AFAA definition
Examples of AFAA in a sentence
A party's obligation to pay the AFAA to the other party shall survive the termination of this Agreement, even though such AFAA may not be capable of being calculated until after the termination of this Agreement.
If the AFAA results in an amount payable by Operator to Owner, such amount shall be set off against that portion of the O&M Fee for such Project Year that has not yet been advanced to Operator, and the balance, if any, shall be paid by Operator to Owner within thirty (30) days after Owner delivers the statement therefor to Operator.
If two (2) or three (3) interruptions occur in the delivery of steam to Steam Purchasers during a Project Year, then the AFAA for the Steam Delivery category of the AFAA for such Project Year shall be zero.
If the AFAA results in an amount payable by Owner to Operator, such amount shall be paid by Owner within thirty (30) days after Owner delivers the statement therefor to Operator.
Not later than thirty (30) days after the end of each Project Year, Owner shall render a statement to Operator, with all necessary and appropriate supporting documentation, calculating the amount of bonus payments due to Operator and/or the amount of liquidated damages due to Owner under each category of the AFAA.
NASM and AFAA further agree that all goodwill from use of the Provider’s Marks by NASM/AFAA shall inure solely to the benefit of Provider.
Applicant acknowledges and agrees that Application fees are non‐refundable and are charged in consideration of the review of Application and all materials related to such application and the publicizing of Applicant and its continuing education content as an Approved Provider by NASM and AFAA, should such approval be granted.
The amount of such adjustment (the "Annual Fee Adjustment Amount" or "AFAA") shall be the sum of bonuses earned by and/or liquidated damages assessed against Operator in each of six (6) separate categories of evaluation.
In any partial Project Year, the amounts attributable to each category of the AFAA and the overall limitation placed on the AFAA itself shall be prorated based on the number of calendar days in such partial Project Year divided by 365 or 366, as the case may be.
NASM and AFAA will not award CEUs to fitness professionals who have taken (a) the new version of a CE Offering prior to NASM/AFAA’s renewed approval of that CE Offering or (b ) a version of a CE Offering for which NASM/AFAA requires revision if the sixty (60) day notice period has expired and a revised version of the CE Offering has not been approved or, at the least, submitted for review and reapproval.