Examples of Initial Payment in a sentence
Initial Payment - each of the initial payment amounts described in Clause 5.3. of this agreement Interface Problem - as defined in Clause 12.4.1 of this Agreement.
The Initial Payment Date on June 30, 2024 will include interest accrued from the Issue Date to, but excluding, June 30, 2024 and the last interest payment will include accrued interest from and including the last day on which interest is due hereunder to but excluding the Maturity Date.
The effectiveness of this Agreement and of any right and obligation herein is subject to Relief’s receipt of the entire Initial Payment.
On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, plus interest on that amount (if the Payment Date is not the day following the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.
The Seller acknowledges that it has received from the Buyer the sum of [***] (the "Initial Payment").