Examples of Equipment Payment Amount in a sentence
For purposes of this Lease, the term "Aggregate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time ending on the date of calculation, the ratio calculated for such period of time of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, less a corporate overhead allocation in an amount equal to 4% of Aggregate Gross Sales, to (b) the sum of the Operating Lease Expense and the Equipment Payment Amount.
For greater certainty, the amount to be held and distributed (in due course) in accordance with this paragraph 17 shall include the Deferred Equipment Payment Amount as defined in the APA, when received.
The City of Forest Park agrees to pay the total sum of $59,750.00 as follows: Event: Initial Payment - Gather Material & Equipment Payment Amount: $20,000.00 Event: Concrete Pour - Soil ready.