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.
Sample 1Sample 2Sample 3
Annual Payment Cap has the meaning given in Schedule 1.
Sample 1Sample 2Sample 3
Annual Payment Cap has the meaning given in item 18 of the Reference Details.
Sample 1Sample 2

Examples of Annual Payment Cap in a sentence

  • 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.

  • Once the monthly payments received by Lender for a calendar year equal the Annual Payment Cap, Company will not be obligated to make additional monthly payments pursuant to Section 2.3(b) for the remainder of such calendar year and the next monthly payment due under Section 2.3(b) would be payable on January 15th of the following year.

  • 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.

  • 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];.

  • 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.

  • 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.

  • Seller shall have no obligation to pay, and OpCo Purchaser shall have no right to receive, any amount in excess of the Annual Payment Cap for the applicable Annual Period.

  • For purposes of this Section 10.3, (y) the “Indemnifying Party” shall be HYPERFEED and the “Indemnified Party” shall be the IDCO Indemnified Party for claims made pursuant to Section 10.1 and (z) the “Indemnifying Party” shall be IDCO and the “Indemnifying Party” shall be the HYPERFEED Indemnified Party for claims made pursuant to Section 10.2.

  • The Quarterly Payment for each Quarter of a Support Year (other than the last Quarter) is calculated as follows: Bq = HSY / 4 Where: Bq = the Quarterly Payment for the relevant Quarter; and HSY = the Annual Payment Cap for the relevant Support Year.

  • Adjustment to amounts and payment cap If Project Operator gives notice to the Commonwealth in accordance with clause 21.3 (“Notice”), then the parties will negotiate in good faith an adjustment to the Annual Floor, Annual Ceiling and/or Annual Payment Cap that the parties consider is required to pass through 50% of the Relevant Cost Change to the Commonwealth in accordance with the Cost Change Principles.


More Definitions of Annual Payment Cap

Annual Payment Cap means Seven Million Dollars ($7,000,000.00) in each Contract Year.
Sample 1Sample 2
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

Related to Annual Payment Cap

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • 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.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

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

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Final Payment Percentage is five percent (5.00%).

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • 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.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Allowable Amount is defined in the EOC. In addition: • Coinsurance is calculated from the Allowable Amount or Benefit maximum, whichever is less.

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

  • Expected Final Payment Date means the March 2023 Distribution Date.

  • 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.

  • Legal Final Payment Date means the one-year anniversary of the Expected Final Payment Date.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.