Annual Payment Obligation Sample Clauses

Annual Payment Obligation. (a) If in any Annual Year the difference between ATOPQ and quantity of Gas off taken by Buyer during the Annual Year is positive, such quantity of Gas shall be called “AGNT Quantity”. Buyer shall pay to the Seller an amount equal to the AGNT Quantity multiplied by arithmetic average of the Sales Gas Price during the Annual Year (“AGNT Amount”). The rate of exchange to be applied to convert the AGNT amount calculated in USD to INR shall be as per Clause 10.5. (b) If during an Annual Year, the Buyer has off taken Gas quantities equal to or greater than ATOPQ, then no AGNT Amount will be charged to the Buyer.
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Annual Payment Obligation. The Student's Annual Payment Obligation for the current year shall be calculated as follows:
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Annual Payment Obligation. The Annual Payment Obligation is the Payment Percentage multiplied by the Student's Annual Personal Income for a given Year (adjusted proportionally in years where the Term covers only a portion of the year).
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Annual Payment Obligation. Make individual annual payment to EMS as described herein to fund the operations and equipment purchases of equipmentneeded to effectively operate EMS. Invoices for the annualeach payment for each municipality will beshall be issued by EMS as follows: for January 1 through June 30, 2024 (6-month amount) due the first week of January 2024 and thereafter due annually the first week of July and will. The fee shall be effective for each of the three yearstotal of the contract (until 3/31/2021) and shall be:applicable stand by fee based on population plus a prorated portion of a Two Hundred Thousand and 00/100 Dollars ($200,000.00) fee paid based on the designated percentage of the overall EMS area population listed below. YEAR 1 YEAR 2 YEAR 3Tier Population Percentage Bellevue Township $ 2,917 $ 2,917 $ 2,917Tier 4 Brookfield Township $ 2,786 $ 2,786 $ 2,786Tier 4 Carmel Township $ 5,471 $ 5,471 $ 5,471Tier 3 Charlotte, City of $ 35,522 $ 35,522 $ 35,522Tier 1 Xxxxxxx Township $ 3,564 $ 3,564 $ 3,564Tier 4 Xxxxx Rapids, City of $ 13,938 $ 13,938 $ 13,938Tier 2 Xxxxx Rapids Township $ 6,060 $ 6,060 $ 6,060 Tier 3 9.5% 9,332.5% Xxxxxx Township $ 4,492 $ 4,492 $ 4,492Tier 3
Sample 1
Annual Payment Obligation. Make individual annual payment to EMS as described herein to fund the operations and equipment purchases needed to effectively operate EMS. Invoices for each payment shall be issued by EMS as follows: for January 1 through June 30, 2024 (6-month amount) due the first week of January 2024 and thereafter due annually the first week of July. The fee shall be the total of the applicable stand by fee based on population plus a prorated portion of a Two Hundred Thousand and 00/100 Dollars ($200,000.00) fee paid based on the designated percentage of the overall EMS area population listed below. Bellevue Township Tier Tier 4 Population Percentage 4.5% Kalamo Township Tier 4 4.2%* Olivet, City of Tier 2 4.0%** Sunfield Township Tier 4 3.6%
Sample 1
Annual Payment Obligation. Make individual annual payment to EMS as described herein to fund the operations and equipment purchases needed to effectively operate EMS. Invoices for each payment shall be issued by EMS as follows: for January 1 through June 30, 2024 (6-month amount) due the first week of January 2024; for July 1 through December 31, 2024 (6-month amount) due the first week of July 2024 and thereafter due annually the first week of January. The fee shall be the total of the applicable stand by fee based on population plus a prorated portion of a Two Hundred Thousand and 00/100 Dollars ($200,000.00) fee paid based on the designated percentage of the overall EMS area population listed below.
Sample 1
Annual Payment Obligation. (a) If in the first Contract Year the difference between ATOPQ and quantity of Gas offtaken by Buyer during the Contract Year is positive, such quantity of Gas shall be called “AGNT Quantity”. The GHV to be applied to convert the AGNT Quantity calculated in SCM to MMBTU shall be arithmetic average of the GHV during the Contract Year. Buyer shall pay to the Seller an amount equal to the AGNT Quantity multiplied by arithmetic average of the Sales Gas Price during the Year (“AGNT Amount”). And shall be adjusted by way of a debit note issued along with applicable sales tax liability. The rate of exchange to be applied to convert the AGNT amount calculated in USD to INR shall be as per Clause 10.5. The value arrived at (after the adjustment) would be treated as the actual amount receivable towards the supply of Gas to the Buyer. (b) If during the Contract Year, the Buyer has off taken Gas quantities equal to or greater than ATOPQ, then no AGNT Amount will be charged to the Buyer.
Sample 1
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Annual Payment Obligation. Make individual annual payment to EMS as described herein to fund the operations and equipment purchases needed to effectively operate EMS. Invoices for each payment shall be issued by EMS as follows: for January 1 through June 30, 2024 (6-month amount) due the first week of January 2024; for July 1 through December 31, 2024 (6-month amount) due the first week of July 2024 and thereafter due annually the first week of January. The fee shall be the total of the applicable stand by fee based on population plus a prorated portion of a One Hundred Eighty One Thousand, Two Hundred Fifty Two and 00/100 Dollars ($181,252.00) fee paid based on the designated percentage of the overall EMS area population listed below. Bellevue Township Tier Tier 4 Population Percentage 4.81% Kalamo Township Tier 4 4.48%** Olivet, City of Tier 4 4.26% **Kalamo Township stand by fee is 50% since also use Vermontville Tiered Stand-by Fee based on population: Tier 1 population over 7,501: $25,000 Tier 2 population between 5,001 and 7,500: $20,000 Tier 3 population between 2,001 and 5,000: $15,000 Tier 4 population under 2,000: $10,000 The annual payment amount described above (both the stand-by fee and the population- based fee) will increase each year of the Agreement in the amount of five percent (5%) over the prior year. Payments shall be due within 60 days of invoice by EMS. Interest shall accrue and be paid to EMS at a rate of five percent (5%) simple interest on the amount of any payment that is delinquent from the time it was initially due until it is actually paid. .
Sample 1

Related to Annual Payment Obligation

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • The Companys Payment Obligation The Company’s obligation to make the payments and the arrangements provided for herein will be absolute and unconditional, and will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder will be paid without notice or demand. Each and every payment made hereunder by the Company will be final, and the Company will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Sections 3.3(e) and (f) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

  • Payment Obligations Absolute The Company’s obligation during and after the Employment Period to pay the Executive the amounts and to make the benefit and other arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which the Company may have against him or anyone else. Except as provided in Section 15, all amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company will not seek to recover all or any part of such payment from the Executive, or from whomsoever may be entitled thereto, for any reason whatsoever.

  • Payment of Reimbursement Obligations (a) The Borrower agrees to pay to the Administrative Agent for the account of the Issuing Bank the amount of all Advances for Reimbursement Obligations, interest and other amounts payable to the Issuing Bank under or in connection with any Facility Letter of Credit when due, irrespective of any claim, set-off, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person, under all circumstances, including without limitation any of the following circumstances: (i) any lack of validity or enforceability of this Agreement or any of the other Loan Documents; (ii) the existence of any claim, setoff, defense or other right which the Borrower may have at any time against a beneficiary named in a Facility Letter of Credit or any transferee of any Facility Letter of Credit (or any Person for whom any such transferee may be acting), the Administrative Agent, the Issuing Bank, any Lender, or any other Person, whether in connection with this Agreement, any Facility Letter of Credit, the transactions contemplated herein or any unrelated transactions (including any underlying transactions between the Borrower and the beneficiary named in any Facility Letter of Credit); (iii) any draft, certificate or any other document presented under the Facility Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect of any statement therein being untrue or inaccurate in any respect; (iv) the surrender or impairment of any security for the performance or observance of any of the terms of any of the Loan Documents; or (v) the occurrence of any Default or Event of Default. (b) In the event any payment by the Borrower received by the Issuing Bank or the Administrative Agent with respect to a Facility Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations is thereafter set aside, avoided or recovered from the Administrative Agent or Issuing Bank in connection with any receivership, liquidation, reorganization or bankruptcy proceeding, each Lender which received such distribution shall, upon demand by the Administrative Agent, contribute such Lender's Percentage of the amount set aside, avoided or recovered together with interest at the rate required to be paid by the Issuing Bank or the Administrative Agent upon the amount required to be repaid by the Issuing Bank or the Administrative Agent.

  • Unpaid Reimbursement Obligation Any Reimbursement Obligation for which the applicable Borrower does not reimburse the Administrative Agent and the Lenders on the date specified in, and in accordance with, §4.

  • Payment Obligation The RTOs each assume responsibility for ensuring that their respective payment obligations resulting from the M2M coordination process set forth in Schedule D to this Agreement are satisfied without regard for their ability to collect such payments from their respective customers.

  • Depositor Payment Obligation The Depositor shall be responsible for payment of the Administrator’s compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred under the Administration Agreement.

  • Sharing of Reimbursement Obligation Payments Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following: (a) Local Church shall have the right to retain its Real Property and Personal Property, tangible and intangible property without charge. Any costs relating to Local Church’s retention of its property will be borne by Local Church. (b) Any unpaid apportionments for the twelve (12) months immediately prior to the Disaffiliation Date, as calculated by Annual Conference, totaling Fifteen Thousand Two Hundred Twenty and 00/100 Dollars ($15,220.00) (for clarity, any amounts paid within the twelve (12) month period set out above shall be credited to the Local Church at Closing); (c) An additional twelve (12) months of apportionments, as calculated by Annual Conference, totaling Fifteen Thousand Two Hundred Twenty and 00/100 Dollars ($15,220.00); (d) An amount equal to Local Church’s pro rata share, as determined by Annual Conference, of Annual Conference’s unfunded pension obligations, based on the Annual Conference’s aggregate funding obligations as determined by the General Board of Pension and Health Benefits using market factors similar to a commercial annuity provider, totaling Thirty- Seven Thousand Nine Hundred Sixty-Seven and 00/100 Dollars ($37,967.00); (e) If any clergy currently appointed to the Local Church will remain in The United Methodist Church after the Local Church disaffiliation, an amount equal to six (6) months salary, housing (if receiving a housing allowance), and pension/health benefits for the clergy, being Thirty-Eight Thousand One Hundred Eighty-Five and 00/100 Dollars ($38,185.00). The intent of this provision is to provide salary and benefits to the clergy from January 1, 2024 through July 1, 2024, which is a period of time in which the clergy will not have an appointment to a church. (f) Any unpaid loans (secured or unsecured) owed to the Annual Conference or other United Methodist entities such as The United Methodist Foundation of Western North Carolina (unless those loans are assigned or transferred per Section 3.2 below), and any investment portfolio needs which require modifications or assignments; (g) The aggregate amount of any and all grants awarded and paid to Local Church by Annual Conference or any affiliate or subsidiary thereof within the prior ten (10) years; and, (h) All costs of the transfer of any assets involved hereunder and transactions set out herein, as well as the legal fees of the Annual Conference incurred in connection with this Agreement.

  • Nature of Reimbursement Obligations The Borrower and, to the extent set forth in Section 2.6.1, each Lender with a Revolving Loan Commitment, shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. The Issuer (except to the extent of its own gross negligence or willful misconduct) shall not be responsible for (i) the form, validity, sufficiency, accuracy, genuineness or legal effect of any Letter of Credit or any document submitted by any party in connection with the application for and issuance of a Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged, (ii) the form, validity, sufficiency, accuracy, genuineness or legal effect of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or the proceeds thereof in whole or in part, which may prove to be invalid or ineffective for any reason, (iii) failure of the beneficiary to comply fully with conditions required in order to demand payment under a Letter of Credit, (iv) errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex or otherwise, or (v) any loss or delay in the transmission or otherwise of any document or draft required in order to make a Disbursement under a Letter of Credit. None of the foregoing shall affect, impair or prevent the vesting of any of the rights or powers granted to the Issuer or any Lender with a Revolving Loan Commitment hereunder. In furtherance and extension and not in limitation or derogation of any of the foregoing, any action taken or omitted to be taken by the Issuer in good faith (and not constituting gross negligence or willful misconduct) shall be binding upon the Borrower, each Obligor and each such Lender, and shall not put the Issuer under any resulting liability to the Borrower, any Obligor or any such Lender, as the case may be.

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