Maximum Availability Payment definition

Maximum Availability Payment or “MAP” means the maximum annual payment, as set forth in the Concessionaire’s Proposal, that the Proposer can earn in a given Fiscal Year during the Operating Period. Unless otherwise expressly indicated in this ITP, the MAP will be expressed in July 1, 2008 US dollars.
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Maximum Availability Payment or “MAP” means the maximum Availability Payment that Concessionaire can earn in a given Fiscal Year during the Operating Period, as calculated in accordance with Appendix 6 of the Agreement, and as may be further adjusted in accordance with the Contract Documents.
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Maximum Availability Payment has the meaning set out in Schedule 8 [Payments]; “Milestone Payment” has the meaning set out in Schedule 8 [Payments];
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Examples of Maximum Availability Payment in a sentence

  • The Maximum Availability Payment for Fiscal Year y (MAPy) is payable in Quarterly Payments as provided in Section 2.3 below and subject to adjustments, positive and negative, as provided in Section 3 below.

  • First Year Maximum Availability Payment means the nominal value of all the Availability Payments which could be earned for the first full year following the Baseline Substantial Completion Date.

  • Predominant weight will be given to the Maximum Availability Payment score.

  • Base Maximum Availability Payment has the meaning set forth in Attachment 1 to Exhibit 10 (Payment Mechanism) to the Agreement.

  • These issues are even more challenging in the BTH region, where individual municipalities and provinces are at different development stages and thus have varying capacities to manage policy implementation.

  • Maximum Availability Payment or MAP means the maximum Availability Payment that Developer can earn in a given Fiscal Year from and after the Substantial Completion Date, as calculated in accordance with Exhibit 10 (Payment Mechanism) to the Agreement, and as may be further adjusted in accordance with the PPA Documents.

  • This theory postulates that consumers try to achieve a more balanced level of consumption intertemporally in order to maximise their utility.

  • Eq. 2.2: n CPIy MAPy = ((MAPBase )x( %)x(1+ 2.5%) + ((MAPBase )x( %)x  Where: MAPy = the Maximum Availability Payment for Fiscal Year y, CPI2014  MAPBase = the Base Maximum Availability Payment in 2014 dollars set forth in Attachment 1 to this Exhibit 10, CPIy = the CPI as of July 1 of Fiscal Year y, CPI2014 = (the value of CPI as of January 21, 2014, to be published on February 20, 2014, and n = the number of Fiscal Years from January 21, 2014, including the partial fiscal year to June 30, 2014.

  • Base Maximum Availability Payment means the amount that would be a full Fiscal Year Maximum Availability Payment prior to consideration of the indexation allowed in accordance with the Agreement, as set forth in Section 2.1 of Appendix 7 to the Agreement.Basement Material means (whether capitalized or not) the material in excavation or embankments underlying the lowest layer of Subbase, Base, Pavement, surfacing or other specified layer which is to be placed.

  • Base Maximum Availability Payment has the meaning set forth in Attachment 1 to Exhibit 10 (Payment Mechanism) to the Agreement.Baseline Substantial Completion Date means the scheduled date for Substantial Completion set forth in Exhibit 2-B (Preliminary Project Baseline Schedule) and Exhibit 4 (Milestone Payment Amounts) to the Agreement (in no event later than XXX XX, 201X), as such deadline may be extended for Relief Events from time to time pursuant to the Agreement.


More Definitions of Maximum Availability Payment

Maximum Availability Payment or “MAPQ” means the quarterly value which includes costs necessary to design, construct, finance, operate, and provide asset management services with respect to the Improved Street Light Network in accordance with the Agreement. The MAPQ is further described in Section 3(b) of Exhibit 14 (Payment Mechanism) to the Project Agreement.
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Related to Maximum Availability Payment

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Availability Block means $15,000,000.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Maximum Revolving Advance Amount means $30,000,000.

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

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

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).