Upgrade Payment definition

Upgrade Payment means a prepayment amount equal to the remaining unpaid Principal Balance of the related Receivable determined as of the date of the relevant upgrade, after giving effect to any prepayment made by the related Obligor in connection with the related Upgrade Offer.
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Upgrade Payment has the meaning set forth in Section 2.2.1 of this Agreement. Verizon Originators has the meaning set forth in the preamble of this Agreement.
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Upgrade Payment means, with respect to an EIP sales contract, the Receivable arising therefrom and the Upgrade Program associated therewith, a prepayment amount equal to the remaining unpaid principal balance of such Receivable, determined as of the date of the relevant upgrade, after giving effect to any prepayment made by the related Obligor in connection with exercising his or her Upgrade Program Benefit under such Upgrade Program.
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Examples of Upgrade Payment in a sentence

  • The parties hereto intend that the payment by the Marketing Agent or the related Originator of the Upgrade Payment as provided in this Section 4.3(g) shall extinguish such Obligor’s claim in recoupment against the related Originator and the Obligor’s right to offset the amount of that claim against the amounts that the Obligor would owe under the New Upgrade DPP contemporaneously with such Upgrade Payment by the Marketing Agent or the related Originator.

  • If Seller’s default continues uncured for more than 20 days after Seller’s receipt of Purchaser’s Default Notice, then Purchaser may terminate this Agreement, in which event Purchaser will be entitled to a return of an amount equal to the sum of the Xxxxxxx Money and Upgrade Payment, if any, which will be Purchaser’s sole and exclusive remedy.

  • The Sellers shall enforce the obligations of the Originators to make any payments of any Lease Upgrade Payment Amount in accordance with the terms of the Sale Agreement.

  • The Servicer shall enforce the obligations of the Originators to make any payments of any Lease Upgrade Payment Amount in accordance with the terms of the Sale Agreement.

  • If this Agreement is terminated pursuant to this Section 8.17, then promptly after Seller has actual knowledge of such termination, Seller shall promptly notify the Title Company, and the Title Company shall release the Earnest Money to Seller and Seller shall retain the Upgrade Payment.

  • Once paid, the Upgrade Payment shall be immediately nonrefundable except in the event of a Seller default hereunder.

  • If you do not agree to any such upgrade, you may terminate this Agreement (or cancel your Hosting Services, as applicable) as provided herein within five (5) days of such upgrade; otherwise all such changes will be effective with respect to your account, and you agree that we are authorized to charge your Credit Card for any Upgrade Payment and your new Hosting Service Fees.

  • Any Prorated Upgrade Payment and your new Hosting Service Fees will be automatically charged to your Credit Card, and you hereby agree that Xxx.xxx is authorized to charge your Credit Card.

  • If Purchaser’s default continues uncured for more than 20 days after Purchaser’s receipt of Seller’s Default Notice, then Seller will have the right to terminate this Agreement and will be entitled to retain the Xxxxxxx Money and Upgrade Payment, if any, as liquidated damages (“Seller’s Liquidated Damages”).

  • The Upgrade Contract Originator and the Marketing Agent intend that the grant of such security interest in such New Upgrade DPP shall be contemporaneous with the payment by the Marketing Agent of the Upgrade Payment set forth in Section 2.2.1 to satisfy the obligation of the customer under the related Receivable and the obligation of the Upgrade Contract Originator under the related Upgrade Contract.