Total Annual Contribution definition

Total Annual Contribution means, for any Term Year, the amount computed in accordance with Section 4.1, which is the sum of all Airlines’ Annual Contributions for that year.
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Total Annual Contribution has the meaning set forth in Section 8.1(b).
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Examples of Total Annual Contribution in a sentence

  • The Total Annual Contribution for each of the remaining Full Term Years shall equal the product of (i) the CPI Factor for that year multiplied by (ii) the Total Annual Contribution for the prior Term Year.

  • In any given Term Year, the amount included in such portion of the Total Annual Contribution shall equal the amortized amount for that Term Year plus financing costs on the unamortized portion of the project calculated on a straight line basis at a rate equal to the announced rate for the Bank of America ▇▇▇▇▇▇▇ ▇▇▇▇▇ U.S. Corporate Master Index (Ticker: C0A0) in effect at a date reasonably designated by the Lessee.

  • For the avoidance of doubt, any proposed or actual modification to the Operating Standards under this Section 3.4 shall not result in an increase in the Total Annual Contribution or other charges to the Signatory Airlines, except to the extent that such modification is caused by an Eligible Security, Safety or Environmental Requirement that results in Government-Mandated Operating Expenses in accordance with Section 6.3(d)(iii).

  • Once a Government-Mandated Operating Expense is added to the Total Annual Contribution and charged to the Airlines, a Government-Mandated Operating Expense shall not be increased except on an annual basis to reflect actual increases in such expenses incurred and paid by the Lessee.

  • For any Term Year, the Total Terminal Contribution shall equal the difference of (i) 58% of the Total Annual Contribution for that year minus (ii) the Total Exclusive Use Rent for that year.

  • Notwithstanding the foregoing provisions, the Lessee shall bear the costs for Small Capital Projects, up to a maximum of $500,000 (which amount shall be adjusted in accordance with the following sentence) per Term Year, and shall not add the same to the Total Annual Contribution.

  • The Total Annual Contribution for the Last Partial Term Year, if any, shall equal the product of (i) the amount determined in accordance with Section 4.1(b) (if the Last Partial Term Year occurs prior at or to the completion of five Full Term Years) or Section 4.1(c) (if the Last Partial Term Year occurs after the completion of five Full Term Years), as applicable, multiplied by (ii) the fraction equal to (A) the number of days of the Term in that year divided by (B) the number of days in that year.

  • The Total Annual Contribution for each of the first five Full Term Years shall be $62,000,000.

  • Subject to this Section 6.1, the Lessee shall diligently carry out and complete all Capital Projects identified on Schedule J (the “Initial Capital Projects”) without any addition to the Total Annual Contribution.

  • If a Capital Project is not approved by the Airlines in accordance with Section 6.3(c) and is not a Government-Mandated Capital Project, the Lessee may undertake the project at its own expense, and those costs shall not be added to the Total Annual Contribution (or any part thereof).

Related to Total Annual Contribution

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • 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.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.