Applicable Payment Amount definition

Applicable Payment Amount means, with respect to any given Applicable OUS Conveyed Company SSE, the sum of (a) the gross wages of such Applicable OUS Conveyed Company SSE for a given month, (b) the applicable employer-sided employment Taxes payable on account of such Applicable OUS Conveyed Company SSE for a given month, and (c) the amount equal to the gross wages for a given month of such Applicable OUS Conveyed Company SSE multiplied by (x) the applicable Benefit Uplift Allocation for the country of such Applicable OUS Conveyed Company or (y) if a Benefit Uplift Allocation is not provided for the country of such Applicable OUS Conveyed Company, 20.9%; provided, that, to the extent wage or benefit costs increases (including cost increases under self-insured welfare plans and/or as a result of transfer to Purchaser’s or its Affiliates’ Benefit Plans) for any Applicable OUS Conveyed Company SSE takes effect as part of the normal course of Business or the transition of employees to Purchaser’s or its Affiliates’ Benefit Plans, the Applicable Payment Amount will be adjusted accordingly, provided that Purchaser provides reasonable documentation of such increases.
Sample 1Sample 2Sample 3
Applicable Payment Amount means, as of any date, an amount equal to (a) the aggregate amount of Debt of the Companies, as of such date, minus (b) the product of (i) EBITDA of the Companies, for the four (4) fiscal quarter period immediately preceding the date of determination, including EBITDA of any Company acquired by Borrower during that period, and (ii) 2.75; provided that if such Applicable Payment Amount is less than $0.00, then the Applicable Payment Amount shall be $0.00.
Sample 1
Applicable Payment Amount means (a) in all instances and circumstances other than pursuant to clause (b), clause (c) and clause (d) directly below, the Scheduled Payments, (b) upon an acceleration pursuant to Section 9.1(a) following the occurrence of an Event of Default, the Regular Default Payment or the Specified Default Payments, as applicable, and, without duplication, all True-Up Payments, and subsequent Royalty payments,(c) upon a Change of Control described in Section 2.8, the Payment Upon Change of Control, in each case, as applicable, or (d) upon a voluntary prepayment described in Section 2.2(d), the Final Payment and, without duplication, all True-Up Payments and subsequent Royalty Payments. The “Applicable Payment Amount” shall not be less than zero. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, the Royalty (and all future Royalty payments) shall continue to exist and be payable after (and not be terminated from) the making any of the payments referenced in the immediately preceding sentence of this definition (except in connection with the making of the Payment Upon Change of Control pursuant to clause (c) of this definition, but in such case, subject to the Catch Up Royalty Payment and the provisos set forth in Section 2.2(b)(i)(A)).
Sample 1

Examples of Applicable Payment Amount in a sentence

  • So long as the Collateral Agent has received the Applicable Payment Amount payable on an Applicable Payment Date and no Default or Event of Default shall have occurred and be continuing, promptly following the Borrower’s written request, the Collateral Agent shall instruct the Cash Management to remit directly to such account as the Borrower may specify such portion of the collected funds remaining on deposit in the Vodafone Euro Collection Account as the Borrower may specify.

  • Since 2015, IRS has indexed this figure annually.18 Table 8: Applicable Payment Amount (Employer Shared Responsibility) for CY 2014 Through CY 2016 Source: IRS, Notice 2015-87.

  • Immediately upon the receipt of the proceeds thereof, Borrower shall prepay the Term Notes in an amount equal to the lesser of (A) fifty percent (50%) of any Issuance Proceeds, and (B) the Applicable Payment Amount.

  • Borrower shall prepay the Term Notes on each April 15 and August 15, commencing April 15, 1997 in amount equal to the lesser of (A) seventy-five percent (75%) of Excess Cash Flow for, in the case of the payment due each April 15, the period from the preceding July 1 though December 31, and in the case of the payment due each August 15, the period from the preceding January 1 through June 30, fiscal quarter, and (B) the Applicable Payment Amount.

  • Borrower shall prepay the Term Notes within thirty (30) days of the end of each fiscal quarter of Borrower, commencing with the fiscal quarter ending on June 30, 1996, in amount equal to the lesser of (A) seventy-five percent (75%) of Excess Cash Flow for such fiscal quarter, and (B) the Applicable Payment Amount.

  • There is a growing privately owned television sector which includes six terrestrial channels, but only two of them, NTV Uganda and WBS, are really significant in terms of news programming.

  • Since 2015, IRS has indexed this figure annually.20 Table 8: Applicable Payment Amount (Employer Shared Responsibility) for CY 2014 Through CY 2017 Source: IRS, Notice 2015‐87.

  • If the Holders object to the calculation of Operating Earnings for the purpose of determining compliance with this Section, the Applicable Payment Amount of the Contingent Note for such year shall be paid within ten (10) days after resolution of the dispute with respect to such calculation to the extent, and solely to the extent, that such resolution indicates that the Minimum Target has been exceeded for such period.

  • Oral DNA shall have the right to reduce the aggregate amount of Product Payments to be paid to ILI in each Calendar Quarter by an amount equal to the aggregate Applicable Payment Amount that is attributable to any Licensed Products the purchase price of which is refunded or credited to customers by Oral DNA for any reason; provided, that, in no event shall the amount of such reductions or credits exceed five percent (5%) of the aggregate amount of Product Payments payable to ILI over such Calendar Quarter.

  • The Applicable Payment Amount for any payment period for which an Applicable Payment Amount is due and payable shall be reduced by any and all amounts previously paid under or with respect to the Contingent Note.


More Definitions of Applicable Payment Amount

Applicable Payment Amount means the amount determined by the Board in its sole discretion based on such factors deemed relevant by the Board, including the nature of the Change of Control transaction, the aggregate amount of net consideration received by the members of Holdings as a result of the Change of Control, and Employee’s contributions to the success of the Company through the date of the Change of Control.
Sample 1
Applicable Payment Amount means, as of any date, an amount equal to (a) the aggregate amount of Debt of the Companies, as of such date, minus (b) the product of (i) EBITDA of the Companies, for the four (4) fiscal quarter period immediately preceding the date of determination, and (ii) 2.75; provided that if such Applicable Payment Amount is less than $0.00, then the Applicable Payment Amount shall be $0.00.
Sample 1

Related to Applicable Payment Amount

  • 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.

  • Payment Amount as defined in Section 3.5.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • L/C Amount means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit and (ii) the unpaid amount of the Obligation of Reimbursement.

  • 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.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • M1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M1 Certificates immediately prior to such Distribution Date exceeds (y) the M1 Target Amount.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Allocation Amount means, as of the Closing Date, the Series 2023-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2023-1 Stated Principal Amount resulting from the issuance of additional Series 2023-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2023-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding DollarPrincipal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • 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.

  • M2 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Class A and Class M1 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M2 Certificates immediately prior to such Distribution Date exceeds (y) the M2 Target Amount.

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below: