Retention Withhold Participation Commitment Mechanism definition

Retention Withhold Participation Commitment Mechanism means a type of Participation Commitment Mechanism under which CMS will withhold the Retention Withhold (as described in Appendix B) from the Performance Year Benchmark for the ACO’s first Performance Year pursuant to the methodology specified in Appendix B. The ACO will earn back the Retention Withhold Amount (as described in Section V.D.1 of Appendix B) during Final Financial Settlement for the ACO’s first Performance Year, in accordance with the methodology described in Appendix B only if the ACO does not provide written notice of termination of the Agreement Performance Period pursuant to Section 17.03 on or before the Termination Without Liability Date of the ACO’s second Performance Year.
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Retention Withhold Participation Commitment Mechanism means a type of Participation Commitment Mechanism under which CMS will withhold the Retention Withhold (as described in Appendix B) from the Performance Year Benchmark for the DCE’s first Performance Year pursuant to the methodology specified in Appendix B. The DCE will earn back the Retention Withhold Amount (as described in Section V.D.1 of Appendix B) during Provisional Financial Settlement for the DCE’s first Performance Year, if the DCE’s first Performance Year is Performance Year 2021, in accordance with the methodology described in Appendix B only if the DCE does not provide written notice of termination of the Agreement pursuant to Section
Sample 1
Retention Withhold Participation Commitment Mechanism means a type of Participation Commitment Mechanism under which CMS will withhold the Retention Withhold (as described in Appendix B) from the Performance Year Benchmark for the DCE's first Performance Year pursuant to the methodology specified in Appendix B. The DCE will earn back the Retention Withhold Amount (as described in Section V.D.1 of Appendix B) during Provisional Financial Settlement for the DCE's first Performance Year, if the DCE's first Performance Year is Performance Year 2021, in accordance with the methodology described in Appendix B only if the DCE does not provide written notice of termination of the Agreement pursuant to Section
Sample 1

Examples of Retention Withhold Participation Commitment Mechanism in a sentence

  • There are two alternative Participation Commitment Mechanisms under the Model (Financial Guarantee Participation Commitment Mechanism or Retention Withhold Participation Commitment Mechanism).

  • If the ACO does not secure a financial guarantee that meets the requirements set forth in Section 12.03.B and Appendix H by the date specified by CMS, CMS will deem that the ACO has selected the Retention Withhold Participation Commitment Mechanism.

  • If CMS deems that the ACO has selected the Retention Withhold Participation Commitment Mechanism, CMS will withhold the Retention Withhold (described in Appendix B) from the Performance Year Benchmark for the ACO’s first Performance Year pursuant to the methodology specified in Appendix B.

Related to Retention Withhold Participation Commitment Mechanism

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Qualifying Lender has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Swing Line Participation Amount as defined in Section 2.7.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • UK Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document and is:

  • Option Commitment means the notice of grant of an Option delivered by the Company hereunder to a Service Provider and substantially in the form of Schedule A attached hereto;

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • Notifying Lender has the meaning given in Clause 23.1 or Clause 24.1 as the context requires;

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Participation Amount as defined in Section 3.4(b).

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.