Purchase Payment definition

Purchase Payment. A payment made toward this Contract.

Purchase Payment. A payment made by or for an Owner with respect to this Contract.

Purchase Payment has the meaning assigned to that term in Section 2.03.

Examples of Purchase Payment in a sentence

• Upon such deposit of the Administrative Purchase Payment, the Servicer shall for all purposes of this Agreement be deemed to have released all claims for reimbursement of Outstanding Advances made in respect of such Receivable.

• A Warranty Purchase Payment shall be applied to reduce Outstanding Advances and such Warranty Purchase Payment or an Administrative Purchase Payment, as applicable, shall then be applied to the Scheduled Payment, in each case to the extent that the payments by the Obligor shall be insufficient, and then to prepay the unpaid principal balance of such Receivable in full.

• A Warranty Payment or an Administrative Purchase Payment, as applicable, shall be applied to principal and interest on such Receivable.

• A Warranty Purchase Payment or an Administrative Purchase Payment with respect to any Receivable shall be applied to the Scheduled Payment, in each case to the extent that the payments by the Obligor shall be insufficient, and then to prepay the unpaid principal balance of such Receivable in full.

• In consideration of the purchase of any such Receivable, the Seller shall remit an amount equal to the Warranty Purchase Payment in respect of such Receivable to the Purchaser.

More Definitions of Purchase Payment

Purchase Payment. The amount(s) paid by the Owner and accepted by the Company as consideration for this Contract.

Purchase Payment. A cash consideration (a "premium"), in currency of the United States of America, given to us in exchange for the rights, privileges and benefits outlined in this Annuity.

Purchase Payment has the meaning set forth in Section 8.2.1.

Purchase Payment. The gross payment accepted by Us and allocated to the Certificate Holder's Account. We reserve the right to refuse to accept any Purchase Payment at any time for any reason.

Purchase Payment shall have the meaning assigned to it in Section ---------------- 2.

Purchase Payment. (s): Payment(s) accepted by Aetna at its home office. Aetna reserves the right to refuse to accept any Purchase Payment at any time for any reason. No advance notice will be given to the Contract Holder or Certificate Holder.

Purchase Payment. A Purchase Payment less any applicable Premium Tax.