Maximum Remediation Payment definition

Maximum Remediation Payment means $4,279,160,837, the total amount available to Eligible States for Annual Payments as set forth in Exhibit M-1.1 The actual amount paid for Annual Payments is subject to reduction from the Maximum Remediation Payment for 1 The total maximum amount of this settlement is up to $5,022,083,578, which includes (i) up to $4,279,160,837 in the Maximum Remediation Payment; (ii) up to $539,457,124 in Common Benefit and Subdivision Attorneys’ Fees, Expenses and Costs; (iii) up to $85,583,217 in the State Outside Counsel Fee Fund, State Cost Fund and Additional Remediation Amount; (iv) a credit of $117,882,400 for CVS’s settlements with the state of New Mexico, state of West Virginia, and Nassau County and Suffolk County of New York. In no event shall CVS’s payment obligation under this Agreement exceed the sum of (i)-(iii) above ($4,904,201,178). Non-Settling States, unachieved incentive payments, and as otherwise set forth in this Agreement. In no event shall CVS’s total Annual Payments under this Agreement ever exceed the Maximum Remediation Payment.
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Maximum Remediation Payment means $4,279,160,837, the total amount available to Eligible States for Annual Payments as set forth in Exhibit M-1.1 The actual amount paid for Annual Payments is subject to reduction from the Maximum Remediation Payment for Non-Settling States, unachieved incentive payments, and as otherwise set forth in this Agreement. In no event shall CVS’s total Annual Payments under this Agreement ever exceed the Maximum Remediation Payment.
Sample 1
Maximum Remediation Payment means $4,279,160,837, the total amount available to Eligible States for Annual Payments as set forth in Exhibit M-1.1 The actual amount paid for Annual Payments is subject to reduction from the Maximum Remediation Payment for
Sample 1

Examples of Maximum Remediation Payment in a sentence

  • An offset equal to the Maximum Remediation Payment of $4,279,160,837 times the Overall Allocation Percentage assigned to each Non-Settling State in Exhibit F-2 shall be deducted from the total amount to be paid by CVS to the Settlement Fund.

  • In no instance shall the sum of CVS’s Annual Payment obligations exceed the Maximum Remediation Payment, reduced for Non-Settling States.

  • Incentive Payment D shall be equal to up to a potential maximum of fifteen percent (15%) of the Maximum Remediation Payment of $4,279,160,837 minus any offsets for Non-Settling States specified in Section IV.F, with the actual amount depending on whether and the extent to which the criteria set forth below are met in each Settling State.

  • Incentive Payment A shall be up to a maximum of sixty-two percent (62%) of the Maximum Remediation Payment of $4,279,160,837, minus any offsets for Non-Settling States specified in Section IV.F, with the actual amount depending on whether and the extent to which the criteria set forth below are met in each Settling State.

  • Incentive Payment B shall be up to a potential maximum of twenty- eight percent (28%) of the Maximum Remediation Payment of $4,279,160,837 minus any offsets for Non-Settling States specified in Section IV.F, with the actual amount depending on whether and the extent to which the criteria set forth below are met in each Settling State.

  • Incentive Payment C shall be equal to up to a potential maximum of twenty-eight percent (28%) of the Maximum Remediation Payment of $4,279,160,837 minus any offsets for Non-Settling States specified in Section IV.F, with the actual amount depending on whether and the extent to which the criteria set forth below are met in each Settling State.

  • CVS shall make base payments into the Settlement Fund in an amount equal to thirty-eight percent (38%) of the Maximum Remediation Payment of $4,279,160,837 minus any offsets for Non-Settling States specified in Section IV.F. The maximum total for base payments is $1,626,081,118.

  • CVS shall make potential incentive payments into the Settlement Fund, totaling up to a maximum of sixty-two percent (62%) of the Maximum Remediation Payment of $4,279,160,837, minus any offsets for Non-Settling States specified in Section IV.F, with the actual incentive payment amount depending on whether and the extent to which the criteria set forth below are met in each Settling State.

  • Each Settling State’s total base payments for all Payment Years shall not exceed thirty-eight percent (38%) of each Settling State’s Overall Allocation Percentage times the Maximum Remediation Payment.

  • CVS shall make Base Payments into the Settlement Fund in an amount equal to thirty-eight percent (38%) of the Maximum Remediation Payment of $4,279,160,837 minus any offsets for Non-Settling States specified in Section IV.F. The maximum total for Base Payments is $1,626,081,118.

Related to Maximum Remediation Payment

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Delta Payment means as it is described in this Agreement.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Damage Payment means the dollar amount equal to the amount initially posted as Project Development Security pursuant to Section 8.4(a).

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Upper payment limit means the maximum ceiling imposed by

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Aggregate Payments means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Maximum Potential Additional Dividend Liability, as of any Valuation Date, means the aggregate amount of Additional Dividends that would be due if the Corporation were to make Retroactive Taxable Allocations, with respect to any fiscal year, estimated based upon dividends paid and the amount of undistributed realized net capital gains and other taxable income earned by the Corporation, as of the end of the calendar month immediately preceding such Valuation Date and assuming such Additional Dividends are fully taxable.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.