Required Payment Date definition

Required Payment Date means the date by which you must pay the Required Payment, as shown

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Required Payment Date means (a) the date or time when payment is due according to a written agreement between the parties; (b) thirty days after the state agency receives a proper invoice for the amount due if a specific payment date or time of payment is not established by such a written agreement; or (c) with respect to claims submitted to the department of human jobs and family services by providers of equipment, materials, goods, supplies, or services, either (i) the date or time when payment is due under the terms of a written agreement between the department and the provider or (ii) thirty days after the department receives a proper claim if a specific payment date or time of payment is not established by a written agreement.

Required Payment Date means a date by which you must pay a Required Payment as shown on a monthly statement. Your first Required Payment Date may fall less than one month from the day you draw down. Each following Required Payment Date will be one month after the last Required Payment Date.

Examples of Required Payment Date in a sentence

• The Required Payment Date shall be thirty (30) Days after the date the parties are formally notified of the Contract Dispute Resolution Board’s decision.

• All such amounts paid by the LC Issuer and remaining unpaid by the Borrower after the applicable LC Required Payment Date shall bear interest, payable on demand, for each day until paid at a rate per annum equal to (after giving effect to any Revolving Loan pursuant to the preceding sentence) the sum of 2.00% per annum plus the rate applicable to Base Rate Advances for each such day after such LC Required Payment Date.

• In the event that the Required Payment Date for any such payment is postponed, Seller shall deliver such payment to Buyer on the postponed Required Payment Date, together with interest thereon for the period from and including the original Required Payment Date to but excluding such postponed Required Payment Date at a per annum rate equal to the three-month Treasury Rate as of the original Required Payment Date.

• The Required Payment Date shall be thirty (30) days after the date the parties are formally notified of the CDRB’s decision.

• Subsequent to the expiration of the Borrowing Term, the Maximum Permitted Outstanding Principal Balance on each Required Payment Date shall equal the respective percentages set forth below of the outstanding principal balance of the Loan (inclusive of all unpaid Tranches) at the expiration of the Borrowing Term.

More Definitions of Required Payment Date

Required Payment Date. As defined in Section 8.1.

Required Payment Date has the meaning provided in Section 6.01(a)(i).

Required Payment Date means the date a Required Payment is required to be paid under this Agreement. “Section 355(e) Agreements” has the meaning set forth in Section 4.2(c) of this Agreement.

Required Payment Date means the date a Required Payment is required to be paid under this Agreement.

Required Payment Date the meaning given to it in Section 2.7(b) hereof. Reservation System: the method, arrangement or procedure including any computer network and software employed for the purpose of enabling or facilitating the operation of the system which enables each Purchaser to utilize such Purchaser's right to reserve a use period in a Timeshare Project in accordance with the provisions and conditions set forth therein.  Reservation System License: a non-exclusive license granted by Bluegreen Resorts Management, Inc. to Lender as of the date of this Agreement entitling Lender to the non-exclusive license to use the Reservation System upon the terms and conditions described therein.  Resolution: a resolution of a corporation certified as true and correct by an authorized officer of such corporation, a certificate signed by such members, the manager or managers and/or the authorized officers of a limited liability company as may be required by applicable law and by the Articles of Organization of such limited liability company, or a partnership certificate signed by all of the general partners of such partnership and such other partners whose approval is required.  Second A&R Loan Agreement: defined in the Background Statements.  Security Documents: the Assignments, this Agreement, the Reservation System License, and all other documents now or hereafter securing the Obligations, as they may be from time to time be amended, supplemented or restated.  Securitization: a Note Receivable purchase or financing securitization transaction or similar conduit transaction, pursuant to which Borrower or any Affiliate of Borrower sells, transfers, or pledges Notes Receivable to a third party (other than Borrower or any Affiliate of Borrower) and in connection therewith, Borrower or any Affiliate of Borrower serves as a “servicer” or “issuer” rather than a “borrower” with respect to such Notes Receivable; provided however the portfolio characteristics of the remaining pledged Notes Receivable (such as weighted average FICO Score, weighted average interest rate and other measurable characteristics, but exclusive of seasoning) shall be substantially similar to the characteristics in existence prior to the release of such Notes Receivable.

Required Payment Date means in the case of any DSR LOC Loan, the DSR LOC Loan Required Payment Date, in the case of a DSR LOC Term Loan, the applicable DSR LOC Term Loan Required Payment Date or in the case of any DSR Bond, the Final Maturity Date.

Required Payment Date has the meaning specified in Section 5.05.