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.

Related to Upgrade Payment

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Delta Payment means as it is described in this Agreement.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Interim Payment has the meaning specified in Section 10.1.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Workout-Delayed Reimbursement Amount As defined in subsection (II)(i) of Section 3.05(a).

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

  • 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.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Damage Payment means the dollar amount equal to the amount initially posted as Project Development Security pursuant to Section 8.4(a).