Annual Increase Amount definition

Annual Increase Amount. On the Issue Date we set this amount equal to ---------------------- your initial Purchase Payment. After the Issue Date, this amount will equal:
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Annual Increase Amount means, commencing with the Fiscal Year ending February 25, 2012 and each Fiscal Year end thereafter, an amount equal to the difference (but in no event less than zero) between (a) Consolidated EBITDA for the most recently ended Fiscal Year of the Parent, minus (b) the sum of (i) Capital Expenditures (other than in respect of any Investment of the type described in clauses (p) and (q) of the definition of “Permitted Investments”) made during such Fiscal Year, (ii) Taxes (other than sales Taxes) paid in cash during such Fiscal Year, (iii) Consolidated Interest Expense paid or required to be paid in cash during such Fiscal Year, (iv) principal payments made or required to be made during such Fiscal Year on account of Indebtedness (other than revolving Indebtedness for which an accompanying permanent reduction of the facility is not made) and (v) Restricted Payments made with cash on hand during such Fiscal Year. The Annual Increase Amount shall become effective only after delivery to the Administrative Agent of the Parent’s Annual Report on SEC Form 10-K for the applicable Fiscal Year, together with a calculation of the Annual Increase Amount certified by a Responsible Officer as being true and correct.
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Annual Increase Amount. Shall be limited to the lesser of ten percent (10%) or the change in the U.S. Department of Labor, Consumer Price Index (CPI) for the Urban Wage Earners and Clerical Workers, All Cities, (1982 = 100) for the twelve (12) month period preceding the anniversary date. INTERFACE MAINTENANCE: Company will maintain the current functionality of the interfaces it provides as listed in Section A.1. with new releases of the software system (CBS) and Third Party software. If the interface is a generic interface requiring the third party to provided data in a particular format or manipulate the data Company provides. Company will continue to provide or accept the data in the current format. Client will be provided changes to the interfaces and support for the interfaces in exchange for the monthly maintenance fee. --------------------------------------------------------------------------- Confidential US Comb 7/29/97 4 DC/JOM ------ Initials
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Examples of Annual Increase Amount in a sentence

  • Annual Increase Amount: On the Issue Date, the Annual Increase Amount is equal to your initial Purchase Payment.

  • A Withdrawal Adjustment is equal to the value of the Annual Increase Amount immediately prior to a withdrawal multiplied by the percentage reduction in Account Value attributable to that partial withdrawal.

  • If total partial withdrawals in a Contract Year are 6% or less of the Annual Increase Amount on the previous Contract Anniversary, the total Withdrawal Adjustments for that Contract Year will be set equal to the dollar amount of total partial withdrawals in that Contract Year.

  • If the Endorsement effective date is later than the Contract Issue Date, then we initially set the Annual Increase Amount equal to your Contract Value on the Endorsement effective date.

  • On each Business Day other than a Contract Anniversary, the Annual Increase Amount is equal to: a) its value on the immediately preceding Business Day, b) plus any additional Purchase Payments (not including any bonus) received that day, and c) Reduced proportionately by the percentage of any Contract Value withdrawn (including any withdrawal charge) for each withdrawal you make that day.

  • Beginning with the Contract Anniversary that occurs on or after your 81st birthday, we calculate the Annual Increase Amount in the same way that we do on any Business Day other than a Contract Anniversary.

  • All Purchase Payments and Withdrawal Adjustments previously used to calculate the Annual Increase Amount will be set equal to zero on the Step-Up date, and the Account Balance on the Step-Up date will be treated as a single Purchase Payment received on that date for purposes of determining the Annual Increase Amount.

  • All Purchase Payments and Withdrawal Adjustments previously used to calculate the Annual Increase Amount will be set equal to zero on the Step-Up date, and the Account Value on the Step-Up date will be treated as a single Purchase Payment received on that date for purposes of determining the Annual Increase Amount.

  • Assuming no other purchase payments or withdrawals are made before the 2nd Contract Anniversary, the Annual Increase Amount at the 2nd Contract Anniversary will be [$96,469] ([$91,875] increased by [5.0%] per year, compounded annually).

  • If the Endorsement effective date is the same as the Contract Issue Date, then we initially set the Annual Increase Amount equal to your initial Purchase Payment (not including any applicable bonus) on the Issue Date.

Related to Annual Increase Amount

  • Annual increase means, initially, fifty-nine cents per month

  • Increase Amount is defined in Section 2.3(a).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Subordination Increase Amount As to any Distribution Date, the lesser of (i) the Subordination Deficiency and (ii) the Excess Interest.

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Designated Amount means the lesser of:

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Increase Notice is defined in Section 2.19.

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).