Deferred Payment Balance Sample Clauses

Deferred Payment Balance. On the six month anniversary of the ------------------------ Closing Date, DoveBid shall pay the balance of the Deferred Payment, if any, to the Representative (for distribution by him to the Shareholders) provided that, if on such date, there is outstanding an unresolved Notice of Claim or Contested Claim (as defined in Article VIII hereof), an amount equal to the amount of Damages (as defined in Article VIII hereof), claimed in such Notice of Claim or Contested Claim shall be withheld from such payment to the Representative, pending resolution of the Notice of Claim or Contested Claim pursuant to the Article VIII hereof.
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Deferred Payment Balance. Purchaser acknowledges and agrees that as of the date hereof the Deferred Payment Balance is the amount of principal, accrued and capitalized interest and expenses Purchaser owes to Vendor in connection with forbearances made by Vendor to Purchaser under the Deferred Payment Agreement. Subject to the terms and conditions, and subject to the limitations, herein set forth, Vendors agree, in accordance with this SECTION 2, to make a Forbearance in the full amount of the Deferred Payment Balance ("Deferred Payment Balance Forbearance") as of the date hereof, which amount shall be repaid in accordance with the terms and conditions set forth herein.
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Related to Deferred Payment Balance

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Deferred Interest The amount by which the interest due on a Mortgage exceeds the borrower’s monthly payment, which amount is added to the unpaid principal balance of the Mortgage.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.