Administrative Expenses Cap definition

Administrative Expenses Cap means, for any Payment Date, an amount equal (when taken together with any Administrative Expenses paid during the period since the preceding Payment Date or, in the case of the first Payment Date, the Closing Date) to $200,000 per annum.

Administrative Expenses Cap means, for each Cap Annual Period, £200,000 per annum as at the Note Calculation Date immediately preceding the applicable Annual Anniversary Date or, in the case of the first Cap Annual Period, the Issue Date;

Administrative Expenses Cap means, on any date, an amount equal to 0.04 per cent. per annum (calculated for the Interest Period then ending and on the basis of an Actual/360 Day Count Fraction) of the sum of Reference Portfolio Notional Amount on such date and each amount then available for Addition or Replenishment which has not been used to make an Addition or Replenishment.

Examples of Administrative Expenses Cap in a sentence

• The City may semi-annually transfer from the Special Taxes so held an amount equal to one-half of the Administrative Expenses Cap as necessary to make timely payment of Administrative Expenses.

• The Administrative Expenses Cap is equal to $75,000, escalating at 2.00% per Fiscal Year, commencing July 1, 2021.

• From Special Taxes deposited by the City Treasurer in Special Tax Fund A in each Fiscal Year, the District may retain up to an amount equal to the Administrative Expenses Cap for such Fiscal Year for the purpose of paying Administrative Expenses and as and to the extent permitted by Section 3.3 above.

• If an entity determines that it is or is projected to be a Covered Provider, then the entity must calculate its administrative and program services expenses to establish compliance with the Administrative Expenses Cap.

• Notwithstanding the foregoing, the District may modify, alter or amend the RMA in any manner so long as such changes do not reduce the maximum Special Taxes that may be levied in each year on Developed Property below the amounts which will equal at least the sum of the Administrative Expenses Cap and 110% of gross debt service in each Bond Year on all Bonds and Parity Bonds Outstanding.

More Definitions of Administrative Expenses Cap

Administrative Expenses Cap means, with respect to the calculation of the Capped Class A-1 Notes Administrative Expenses Amount, (i) with respect to clause (x) of the definition of the Capped Class A-1 Notes Administrative Expenses Amount, an amount equal to (a) $100,000, multiplied by (b) the quotient of (1) the number of Weekly Allocation Dates in the Initial Fiscal Year, divided by (2) 53, and (ii) with respect to clause (y) of the definition of Capped Class A-1 Notes Administrative Expenses Amount, $100,000.

Administrative Expenses Cap means, for any Distribution Date, an amount equal (when taken together with any Administrative Expenses paid during the period since the preceding Distribution Date or, in the case of the first Distribution Date, the Effective Date) to the sum of:

Administrative Expenses Cap means [(i) for fiscal year 2018-19, $25,000, and (ii) for each subsequent year, an amount equal to the preceding fiscal year’s Administrative Expenses Cap, plus an additional 2% of such amount].

Administrative Expenses Cap means $ for Fiscal Year 2016-17, increasing at a rate of 2% per Fiscal Year thereafter.

Administrative Expenses Cap means $75,000 for Fiscal Year 2023-24, increasing at a rate of 2% per Fiscal Year thereafter.

Administrative Expenses Cap means a per annum amount equal to 0.65% of the greater of (a) Total Capitalization and (b) the Fair Market Value of the Underlying Assets.

Administrative Expenses Cap means (i) for fiscal year 2017-18, $35,000 and (ii) for each subsequent year, an amount equal to the preceding fiscal year’s Administrative Expenses Cap plus an additional 2% of such amount.