Variable annual payments definition

Variable annual payments for the Service Concession on a tiered basis by reference to the amount of revenue from the KCR railway (as determined in accordance with the service concession agreement) for each financial year of the Company. The applicable percentage will vary according to the amount of revenue from the KCR railway for the relevant financial year of the Company. These variable annual payments will be payable in arrear within 60 days after the end of the relevant financial year of the Company. No variable annual payment was payable in respect of the first 36 months following the Merger Date.
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Examples of Variable annual payments in a sentence

  • Variable annual payments on top of the minimum annual payments, if any, are recognized in the consolidated income statement as incurred.

  • Variable annual payments on top of the minimum annual payments, if any, are recognized in the income statement as incurred.

  • Variable annual payments are recognised in the consolidated profit and loss account as incurred.

  • Variable annual payments on top of the minimum annual payments, if any, are recognised in the consolidated profit and loss account as incurred.

  • Variable annual payments on top of the minimum annual payments, if any, are recognised in the consolidated income statement as incurred.

  • The regulars who volunteer for the “3rd Wednesday of the month crew” are: T.

Related to Variable annual payments

  • 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.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.