Fiscal Year 2005 Payment Sample Clauses

Fiscal Year 2005 Payment. Notwithstanding any other term or provision of this Agreement to the contrary, the amount of the City’s Fiscal Year 2005 contribution to SDCERS shall be the total sum of $130 million, which shall be paid to SDCERS on July 1, 2004. All parties recognize that this amount is below the actuarially computed contribution rate for Fiscal Year 2005, but the amount represents a compromise of highly disputed contentions by all parties. To secure payment of that $130 million Contribution Amount for Fiscal Year 2005, the City will execute, acknowledge, record and deliver to SDCERS, within 20 days of the Court’s entry of judgment approving the Agreement, a Deed of Trust in form and content as set forth on Exhibit C attached hereto and incorporated herein by reference. Within 20 calendar days after payment of the $130 million contribution amount for Fiscal Year 2005, SDCERS will execute and deliver to the trustee under the Exhibit C Deed of Trust a request for full reconveyance thereof.
Sample 1
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Related to Fiscal Year 2005 Payment

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

  • Quarterly Payments The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

  • Change in Fiscal Year Such Obligor will not, and will not permit any of its Subsidiaries to, change the last day of its fiscal year from that in effect on the date hereof, except to change the fiscal year of a Subsidiary acquired in connection with an Acquisition to conform its fiscal year to that of Borrower.

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