Prepaid Minimum Spend definition

Prepaid Minimum Spend means the amount determined from time to time by the Board that a member other than an Honorary, Overseas, Reciprocal or Temporary member shall be required to pay in advance for services provided by the Club.
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Examples of Prepaid Minimum Spend in a sentence

  • The amount of joining fees, Annual Subscriptions, Prepaid Minimum Spend payments, and levies payable by members of the Club shall be determined by the Board from time to time provided that the Annual Subscription shall be not less than $2.00 (excluding Goods & Services Tax) or such other minimum subscription provided from time to time by the Registered Clubs Act.

  • The amount, method, frequency and due date for payment of joining fees, Annual Subscriptions, Prepaid Minimum Spend payments and levies, and the method and due date for payment of members’ House Accounts, shall be determined by the Board from time to time.

  • Membership of the Club commences from the date the Board resolves to admit that person as a member, subject to payment of the appropriate joining fee, Annual Subscription, and Prepaid Minimum Spend.

  • If the Board does not approve an application for membership, the Secretary shall cause the Annual Subscription and Prepaid Minimum Spend paid by the applicant to be refunded.

  • The Board may require a member other than an Honorary, Interstate, Overseas, Reciprocal or Temporary member to spend each year for services provided by the Club such amount as it determines from time to time (Prepaid Minimum Spend) as a condition of maintaining membership of the Club.

  • An Honorary Member is entitled to the social benefits of the Club only and shall not be required to pay a joining fee, Annual Subscription, Prepaid Minimum Spend payment or levy.

  • If any member does not spend his or her Prepaid Minimum Spend within the relevant period the unspent amount shall be forfeited by that member to the Club.

  • In accordance with Rule 14.8 as a consequence of the member’s failure to pay his or her Annual Subscription, Prepaid Minimum Spend payment or levy by the due date.

  • A member who by reason of financial hardship is not reasonably able to pay his or her Annual Subscription, Prepaid Minimum Spend payment or levy may apply to the Board in writing to become a Concessional member.

  • Any member who has not paid his or her Annual Subscription, Prepaid Minimum Spend payment or Levy by the due date shall not be eligible to stand for or be elected or appointed to the Board.

Related to Prepaid Minimum Spend

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions. Member:

  • Minimum Run Time For all generating units that are not combined cycle units, “Minimum Run Time” shall mean the minimum number of hours a unit must run, in real-time operations, from the time after generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, to the time of generator breaker opening, as measured by PJM's State Estimator. For combined cycle units, “Minimum Run Time” shall mean the time period after the first combustion turbine generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, and the last generator breaker opening as measured by PJM’s State Estimator.

  • Minimum Term means each minimum initial and subsequent period of service for each Service as shown on the Service Agreement and Order Schedule, the initial period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed or if not stated on the Service Agreement or order schedules, the Minimum Term will be 12 months or such other period as may be notified to you in accordance with paragraph 19.2.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Required Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon conversion in full of all Notes (including Underlying Shares issuable as payment of interest on the Notes), ignoring any conversion or exercise limits set forth therein.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Anticipated total county revenue availability per student means the anticipated total county revenue availability for the county divided by the average daily membership of the county.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Quarterly Commencement Date means the 1st day of each of April, July, October and January in each year.

  • Grace Period Extension Date means, if:

  • Anticipated State average revenue availability per student means the sum of all anticipated total county revenue availability divided by the average daily membership for the State.

  • Maximum Daily Starts means the maximum number of times that a generating unit can be started in an Operating Day under normal operating conditions.

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • relevant minimum wage means the minimum wage and includes any incremental adjustment prescribed in this award for the class of work for which an employee is engaged

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.