Annual Credit definition

Annual Credit means the cumulative amount of (x) $1,100,000,000 plus (y) $250,000,000 for each fiscal year of the Designated Company commencing after the Closing Date (beginning with the fiscal year commencing April 1, 2017) minus (z) in each case from and after the Closing Date until the applicable time of determination, (and taking into all transactions being consummated concurrently with the transaction then being measured), (i) the cumulative amount of all Investments made pursuant to Section 6.04(r)(iii), (ii) the cumulative amount of all Dividends made pursuant to Section 6.08(d)(ii) and (iii) the cumulative amount of all payments and redemptions of Indebtedness made pursuant to Section 6.11(a)(i)(z)(2).

Annual Credit means the cumulative amount of $150,000,000 for each fiscal year of the Borrower commencing after the Closing Date (beginning with the fiscal year commencing April 1, 2011) minus, in each case from and after the Closing Date until the applicable time of determination (and taking into all transactions being consummated concurrently with the transaction then being measured), (x) the cumulative amount of all Investments made pursuant to Section 6.04(r)(iii), (y) the cumulative amount of all Dividends made pursuant to Section 6.08(d)(ii) and (z) the cumulative amount of all payments and redemptions of Indebtedness made pursuant to Section 6.11(a)(i)(y)(2).

Annual Credit means an annual credit against Payments-in-Lieu-of-Taxes as described in Section 5.2 hereof, which credit is granted by the County to the Company and the Sponsor Affiliate for the purpose of defraying a portion of the cost of the Infrastructure Improvements pursuant to one or more of the Act, the Infrastructure Law and the MCIP Law.

Examples of Annual Credit in a sentence

• Table C1b SLE < 10 min.'s 10-30 min.'s 30-60 min.'s 1-2 hours 2-4 hours over 4 hours Annual Credit to Registrar Community $ 7,500 $ 15,000 $ 25,000 $ 35,000 $ 50,000 $ 75,000 C1b Availability Example: In a given Service Level Measurement Period, the measured Nameserver Availability is 99.990% over a twelve (12) month period, which equates to 52 minutes of downtime.

• Any unused Annual Credit for each calendar year during the Term will expire at the expiration of such calendar year.

• Annual Credit added to the employee tool accounts on the contract year effective date.

• Annual Credit of Leave Employees shall be credited with eighty (80) hours of administrative leave each fiscal year.

• Equipment/services: - Domestic Heat Meters - Non-Domestic Heat Meters - Heat Cost Allocators - Bulk Meters - Installation and Commissioning - Pre-payment option, - Supply & remote commissioning of communication module - Annual Credit Billing & Customer Care Service - System and Installer Training - Consultancy Services Installations will be in line with the agreed access methodology done by the designated Resident Liaison Officer (RLO).

More Definitions of Annual Credit

Annual Credit means the credit described in Section 5.2 hereof, which credit is granted by the County to the Company and the Sponsor Affiliate for the purpose of reimbursing a portion of the cost of the Infrastructure Improvements pursuant to one or more of the Act, the Infrastructure Law and the MCIP Law.

Annual Credit means the cumulative amount of (x) $1,600,000,000 plus (y) $250,000,000 for each fiscal year of the Designated Company commencing after February 21, 2020 (beginning with the fiscal year commencing April 1, 2019) minus (z) in each case from and after February 21, 2020 until the applicable time of determination, (and taking into all transactions being consummated concurrently with the transaction then being measured), (i) the cumulative amount of all Investments made pursuant to Section 6.04(r)(iii), (ii) the cumulative amount of all Dividends made pursuant to Section 6.08(d)(ii) and (iii) the cumulative amount of all payments and redemptions of Indebtedness made pursuant to Section 6.11(a)(i)(z)(2). As of the Effective Date, Annual Credit equals the “Annual Credit” as defined in the Secured Term Loan Credit Agreement. For the period commencing on February 22, 2020 and ending on the Effective Date, the section references in clauses (i) through (iii) above shall be deemed to refer to the corresponding section in the Secured Term Loan Credit Agreement as in effect on the Effective Date.

Annual Credit shall have the meaning set forth in SECTION 4.5.

Annual Credit. Customer will receive three credits each equal to $7,200 to be applied to Customer’s Total Service Charges incurred for Interstate and International Services.

Annual Credit means an annual credit made on behalf of an Active Participant by the Company as more fully described in Section 7. In the event the Committee elects to credit an Active Participant with an Annual Credit for a Plan Year, the amount of such Annual Credit for any such Plan Year shall be equal to six percent (6%) of such Active Participant’s Annual Base Salary on January 1 of the applicable Plan Year. The Annual Credit shall be pro rated as specified in Section 2.19 to reflect a partial year of participation with respect to any Employee who becomes an Active Participant after January 1 of the applicable Plan Year.

Annual Credit means the amount calculated as the Annual Credit for each Parcel pursuant to Section E.

Annual Credit means, for each Assessment Year, for each Parcel, the (i) the Annual Installment for the Parcel for that year (ii) less the Annual Payment for the Parcel for that Assessment Year.