Uplift Payment definition

Uplift Payment means a payment of £100 (or other such amount as specified by the Department) paid to the Contractor for recruiting Participants eligible for Targeted Delivery Payments;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Uplift Payment means, with respect to each Program Financing Contract or Program Stream Financing Agreement (i) that is a Property Tax Inclusive Financing Contract (other than any Federal Financing Contract the Equipment, Program Federal Stream Financing and Purchased Assets subject or related to which are transferred by IKON to GECITS prior to the Federal Program Integration Date), that portion of the Minimum Periodic Payment thereunder deemed, as among GE, GECITS and IKON and in accordance with Section 5.1, to be allocable to the applicable Obligor's personal property tax reimbursement obligations thereunder and (ii) that is a Property Tax Inclusive Financing Contract the Equipment, Program Federal Stream Financing and Purchased Assets subject or related to which are transferred by IKON to GECITS prior to the Federal Program Integration Date, has the meaning assigned to such term in the Federal Assignment Agreement or (b) that is not a Property Tax Inclusive Financing Contract, a separately invoiced payment in respect of the personal property tax reimbursement obligations of the Obligor thereunder.

Uplift Payment means any payment determined in accordance with Section 201.13 of the ISO rules, Capacity Market Clearing if the ISO clears the offer for an asset at a price greater than the clearing price.

Examples of Uplift Payment in a sentence

• In the event that the Shareholder Approval has not been obtained on or before 7 August 2020 and a Noteholder did not attend (either in person or by proxy) any general meeting of the Company’s members called for the purposes of obtaining the Shareholder Approval and vote in favour of such Shareholder Approval with the entirety of all voting rights available to such Noteholder, such Noteholder shall cease to be entitled to the benefit of the Uplift Payment in any circumstances.

• Notwithstanding the foregoing, in the event that Shareholder Approval has not been obtained on or before 7 August 2020, upon conversion of the Notes in accordance with Part 2 of Schedule 2, the Noteholder shall be entitled to the benefit of the Uplift Payment.

• For the avoidance of doubt, if any Noteholder becomes entitled to be paid the Change of Control Payment, such Noteholder shall cease to be entitled to the Uplift Payment pursuant to paragraph 4.2.

• For the avoidance of doubt, licences issued for MegaSurvey data are single company licences and clauses relating to Bone Fide Groups under this article are not applicable; however, if an Uplift Payment has been paid as part of an Appendix concerning licensing of MegaSurvey data and thus Licensee has a full licence to the PGS Proprietary Data involved, the terms of this article will apply to the data for which an Uplift Payment has been made.

• The Department will validate that the Participant meets the criteria and retains the right to clawback funds in relation to the Uplift Payment if after payment it emerges that the Participant does not meet the criteria.

• Except as otherwise specified in any Program Financing Contract, the CPC Payment, (except for property tax inclusive Financing Contracts) the Uplift Payment and (except for sales tax inclusive Financing Contracts) the Sales Tax Payment will be in addition to (and itemized separately from) the Minimum Periodic Payment and, therefore, will not be subject to “allocation” as provided above.

• Except as otherwise specified in any Program Financing Contract or Program Stream Financing Agreement, the CPC Payment, (except for Property Tax Inclusive Financing Contracts) the Uplift Payment, (except for Sales Tax Inclusive Financing Contracts) the Sales Tax Payment, and the CPI Charges (if any) shall be in addition to (and itemized separately from) the Minimum Periodic Payment and, therefore, shall not be subject to “allocation” as provided above.

More Definitions of Uplift Payment

Uplift Payment has the meaning assigned to such term in the preamble.

Uplift Payment means any payment determined in accordance with Section 201.13 of the