Funding Payment Definition | Law Insider (2024)

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • 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.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Trust Reimbursem*nt Amount As defined in Section 3.06A(a) of this Agreement.

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • 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.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or Collateral (as defined in each Indenture).

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.

  • Payment Amount has the meaning specified in Section 6.1.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Additional Amount Payment means a payment to a Holder of MuniFund Term Preferred Shares of an amount which, when taken together with the aggregate amount of Taxable Allocations made to such Holder to which such Additional Amount Payment relates, would cause such Holder’s dividends in dollars (after federal income tax consequences) from the aggregate of such Taxable Allocations and the related Additional Amount Payment to be equal to the dollar amount of the dividends that would have been received by such Holder if the amount of such aggregate Taxable Allocations would have been excludable (for federal income tax purposes) from the gross income of such Holder. Such Additional Amount Payment shall be calculated (i) without A-1 consideration being given to the time value of money; (ii) assuming that no Holder of MuniFund Term Preferred Shares is subject to the federal alternative minimum tax with respect to dividends received from the Fund; and (iii) assuming that each Taxable Allocation and each Additional Amount Payment (except to the extent such Additional Amount Payment is designated as an exempt-interest dividend under Section 852(b)(5) of the Code) would be taxable in the hands of each Holder of MuniFund Term Preferred Shares at the maximum marginal regular federal individual income tax rate applicable to ordinary income or net capital gains, as applicable, or the maximum marginal regular federal corporate income tax rate applicable to ordinary income or net capital gains, as applicable, whichever is greater, in effect at the time such Additional Amount Payment is paid.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

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

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

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

  • Funding Amount has the meaning specified in Section 3.2(a).

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • Reimbursem*nt Amount As defined in Section 2.04.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Funding Payment Definition | Law Insider (2024)

    FAQs

    Funding Payment Definition | Law Insider? ›

    Related Definitions

    What is the legal definition of payment? ›

    The performance of a duty, promise, or obligation, or discharge of a debt or liability, by the delivery of money or other value.

    What does payment funded mean? ›

    Payment Fund means cash in an amount sufficient to make payment of the Merger Consideration pursuant to Section 2.1(c) in exchange for all of the outstanding shares of Company Common Stock (other than shares of Company Common Stock cancelled in accordance with Section 2.1(b)).

    What is the meaning of funds paid? ›

    Funds Payment means according to the Borrower's request, the Lender pays the funds of the loans into the Deposit Account, which is opened by the Borrower in the Lender's Operating Branch or settlement operation branch.

    What is a pay fund? ›

    Payroll funding, also known as payroll financing, is a way that organizations can receive capital in order to pay their employees. This is useful for businesses that receive customer payments at longer intervals than when they pay their employees.

    What are the legal terms of payment? ›

    Payment terms inform customers about what payments you accept, due dates or deadlines, and penalties for late or missed payments. Your payment terms must follow all applicable laws for your business and consumers. Having clear payment terms encourages on-time payments and builds trust with your customers.

    How do you define payment? ›

    A payment is the tender of something of value, such as money or its equivalent, by one party (such as a person or company) to another in exchange for goods or services provided by them, or to fulfill a legal obligation or philanthropy desire.

    What is the legal definition of fund of funds? ›

    A fund of funds (FOF)—also known as a multi-manager investment—is a pooled investment fund that invests in other types of funds. In other words, its portfolio contains different underlying portfolios of other funds.

    What is fund pay? ›

    Fundpay is a budgeting and payment platform in one. Smart, proactive and discreet. Register in the app. Start payments to your Fundpay wallet.

    What is the difference between funds and funding? ›

    A fund is an already existing collection of money. Funding is the source of that collection. In other words, funding is the money coming into the fund. They can often be used interchangeably, but they do mean slightly different things.

    What is the concept of funds? ›

    Key Takeaways. A fund is a pool of money set aside for a specific purpose. The pool of money in a fund is often invested and professionally managed in order to generate returns for its investors. Some common types of funds include pension funds, insurance funds, foundations, and endowments.

    What is the meaning of pay pay? ›

    pay, compensate, remunerate, satisfy, reimburse, indemnify, repay, recompense mean to give money or its equivalent in return for something. pay implies the discharge of an obligation incurred. paid their bills. compensate implies a making up for services rendered. an attorney well compensated for her services.

    What is a fund and how does it work? ›

    Funds are collective investments, where your and other investors' money is pooled together and spread across a wide range of underlying investments, helping you spread your overall risk. The value of investments can fall as well as rise and you could get back less than you invest.

    What is the best definition of payment? ›

    Payment is the exchange of money, goods, or services for goods and services in an acceptable amount to both parties and has been agreed upon in advance. You can pay with cash, a check, a wire transfer, a credit card, a debit card, or even cryptocurrency. Understanding Payment.

    What is the legal definition of pay? ›

    PAY Definition & Legal Meaning

    To pay is to deliver to a creditor the value of a debt, either in money or in goods, for his acceptance, by which the debt Is discharged.

    What constitutes payment? ›

    Payment is the performance of an obligation to pay money. A person under such an obligation is called a debtor, and a person to whom the obligation is owed is called a creditor. The obligation may arise in various ways, but it is most commonly the result of a commercial transaction or contract between the parties.

    What is the full meaning of payment? ›

    noun. something that is paid; pay; an amount paid; pay; compensation; recompense. the act of paying. pay. reward or punishment; requital.

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