GBRA DS Payment definition

GBRA DS Payment shall have the meaning set forth in Section 5.2(A) of this Contract.
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Examples of GBRA DS Payment in a sentence

  • After the Bonds issued for Initial Improvements or any other bonds approved by the WCID under this Contract (including principal and interest) are no longer outstanding, the GBRA CRR Payment and interest thereon have been fully repaid and the GBRA DS Payment and interest thereon have been fully repaid, the WCID may terminate this Contract at any time by providing not less than 12 months prior written notice of termination to GBRA.

  • To the extent that in any Fiscal Year, GBRA must supplement Hydro Revenues with a GBRA DS Payment to yield the GBRA Minimum Payment, thereafter, the WCID shall be required to reimburse GBRA the amount of the GBRA DS Payment, together with interest calculated from the respective date of payment of the GBRA DS Payment to the WCID to the date of reimbursement at an annual interest rate equal to the net effective interest rate on the Bonds but not less than a 1.00% annual percentage rate.

  • Such GBRA DS Payment, if any, shall be combined with GBRA’s monthly Hydro Revenues payment to the WCID that is remitted in the month of August of each Fiscal Year.

  • Contemporaneously with the delivery of the True Up, GBRA shall also compile and deliver the outstanding GBRA DS Payment and GBRA CRR Payment balances, including interest thereon.

  • GBRA agrees to provide written notification to the WCID of the total outstanding amount of the GBRA DS Payment, together with accrued interest thereon, as set forth in Section 6.8 and upon receipt of a written request from time to time by the WCID.

  • GBRA may invoice the WCID for repayment of the GBRA DS Payment or may recover such costs as the Repayment Requirement; provided, however, except as otherwise agreed by the WCID, the WCID’s obligation to repay the GBRA DS Payment shall be limited in all cases to monies on deposit in the Hydro Fund in excess of $150,000.

  • GBRA may invoice the WCID for repayment of the GBRA DS Payment or may recover such costs as the Repayment Requirement; provided, however, except as otherwise agreed by the WCID, the WCID’s obligation to repay the GBRA DS Payment shall be limited in all cases to monies on deposit in the Hydro Fund in excess of $100,000.

Related to GBRA DS Payment

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Delta Payment means as it is described in this Agreement.

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Bonus Payments means that portion of the bonus payments received by the

  • Excess Payment means the amount paid by any Guarantor in excess of its Ratable Share of any Obligations; (b) “Ratable Share” shall mean, for any Guarantor in respect of any payment of Obligations, the ratio (expressed as a percentage) as of the date of such payment of Obligations of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of all of the Loan Parties exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties hereunder) of the Loan Parties; provided, however, that, for purposes of calculating the Ratable Shares of the Guarantors in respect of any payment of Obligations, any Guarantor that became a Guarantor subsequent to the date of any such payment shall be deemed to have been a Guarantor on the date of such payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such payment; and (c) “Contribution Share” shall mean, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • Cash Payment has the meaning set forth in Section 2.02(a).

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • Cash Exchange Payment means an amount in cash equal to the product of (i) the number of shares of Class A Common Stock into which the surrendered Paired Interests are exchangeable and (ii) the VWAP of the Class A Common Stock for the five consecutive full Trading Days immediately prior to the date of delivery of the relevant Notice of Exchange.

  • Suspends payments with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Interim Payment has the meaning specified in Section 10.1.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive's Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive's target annual incentive bonus for the year in which the Date of Termination occurs.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).