Maximum Availability Payment definition

Maximum Availability Payment or “MAP” means the maximum annual payment, as set forth in Developer’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 year of expenditure US dollars.
Sample 1
Maximum Availability Payment has the meaning set out in Schedule 8 [Payments]; “Milestone Payment” has the meaning set out in Schedule 8 [Payments];
Sample 1
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.
Sample 1

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.

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

  • 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.

  • The Department shall include the Maximum Availability Payment and the Milestone Payments in its proposed State Transportation Improvement Program Fund Estimate for adoption by the California Transportation Commission and in its legislative budget request prepared in accordance with the Budget Acts and Executive Orders of the years covered by this Agreement.

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  • Other considerations are relevant to the Department's determination of the Term, such as the nature of the Project assets and the potential cost of the Developer undertaking critical life cycle maintenance to maintain such assets in the condition required to earn the Maximum Availability Payment.

  • The Province shall withhold from any Availability Payment otherwise payable to the Concessionaire in respect of any month (or part thereof, as the case may be) (a “Holdback Month”) that commences during the period commencing on the first day of the month that is two months prior to the month in which the expected Expiry Date falls and ending on the Termination Date an amount equal to of the Maximum Availability Payment in respect of each Holdback Month (collectively, the “AP Holdback”).

  • In consideration of Proposer’s performance of the work necessary to complete the Project, Proposer shall be paid an amount not to exceed the Maximum Availability Payment which amount shall be paid to Proposer pursuant to a funding agreement executed in tandem with the BOT Agreement.

  • I-595 Corridor Roadway Improvements Project PROPOSER [data] Maximum Availability Payment for the first year of the Operating Period, stated in July 1, 2008 US$ (to be indexed in accordance with the Agreement): [Indicate amount in US$ in numbers and words written by hand] If there is a discrepancy between the amount indicated in numbers and the amount indicated in words, the lower amount will be the Maximum Availability Payment amount proposed.

  • A portion of the Maximum Availability Payment will be fixed during the Term, and the remaining portion of the Maximum Availability Payment will be adjusted periodically based on changes in [a Consumer Price Index, to be agreed].


More Definitions of Maximum Availability Payment

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.
Sample 1

Related to Maximum Availability Payment

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • 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, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base 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 be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

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

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • 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 Revolving Loan Limit minus the Revolving Loan Outstandings.

  • 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 $25,000,000.

  • 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).