Annual Payments definition

Annual Payments means the payments made by the City under this Support Agreement as set forth in Section 4.1(a), which such payments are equal to one-half of the payments of principal and interest due on the Bond in each Fiscal Year.

Annual Payments has the meaning set forth in Section 7.1(A).

Annual Payments means those payments under the Annuity in the annual amount of Two Million Five Hundred Thousand Canadian Dollars (Cdn. $2,500,000), pro-rated for partial years.

Examples of Annual Payments in a sentence

• The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement.

• If the payment obligation of the Released Entity to the relevant Later Litigating Subdivision exceeds the amounts in the Settlement Fund Escrow on account of the suspension, the Settling Distributor at issue shall receive a dollar-for-dollar offset, subject to the yearly Offset Cap, for the excess amount against its obligation to pay its allocable share of Annual Payments that would be apportioned to the Settling State at issue and to its Subdivisions.

• If a Settling Distributor could pay a portion of its allocable share of the Annual Payments due pursuant to this Agreement during a Payment Year without triggering this Section IV.K, the Settling Distributor shall be required to pay that portion as scheduled and only the excess would be subject to deferral at the election of the Settling Distributor (in whole or in part) as provided herein.

• The offset shall be applied in equal installments to reduce the Annual Payments for Payment Years 3 through 7 that would be apportioned to that State and to its Subdivisions, and shall remain applicable even if that State subsequently becomes eligible for Incentive Payment A.

• The interest-bearing fund established pursuant to this Agreement into which the Annual Payments are made under Section IV.

More Definitions of Annual Payments

Annual Payments means, with respect to any Material Contract, (x) the total amount of the payments expected to be paid or received, as applicable, under such Material Contract (y) divided by the total number of years of the term of such Material Contract.

Annual Payments means the Annual Payments due and payable as provided for and computed in accordance with the provisions of the Financing Agreement (State Project), the provisions of the Financing Agreement (Voluntary Agency Project) and such provisions as shall be contained in any Other Agreement.

Annual Payments means the payments to be made by British Columbia to Nak’azdli each year pursuant to section 3, and “Annual Payment” means any one such payment;

Annual Payments. $100 due annually to maintain the license; non-refundable and non- creditable to royalty payments.

Annual Payments means the payments to be made by the Special Program Municipality pursuant to Section 4.1 hereof.

Annual Payments means the payments due and payable by the Fund to the Authority during a Bond Year, as provided for and computed in accordance with the provisions of the 2003 Agreement;

Annual Payments means Wind Company's annual donations to the Fund, as calculated pursuant to this Agreement;