CID Cap definition

CID Cap means the limitation on the amount of CID Sales Tax available to Developer for reimbursement of Eligible Expenses as set forth in Section 3.04(b) hereof. The CID Cap is $2,000,000.
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CID Cap means the limitation on CID Proceeds available to Developer for reimbursement of CID Eligible Expenses through Pay-As-You-Go CID Financing, as described in Section 4.4(c)(ii).
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CID Cap means the limitation on the amount of CID Sales Tax available to Developer for reimbursement of CID Eligible Expenses as set forth in Section 11.4(a) of the Agreement, as modified by the Amendment. The CID Cap is [$375,000].
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Examples of CID Cap in a sentence

  • Developer, subject to the terms and conditions of this Agreement, including the CID Cap set forth in Section 3.04 below, shall be reimbursed for the CID Improvement Costs from and to the extent of the CID Sales Tax proceeds collected during the Term.

  • In no event will the reimbursement described hereunder exceed the CID Cap.

  • In the event that Developer fails to construct the building identified as “Building B” on Exhibit G attached hereto on or before September 1, 2016, then notwithstanding anything set forth in this Agreement (including Exhibit H) to the contrary, Developer hereby understands and agrees that the CID Cap set forth in Section 3.04(b) shall be reduced to One Million Seven Hundred Fifty Thousand Dollars ($1,750,000).


More Definitions of CID Cap

CID Cap means $500,000.00.
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Related to CID Cap

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each day in such period (as calculated by Agent as of the end of each respective day) divided by the number of days in such period.

  • Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 years.

  • Adjusted Capital means cumulative gross proceeds generated by the Corporation from sales of shares of Common Stock (including proceeds from the Corporation’s distribution reinvestment plan) reduced for amounts paid for share repurchases pursuant to the Corporation’s share repurchase program. The calculation of the Subordinated Incentive Fee on Income for each quarter is as follows:

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 6.00%.

  • Licensed capacity means the number of children the Department has determined the day care home can care for at any one time in addition to any children living in the home who are under the age of 12 years. Children age 12 and over on the premises are not considered in determining licensed capacity.

  • Installed Capacity or 'IC’ means the summation of the name plate capacities of all the units of the generating station or the capacity of the generating station (reckoned at the generator terminals), approved by the Commission from time to time;