Monthly Allowance definition

Monthly Allowance means £200.00.
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Monthly Allowance shall have the meaning set forth in Section 6(a).
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Monthly Allowance means, with respect to each calendar month commencing with April, 2018, a portion of the principal amount of this Debenture equal to One Hundred Fifty Thousand Dollars ($150,000) plus accrued and unpaid interest thereon.
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Examples of Monthly Allowance in a sentence

  • The Holder may exercise its Holder Redemption Right for a calendar month, at any time and from time to time, during such calendar month, by sending a written notice (each a “Holder Redemption Notice”), to the Company by not later than 11:59 P.M. (local time in New York, New York) on the last Trading Day of such calendar month, which Holder Redemption Notice shall specify the principal amount to be redeemed up to the Monthly Allowance (the “Holder Redemption Amount”).

  • A condition to receiving the Monthly Allowance and participating in the Plan is the submission of an election form to participate in the Plan.

  • For the further avoidance of doubt, the Holder and the Company agree that the Holder may deliver more than one Holder Redemption Notice during a calendar month provided that the sum of the Holder Redemption Amounts set forth in all of the Holder Redemption Notices delivered during such calendar month does not exceed the Monthly Allowance.

  • In addition, to the extent that the Company elects Stock On, on the Trading Day prior to the first day of the applicable calendar month (such Trading Day, the “Monthly Redemption Advance Date”), the Company shall deliver to the Holder’s or its broker’s DTC account a number of freely tradable shares of Common Stock free from restrictive legends (“Monthly Redemption Advance Shares”) equal to the quotient of (x) the Monthly Allowance and (y) the Stock Payment Price.

  • An Eligible Retiree, as defined below, shall be eligible to receive a Monthly Allowance, also defined below, from the City until reaching the age of sixty-five (65).


More Definitions of Monthly Allowance

Monthly Allowance means, with respect to each calendar month commencing with the calendar month of March, 2024, a portion of the principal amount of this Debenture equal to two (2%) percent of the original principal amount of this Debenture.
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Monthly Allowance means, with respect to each calendar month, a principal amount of this Debenture equal to one million five hundred thousand dollars ($1,500,000) plus accrued and unpaid interest thereon; provided, however, if the sale price (including, for the avoidance of doubt, any intra-Trading Day sale price) of the Common Stock on the Principal Market on any Trading Day during such calendar month exceeds $0.40 per share (appropriately adjusted for any stock split, stock dividend, stock combination, stock buy-back or other similar transaction) and this Debenture is Stock On, then the “Monthly Allowance” for such calendar month shall automatically be increased, without any further action of the parties, to a principal amount of this Debenture equal to two million two hundred thousand dollars ($2,200,000) plus accrued and unpaid interest thereon. For the avoidance of doubt, neither the Holder nor the Company shall be required to give any written notice to the other for the increase in the Monthly Allowance required by the proviso to the immediately preceding sentence to take effect. For the further avoidance of doubt, (a) no reduction in the outstanding principal amount of this Debenture (as a result of conversion, redemption or otherwise) shall reduce or otherwise have any effect on the amount of the Monthly Allowance, which shall remain unchanged regardless of any such reduction in the outstanding principal amount of this Debenture, and (b) the Monthly Allowance shall never be greater than the outstanding principal balance of this Debenture.
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Monthly Allowance shall have the meaning set forth in Section 2(d).
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Monthly Allowance means a dollar amount allocated to a Participant each month to pay Costs incurred in Projects in which the Participant has an Interest.
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Monthly Allowance means the amount equal to one and one half percent (.015) times the Average Monthly Claim Processing Revenue during the calendar quarter preceding the time period for which such allowance will be in effect, as verified and accepted by HCCC.
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Monthly Allowance set forth in Section 1 of the Debenture is amended by replacing the reference to “$170,000” with “$221,000.”
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Monthly Allowance means, with respect to each calendar month, a principal amount of this Debenture equal to one million five hundred thousand dollars ($1,500,000) plus accrued and unpaid interest thereon; provided , however , if the sale price (including, for the avoidance of doubt, any intra-Trading Day sale price) of the Common Stock on the Principal Market on any Trading Day during such calendar month exceeds $0.40 per share (appropriately adjusted for any stock split, stock dividend, stock combination, stock buy-back or other similar transaction) and this Debenture is Stock On, then the “ Monthly Allowance ” for such calendar month shall automatically be increased, without any further action of the parties, to a principal amount of this Debenture equal to two million two hundred thousand dollars ($2,200,000) plus accrued and unpaid interest thereon. For the avoidance of doubt, neither the Holder nor the Company shall be required to give any written notice to the other for the increase in the Monthly Allowance required by the proviso to the immediately preceding sentence to take effect. For the further avoidance of doubt, (a) no reduction in the outstanding principal amount of this Debenture (as a result of conversion, redemption or otherwise) shall reduce or otherwise have any effect on the amount of the Monthly Allowance, which shall remain unchanged regardless of any such reduction in the outstanding principal amount of this Debenture, and
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