Properly Scheduled Payment definition

Properly Scheduled Payment is a Scheduled Payment where the payment is scheduled in accordance with the guidelines described under “Payment Scheduling” in these terms and conditions and at the time the payment was scheduled (i) there are sufficient funds in the Bill Payment Account to make the payment as requested; (ii) your Bill Payment Account is open, Enrolled in the Bill Pay Service and in good standing with us; and (iii) your Billing Account is open and in good standing with the Xxxxxx. In addition to the requirement that the late payment be a Properly Scheduled Payment as described above, the Bill Pay Service Guarantee will not apply to any Properly Scheduled Payment that is late (a) as the result of any reason listed under “Failed or Returned Transactions” and “Delayed and Returned Payments” in these terms and conditions; or (b) if you have failed to promptly provide us notice of the late payment no more than two (2) Business Days after your discovery of the late payment received by your Xxxxxx. The Bill Pay Service Guarantee applies only to Bill Pay Service for consumer customers.

Properly Scheduled Payment has the meaning set forth in Section VI.L above.

Properly Scheduled Payment is one made from your Payment Account with sufficient available funds for the payment and associated fees scheduled to be delivered on or before the due date of the xxxx, excluding grace periods, indicated to be deliverable on time and for which the information supplied is correct and is not a prohibited payment under the Service.

Examples of Properly Scheduled Payment in a sentence

We guarantee that your Properly Scheduled Payment will be received by your Xxxxxx on the Scheduled Payment Date and we will bear responsibility for any late payment charges you incur from the Xxxxxx due to our processing delay (the “Bill Pay Service Guarantee”).
We guarantee that your Properly Scheduled Payment will be received by your Xxxxxx on the Scheduled Payment Date and we will bear responsibility for any late payment charges you incur from the Xxxxxx due to our processing delay (the “Xxxx Pay Service Guarantee”).
Properly Scheduled Payment A Scheduled Payment that conforms with the terms and conditions of this Agreement and in which, at the time the payment was scheduled (i) there were sufficient funds in the Bill Payment Account to make the payment as requested; (ii) the Bill Payment Account and the Billing Account were open and in goodstanding, and (iii) the customer enrolled in the Bill Payment Service.
A Properly Scheduled Payment is a Scheduled Payment that conforms with the terms and conditions of this Agreement and in which, at the time the payment was scheduled (i) there were sufficient funds in the Xxxx Payment Account to make the payment as requested; (ii) the Xxxx Payment Account and the Billing Account were open and in good standing, and (iii) the customer enrolled in the Xxxx Payment Service.
Properly Scheduled Payment A Scheduled Payment that conforms with the terms and conditions of this Agreement and in which, at the time the payment was scheduled (i) there were sufficient funds in the Xxxx Payment Account to make the payment as requested; (ii) the Xxxx Payment Account and the Billing Account were open and in goodstanding, and (iii) the customer enrolled in the Xxxx Payment Service.
A Properly Scheduled Payment is a Scheduled Payment that conforms with the terms and conditions of this Agreement and in which, at the time the payment was scheduled (i) there were sufficient funds in the Bill Payment Account to make the payment as requested; (ii) the Bill Payment Account and the Billing Account were open and in good standing, and (iii) the customer enrolled in the Bill Payment Service.

Related to Properly Scheduled Payment

Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.
Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.
Scheduled Payments means, as to each Insured Distribution Date, payments which are required to be made to Holders in accordance with the original terms of the Obligations when issued and without regard to any subsequent amendment or modification of the Obligations or of the Indenture except amendments or modifications to which Financial Security has given its prior written consent, which payments are (i) the Noteholders' Interest Distributable Amount with respect to the related Distribution Date, (ii) the Noteholders' Remaining Parity Deficit Amount with respect to the related Distribution Date and (iii) with respect to the Final Scheduled Distribution Date for any class of Obligations, the outstanding principal amount of such class on such Final Scheduled Distribution Date, after taking into account reductions on such Date of such outstanding principal amount from all sources other than this Policy. Scheduled Payments do not include payments which become due on an accelerated basis as a result of (a) a default by the Obligor, (b) an election by the Obligor to pay principal on an accelerated basis, (c) the occurrence of an Event of Default under the Indenture or (d) any other cause, unless Financial Security elects, in its sole discretion, to pay in whole or in part such principal due upon acceleration, together with any accrued interest to the date of acceleration. In the event Financial Security does not so elect, this Policy will continue to guarantee payment on the Obligations in accordance with their original terms. Scheduled Payments shall not include (x) any portion of a Noteholders' Interest Distributable Amount due to Holders because the appropriate notice and certificate for payment in proper form as required by paragraph 2 hereof was not timely Received by Financial Security, (y) any portion of a Noteholders' Interest Distributable Amount due to Holders representing interest on any Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Noteholders' Interest Carryover Amount pursuant hereto or (z) any Note Prepayment Amounts, unless Financial Security elects, in its sole discretion, to pay such amount in whole or in part. Scheduled Payments shall not include any amounts due in respect of the Obligations attributable to any increase in interest rate, penalty or other sum payable by the Obligor by reason of any default or event of default in respect of the Obligations, or by reason of any deterioration of the credit worthiness of the Obligor, nor shall Scheduled Payments include, nor shall coverage be provided under this Policy in respect of, any taxes, withholding or other charge with respect to any Holder imposed by any governmental authority due in connection with the payment of any Scheduled Payment to a Holder.
Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.
Final Scheduled Payment Date means the Class A-1 Final Scheduled Payment Date, the Class A-2a Final Scheduled Payment Date, the Class A-2b Final Scheduled Payment Date, the Class A-3 Final Scheduled Payment Date, the Class A-4 Final Scheduled Payment Date or the Class B Final Scheduled Payment Date, as the context requires.
Unscheduled Payments means (a) all Loss Proceeds that Borrower has elected or is required to apply to the repayment of the Debt pursuant to this Security Instrument, the Note or any other Loan Documents, (b) any funds representing a voluntary or involuntary principal prepayment other than scheduled Principal Payments and (c) any Net Proceeds.
Remaining Scheduled Payments means, with respect to the Called Principal of any Note, all payments of such Called Principal and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on which interest payments are due to be made under the terms of the Notes, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date pursuant to Section 8.2 or 12.1.
Class C Final Scheduled Payment Date means the Payment Date occurring in December 2024.
Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.
Class A-4 Final Scheduled Payment Date means July 15, 2031.
Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.
Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.
Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.
Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.
Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.
Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2027.
Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.
Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.
Scheduled Principal Payments means, with respect to any Series, Class of any Series of Notes, or Subclass or Tranche thereof, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series, Class, Subclass or Tranche on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.
Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.
Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).
Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.
Scheduled Principal Payment Date means April 15, 2008.
Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).