Maximum Payment Amount definition

Maximum Payment Amount means a monetary amount that is approximately equal to the tax the Service could collect upon plan disqualification and is the sum for the open taxable years of the:

Maximum Payment Amount means an amount equal to $0.75 per CVR, payable in cash.

Maximum Payment Amount means an amount equal to (1) the greater of (a) $50,000,000 and (b) an amount equal to (x) $50,000,000 plus (y) 50% of Consolidated Net Income in each fiscal quarter beginning with the fiscal quarter ending June 30, 2007 plus (2) the net cash proceeds received by the Parent or the Borrower since the Restatement Effective Date from the exercise of stock options issued to directors, officers and employees of the Parent, the Borrower or the Borrower’s Subsidiaries, minus (3) the Distributions, or any portion of a Distribution, made since June 30, 2007 pursuant to Section 6.10(iv)(b) which Distributions (or portion thereof) results in the Leverage Ratio exceeding, or are otherwise made at a time when the Leverage Ratio exceeds, in each case calculated on a pro forma basis based on the Parent’s most recent financial statements delivered pursuant to Section 6.1 and giving effect to any Permitted Acquisition since the date of such financial statements, such Distributions (or portion thereof) and any Indebtedness incurred in connection therewith, all in accordance with the terms of this Agreement, 2.75 to 1.00.

Examples of Maximum Payment Amount in a sentence

• If the Company experiences a Change of Control, then the Company shall promptly pay to Purchaser an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.

• Unless payments have already terminated as a result of section 2.4, on the Maturity Date the Company shall pay to Purchaser an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.

• If, during the Term of this Agreement, legislation establishing a Maximum Payment Amount for the following year is not enacted, this Agreement will terminate in its entirety on the last day of the annual term for which a Maximum Payment Amount has been legislatively authorized.

• The sanction under Audit CAP is a negotiated percentage of the Maximum Payment Amount.

• City shall not be obligated to pay any amount in excess of the Annual Maximum Payment Amount for all Services under all Task Orders, nor shall City be obligated to pay any amount in excess of a Task Order Maximum Payment Amount.

More Definitions of Maximum Payment Amount

Maximum Payment Amount means, in any fiscal quarter, an amount equal to the greater of (i) 105% of the amount of cash dividends issued by USI in USI’s immediately preceding fiscal quarter and (b) 20% of USI’s Consolidated Net Income (if positive) for the immediately preceding fiscal quarter.

Maximum Payment Amount shall have the meaning set forth in Section 2.1(c) hereof.

Maximum Payment Amount means cash payments in respect of the Revenue Interest totaling, in the aggregate, one hundred eighty percent (180%) of the Investment Amount.

Maximum Payment Amount means, (I) prior to the first anniversary of the Effective Date, $45 million, (II) on or after the first anniversary of the Effective Date and prior to the second anniversary of the Effective Date, $40 million, (III) on or after the second anniversary of the Effective Date and prior to the third anniversary of the Effective Date, $35 million and (IV) on or after the third anniversary of the Effective Date and prior to the fifth anniversary of the Effective Date, $30 million. “Reporting Stock” shall mean listed common stock or common stock of a company that provides publicly available financial reporting, and holds management calls regarding the same, no less than quarterly.

Maximum Payment Amount means an amount equal to (1) the greater of (a) $50,000,000 and (b) an amount equal to (x) $50,000,000 plus (y) 50% of Consolidated Net Income in each Fiscal Quarter beginning with the Fiscal Quarter ending June 30, 2007 plus (2) the net cash proceeds received by the Parent or the Company since July 5, 2007 from the exercise of stock options issued to directors, officers and employees of the Parent, the Company or the Company’s Subsidiaries, minus (3) the Distributions, or any portion of a Distribution, made since June 30, 2007 pursuant to clause (iv)(b) of Section 10.8, which Distributions (or portions thereof) result in the Leverage Ratio exceeding, or are otherwise made at a time when the Leverage Ratio exceeds (in each case calculated on a pro forma basis giving effect to any acquisitions since the end of the most recently ended Fiscal Quarter, such Distributions (or portion thereof) and any Indebtedness incurred in connection therewith), 2.75 to 1.00. Notwithstanding the foregoing, in no event shall the Maximum Payment Amount under this Agreement be less than the corresponding maximum payment amount under the Credit Agreement.

Maximum Payment Amount means, with respect to each RSU, a dollar amount determined by the Committee in its sole discretion; provided, however, that the Committee may, in its sole discretion, determine whether or not to establish a Maximum Payment Amount with respect to any particular RSU. The Maximum Payment Amount, if any, with respect to an outstanding RSU shall be subject to appropriate adjustment by the Committee for any stock splits, stock dividends, reverse stock splits, special dividends or other similar matters relating to Company Stock occurring after the date of grant of such Award.

Maximum Payment Amount means the aggregate amount of the Maximum Interest Payment Amount and the Project Indebtedness Amount.