City Payment definition

City Payment means any scheduled payment required to be made by or on behalf of the City under an Exchange Agreement which is either fixed in amount or is determined according to a formula set forth in the Exchange Agreement.

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City Payment means any scheduled payment required to be made by or on behalf of the City under a Derivative Product which is either fixed in amount or is determined according to a formula set forth in the Derivative Product.

City Payment or “City Payments” means the payment or payments by the City to the Company as described in Article VI hereof.

Examples of City Payment in a sentence

• The City and County agree that the remaining portion of the Annual City Payment may be used for operational expenses related to the Center, including operating reserves in the event that portion of the Annual City Payment exceeds the amount necessary for operational expenses in a given year.

• The provisions of the deferred compensation program are as follows: City’s Matching Contribution/Payment Maximum City Payment (City/”New” PEPRA Employee) 1:1 3% of monthly base salary Employees who are considered “Classic” employees with CalPERS are not eligible for the match.

• The City and County agree that $50,000 of the Annual City Payment shall be used exclusively for capital expenses related to the Center, including capital reserves in the event that the Annual City Payment exceeds the amount necessary for capital expenses in a given year.

• Upon a termination by the City or PAATH LLC, as applicable, pursuant to Section 7.1(a) (City Appropriation or Deposit Failure), Section 7.1(b) (City Payment Failure) or Section 7.1(c) (City Breach), (each a “City Termination”), this Agreement will terminate, effective upon the date set forth in such notice of termination.

• The provisions of the deferred compensation program are as follows: City’s Matching Maximum City Payment (City/Employee) 1:1 3% If the maximum dollars available for the contributory deferred compensation program for this unit are not utilized in any fiscal year, the remaining dollars shall be applied to health insurance rates for this unit only.

More Definitions of City Payment

City Payment means any regularly scheduled payment required to be

City Payment means the sum of: (x) the portion of the City Payments Amount payable in respect of each Parcel, which shall be determined by multiplying the applicable amount set forth in clause (a) or clause (b) above, as applicable, times a fraction, the numerator of which is the number of square feet in the Parcel and the denominator of which is the total number of square feet in the 11-Acre Parcel or the 15-Acre Parcel, as applicable, and (y) in lease years 11 – 15, with respect to any vertical improvements on the Leased Parcel, an amount determined as follows:

City Payment means any payment (designated as such by a Parity Bond

City Payment means, for each Payment Period in which WD has caused to Client to locate its Retail Sales Office in the City, the following amount: For all years commencing with the Effective Date and throughout the Term of this Agreement, an amount equal to fifty five percent (55%) of each dollar of Local Sales Tax Revenues attributable to Client operations in the City of Signal Hill during the term of this Agreement.

City Payment bears the same meaning as stated in the Economic Development Agreement, which is the remainder of: 70% of each dollar of Local Sales Tax Revenues attributable to Office Depot operations in the City of Signal Hill, minus any payment made to Office Depot under the 1996 OPA. Note that Section 3.2.2 of Economic Development Agreement provides for reductions in the City Payment to Office Depot if the Baseline Levels are not met. In such case, the Parties shall share Remainder Tax Revenue in accordance with the same shares as set forth in Section 3.2.

City Payment means any payment required to be made by or on behalf of the City under a Derivative Product and which is determined according to a formula set forth in the Derivative Product.

City Payment means the payment of the City described in Section 3.2.