Common use of Annual Payments and Strategic Contribution Payments Clause in Contracts

Annual Payments and Strategic Contribution Payments. (1) On April 15, 2000 and on April 15 of each year thereafter in perpetuity, each Original Participating Manufacturer shall severally pay to the Escrow Agent (to be credited to the Subsection IX(c)(1) Account) its Relative Market Share of the base amounts specified below, as such payments are modified in accordance with this subsection (c)(1): Year Base Amount 2000 $4,500,000,000 2001 $5,000,000,000 2002 $6,500,000,000 2003 $6,500,000,000 2004 $8,000,000,000 2005 $8,000,000,000 2006 $8,000,000,000 2007 $8,000,000,000 2008 $8,139,000,000 2009 $8,139,000,000 2010 $8,139,000,000 2011 $8,139,000,000 2012 $8,139,000,000 2013 $8,139,000,000 2014 $8,139,000,000 2015 $8,139,000,000 2016 $8,139,000,000 2017 $8,139,000,000 2018 and $9,000,000,000 each year thereafter The payments made by the Original Participating Manufacturers pursuant to this subsection (c)(1) shall be subject to the Inflation Adjustment, the Volume Adjustment, the Previously Settled States Reduction, the Non-Settling States Reduction, the NPM Adjustment, the offset for miscalculated or disputed payments described in subsection XI(i), the Federal Tobacco Legislation Offset, the Litigating Releasing Parties Offset, and the offsets for claims over described in subsections XII(a)(4)(B) and XII(a)(8).

Annual Payments and Strategic Contribution Payments. (1) On April 15, 2000 and on April 15 of each year thereafter in perpetuity, each Original Participating Manufacturer shall severally pay to the Escrow Agent (to be credited to the Subsection IX(c)(1) Account) its Relative Market Share of the base amounts specified below, as such payments are modified in accordance with this subsection (c)(1): Year Base Amount 2000 $4,500,000,000 2001 $5,000,000,000 2002 $6,500,000,000 2003 $6,500,000,000 2004 $8,000,000,000 2005 $8,000,000,000 2006 $8,000,000,000 2007 $8,000,000,000 2008 $8,139,000,000 2009 $8,139,000,000 2010 $8,139,000,000 2011 $8,139,000,000 2012 $8,139,000,000 2013 $8,139,000,000 2014 $8,139,000,000 2015 $8,139,000,000 2016 $8,139,000,000 2017 $8,139,000,000 2018 and $9,000,000,000 each year thereafter $9,000,000,000 The payments made by the Original Participating Manufacturers pursuant to this subsection (c)(1) shall be subject to the Inflation Adjustment, the Volume Adjustment, the Previously Settled States Reduction, the Non-Settling States Reduction, the NPM Adjustment, the offset for miscalculated or disputed payments described in subsection XI(i), the Federal Tobacco Legislation Offset, the Litigating Releasing Parties Offset, and the offsets for claims over described in subsections XII(a)(4)(B) and XII(a)(8).

Annual Payments and Strategic Contribution Payments. (1) On April 15, 2000 and on April 15 of each year thereafter in perpetuity, each Original Participating Manufacturer shall severally pay to the Escrow Agent (to be credited to the Subsection IX(c)(1) Account) its Relative Market Share of the base amounts specified below, as such payments are modified in accordance with this subsection (c)(1): Year Base Amount YEAR BASE AMOUNT 2000 $4,500,000,000 2001 $5,000,000,000 2002 $6,500,000,000 2003 $6,500,000,000 2004 $8,000,000,000 2005 $8,000,000,000 2006 $8,000,000,000 2007 $8,000,000,000 2008 $8,139,000,000 2009 $8,139,000,000 2010 $8,139,000,000 2011 $8,139,000,000 2012 $8,139,000,000 2013 $8,139,000,000 2014 $8,139,000,000 2015 $8,139,000,000 2016 $8,139,000,000 2017 $8,139,000,000 2018 and $9,000,000,000 each year thereafter $9,000,000,000 The payments made by the Original Participating Manufacturers pursuant to this subsection (c)(1) shall be subject to the Inflation Adjustment, the Volume Adjustment, the Previously Settled States Reduction, the Non-Settling States Reduction, the NPM Adjustment, the offset for miscalculated or disputed payments described in subsection XI(i), the Federal Tobacco Legislation Offset, the Litigating Releasing Parties Offset, and the offsets for claims over described in subsections XII(a)(4)(B) and XII(a)(8).