Base Payments. Subject to the suspension, reduction, and offset provisions set forth in Section XII and Section XIII, the Settling Distributors shall collectively make base payments equal to fifty-five percent (55%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States. These payments will be due in installments consistent with Exhibit M over the eighteen (18) Payment Years and as adjusted by the Settlement Fund Administrator pursuant to the provisions in Section IV, Section XII, and Section XIII.
Appears in 22 contracts
Samples: Distributor Settlement Agreement, Distributor Settlement Agreement, Distributor Settlement Agreement
Base Payments. Subject to the suspension, reduction, and offset provisions set forth in Section XII and Section XIII, the Settling Distributors shall collectively make base base payments equal to fifty-five percent (55%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States. These payments will be due in installments consistent with Exhibit M over the eighteen (18) Payment Years and as adjusted by the Settlement Fund Administrator pursuant to the provisions in Section IV, Section XII, and Section XIII.
Appears in 2 contracts
Samples: Distributor Settlement Agreement, Distributor Settlement Agreement
Base Payments. Subject to the suspension, reduction, reduction and offset provisions set forth in Section XII Sections XI and Section XIIIXII, the Settling Distributors shall collectively make base payments equal to fifty-five percent (55%) % of the Net New York Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling StatesAmount. These payments will be due in installments consistent with Exhibit M G over the eighteen (18) Payment Years and as adjusted by the Settlement Fund Administrator pursuant to the provisions in Section IVSections V, Section XII, XI and Section XIII.XII.
Appears in 2 contracts
Samples: York Settlement Agreement, York Settlement Agreement