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.

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

• Except as otherwise provided in section 14.04, the sanction under Audit CAP is a negotiated percentage of the Maximum Payment Amount.

• In cases involving failures that are egregious (as described in section 4.09), (a) the maximum compliance fee applicable to the plan under the chart in 12.01(1) is increased to 40 percent of the Maximum Payment Amount and (b) no presumptive amount applies.

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 the total, not to exceed amount of cash incentives which may be paid to Developer by County as a Chapter 381 Payment during the term of this Agreement, which amount shall not exceed NINE MILLION DOLLARS AND NO CENTS ($9,000,000.00).

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 the amount specified in Section 8 of the Specifications.

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