Annual Installment Payment definition

Annual Installment Payment means an annual distribution, in cash, of the Participant’s Benefit over a period of years as provided for in Section 7.2(a) and (b).
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Annual Installment Payment is defined in and shall be calculated, for each Reporting Year, according to Exhibit F and shall be subject to Section 8.18 (Certificate Review Process).
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Annual Installment Payment means for each of the 20 Reporting Years commencing on January 1, 2021, an amount equal to the amount by which Amounts Available to Pay Debt Service exceeds 1.10 times Total Debt Service on Acquisition Bonds and PennVest Loans related to the Johnstown Sanitary Sewer System (defined below); provided that such amount shall be capped at $400,000 in any given year.
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Examples of Annual Installment Payment in a sentence

  • The prorated portion of the Annual Installment Payment for the first partial year of the Production Term shall be made within 30 days following commencement of Commercial Production.

  • For example, the Annual Installment Payment for the 2019 calendar year would be due on or before February 28, 2020.

  • After Lessee delivers Exhibit D to Owner, any increase to the Annual Installment Payment shall be paid by Lessee within 30 days following delivery of Exhibit D, and any decrease to the Annual Installment Payment shall be credited against the next Annual Installment Payment due from Lessee to Owner.


More Definitions of Annual Installment Payment

Annual Installment Payment has the meaning set forth in SECTION 2.7 hereof.
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Annual Installment Payment has the meaning set forth in Exhibit C.
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Related to Annual Installment Payment

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.