Years and Payment Percentages Sample Clauses

Years and Payment Percentages. For investments made prior to December 31, 2012, Year 1, for purposes of this paragraph, is 2013 and there is a 10-year payment percentage and correlative savings percentage schedule for such investments. For investments made in the period of 2013 through 2017, there is a 10-year payment percentage and correlative savings percentage schedule for all of the investments made in the Project during each calendar year. For such purposes, the calendar year following the calendar year in which the investment with respect to an asset is made is deemed to be Year 1 for that asset. That is to say, every new investment will receive a separate 10-year savings schedule for the sum that was invested during the calendar year preceding Year 1 for that asset. The 10-year savings schedule for each of such investments by year is as stated below. The Company shall pay payments in lieu of taxes on the items of property of the Project in amounts equal to the applicable percentages of the normal taxes on such property as described on the following Payment Schedule: Tax Years Payment Percentage Savings Percentage 1 15.00% 85.00% 2 24.00% 76.00% 3 33.00% 67.00% 4 42.00% 58.00% 5 51.00% 49.00% 6 60.00% 40.00% 7 69.00% 31.00% 8 78.00% 22.00% 9 87.00% 13.00% 10 96.00% 4.00% 11 and thereafter 100.00% 0.00% DUNWOODY DEVELOPMENT AUTHORITY (a public body corporate and politic, as Lessor), and RB 66 PCE, LLC (a Delaware limited liability company, as Lessee) LEASE AGREEMENT Dated as of 1, 2012 THE RIGHTS AND INTEREST OF THE DUNWOODY DEVELOPMENT AUTHORITY IN THE PROJECT LEASED HEREUNDER, THIS LEASE AGREEMENT AND CERTAIN REVENUES AND RECEIPTS DERIVED HEREUNDER, EXCEPT FOR CERTAIN UNASSIGNED RIGHTS, AS DEFINED HEREIN, HAVE BEEN ASSIGNED AND PLEDGED AS SECURITY FOR THE $34,000,000 MAXIMUM PRINCIPAL AMOUNT DUNWOODY DEVELOPMENT AUTHORITY TAXABLE REVENUE BOND (RB 66 PCE, LLC PROJECT), SERIES 2012, AS PROVIDED IN A DEED TO SECURE DEBT, ASSIGNMENT OF RENTS AND LEASES AND SECURITY AGREEMENT, OF EVEN DATE HEREWITH, FROM THE DUNWOODY DEVELOPMENT AUTHORITY TO RB 66 PCE, LLC AND SUCCESSOR HOLDERS OF SUCH BOND. TABLE OF CONTENTS (This Table of Contents is not a part of this Lease Agreement and is only for convenience of reference.) Page Parties and Recitals ...................................................................................................................1 ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION........................................................................
Sample 1
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Years and Payment Percentages. For investments made prior to December 31, 2012, Year 1, for purposes of this paragraph, is 2013 and there is a 10-year payment percentage and correlative savings percentage schedule for such investments. For investments made in the period of 2013 through 2017, there is a 10-year payment percentage and correlative savings percentage schedule for all of the investments made in the Project during each calendar year. For such purposes, the calendar year following the calendar year in which the investment with respect to an asset is made is deemed to be Year 1 for that asset. That is to say, every new investment will receive a separate 10-year savings schedule for the sum that was invested during the calendar year preceding Year 1 for that asset. The 10-year savings schedule for each of such investments by year is as stated below. The Company shall pay payments in lieu of taxes on the items of property of the Project in amounts equal to the applicable percentages of the normal taxes on such property as described on the following Payment Schedule: Tax Years Payment Percentage Savings Percentage 1 15.00% 85.00% 2 24.00% 76.00% 3 33.00% 67.00% 4 42.00% 58.00% 5 51.00% 49.00% 6 60.00% 40.00% 7 69.00% 31.00% 8 78.00% 22.00% 9 87.00% 13.00% 10 96.00% 4.00%
Sample 1

Related to Years and Payment Percentages

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2015-1) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Senior Prepayment Percentage See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Commitment Percentage With respect to each Lender, the percentage set forth on Schedule 1.1 hereto as such Lender’s percentage of the aggregate Commitments of all of the Lenders, as the same may be changed from time to time in accordance with the terms of this Agreement.

  • Adjustments to Required Subordinated Percentages (a) On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes or the Required Subordinated Percentage of Class C Notes, in each case for the Class A(2019-3) Notes, without the consent of any Noteholders or any Note Rating Agencies, provided that, after giving effect to such change (x) the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case, for the Class A(2019-3) Notes after giving effect to such change is equal to or greater than the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case, for the Class A(2019-3) Notes immediately prior to giving effect to such change and (y) the Required Subordinated Amount of Class B Notes for the Class A(2019-3) Notes does not exceed the Maximum Subordination Amount of Class B Notes.

  • Designation, Amount and Par Value The series of preferred stock shall be designated as the Series D 5% Convertible Preferred Stock (the "Preferred Stock"), and the number of shares so designated and authorized shall be Three Thousand (3,000). Each share of Preferred Stock shall have a par value of $0.0001 per share and a stated value of $1,000 per share (the "Stated Value").

  • Distributions and Payments Section 4.01.

  • Pro Rata Payments Except as otherwise provided herein, (a) each payment on account of the principal of and interest on the Loans and the fees described in Section 2.10 shall be made to the Agent for the account of the Lenders pro rata based on their Applicable Commitment Percentages, (b) all payments to be made by any Borrower for the account of each of the Lenders on account of principal, interest and fees, shall be made without diminution, setoff, recoupment or counterclaim, and (c) the Agent will promptly distribute to the Lenders in immediately available funds payments received in fully collected, immediately available funds from any Borrower.

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