Public Benefit Revenue Share Payment definition

Public Benefit Revenue Share Payment means a payment equal to 30% of the difference between X and Y, where X equals the annual gross revenue actually received by Seaview Palms (and not the amount received by any Tenant) from the Permitted Sign, without regard to or deduction of any expenses or costs to build, construct or maintain the Permitted Sign, and Y equals $55,000. The Public Benefit Revenue Share Payment shall be remitted to the City directly by the Tenant.
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Examples of Public Benefit Revenue Share Payment in a sentence

  • In addition, the operation of the Permitted Sign will generate revenues for the City by the payment of the Public Benefit Revenue Share Payment.

  • If the Public Benefit Revenue Share Payment is determined by the parties or the accounting firm to have been overstated or understated for the applicable year, the parties shall within 60 days thereafter make such adjustment payment or refund as is applicable.

  • The Public Benefit Revenue Share Payment for any partial three-month period shall be prorated based on the number of days within such time period.

  • Commencing on the Permitted Sign Payment Commencement Date and continuing for the remainder of the Term, Seaview Palms (or its Tenant) shall pay to the City the Public Benefit Revenue Share Payment pursuant to the further provisions of this Section 4.1. The Public Benefit Revenue Share Payment shall be paid every three months in arrears to the City on the 15th day of each January, April, July, and October during the Term.

  • Within 90 days of receiving the Public Benefit Revenue Share Payment payable in January of each year, the City may audit the documentation utilized in calculation of the Public Benefit Revenue Share Payment for the preceding year, including the documentation supporting the calculation of whether a Public Benefit Revenue Share Payment was required for the applicable 12 month period and the amounts included in such calculation.

  • The Public Benefit Revenue Share Payment for any partial 3-month period shall be prorated based on the number of days within such time period.

  • Also, Center staff will translate additional documents into English in advance of the tribunal.

  • Commencing on the Permitted Sign Payment Commencement Date and continuing for the remainder of the Term, Seaview Palms shall pay to the City the Public Benefit Revenue Share Payment (as set forth in Section 4.1.1.2 below) pursuant to the further provisions of this Section 4.1 (the “Public Benefit Payment”).

  • Within 90 days of receiving the Public Benefit Revenue Share Payment payable in January of each year, the City may audit the documentation utilized in calculation of the Public Benefit Revenue Share Payment for the preceding year, including the documentationsupporting the calculation of whether a Public Benefit Revenue Share Payment was required for the applicable 12 month period and the amounts included in such calculation.

  • The City may audit the documentation utilized in calculation of the Public Benefit Revenue Share Payment, including the documentation supporting the calculation of whether a Public Benefit Revenue Share Payment was required for an applicable twelve (12) month period and the amounts included in such calculation.

Related to Public Benefit Revenue Share Payment

  • PRE-PAYMENT The Tenant shall: (check one)

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Fair Share Contribution Amount means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any comparable applicable provisions of state law; provided, solely for purposes of calculating the “Fair Share Contribution Amount” with respect to any Contributing Guarantor for purposes of this Section 7.2, any assets or liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Revenue Share means Government’s Share of Revenue.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Earn-Out Payment has the meaning set forth in Section 2.3(a).

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

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

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Cash Payment has the meaning assigned by Section 2.7(b)(ii).

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Earnout Payment has the meaning set forth in Section 2.3(b).