Annual Payment Cap definition

Annual Payment Cap means, with respect to each CVR that is Outstanding as of the applicable Annual Payment Record Date, an amount equal to (a) twelve million dollars ($12,000,000) divided by (b) the Initial Settlement CVR Amount.
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Annual Payment Cap has the meaning given in Schedule 1.
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Annual Payment Cap means Seven Million Dollars ($7,000,000.00) in each Contract Year.
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Examples of Annual Payment Cap in a sentence

  • Where: Bq = the Quarterly Payment for the relevant Quarter; NSY = the Annual Revenue Floor; Iq = the Adjusted Net Operational Revenue for the relevant Quarter; and HSY = the Annual Payment Cap for the relevant Support Year; and KSY = the Annual Revenue Ceiling.

  • It is also required to provide this information in MC5 Returnable Schedule.] The Annual Payment Cap in respect of a Support Year is: (a) for the first Support Year $[insert]; (b) for the second Support Year $[insert]; (c) for the third Support Year $[insert]; (d) for the fourth Support Year $[insert]; and (e) [insert further rows to reflect the Support Period] $[insert];.

  • Calculation of Annual Support Amount The Annual Support Amount for each Support Year is calculated as follows: CSY = Min((NSY - ISY) x J, HSY) Where: CSY = the Annual Support Amount for the relevant Support Year; NSY = the Annual Revenue Floor; HSY = the Annual Payment Cap; ISY = the Adjusted Net Operational Revenue; and J = the Revenue Floor Support Percentage, each for the relevant Support Year provided that if the Annual Support Amount is less than zero, then it will be deemed to be zero.

  • Annual Payment Cap [Drafting note: the shortlisted Proponent is required to providecomplete this informationItem 20 here as part of its Financial Value Bid in Stage B of the Tender Process.

  • Cap on Annual Adjustment Amount The Commonwealth will not be required to pay any Annual Adjustment Amount to the extent that the sum of: the Annual Adjustment Amount payable by the Commonwealth; and the sum of the Quarterly Payments Amounts paid by the Commonwealth, in a Financial Year is greater than the Annual Payment Cap.

  • Annual Payment Cap [Drafting note: the shortlisted Proponent is required to complete this Item 20 here as part of its Financial Value Bid in Stage B of the Tender Process.

  • Adjustment to the Annual Payment Cap, Annual Revenue Ceiling and Annual Revenue Floor If the Operator provides notice to the Commonwealth in accordance with clause 21.4, the parties will negotiate in Good Faith an adjustment to the Annual Payment Cap, Annual Revenue Ceiling and Annual Revenue Floor which the parties consider is required to pass through 50% of the Relevant Cost Change to the Commonwealth in accordance with the Cost Change Principles.

  • Project Operator will not be required to pay any Annual Adjustment Amount to the extent that the sum of: the Annual Adjustment Amount payable by Project Operator; and the sum of the Quarterly Payment Amounts paid by Project Operator, in a Financial Year is greater than the Annual Payment Cap.


More Definitions of Annual Payment Cap

Annual Payment Cap means, with respect to a particular Annual Period, the amount set forth for such Annual Period on Annex B, as applicable.
Sample 1
Annual Payment Cap means Seven Million Dollars ($7,000,000.00) in each Contract Year.
Sample 1

Related to Annual Payment Cap

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.