CPF Levy definition

CPF Levy means the Class Proceedings Fund levy applicable to compensation payable to the Class Members pursuant to O. Reg. 771/92;
CPF Levy means a levy from the Settlement Amount equal to the amount of financial support paid to the Plaintiff by the CPF plus 10% of the balance of the Settlement Amount (net of Class Counsel Disbursements, Class Counsel Fees and Representative Plaintiff Honorarium) to which the CPF is entitled pursuant to Ontario Regulation 771/92 after it approved the Plaintiff for financial support;
CPF Levy means the Class Proceedings Fund levy pursuant to O. Reg. 771/92;

Examples of CPF Levy in a sentence

  • Figure 4 shows that among the NM-EU countries for which we have this information, Slovenia has the highest VAT Revenue Ratio, followed by the Czech Republic, Slovakia, Hungary, and Poland.

  • HMQ shall make one payment to the Administrator for the global compensation to all Claimants in accordance with the Compensation Plan when calculated and determined and one payment for the CPF Levy within thirty (30) days of the Court's order with respect to the CPF Levy.

  • The Settlement Fund will be used to pay the Approved Claims, Administration Costs, Notice Plan costs, CPF Levy, Counsel Fee, any honourarium to be awarded to the Representative Plaintiff, and all applicable taxes in accordance with this Settlement Agreement in full and final settlement of the Action.

  • The Claims Administrator or Class Counsel, as applicable, will transmit the CPF Levy collected on behalf of the Approved Claimants to the Law Foundation of Ontario at regular intervals.

  • The Administrator will remit the CPF Levy to the CPF and, if required, any amounts owing to the Fonds d’aide aux actions collectives in Quebec.

  • Example 2: Partially Reduced Claims If a Class Member made a claim totalling $30,000 of eligible overtime and the Bank paid a reduced amount of $10,000, that Class Member will receive 80% of their claim for a total of $24,000 – given that $10,000 was already paid, the Class Member would now be paid $14,000 more (less appropriate deductions and the CPF Levy) under the proposed Revised Settlement.

  • Subject to paragraph 93 below, for Approved ASR Claimants and Approved Medically Precluded Claimants, the Claims Administrator’s Decision will enclose a cheque in the amount of $20,000 less the CPF Levy as a partial payment of the Approved Claimant’s compensation under the settlement (“Partial Payment”).

  • The LAF has agreed to part-fund a parking scheme, along with Chester’s community leader’s fund, which should alleviate some of the parking issues and will continue to work with local stakeholders to monitor and resolve the issue.

  • The Administrator will remit the CPF Levy to the CPFand, if required, any amounts owing to the Fonds d’aide aux actions collectives in Quebec.[62] The Court is of the opinion that the transaction provides for the payment to the FAAC of any balance owing on the Quebec members’ portion of the claims, even though the Superior Court did not specifically approve the transaction in Quebec.

  • Example 2: Partially Reduced Claims If a Class Member made a claim totalling $30,000 of eligible overtime and the Bank paid a reduced amount of $10,000, that Class Member will receive 80% of their claim for a total of $24,000 – given that $10,000 was already paid, the Class Member would now be paid $14,000 more (less appropriate deductions and the CPF Levy) under the Revised Settlement.


More Definitions of CPF Levy

CPF Levy means a levy from the Settlement Amount equal to the amount of financial support paid to the Plaintiff by the CPF plus 10% Net Settlement Proceeds to which the CPF is entitled pursuant to Ontario Regulation 771/92 after it approved the Plaintiff for financial support in 2016;

Related to CPF Levy

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Indebtedness as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • First Lien Leverage Ratio means the ratio, as of any date, of (a) Consolidated First Lien Debt as of the last day of the Test Period then most recently ended to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date that is secured on a first lien basis by assets or properties of Holdings or any Subsidiaries to (b) Consolidated EBITDA of Holdings and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Consolidated First Lien Net Debt means, as of any date of determination, the aggregate principal amount of Consolidated Net Debt on such date that is secured by a Lien on any asset of the Borrower and its Restricted Subsidiaries as of such date, but excluding such Indebtedness to the extent secured on a junior lien basis to the Obligations.

  • Consolidated Senior Secured Net Leverage Ratio means, for any Measurement Period, the ratio of (a) Consolidated Senior Secured Net Debt for Borrowed Money to (b) Consolidated EBITDA, in each case for such period.

  • Net Total Leverage Ratio means on any date, the ratio of (A) (i) the sum of, without duplication, (x) the aggregate principal amount of any Consolidated Debt consisting of Loan Obligations outstanding as of the last day of the Test Period most recently ended as of such date (other than Excluded Transaction Debt) and (y) the aggregate principal amount of any other Consolidated Debt of the Borrower and its Subsidiaries as of the last day of such Test Period (other than Excluded Transaction Debt) less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Senior Secured Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Secured Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Coverage Ratio As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1

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  • Collateral Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Cash Flow Leverage Ratio means as of the last day of any calendar quarter the ratio of the Total Funded Debt as of such day to Adjusted EBITDA for the four calendar quarters then ended.

  • Class D Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes on the following Payment Date. For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

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  • Adjusted Leverage Ratio means, as of any date, the ratio of (a) Consolidated Total Funded Debt outstanding as of such date minus any Unrestricted Cash over $3,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date.

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.