Punctual Payment definition

Punctual Payment it shall pay or cause to be paid all Obligations falling due hereunder on the dates and in the manner specified herein;

Examples of Punctual Payment in a sentence

  • Affirmative Covenants 25 Section 9.1. Punctual Payment 25 Section 9.2. Records and Accounts 25 Section 9.3. Legal Existence and Conduct of Business 25 Section 9.4. Maintenance of Properties 25 Section 9.5. Insurance 26 Section 9.6. Taxes 26 Section 9.7. Compliance with Laws, Contracts, Licenses and Permits; Maintenance of Material Licenses and Permits 26 Section 9.8. Environmental Indemnification 27 Section 9.9. Additional Notices 27 Section 9.10.

  • Punctual Payment........................................................................

  • AFFIRMATIVE COVENANTS 30 §7.1 Punctual Payment 30 §7.2 Maintenance of Office 30 §7.3 Records and Accounts 30 §7.4 Financial Statements, Certificates and Information 31 §7.5 Notices.

  • The employment tribunal upheld the bus company’s decision to dismiss the claimant, who was already on a final disciplinary warning.

  • PARTICULAR COVENANTS 24 Section 6.01 Collection and Application of Reassessments 24 Section 6.02 Foreclosure 25 Section 6.03 No Advances from Available Funds 26 Section 6.04 Punctual Payment.

  • A significant driver behind the growth of this research interest in the UK has been the shift in policy focus from delivering flood protection, to more holistic flood risk management approaches.

  • AFFIRMATIVE COVENANTS OF THE BORROWER 44 Section 7.1. Punctual Payment 44 Section 7.2. Maintenance of Office 44 Section 7.3. Records and Accounts 44 Section 7.4. Financial Statements, Certificates and Information 44 Section 7.5. Notices 46 Section 7.6. Existence; Maintenance of REIT Status; Maintenance of Properties 47 Section 7.7. Insurance 47 Section 7.8. Taxes 48 Section 7.9. Inspection of Properties and Books 48 Section 7.10 Compliance with Laws, Contracts, Licenses, and Permits 48 Section 7.11.

  • The Borrower hereby covenants and agrees that from the date hereof and until payment in full of the principal of and the interest on the Loan and the termination of this Agreement, unless the Lender shall otherwise consent in writing, the Borrower will perform and observe the following covenants and agreements: (a) Punctual Payment.

  • AFFIRMATIVE COVENANTS OF THE BORROWERS 105 §8.1. Punctual Payment 105 §8.2. Maintenance of Chief Executive Office 105 §8.3. Records and Accounts 105 §8.4. Financial Statements, Certificates and Information 106 §8.5. Corporate Existence; Compliance with Laws, Other Agreements 108 §8.6. Maintenance of Properties 108 §8.7. Insurance 108 §8.8. Taxes 108 §8.9. Inspection of Properties, Books and Contracts 108 §8.10.

  • Except with the prior written consent of the Required Lenders, the Company covenants and agrees that so long as there is outstanding any portion of the Term Loans, it will, and it will cause each of its Subsidiaries to, comply or cause compliance with the following provisions: 1 Punctual Payment.

Related to Punctual Payment

  • Actual Payment means, with respect to a Receivable and a Collection Period, all payments received by the Servicer from or for the account of the related Obligor on such Receivable during such Collection Period, net of any Supplemental Servicing Fees attributable to such Receivable.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

  • Additional Amount Payment means a payment to a Holder of MuniFund Term Preferred Shares of an amount which, when taken together with the aggregate amount of Taxable Allocations made to such Holder to which such Additional Amount Payment relates, would cause such Holder’s dividends in dollars (after federal income tax consequences) from the aggregate of such Taxable Allocations and the related Additional Amount Payment to be equal to the dollar amount of the dividends that would have been received by such Holder if the amount of such aggregate Taxable Allocations would have been excludable (for federal income tax purposes) from the gross income of such Holder. Such Additional Amount Payment shall be calculated (i) without A-1 consideration being given to the time value of money; (ii) assuming that no Holder of MuniFund Term Preferred Shares is subject to the federal alternative minimum tax with respect to dividends received from the Fund; and (iii) assuming that each Taxable Allocation and each Additional Amount Payment (except to the extent such Additional Amount Payment is designated as an exempt-interest dividend under Section 852(b)(5) of the Code) would be taxable in the hands of each Holder of MuniFund Term Preferred Shares at the maximum marginal regular federal individual income tax rate applicable to ordinary income or net capital gains, as applicable, or the maximum marginal regular federal corporate income tax rate applicable to ordinary income or net capital gains, as applicable, whichever is greater, in effect at the time such Additional Amount Payment is paid.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

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

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

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

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

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • 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.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Legal Final Payment Date means the one-year anniversary of the Expected Final Payment Date.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Delta Payment means as it is described in this Agreement.

  • Installment as defined in Section 2.12.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.