Maximum Monthly Payment definition

Maximum Monthly Payment shall have the meaning as set forth in Clause 13.1.1; “Minimum Monthly Payment” shall have the meaning as set forth in Clause 13.1.3; “Mis-declaration” shall have the meaning as set forth in Clause 11.5.5;

Maximum Monthly Payment for each Policy Month means the sum, for that Policy Month, of the Monthly Amount for each Class of Employees for each Benefit listed in item 1. b.

Maximum Monthly Payment means in respect of a Month, the Unitary Charge payable during that Month before any Adjustments under the Payment Mechanism but allowing for indexation;

Examples of Maximum Monthly Payment in a sentence

• The Parties agree and acknowledge that upon Termination and on failure of the Utility to make the Termination Payment within 30 (thirty) days of demand by the Supplier, Revenues equal to the Maximum Monthly Payment, deposited into the Default Escrow Account in accordance with the provisions of this Agreement and the Default Escrow Agreement, shall be appropriated every month and paid to the Supplier until discharge of the Termination Payment and any interest thereon.

• The Parties agree and acknowledge that upon Termination and on failure of the Utility to make the Termination Payment within 30 (thirty) days of demand by the Supplier, Revenues equal to the Maximum Monthly Payment, shall be appropriated every month and paid to the Supplier until discharge of the Termination Payment and any interest thereon.

• Not less than annually, the Chico Rancheria Housing Corporation shall determine a Maximum Monthly Payment per number of bedrooms based on the Break Even Point to operate and maintain the program with at least a 35% positive margin for inflation and/orreserve.

• When the current Maximum Monthly Payment is greater than the annual Break Even point plus a 35% margin, no rent schedule adjustment is needed to insure program stability.

• In addition, not less than annually, the Chico Rancheria Housing Corporation shall determine the Maximum Monthly Payment based on the breakeven cost per unit with at least a 35% positive margin for inflation and/or reserve.

• When the current Maximum Monthly Payment exceeds the annual Break Even Point plus a 35% margin, no rent schedule adjustment is needed to insure program stability.

• Such determination shall be made at least forty-five (45) days prior to the beginning of the program year at a board meeting through resolution, recorded in the minutes, and all Tenants shall be notified at least thirty (30) days prior to the beginning of the program year of the results of the Maximum Monthly Payment adjustment.

• For the second and third Months of each Quarter (q), any Unapplied Deductions shall, to the extent possible, be fully applied but not exceed the Maximum Monthly Payment for that Month.

• To help you review your situation, please see Maximum Monthly Payment for Christian Savers (LT11).

• The Parties agree and acknowledge that upon Termination and on failure of the Authority to make the Termination Payment within 30 (thirty) days of demand by the Concessionaire, Revenues equal to the Maximum Monthly Payment, deposited into the Default Escrow Account in accordance with the provisions of this Agreement and the Default Escrow Agreement, shall be appropriated every month and transferred to the Escrow Account until discharge of the Termination Payment and any interest thereon.

More Definitions of Maximum Monthly Payment

Maximum Monthly Payment means revenues equivalent to 50% (fifty percent) of annual capacity charge;