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Timely Payments definition

Timely Payments. We have never missed a payment to an officer or agency. This reliability is critical in maintaining trust and confidence among our partners. • Skilled Financial Team: Our highly skilled and experienced financial team, coupled with our state-of-the-art software, ensures precise and timely financial operations. • Operational Cash Flow: Our strong operational daily cash inflow and liquidity allow us to respond instantly to financial needs, ensuring seamless service delivery. INSURANCE AND RISK MITIGATION Our financial strength is complemented by superior insurance coverage that mitigates risks for our agency partners. • Workers' Compensation Coverage: ODM offers excellent workers' compensation coverage, as acknowledged by Xxxxxxxxx, providing an extra layer of security for our partners. • Comprehensive Insurance: We offer comprehensive liability and workers' compensation insurance rated A (Excellent) by X.X. Xxxx. This coverage includes general liability for all parties involved, significantly reducing risk exposure. EXAMPLES OF FINANCIAL STABILITY IN ACTION Several high-profile agencies and departments have partnered with ODM, leveraging our financial strength and stability to enhance their operations. • Massachusetts State Police: Utilizing ODM's software and services to manage their off-duty scheduling and staffing needs. • Arizona Department of Education: Partnered with ODM to manage their state's school safety program, demonstrating trust in our financial and operational capabilities. • City of Baltimore: Expanding services to support diverse needs, including large- scale special events and weather events. SUPPORTING DOCUMENTS To provide further evidence of our financial strength and stability, we have attached the following documents: • Reference Letters: Detailed reference letters from our banking and insurance partners, attesting to our financial stability and exceptional risk management controlsFinancial Statements available upon request. ODM is a privately held company, and this is proprietary information. * (See Attachments: FS2 – Chase Bank Letter FS3 – ODM Insurance Coverage FS4 – C.O.I 2024 FS5 – AJG Infographic FS6 – Workers' Compensation EMR FS7 – Xxxxxxxxx Sourcewell Letter) CONCLUSION ODM's financial strength and stability are unmatched in the industry, providing a secure foundation for delivering comprehensive staffing and related services and solutions. Our debt-free operations, substantial liquidity, and superior insurance coverage ens...
Timely Payments and a lack oflate paymentsfor purposes of an Airline lessee receiving a reduction or waiver of its security deposit mean that the tenant has not had 3 or more “delinquent” payments, as defined in Section 5 of this Security Deposit Policy statement, in the 24-month or 12-month qualifying period, whichever may be applicable.

Examples of Timely Payments in a sentence

  • Timely Payments to Subcontractors The Contractor promises that it will pay its subcontractors within 10 days following receipt of payment from the Authority.

  • The agency agrees to make payment in accordance with Mississippi law on "Timely Payments for Purchases by Public Bodies," which generally provides for payment of undisputed amounts by the agency within forty-five (45) days of receipt of invoice.

  • Said payment is subject to the “Due Date” provided in Section 4.10 (Payment Procedure, Place of Payment and Statement Filing) and Section 4.12 (Failure to Make Timely Payments).

  • The MID agrees to make payment in accordance with Mississippi law on "Timely Payments for Purchases by Public Bodies", which generally provides for payment of undisputed amounts by the agency within forty-five (45) days of receipt of invoice.

  • The Department of Finance and Administration (DFA) agrees to make payment in accordance with Mississippi law on "Timely Payments for Purchases by Public Bodies", Section 31‑7‑305, et seq.

  • Books; Candy and gum; Custody; Dress Code; Harassment; Licensing; Timely Payments; Tuition Assistance; VisitorsD.

  • Please note, an F = Substandard Achievement Rating supersedes any rating earned as the result of the school district meeting the criteria of a ceiling indicator.Determination of rating based on meeting ceiling criteria.Maximum PointsMaximum RatingIndicator 4 (Timely Payments) - School district was issued a warrant hold.

  • The STATE OF MISSISSIPPI agrees to make payment in accordance with Mississippi law on "Timely Payments for Purchases by Public Bodies", Section 31-7-301, et seq.

  • The agency agrees to make payment in accordance with Mississippi law on "Timely Payments for Purchases by Public Bodies", which generally provides for payment of undisputed amounts by the agency within forty-five (45) days of receipt of the invoice.

  • Timely Payments: I understand an account shall be considered delinquent after the 25th of the month.

Related to Timely Payments

  • Untimely payment means a payment to a subcontractor that is more than 90 days past due under the terms and conditions of a subcontract for supplies and services for which the Government has paid the prime contractor.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Payments means the payments made to the Contractor by the Client pursuant to the terms and conditions of this Agreement.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Grant Agreement, including any unapproved expenditures. Xxxxxxx understands and agrees that it shall be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Grant Agreement. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Grant Agreement.

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

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

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

  • 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.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Tax fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • 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.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • PRE-PAYMENT The Tenant shall: (check one)

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the Master Servicer or the Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

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

  • Deductions means any deductions which the Employment Business may be required by law to make and in particular in respect of PAYE pursuant to Sections 44-47 of the Income Tax (Earnings and Pensions) Act 2003 and Class 1 National Insurance Contributions;

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.