The phrase "payment obligation" is a correct and usable part of a sentence in written English.
For example, you can use the phrase "payment obligation" to describe a contractual agreement to pay money, such as, "The contract stated that the buyer had a payment obligation of $5,000."
That money, then, would go to J. P. Morgan to meet the variable payment obligation of Mahonia.
I am not trying to get out of my payment obligation, I just wish that I could talk with someone who could put me on a manageable repayment plan and adjust this annually, as my income rises.
Sycamore must satisfy an undisclosed "payment obligation to Seven Seas" within nine months, "or such longer period as agreed in writing by the parties" – if that is done, the case against Sycamore will be dropped.
The insurer (which could be a bank, an investment bank or a hedge fund) is required to post collateral to support its payment obligation, but in the insane credit environment that preceded the credit crisis, this collateral deposit was generally too small.
The President proposes to slash that payment obligation by at least 50% for brand-name drugs to help the middle class, ostensibly using concessions offered by drugmakers.
The Borrower's Payment Obligation Is Rigid: Perhaps the feature that causes the most problems is the absolute rigidity of the payment obligation.
But it's possible that payment patterns indicate a user's ability to meet payment obligations.
Of course, should the House pass such a bill, Senate Democrats could well send it back amended, with an unemployment component that is also free of payment obligations.
When Jackson died last June, at 50, he left assets that have been valued at up to $1 billion, as well as payment obligations on a heavy debt load.
In the context of trades, participating clubs will be permitted to allocate cap charges and related salary payment obligations between them, subject to specified parameters.
"The Star Tribune currently has sufficient liquidity and is current on all its debt payment obligations," Harte said in a statement issued Sunday afternoon.
