Payments Ahead definition

Payments Ahead. With respect to each Distribution Date and a Lease, the aggregate of all Excess Payments on such Lease received during or prior to the related Monthly Period minus the aggregate of all Applied Payments Ahead on such Lease which were applied on any prior Distribution Date.
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Payments Ahead has a meaning correlative to the foregoing.
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Payments Ahead means any payment of all or a part of one or more Monthly Lease Payments remitted by a Lessee with respect to a Lease in excess of the Monthly Lease Payment due with respect to such Lease, which amount the Lessee has instructed the Servicer to apply to Monthly Lease Payments due in one or more subsequent Settlement Periods; provided, however, that Payments Ahead shall exclude Pull-Forward Payments.
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Examples of Payments Ahead in a sentence

  • Commencing with the first day of the first Collection Period that begins at least two Business Days after the day on which any Monthly Remittance Condition ceases to be satisfied and for so long as all Monthly Remittance Conditions are not satisfied, all Payments Ahead then held by the Servicer shall be immediately deposited into the Payahead Account and all future Payments Ahead shall be remitted by the Servicer to the Payahead Account within two Business Days after receipt thereof.

  • Notwithstanding the foregoing, so long as all Monthly Remittance Conditions are satisfied, the Servicer will not be required to deposit Payments Ahead in the Payahead Account within two Business Days after receipt thereof but shall be entitled to retain such Payments Ahead, without segregation from its other funds, until such time as the Servicer shall be required to remit Applied Payments Ahead to the Collection Account pursuant to Section 5.06(a)(i).

  • If the amounts applied under the first two sentences of this Section 3.05(a) shall be less than the Monthly Lease Payment, whether as a result of any extension granted to the Lessee or otherwise, then an amount equal to the Applied Payments Ahead, if any, with respect to such Lease Asset shall be applied by the Servicer to the extent of the shortfall, and the Payments Ahead with respect to such Lease Asset shall be reduced accordingly.

  • The Servicer shall promptly notify the Indenture Trustee if any Monthly Remittance Condition ceases to be satisfied such that the Payments Ahead will not be remitted in accordance with the prior sentence.

  • At all times when the Monthly Remittance Condition is satisfied, the Servicer (i) shall not be required to segregate or otherwise hold separate any ACOLT Collections and Payments Ahead received on the Lease Assets and (ii) shall remit an amount equal to the ACOLT Collections received during a Monthly Period to the ACOLT Collection Account in immediately available funds on or before the related Distribution Date.

  • If a Monthly Remittance Condition is not satisfied, commencing with the first day of the first Monthly Period that begins at least two (2) Business Days after the day on which any Monthly Remittance Condition ceases to be satisfied, the Servicer shall remit to the Collection Account all payments by or on behalf of the Obligors [(including Payments Ahead in accordance with Section 5.01(e))] on the Receivables and all Liquidation Proceeds within two (2) Business Days after receipt thereof.

  • At any time that (i) Ally Financial shall be the Servicer and (ii) the Servicer shall be permitted by Section 5.02 to remit collections on a basis other than a daily basis, [and (iii) the Servicer shall be permitted by Section 5.01(e) to remit Payments Ahead on a basis other than on a daily basis,] the Servicer, the Depositor, the Indenture Trustee and the Owner Trustee may make any remittances pursuant to this Article IV net of amounts to be distributed by the applicable recipient to such remitting party.

  • At any time that (i) GMAC shall be the Servicer, (ii) the Servicer shall be permitted by Section 5.02 to remit collections on a basis other than a daily basis, and (iii) the Servicer shall be permitted by Section 5.01(e) to remit Payments Ahead on a basis other than on a daily basis, the Servicer, the Seller, the Indenture Trustee and the Owner Trustee may make any remittances pursuant to this Article IV net of amounts to be distributed by the applicable recipient to such remitting party.

  • If a Monthly Remittance Condition is not satisfied, commencing with the first day of the first Monthly Period that begins at least two Business Days after the day on which any Monthly Remittance Condition ceases to be satisfied, the Servicer shall remit to the Collection Account all payments by or on behalf of the Obligors (including Payments Ahead in accordance with Section 5.01(e)) on the Receivables and all Liquidation Proceeds within two Business Days after receipt thereof.

  • Notwithstanding the foregoing, so long as all Monthly Remittance Conditions are satisfied, the Servicer will not be required to deposit Payments Ahead in the Collection Account or the Payahead Account within two Business Days after receipt thereof but shall be entitled to retain such Payments Ahead, without segregation from its other funds, until such time as the Servicer shall be required to remit Applied Payments Ahead to the Collection Account pursuant to Section 4.06(a)(i).


More Definitions of Payments Ahead

Payments Ahead has the meaning assigned to such term in the Annex of Definitions.
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Payments Ahead has the meaning set forth in the Titling Company Servicing Agreement.
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Payments Ahead with respect to each Payment Date and a Series 20 -SN Lease, the aggregate of all Excess Payments on such Series 20 -SN Lease received during or prior to the related Collection Period minus the aggregate of all Applied Payments Ahead on such Series 20 -SN Lease which were applied on any prior Payment Date.
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Payments Ahead with respect to each Payment Date and a Series 2005-SN1 Lease, the aggregate of all Excess Payments on such Series 2005-SN1 Lease received during or prior to the related Collection Period minus the aggregate of all Applied Payments Ahead on such Series 2005-SN1 Lease which were applied on any prior Payment Date.
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Payments Ahead with respect to a Payment Date and a Series 200_-__ Lease, the aggregate of all Excess Payments on such Series 200_-__ Lease received during the related Collection Period and all prior Collection Periods minus the aggregate of all Applied Payments Ahead on such Series 200_-__ Lease which were applied on any prior Payment Date.
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Related to Payments Ahead

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Payments has the meaning set forth in Section 6.12.1.

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

  • Production Payments and Reserve Sales means the grant or transfer by the Company or a Restricted Subsidiary to any Person of a royalty, overriding royalty, net profits interest, production payment (whether volumetric or dollar denominated), partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or a Restricted Subsidiary.

  • Upfront Fees means, with respect to any Receivable, the sum of any fees charged by Holdings or the Receivables Account Bank, as the case may be, to a Receivables Obligor in connection with the disbursement of a loan, as set forth in the Receivables Agreement related to such Receivable, which are deducted from the initial amount disbursed to such Receivables Obligor, including the “Origination Fee” set forth on the applicable Receivable Agreement.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Agent’s Account means the Deposit Account of Agent identified on Schedule A-1.

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Principal Payments For any Purchased Asset, all payments and prepayments of principal received for such Purchased Asset, including insurance and condemnation proceeds which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied and recoveries of principal from liquidation or foreclosure which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied.

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.