Payment Distribution Sample Clauses

Payment Distribution. If the Corporation pays the minimum amount required on the monthly statement, said payment will be distributed as follows: First to the INTEREST CHARGES and the remainder will be applied first to the balance with the lower APR and after to the balances with the higher APR in ascending order. This means that the balances with the higher APR will not be lowered until the balances with the lower APR are not completely paid off. If the Corporation paid a higher amount than the minimum payment required, the excess will be applied to the higher debt. The payments made by electronic, phone or mail will be credited on the same day they were received if they were received on or before 2:00 p.m. from monday through friday (except on Holidays) The payments made through mail shall be received at the address that appears on the Statement, be made by check from the Bank and include the payment slip. Payments that do not comply with these requisites may take up to five (5) working days during which they will not collect interests.

Payment Distribution. For purposes of these payments, all calculations of amounts due shall be based upon the previous months activity of the gaming facility's machines. Payments due to the SPV pursuant to these terms shall be paid no later than twenty-five (25) days after the last day of each calendar month. Any payments due and owing from the Company in the month the SPV is approved, or the final month the Agreement is in force, shall reflect the net win, but only for the portion of the month the Agreement is in effect. The Parties agree that, after the effective date hereof, the Company shall provide gaming machines and shall make monthly payments as specified on the 5th day of each month for the previous month's net win as stated herein.

Payment Distribution. Distribution of incentive payments may upon mutual agreement between the District and the Association be disbursed on an alternate payment schedule as agreed upon by both parties involved.

Payment Distribution. During the construction phase of the facility, payment of the Community Service Fee pursuant to the Enterprise Zone Agreement the distribution shall be as follows: South Coast Community Education Foundation; SCCF Treasurer 50% Waterfront Development Partnership; Chief Executive Officer, Oregon International Port of Coos Bay 15.75% Southwestern Oregon Community College; President 4% Coos County Library Service District; Coos County Treasurer 4.25% Oregon International Port of Coos Bay; Chief Executive Officer 3.75% Coos County; Coos County Treasurer 18.5% Southwest Oregon Regional Airport; Business Manager 1.75% North Bay Rural Fire Protection District; Fire Chief 1.5% 4H and Extension Service; Coos County Treasurer .5% Starting with the first year of the operations phase of the facility, the Community Service Fee payments under the Enterprise Zone Agreement shall be distributed through the remainder of the term of the Enterprise Zone Agreement as follows: South Coast Community Education Foundation; SCCF Treasurer 50% Waterfront Development Partnership; Chief Executive Officer Oregon International Port of Coos Bay 25% Southwestern Oregon Community College; President 4% Coos County Library Service District; Coos County Treasurer 4.25% Oregon International Port of Coos Bay; Chief Executive Officer 3.75% Coos County; Coos County Treasurer 9.25% Southwest Oregon Regional Airport; Business Manager 1.75% North Bay Rural Fire Protection District; Fire Chief 1.5% 4H and Extension Service; Coos County Treasurer .5%

Payment Distribution. 8 1.95 Permitted Encumbrance ...............................................8 1.96 Person ..............................................................8 1.97 Potential Default ...................................................8

Payment Distribution. Payment of the Community Service Fee pursuant to the Enterprise Zone Agreement shall be as follows: South Coast Community Education Foundation; SCCF Treasurer 50% Waterfront Development Partnership; Chief Executive Officer, Oregon International Port of Coos Bay 15.75% Southwestern Oregon Community College Foundation Executive Director 4% Coos County Library Service District; Coos County Treasurer 4.25% Oregon International Port of Coos Bay; Chief Executive Officer 3.75% Coos County; Coos County Treasurer 18.5% Southwest Oregon Regional Airport; Business Manager 1.75% North Bay Rural Fire Protection District; Fire Chief 1.5% 4H and Extension Service; Coos County Treasurer .5%

Payment Distribution. At the closing of the Stock Purchase, the payment of $550,000 set forth on Exhibit 2.4 of the Stock Purchase Agreement shall be paid to Consultant.

Payment Distribution. Within ten (10) Business Days after the date that is the later of (i) the acceptance of the Earnout Notice or Seller Earnout Notice or (ii) a determination is made in accordance with Section 3.2(c), Buyer shall distribute the requisite Earnout Consideration provided for in Section 3.2(c)(i) (Earnout Cash) and Section 3.2(c)(ii) (Earnout Stock); provided, that, in the event that Buyer delivers a Quarterly Notice which provides that a Cash Revenue Target has been met, Buyer shall distribute the requisite Earnout Cash Payment within ten (10) Business Days after the date of such Quarterly Notice.

Payment Distribution. If you pay the minimum payment required, this payment will be applied first to the finance charges, and the residue will be proportionally applied to the merchandise purchases or services and cash advances according to the new balance that each one of them has by the monthly billing statement. If you pay in excess, it will be applied to the most onerous balance. Default: BCFCU has the right to demand immediate payment of your account balance or a portion of it, if you fail to make three (3) consecutive monthly payments; or fail to make your payment or other required payments by the due date. If on two occasions you were unable to pay one or more consecutive payments and you make a partial payment of the amount due, and Stolen / Lost Card: You must notify BCFCU immediately in writing and / or by phone at Changing or terminating your account: BCFCU may change the terms of this Agreement for time to time. Notice of any changes will be given in accordance with applicable laws and with no less than fifteen (15) days prior to the date the changes become effective. Any changes related to finance charges will be applied to the outstanding balance at the moment the changes become effective. The same applies to purchases and/or services, and cash advances made at the effective date, if you are not satisfied by the changes made, you may terminate this Agreement in writing with no less than fifteen (15) days of notice afterward the changes are in force. You must cut of your card(s) and return it to BCFCU. You will continue paying the outstanding balance conforming the previous terms and conditions. Any rate changes to the finance charges that occur in or by the date the requested credit is approved, will be notified with no less than fifteen (15) days prior to the effective date in which you receive a new card(s). You agree to the changes, terms and conditions when you use the new card. Agreement: This Agreement is the contract which applies to all transactions on your account even though the sales, cash advances, credit or other slips you sign or receive may contain different terms. This Agreement is the final expression of the terms and conditions of this Master Card account between you and BCFCU. This written agreement may not be contradicted by evidence of any alleged oral agreement. BCFCU may also delay enforcing any of our rights under this Agreement at any time without affecting any of our other rights under this agreement. BCFCU may also delay enforcing our ri...