Payment Floor definition

Payment Floor shall have the meaning set forth in Section 9.5(c).
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Examples of Payment Floor in a sentence

  • The Transfers section is amended by adding the following to the Subaccount to General Account Transfers provision: Transfers from the Separate Account to the General Account may only be made when the Fixed Income Payments provided by the transfer are higher than the corresponding portion of the Guaranteed Payment Floor.

  • The Variable Income Payments and the Guaranteed Payment Floor will be reduced by the specified Subaccounts to General Account transfer percentage.

  • Capacity Payment Floor: The capacity payment floor was established based on the cost of stocking at least two hormonal and two non-hormonal IUDs, and one implant.

  • Any such amounts payable for a license to Patent Rights, Know-How, or other intellectual property [***] which are not fully recovered in a [***] in accordance with this Section 9.5(c) as a result of the application of the Payment Floor or otherwise may be carried forward, and Gilead may deduct such carried-forward amount from subsequent [***] due to Hookipa with respect to the applicable Licensed Product until the full amount that Gilead was entitled to deduct is deducted.

  • Any such amounts payable for a license to Patent Rights, Know-How, or other intellectual property [***] which are not fully recovered in a [***] in accordance with this Section 9.5(c) as a result of the application of the Payment Floor or otherwise may be carried forward, CONFIDENTIAL TREATMENT REQUESTED.

  • In case the Compensation in any given month of the Term is below the Payment Floor, the amount owed will be accrued if and until the calendar month in which the balance of Compensation due to Publisher is equal to or higher than the Payment Floor.

  • Burton and Bartlell (2005) state that the questionnaire provides uniformity of questions and is relatively economical.

  • Therefore, poor long-term performance of the underlying Subaccount(s) may result in Monthly Income equal to the Guaranteed Payment Floor, even if the underlying Subaccount(s) performs well in a particular year.

  • The Guaranteed Payment Floor increases with each Purchase Payment, may increase as of the Annuitant's birthday and will decrease with each Gross Withdrawal.

  • This endorsement provides for variable Income Payments with a Guaranteed Payment Floor if your Annuity Commencement Date is on or after the Earliest Income Date.

Related to Payment Floor

  • Lowest floor means the lowest floor of the lowest enclosed area (including basement). An unfinished or flood resistant enclosure, usable solely for parking of vehicles, building access, or limited storage in an area other than a basement area is not considered a building's lowest floor, provided that such an enclosure is not built so as to render the structure in violation of the applicable non-elevation design requirements of this ordinance.

  • SOFR Floor means a rate of interest per annum equal to zero basis points (0.00%).

  • OC Floor An amount equal to 0.50% of the Pool Balance as of the Cut-Off Date.

  • Ground floor means a floor of a building with a building entrance on an accessible route. A building may have more than one ground floor.

  • Wood floor wax means wax-based products for use solely on wood floors.

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

  • Rate Floor The minimum per annum Mortgage Interest Rate permitted under the related Mortgage Note. Rating Agency: Initially, each of S&P and Xxxxx’x and thereafter, each nationally recognized statistical rating organization that has rated the Certificates at the request of the Company, or their respective successors in interest. Ratings: As of any date of determination, the ratings, if any, of the Certificates as assigned by the applicable Rating Agencies.

  • LIBOR Floor means 0.00%.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Floor means a rate of interest equal to 0.00%.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Payment Amount as defined in Section 3.5.

  • Rear Yard means a yard extending across the full width of a parcel measured perpendicularly from the rear wall(s) of the main building situated on the parcel to the rear property boundary of the parcel [see sketch in Schedule B];

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

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

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • Rate Center means the specific geographic point that has been designated by a given LEC as being associated with a particular NPA-NXX code that has been assigned to the LEC for its provision of Telephone Exchange Service. The Rate Center is the finite geographic point identified by a specific V&H coordinate, which is used by that LEC to measure, for billing purposes, distance sensitive transmission services associated with the specific Rate Center.

  • Gross Floor Area means the total floor area, measured between the outside of exterior walls or between the outside of exterior walls and the centre line of party walls dividing the building from another building, of all floors above the average level of finished ground adjoining the building at its exterior walls;

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Net WAC Cap Rate With respect to any Distribution Date, the product of (i) a per annum rate equal to the weighted average of the Net Mortgage Rates (or, if applicable, the Modified Net Mortgage Rates) using the Net Mortgage Rates in effect for the Monthly Payments due on such Mortgage Loans during the related Due Period, weighted on the basis of the respective Stated Principal Balances thereof for such Distribution Date and (ii) a fraction equal to 30 divided by the actual number of days in the related Interest Accrual Period.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Mezzanine Floor means an intermediate floor between two floors, above ground level, accessible only from the lower floor;

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.