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.
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.
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

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.

  • 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.

  • 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.

  • 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.

  • Maximum Allowable Payment means the maximum amount, as established by AvMed, which AvMed will pay for any Covered Service rendered by a Non-Participating Provider or supplier of services, medications or supplies, except for Emergency Medical Services and Care as defined herein. The Maximum Allowable Payment may be changed at any time by AvMed without notice to you or your consent.

  • 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 to be posted as Project Development Security pursuant to Section 8.4(a)(i) hereof.

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

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

  • 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.

  • Qualified expenses means lost wages not compensated by sick pay and unreimbursed medical expenses as defined for federal income tax purposes, to the extent not deducted in computing federal taxable income, whether or not the taxpayer itemizes federal income tax deductions.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this 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 2.5(a).

  • 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 the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • 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 as defined in Section 7.2.

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

  • 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.