Economic Incentive Payments Sample Clauses

Economic Incentive Payments. 3. To the extent there will be any Economic Incentive Agreements between Borrower (or an Affiliate of Borrower) and a Governmental Authority with respect to the Land, Borrower (or such Affiliate of Borrower) shall transfer and assign to Lender all of Borrower's (or such Affiliate's of Borrower) rights and interests, but not its obligations, in, under and to each of such Economic Incentive Agreements (including, without limitation, the Economic Incentive Payments and any right with respect thereto held by Borrower or such Affiliate of Borrower, directly or indirectly). Borrower further agrees it shall cause any and all Economic Incentive Payments, including any proceeds or reimbursements received under any Tax Increment Financing, to be directly paid to Lender in full for application against the Loan. To the extent Borrower or any Affiliate of Borrower should nonetheless receive any such Economic Incentive Payments, Borrower acknowledges that such amounts shall be held in trust for the sole benefit of Lender and that Borrower shall cause such amounts to be immediately tendered to Lender. EXHIBIT B, Special Provisions Debt Service Coverage Ratio Calculation Methodology – Page 6 641926; Miami-Dade County – Florida EXHIBIT C Budget [The Budget immediately follows this cover page.] EXHIBIT C, Budget – Cover Page 641926; Miami-Dade County – Florida EXHIBIT D Approved Leasing Criteria [The form of Approved Leasing Criteria immediately follows this cover page.] EXHIBIT D, Approved Leasing Criteria – Cover Page 641926; Miami-Dade County – Florida EXHIBIT E Notice of Commencement [The form of Notice of Commencement immediately follows this cover page.] EXHIBIT E, Notice of Commencement – Cover Page 641926; Miami-Dade County – Florida Notice of Commencement EXHIBIT E, Notice of Commencement – Cover Page 641926; Miami-Dade County – Florida EXHIBIT F Notice of Completion [The form of Notice of Completion immediately follows this cover page.] EXHIBIT F, Notice of Completion – Cover Page 641926; Miami-Dade County – Florida Notice of Completion EXHIBIT F, Notice of Completion – Cover Page 641926; Miami-Dade County – Florida EXHIBIT G Form of Compliance Certificate [BORROWER’S LETTERHEAD] [DATE] Bank of the Ozarks (“Lender”) 0000 Xxxxxxx Xxxx, Xxxxx 000 Xxxxxx, Xxxxx 00000 Attn:______________ COMPLIANCE CERTIFICATE THIS COMPLIANCE CERTIFICATE (this "Certificate") is dated ___________, 201_, and executed by the undersigned who does depose, state, certify and affirm, as of t...
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Economic Incentive Payments 
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Related to Economic Incentive Payments

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Bonus Payments In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

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