Validation Payment definition

Validation Payment. As a result of the validation described above, pursuant to Section 3.2(c) of the S/B/C Lease, Lessee will pay Lessor $685,295 within 30 days following execution hereof of which $712,575 is attributable to the validation of Base Rent and $(27,280) is attributable to the validation of Percentage Rent. ERCOT Transmission Rate Allocation: before June 20, 2013: 0% between June 20 and October 17, 2013: 6.9% between October 17 and February 25, 2014: 3.4% between February 25 and May 1, 2014: 8.5% between May 1 and October 3, 2014: 8.3% between October 3, 2014 and March 31, 2015: 7.3% between April 1, 2015 and October 31, 2015: 10.5% between November 1, 2015 and June 1, 2016: 17.8% between June 1, 2016 and October 1, 2016: 19.1% starting on October 1, 2016: 21.8% Term of Rent Supplement: Expires 12/31/17 The Parties have executed this Tenth Amended Supplement to the S/B/C Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Gxxx Xxxxx Name: Gxxx Xxxxx Chief Financial Officer SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, L.L.C. By: /s/ Bxxxx Xxxxxxx Name: Bxxxx Xxxxxxx Chief Financial Officer
Sample 1
Validation Payment. As a result of the validation described above, pursuant to Section 3.2(c) of the McAllen Lease, Lessee will pay Lessor $13,486 within 30 days following execution hereof of which $53,838 is attributable to the validation of Base Rent and ($40,352) is attributable to the validation of Percentage Rent. ERCOT Transmission Rate Allocation: before June 20, 2013: 100% between June 20 and October 17, 2013: 27.8% between October 17, 2013 and February 25, 2014: 11.8% between February 25, 2014 and May 1, 2014: 8.2% between May 1, 2014 and October 3, 2014: 8.6% between October 3, 2014 and March 31, 2015: 12.0% between April 1, 2015 and October 31, 2015: 11.9% between November 1, 2015 and June 1, 2016: 10.6% between June 1, 2016 and October 1, 2016: 11.0% starting October 1, 2016: 10.6% Term of Rent Supplement: Expires 12/31/19 McAllen Lease The Parties have executed this Tenth Amended Supplement to the McAllen Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Gxxx Xxxxx Name: Gxxx Xxxxx Chief Financial Officer SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, L.L.C. By: /s/ Bxxxx Xxxxxxx Name: Bxxxx Xxxxxxx Chief Financial Officer
Sample 1
Validation Payment. As a result of the validation described above, pursuant to Section 3.2(c) of the ERCOT TransmissionLease, Lessor will pay Lessee $151,923.00 promptly following execution hereof. ERCOT Transmission Rate Allocation: before October 3, 2014: 0% between October 3, 2014 and March 31, 2015: 2.1% between April 1, 2015 and October 31, 2015: 2.1% starting November 1, 2015: 3.6% Term of Rent Supplement: Expires 12/31/22 ERCOT TRANSMISSION LEASE The Parties have executed this Third Amended Supplement to the ERCOT Transmission Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: President SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, L.L.C. By: /s/ Xxxxx Xxxxxxx Name: Xxxxx Xxxxxxx Title: Chief Financial Officer
Sample 1

Examples of Validation Payment in a sentence

  • The PTS validated POI device, which provides a trusted computing environment, will become a required dependency for the Payment Application, and the combination of application and hardware will be listed together on the PA-DSS List of Validation Payment Applications.When conducting the PA-DSS Assessment, the PA-QSA Company must fully test the Payment Application with its dependent hardware against all PA-DSS Requirements.

  • The PTS validated POI device, which provides a trusted computing environment, will become a required dependency for the Payment Application, and the combination of application and hardware will be listed together on the List of Validation Payment Applications.When conducting the PA-DSS Assessment, the PA-QSA Company must fully test the Payment Application with its dependent hardware against all PA-DSS Requirements.

  • This contract also includes one optional year for continued services for the evaluation and maintenance of the Concept Validation Payment.

  • DIRECT all General Managers to cease expenditure of all City funds (General Fund, Special Funds, grants, etc.) for parking validations and/or reimbursement for parking charges, and to begin informing their customers and employees through posted signs, memos and other means that parking validations will no longer be provided, in accordance with the Parking Validation Payment Policy of the City's Financial Policies.

  • Payment Validation: Payment validation is a result of an examination, by the merchant plug-in, of the Payment Response message generated by the ACS server.

  • INSTRUCT General Managers to put in place controls that will ensure parking validations are issued in accordance with the Parking Validation Payment Policy, specified in Recommendation No. 1 above.

  • If payment is not made within forty-five (45) days from the date of receipt of the invoice, Company may offset such amounts against the then current Milestone Payment and/or Validation Payment due pursuant to the Asset Purchase Agreement.


More Definitions of Validation Payment

Validation Payment means (i) unless and until the Parent exercises the option set forth in §2(h)(iii) below, the number of shares of restricted Holdings Common Stock obtained by dividing (X) $1,428,570 (such amount being the “stipulated value” of such shares being issued as a Validation Payment) by (Y) the Applicable Price, and (ii) following the Parent’s exercise of the option set forth in §2(h)(iii) below, $1,428,570 in cash. The Buyer shall use commercially reasonable efforts to obtain such licensure and approval from the FDA and to request and obtain such QPP certification at the earliest permitted date. In no event shall the aggregate stipulated value of Holdings Common Stock issuable by Holdings and/or cash payable by the Buyer as Validation Payments under this §2(c)(ii) exceed $20,000,000 (inclusive of the $3,100,000 that the Buyer or Holdings, as the case may be, is/are entitled to retain as set forth above).
Sample 1
Validation Payment. As a result of the validation described above, pursuant to Section 3.2(c) of the CREZ Lease, Lessor will pay Lessee $404,208.00 promptly following execution hereof. ERCOT Transmission Rate Allocation between June 20 and October 17, 2013: 65.3% between October 17, 2013 and February 25, 2014: 84.8% between February 25 and May 1, 2014: 83.3% between May 1 and October 3, 2014: 80.9% between October 3, 2014 and March 31, 2015: 75.8% between April 1, 2015 and October 31, 2015: 72.7% starting November 1, 2015: 65.6% Termination date of this Rent Supplement: December 31, 2020. The Parties have executed this Sixth Amended Supplement to the CREZ Lease as of the date set forth above. SHARYLAND UTILITIES, L.P. By: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: President SHARYLAND PROJECTS, L.L.C. By: /s/ Xxxxx Xxxxxxx Name: Xxxxx Xxxxxxx
Sample 1

Related to Validation Payment

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Termination Payments has the meaning specified in Section 10(a).

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Payment Amount has the meaning specified in Section 6.1.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Transfer Payment Either or both of a Transfer Payment Made or a Transfer Payment Received.

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.