Revenue Sharing Payment definition

Revenue Sharing Payment means any additional amounts payable to any Ground Lessor as a Shared Ground Lease Payment under (i) any Ground Lease in effect as of the Effective Date, (ii) renewals and extensions of any Ground Lease executed after the Effective Date pursuant to terms contained therein on the Effective Date or (iii) any renewals or extensions of a Ground Lease executed after the Effective Date that do not increase any revenue sharing percentage beyond the amount immediately prior to the effectiveness thereof.

Revenue Sharing Payment or “RSP” means the amount, if any, for a Settlement Month, expressed in Dollars, as calculated in accordance with Exhibit J.

Revenue Sharing Payment means the periodic payment due and owing by the Issuer under the Notes issued pursuant to this Agreement and calculated by multiplying the applicable Revenue Sharing Percentage times Gross Revenues for the Reporting Period.

Examples of Revenue Sharing Payment in a sentence

• If the reconciliation establishes that the Developer has overpaid the Revenue Sharing Payment due for any Agreement Year, the Department will refund to the Developer the amount of any overpayment within 150 days of the end of such Agreement Year.

• In each Agreement Year following the Agreement Year in which the Developer first achieves Actual Cumulative NPV of Gross Revenues in excess of the Revenue Sharing Tier 1 Floor, the Developer shall remit to the Department within 30 days after the end of each Quarterly Period ending March 31, June 30, September 30, a n d December 31 an amount equal to the estimated Revenue Sharing Payment for such immediately preceding quarter.

• The Revenue Sharing Payment for each Quarterly Period shall be based upon the total Gross Revenues for such Quarterly Period and a sharing percentage as calculated and audited at the end of the most recent Agreement Year.

• Within 150 days of the end of each Agreement Year, the Developer shall pay to the Department any unpaid portion of the Revenue Sharing Payment together with interest from the end date of any Quarterly Period in relation to which it was determined that an insufficient amount was paid to the date of payment, with interest during such period to be calculated at the average daily earnings rate on the State’s Transportation Trust Fund or any successor rate.

• The Supplier is liable for and shall pay, or cause to be paid, or reimburse the Buyer if the Buyer has paid, all Taxes applicable to any Revenue Sharing Payment due to the Buyer.

More Definitions of Revenue Sharing Payment

Revenue Sharing Payment is a payment calculated pursuant to Exhibit 4.2 and to be made by the Generator to the Counterparty pursuant to Section 4.2(b).

Revenue Sharing Payment means the excess, if any, of (a) the Revenue Sharing Amount for an applicable Quarter; over (b) an amount equal to the Indemnification Offset as of the applicable Revenue Sharing Payment Date. Provided, that in no event may any further reductions be made from Revenue Sharing Payments on account of a quantity “(b)” after a cumulative total of $2,500,000 of such reductions have been made from Revenue Sharing Payments. It is understood that such reductions from Revenue Sharing Payments shall be Parent’s sole remedy for claims arising from the Indemnification Amount.

Revenue Sharing Payment shall have the meaning given in Section 2.1 of this Agreement.

Revenue Sharing Payment has the meaning set forth in Section 2.

Revenue Sharing Payment means, with respect to any revenue of the Company, on the on hand, or Purchaser and its Affiliates (other than the Company), on the other hand, generated during the Revenue Sharing Measurement Period: (a) with respect to any new Client generated jointly by Purchaser (or its Affiliates) and the Company, such revenues shall be split 50/50 between Purchaser (or its Affiliates) and the Company; (b) with respect to any revenue arising from a customer referred to the Company by Purchaser (or its Affiliates) or by the Company to Purchaser (or its Affiliates), (i) forty percent (40%) of such revenue shall be payable by the referred party to the referring party for a period of fifteen (15) months from the date on which the new Client was generated and (ii) twenty percent (20%) of such revenue shall be paid by the referred party to the referring party for a period of twelve (12) months commencing on the date that is fifteen (15) months and one (1) day from the date such new Client was generated. For purposes of the foregoing clause (a), a new Client shall be deemed generated jointly by any party that materially contributes to the marketing effort that results in such Client becoming a Client. “Reverse Financing Fee” has the meaning set forth in Section 9.3(a).

Revenue Sharing Payment means an amount equal to $263,000.

Revenue Sharing Payment means the Revenue Sharing Amount for an applicable Quarter.