Base Payments. The Settlement Fund Administrator will allocate base payments under Section IV.D among the Settling States in proportion to their respective Overall Allocation Percentages. Base payments for each Settling State will then 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.
Base Payments. Subject to the suspension, reduction, and offset provisions set forth in Section XII and Section XIII, the Settling Distributors shall collectively make base payments equal to fifty-five percent (55%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States. These payments will be due in installments consistent with Exhibit M over the eighteen (18) Payment Years and as adjusted by the Settlement Fund Administrator pursuant to the provisions in Section IV, Section XII, and Section XIII.
Base Payments. 1. Allergan shall make Base Payments into the Settlement Fund in an amount equal to 45% of the Net Abatement Amount of $1,799,186,751.00 minus any offsets for Non-Settling States specified in Section VII.C.I. The maximum total for Base Payments is $809,634,037.95. The Base Payments will be paid in accordance with the Settlement Payment Schedule specified by Exhibit M, subject to potential offsets for Non-Settling States as provided in Section VII.C.1.
2. The Base Payments will be allocated by Settling State proportionate to each Settling State’s State Allocation Percentage in Exhibit F-2, adjusted for any Non-Settling State.
Base Payments. 1. Teva shall make Base Payments into the Settlement Fund in an amount equal to 45% of the Net Abatement Amount of $2,945,529,111.00 minus any offsets for Non-Settling States specified in subsection VII.C.1. The maximum total for Base Payments is $1,325,488,100.00. The Base Payments will be paid in accordance with the Settlement Payment Schedule specified by Exhibit M-1, subject to potential offsets for Non-Settling States as provided in subsection VII.C.1.
2. The Base Payments will be allocated by Settling State proportionate to each Settling State’s State Allocation Percentage in Exhibit F-2, adjusted for any Non-Settling State.
Base Payments. 1. Subject to the offset and reduction provisions set forth in Section XII, Kroger shall make Base Payments into the Settlement Fund in an amount equal to thirty-eight percent (38%) of the Adjusted State Remediation Payment. The maximum total for Base Payments is $456,000,000. The Base Payments shall be due in installments consistent with Exhibit M- 2 over the eleven (11) Payment Years, subject to potential offsets for Non-Settling States as provided in Section IV.F.
2. The Base Payment for any Settling State in each Payment Year shall be the Base Payment for that Payment Year specified in Exhibit M-2 times the Settling State’s Overall Allocation Percentage specified in Exhibit F.
Base Payments. 1. CVS shall make base payments into the Settlement Fund in an amount equal to thirty-eight percent (38%) of the Maximum Remediation Payment of $4,279,160,837 minus any offsets for Non-Settling States specified in Section IV.F. The maximum total for base payments is $1,626,081,118. The base payments shall be due in annual installments consistent with Exhibit M-1 over the ten (10) Payment Years, subject to potential offsets for Non-Settling States as provided in Section IV.F.
2. Each Settling State’s total base payments for all Payment Years shall not exceed thirty-eight percent (38%) of each Settling State’s Overall Allocation Percentage times the Maximum Remediation Payment.
3. The base payment for any Settling State in each Payment Year shall be the base payment for that Payment Year specified in Exhibit M-1 times the Settling State’s Overall Allocation Percentage specified in Exhibit F-2.
Base Payments. 1. Subject to the offset and reduction provisions set forth in Section XI and Section XII, Walgreens shall make Base Payments into the Settlement Fund in an amount equal to forty-one percent (41%) of the Adjusted State Remediation Payment. The maximum total for Base Payments is $1,963,147,836. The Base Payments shall be due in installments consistent with Exhibit M-2 over the fifteen (15) Payment Years, subject to potential offsets for Non-Settling States as provided in Section IV.F.
2. The Base Payment for any Settling State in each Payment Year shall be the Base Payment for that Payment Year specified in Exhibit M-2 times the Settling State’s Overall Allocation Percentage specified in Exhibit F-2.
Base Payments. User shall pay to Ticketmaster during each year of the term hereof a minimum annual royalty in the amount of $125,000 for the right to use the System and the Xxxx in the Market Area (the “Base Payment”). The Base Payment shall be payable in advance in equal quarterly installments commencing on the Operational Date. All Base Payments shall be made by User directly to Ticketmaster in United States Dollars in the manner designated by Ticketmaster from time to time during the term of this Agreement, which may include wire transfer into a Ticketmaster bank account.
Base Payments. Subject to the suspension, reduction and offset provisions set forth in Sections XI and XII, the Settling Distributors shall collectively make base payments equal to 55% of the New York Abatement Amount. These payments will be due in installments consistent with Exhibit G over the eighteen (18) Payment Years and as adjusted by the Settlement Fund Administrator pursuant to the provisions in Sections V, XI and XII.
Base Payments. The State shall pay Base Payments directly to the Trustee for distribution to the Owners in accordance with the Indenture during the IP Agreement Term, on the due dates set forth in EXHIBIT 7, the Base Rentals and Purchase Option Price Schedule, attached hereto and made part hereof, as it may be amended hereunder. The Base Payments shall be in the amount, which, together with other moneys available to the Trustee therefor, will enable the Trustee to pay the amount payable on January 1 and July 1 of each year as the principal of (whether at maturity or upon prepayment or acceleration or otherwise) and interest on the Certificates as provided in the Indenture. There shall be credited against the amount of Base Payments otherwise payable hereunder amounts equal to:
(i) the portion of the proceeds of the sale of the Certificates which is deposited in the Certificate Fund created under the Indenture as accrued interest;
(ii) earnings derived from the investment of the Certificate Fund during the six-month period prior to the date on which such Base Payments are required to be made to the Trustee, to the extent such earnings are not required to be deposited in the Rebate Fund; and
(iii) any other moneys required under the Indenture to be deposited in the Certificate Fund. The Base Payments to be paid by the State shall be in consideration for the financing of the acquisition, construction, equipping and use of the Project by the State. If the State has performed all of its obligations under this IP Agreement, it will have the option to prepay or provide for the prepayment of the Purchase Option Price on or after July 1, 2009, in full or in part on 45 days notice to the Trustee, at a prepayment price equal to the then applicable redemption price of the Certificates, including any required redemption premium, plus accrued interest to the redemption date, pursuant to the Indenture. In the event of any partial prepayment of Certificates prior to maturity, the Base Payments shall be recalculated by the Trustee, so that the installments of Base Payments shall be equal to the amount necessary to pay the principal of and interest components of the Certificates coming due on each January 1 or July 1 thereafter until payment of the Certificates in full, as provided in the Indenture.