ANNUAL SERVICE PAYMENT Sample Clauses

ANNUAL SERVICE PAYMENT. Calculate the Annual Service Payment for any Contract Year “n” using the following formula: where: ASPn is the Annual Service Payment for the relevant Contract Year; ASPo is the value for ASPo stated in Appendix 1 to this Schedule Part 14 (Payment Mechanism) (being the Annual Service Payment at the Base Date), subject to any adjustments made from time to time in accordance with any express provision of this Agreement; IF is the indexation factor being [ ]%; RPIn is the value of the [Retail Prices Index] published or determined with respect to the month of February which most recently precedes the relevant Contract Year; and RPIo is the value of the [Retail Prices Index] published or determined with respect to the Base Date.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
ANNUAL SERVICE PAYMENT. (i) If UWS does not enter into the venture with UHC and U-Care, or such venture terminates, UWS shall pay or cause to be paid to LLC 50% of the sum of:
Sample 1
ANNUAL SERVICE PAYMENT. Calculate the Annual Service Payment for any Contract Year “n” using the following formula: where: ASPn is the Annual Service Payment for the relevant Contract Year; ASPo is the value for ASPo stated in Appendix 1 to this Schedule Part 14 (Payment Mechanism) (being the Annual Service Payment at the Base Date), subject to any adjustments made from time to time in accordance with any express provision of this Agreement; IF is the indexation factor being [40]%; RPIn is the value of the [Retail Prices Index] published or determined with respect to the month of February which most recently precedes the relevant Contract Year; and RPIo is the value of the [Retail Prices Index] published or determined with respect to the Base Date. DEDUCTIONS FROM MONTHLY SERVICE PAYMENTS ENTITLEMENT TO MAKE DEDUCTIONS If at any time after the Payment Commencement Date an Availability Failure or a Performance Failure occurs the Authority will be entitled, subject to paragraphs 1.2 and 1.3 of this Section 3 (Deductions from Monthly Service Payments) and paragraph 1 of Section 4 (Temporary Repairs and Alternative Accommodation), to make Deductions in calculating the Monthly Service Payment in respect of that Availability Failure or Performance Failure, calculated in accordance with this Section 3 (Deductions from Monthly Service Payments) of Schedule Part 14 (Payment Mechanism). The maximum aggregate of all Deductions that the Authority may make in calculating the Monthly Service Payment in respect of any Contract Month is the Gross Monthly Service Payment for that Contract Month. To the extent that an Availability Failure or a Performance Failure: is the result of an Excusing Cause; or [is the result of an External Utility Failure,] the Authority shall not be entitled to make Deductions. To the extent that an Availability Failure or a Performance Failure is the result of: a Relief Event; or an event of Force Majeure, the Authority shall be entitled to make Deductions but any such Deductions shall be disregarded for the purposes of Clause 24.3 and Clause 40.1.8.
Sample 1

Related to ANNUAL SERVICE PAYMENT

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Monthly Fee 2.1 The monthly fee is € . The monthly fee includes value-added tax at the statutory rate, which is currently 19%. In the event of changes to the statutory value-added tax payable and/or if any additional taxes/levies have to be paid, the fee specified above may be recalculated accordingly.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

  • Monthly Debt Service Payments Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on September 1, 2010, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied first to accrued and unpaid interest and the balance to principal.

  • Non-Accountable Expense Allowance The Company further agrees that, in addition to the expenses payable pursuant to Section 3.8.1, on the Closing Date, it shall pay to the Representative, by deduction from the net proceeds of the Offering contemplated herein, a non-accountable expense allowance equal to one percent (1.0%) of the gross proceeds received by the Company from the sale of the Shares.

  • Incentive Fee The Incentive Fee shall consist of two parts, as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.