Previously Settled States Reduction definition

Previously Settled States Reduction means a reduction determined by multiplying the amount to which such reduction applies by 12.4500000%, in the case of payments due in or prior to 2007; 12.2373756%, in the case of payments due after 2007 but before 2018; and 11.0666667%, in the case of payments due in or after 2018.
Sample 1Sample 2Sample 3
Previously Settled States Reduction means a reduction determined by multiplying the amount to which such reduction applies by
Sample 1

Examples of Previously Settled States Reduction in a sentence

  • Within three business days of receipt of the payments to the State described above in Paragraph 4(b)-(c), PM USA shall give notice to the Independent Auditor under the MSA and to all Notice Parties (as defined in the MSA) that PM USA withdraws all previous objections to the MSA calculations concerning ITG Brands’ receipt of the Previously Settled States Reduction with respect to whether settlement payments have been made on the Covered Brands under the Texas Tobacco Settlement Agreement.

  • RJRT and PM USA agree not to dispute ITG Brands’ entitlement to the Previously Settled States Reduction (as defined in the Master Settlement Agreement (the “MSA”)) with respect to whether settlement payments have been made on the Covered Brands under the Texas Tobacco Settlement Agreement.

  • The base Annual Payments in the above table will be increased by at least the minimum 3% Inflation Adjustment, adjusted by the Volume Adjustment, reduced by the Previously Settled States Reduction, and further adjusted by the other adjustments described below.

  • Such damages follow by implication of law upon proof of a wrong.” (citation and internal quotations omitted)).

  • These adjustments include the Inflation Adjustment, the Volume Adjustment, the Previously Settled States Reduction, the Non-Settling States Reduction, the Non-Participating Manufacturer ("NPM") Adjustment, the offset for miscalculated or disputed payments described in subsection XI(i), the Federal Tobacco Legislation Offset, the Litigating Releasing Parties Offset, and the offsets for "claims-over" described in subsections XII(a)(4)(B) and XII(a)(8).

  • These adjustments include the Inflation Adjustment, the Volume Adjustment, the Previously Settled States Reduction, the Non-Settling States Reduction, the Non-Participating Manufacturer (―NPM‖) Adjustment, the offset for miscalculated or disputed payments, the Federal Tobacco Legislation Offset, the Litigating Releasing Parties Offset, and the offsets for claims over.