Recovery Payment definition

Recovery Payment shall have the meaning provided in subparagraph 5(d).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Recovery Payment means the payment made by an approved recycler to an approved collector in exchange for the transfer of CEWs pursuant to Section 42477 of the Public Resources Code.

Recovery Payment means any payment by a mortgagor or any other recovery of principal on a Loan not applied to scheduled installment of principal and interest on the Loan (including any deficiency in the payment of any scheduled installments of principal and interest then due and payable or interest paid in connection with a Prepayment of a Loan). A Recovery Payment includes, without limitation, (i) Prepayments,

Examples of Recovery Payment in a sentence

The Association acknowledges and agrees that it is responsible for the payment of the Staffing Cost Recovery Payment.
The Park Board will invoice the Association for the costs on a quarterly basis, unless otherwise agreed to by the parties, and the Association agrees to pay the Park Board the amount of the Staffing Cost Recovery Payment in full within 30 days of delivery of the invoice by the Park Board.
The Park Board/City will employ and pay for Park Board Personnel required and assigned to operate and maintain the Jointly Operated Facilities, subject to the Association’s obligations to pay the Staffing Cost Recovery Payment.
Once approved by the Association, the Association acknowledges it is responsible to pay the full actual costs of the Staffing Cost Recovery Payment for the full year, or portion thereof, as applicable.
The Park Board shall obtain the Association’s approval for the Staffing Cost Recovery Payment costs and the positions to be covered on an annual basis in alignment with the Park Board annual budgeting cycle, including any salary or wage increases negotiated under the collective agreement annually, and the Association will advise the Park Board of its decision to approve or not approve the costs within 60 days of such request for approval from the Park Board.
The Association acknowledges that, if it chooses to not approve all or any portion of the Staffing Cost Recovery Payment costs, the Park Board has the right to adjust staffing levels to reflect the lack of funding, up to and including elimination of the position that was formerly covered by the Staffing Cost Recovery Payment.
The term "Recovery Payment" means 95% of the aggregate amount of the Litigation Recovery to which the Shareholders are entitled as a result of their ownership of Rights.
Each Shareholder does not have the right to receive any distribution or payment from the Company and/or the Bank pursuant to this Agreement, nor does the Company and/or the Bank have a duty to make any payment to each Shareholder or distribution pursuant to this Agreement, except in each case to the extent of the Recovery Payment, if any, and except as described herein.
If the Company fails to pay any Community Recovery Payment when due, interest shall be paid by the Company thereon at the rate of 6% per annum from the date of the Authority notice to the Company of a failure to make such payment until paid.
If the Company fails to pay any Community Recovery Payment when due, interest shall be paid by the Company thereon at the rate of 6% per annum from the thirtieth (30th) day following the date of the Authority notice to the Company of a failure to make such payment until paid.

More Definitions of Recovery Payment

Recovery Payment means any money representing principal of a Loan and any premium or penalty with respect thereto received or recovered by the Administration, in excess of any expenses necessarily incurred by the Administration in collection thereof, from (i) the sale or other disposition of a Development, (ii) Prepayments, (iii) condemnation of a Development or part thereof, to the extent not needed to improve or repair the Development, (iv) other proceedings taken in the event of default by the Borrower, (v) the sale or other disposition of a Loan and Mortgage in default for the purpose of realizing on the mortgagee’s interest therein, (vi) to the extent not needed to improve or repair the Development, hazard insurance, or (vii) the payment of principal of a Loan by a Credit Enhancer as a result of any of the events described in the preceding clauses (ii) through (vi) with respect to a Loan subject to Credit Enhancement.

Recovery Payment means 95% of the aggregate amount of the Litigation Recovery to which the Shareholders are entitled as a result of their ownership of Rights.

Recovery Payment means any Grocery Recovery Payment, City Benefits Recovery Payment and/or Investment Recovery Payment.

Recovery Payment means the rescinding, restoring or returning by any Secured Party of any payment, or any part thereof, of any amount of the Obligations if (a) such payment was made to the Secured Party pursuant to Section 4.3 after the occurrence of an Enforcement Event and (b) such rescinding, restoring or returning is required in connection with the insolvency, bankruptcy, dissolution, liquidation or reorganization of any or all of the Loan Parties, upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any of the Loan Parties or any substantial part of their respective property or otherwise.

Recovery Payment has the meaning set forth in the definition of "Extraordinary Receipt."

Recovery Payment is due to the Insurer at the time of occurrence of any such “Excluded Policy Event”, all or a portion of such “Recovery Payment” equal to the quotient of the face amount of such “Covered Policy” divided by the face amount of the “Covered Portfolio” (including such “Covered Policy”) shall be due within ninety (90) days of such “Excluded Policy Event”.