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Revenue Credit definition

Revenue Credit means the amount determined in accordance with the Trust Agreement by which the fee offsets specified in the Trust Agreement exceed the recordkeeping fees described in such Trust Agreement.
Revenue Credit means revenue in excess of the Transportation Revenue.
Revenue Credit means the revenue from the Plan’s Investment Funds if any, that are held in the Revenue Credit Account within the Plan and that remain after the payment of Plan expenses. Periodically, all revenue credits remaining, if any, after the payment of Plan expenses will be reallocated to all eligible Plan participants existing accounts on an ongoing basis.

Examples of Revenue Credit in a sentence

  • The developer requesting the basic distribution system shall pay any amount by which the Construction Cost exceeds the estimated Revenue Credit (based on a two-year term) from the development, plus any estimated abnormal installation costs as determined by the Company.

  • Credit Base Revenue: Credit Base Revenue shall be equal to the funded base credit FTES rate subject to cost of living adjustments (COLA) if funded by the State.

  • The Plan Manager shall provide direction to the Trustee when the Plan Manager wishes to use amounts held in the Revenue Credit Account for the payment of Plan expenses or allocation to Participants in the manner determined by the Trustee.

  • Present Value of the incremental net revenue expected from the Customer for ten (10) years using a discount rate determined by the Water Utility, where Incremental revenue is the estimated gross revenue less the variable cost for water, meter reading, billing, and other incremental operating costs associated with serving a Customer.The Standard Revenue Credit can be found in Table 4.

  • The Plan Manager may direct the Trustee to use amounts held in the Revenue Credit Account to reimburse the Company for expenses described in Section 12.08, or to pay such vendors, including the Trustee or third parties, directly in accordance with this Section and the terms set forth in the Trust Agreement.

  • If a Revenue Credit is payable to the Plan, the Trustee shall pay such amount to a Revenue Credit Account on a quarterly basis to be used in the manner specified in this Section.

  • The results of browning index test are in good agreement with those of color measurement.

  • No bid will be considered unless accompanied by a certified check or cashier’s check on any bank or trust company insured by the Federal Deposit Insurance Corporation, payable to the Director of Revenue, Credit State Road Fund, for no less than five percent of the amount of the bid, or by a bid bond secured by an approved surety or sureties in accordance with Secs 103.4.2 and 103.4.3, for no less than five percent of the amount of the bid.

  • In order to provide for recovery of variable costs, the Supply Offers applicable to the Resource as determined in accordance with Section 3.4. shall be included in the calculation of Net Commitment Period Compensation (“NCPC”) and the Revenue Credit as defined below.

  • Provided, however, any Availability Credits earned pursuant to the provisions of Market Rule 1, Section III.13.7.2.7.1.4 shall be ignored for calculating the Revenue Credit and shall inure to the benefit of the Owner, subject to the maximum earnings provision of Schedule 3, Part 1.


More Definitions of Revenue Credit

Revenue Credit means the present value of future state
Revenue Credit has the meaning set forth in Section 5.20(b).

Related to Revenue Credit

  • Service Credit means the periods of time for which the required contributions have been

  • Service credit month means a full service credit month or an

  • Service credit year means an accumulation of months of

  • Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class M-1 ______% Class B-1 ______% Class B-2 ______%]

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Pension Credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • New jobs credit from withholding means the credit as provided in Iowa Code section 260E.5.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Five-Year Credit Agreement means the Five Year Credit Agreement dated December 11, 2018, among the Company, the lenders parties thereto and Citibank, as administrative agent, as such agreement may be amended, supplemented or otherwise modified hereafter from time to time.

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Total Profit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuer's repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) the Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (v) any amount equivalent to the foregoing with respect to the Substitute Option.

  • Projected Annual Benefit means the Annual Benefit as defined in subsection (2) above, to which the Participant would be entitled under the terms of the Plan assuming: (A) the Participant will continue employment until the Normal Retirement Date under the Plan (or current date,if later) and (B) the Participant's Compensation for the current Limitation Year and all other relevant factors used to determine benefits under the Plan will remain constant for all future Limitation Years.

  • 9% Credits means Federal Credit allocated on a competitive basis under the provisions of this Plan.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Refundable credit means the amount of the City income tax that was paid on the non-distributed portion, if any, of a nonqualified deferred compensation plan.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Emission Reduction Credits means emission reductions that have been authorized by a local air pollution control district pursuant to California Health and Safety Code, Division 26 Air Resources, Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • Applicable Credit Rating For any long-term deposit or security, a credit rating of AAA in the case of S&P or Aaa in the case of Moody’s (or with respect to investments in money market funds, a credit rating of “AAAm” or “AAAm-G” in the case of S&P and the highest rating given by Moody’s for money market funds in the case of Moody’s). For any short-term deposit or security, or a rating of A-l+ in the case of S&P or Prime-1 in the case of Moody’s.

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.