Current in Payment Clause Samples

The "Current in Payment" clause requires that a party must be up to date with all required payments under the agreement. In practice, this means that the party cannot be in default or have any overdue amounts outstanding at the time certain rights or benefits are exercised, such as receiving services or invoking remedies. This clause ensures that parties remain financially compliant throughout the contract, thereby reducing the risk of disputes and maintaining the integrity of the contractual relationship.
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Current in Payment. As of the Cut-Off Date, such Contract is no more than 30 days delinquent in payment as to all or any portion of any installment of Monthly P&I.
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Current in Payment. As of the (A) Closing Date (with respect to each Initial Contract) and (B) related Subsequent Transfer Date (with respect to each related Subsequent Contract), such Contract is no more than 30 days delinquent in payment as to all or any portion of any installment of Monthly P&I.
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Current in Payment. As of the Statistical Calculation Date, such Contract is no more than 30 days delinquent in payment as to all or any portion of any installment of Monthly P&I.
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Current in Payment. The Contract is not a Delinquent Receivable or Defaulted Receivable as of such date. Except with respect to Receivables transferred on the Initial Closing Date, no Contract is more than 30 days past due as of the related Closing Date.
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Current in Payment. As of the related Closing Date, the Contract is not a Delinquent Contract.
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Related to Current in Payment

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • ALL-IN PAYMENTS It is agreed all-in payments breach the award and this Agreement. All-in payments to employees will not be made. Where it is alleged all-in payments are being made, the provisions of the VBIA shall apply.

  • Report-In Pay An employee who reports to work on a regularly scheduled workday without previous notice not to report shall receive a minimum of four (4) hours work or four (4) hours pay in lieu thereof at the applicable hourly rate.

  • Delay in Payment Notwithstanding anything else to the contrary in this Agreement, the BEP, or any other plan, contract, program or otherwise, the Company (and its affiliates) are expressly authorized to delay any scheduled payments under this Agreement, the BEP, and any other plan, contract, program or otherwise, as such payments relate to the Executive, if the Company (or its affiliate) determines that such delay is necessary in order to comply with the requirements of Section 409A of the Internal Revenue Code. No such payment may be delayed beyond the date that is six (6) months following the Executive’s separation from service (as defined in Section 409A). At the end of such period of delay, the Executive will be paid the delayed payment amounts, plus interest for the period of any such delay. For purposes of the preceding sentence, interest shall be calculated using the six (6) month Treasury ▇▇▇▇ rate in effect on the date on which the payment is delayed, and shall be compounded daily. If the conditions of the severance exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) (or any successor Regulation thereto) are satisfied, payment of benefits shall not be delayed for six (6) months following termination of employment to the extent permitted under the severance exception.

  • CALL-IN PAY 14.01 An employee who is called in to work outside their regularly scheduled hours shall be paid a minimum of four (4) hours pay at their applicable rate whenever there is a break between the employee's regularly scheduled hours and the work the employee is called to perform.