such event occurred.

  • The undersigned agree that, in connection with the closing of the initial purchase of receivables pursuant to the Purchase Agreement, the following information is accurate: Payment Timing Adjustment1 Albany International Corp.

  • Payment Timing for Class 1 A payments timetable is included in the Pricing and Payment Manual in Section C.

Related to Payment Timing

  • Payment Time means the time when a Stock Retainer is payable to a Participant pursuant to Paragraph 5 hereof (without regard to the effect of any Deferral Election).

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

  • Net Payment means the amount the Issuer or any paying agent pays the Holder after deducting or withholding an amount for or on account of any present or future tax, assessment or other governmental charge imposed with respect to that payment by a taxing authority (including any withholding or deduction attributable to additional amounts payable pursuant to this Section).

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

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

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

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • 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 Amount as defined in Section 3.5.

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • 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.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Contingent Payments has the meaning set forth in Section 2.05(b).

  • Contingent Payment shall have the meaning set forth in Section 2.2(a).

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Settlement Time means any time within two Business Days immediately following the Creation Order Date or the Redemption Order Date, as applicable.

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

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