Average Amount definition

Average Amount means the average annual amount of Silica PI Trust Disbursements paid during the Calculation Period immediately preceding the applicable Calculation Date; provided, however, that, to the extent that the Silica PI Trust did not have funds to make payments in full on all Silica PI Trust Disbursements during any annual period or such amounts are prorated through application of a payment percentage, the Average Amount shall be calculated based on what the Silica PI Trust would have paid if it had the funds or such amounts had not been prorated.
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Average Amount has the meaning given within Schedule 6 (Service Levels and Service Credits);
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Examples of Average Amount in a sentence

  • Any guaranteed bonus payment paid to the Executive shall be included in the calculation of the Five Year Average Amount, unless such payment was a one-time event (such as a sign-on bonus for a new hire).

  • Any guaranteed bonus payment paid to the Executive shall be included in the calculation of the Five Year Average Amount, unless such payment was a one-time event (such as a sign-on or special bonus for a new hire).

  • ISSUER may cure the Minimum Average Amount as many times as necessary.

  • The Average Amount shall equal the average of the Daily Amounts for the days during the relevant calendar year during which Shares are traded on the principal United States market for the Shares.

  • The fee is calculated as an average of the total remuneration paid by the Client to the Agency during the last six (6) months or the shorter term that the Agreement has been in effect ("Monthly Average Amount").

  • In this event, the “Deficit Amount” shall be retained in the Joint Account until CAIXA verifies, on a date determined pursuant to the terms of this clause, that the Minimum Average Amount has been reestablished.

  • Any guaranteed bonus payment paid to the Executive shall be included in the calculation of the Five-Year Average Amount, unless such payment was a one-time event (such as a sign-on or special bonus for a new hire).

  • In the event Borrower fails to meet its Minimum Redemption Obligation in a given month, then the Outstanding Balance will automatically be increased by one percent (1%); provided, however, the Minimum Redemption Obligation will not apply if for any given month during the Calculation Period, the Average Amount Redeemed is greater than the Minimum Monthly Redemption Amount.

  • Also, for purposes of clarification, the expiration of the terms set forth in this clause shall not affect, in any way, the provisions relating the collection of Assigned Rights, nor the obligations related to the deposit of Minimum Average Amount in the Restricted Account, in terms set forth in Section Tenth of this CCB.

  • The determination of the Over Target Amount and the Loan Savings Amount shall be made on annual basis, and the lower of such amounts for any fiscal year shall be subtracted from the higher of such amounts for such fiscal year to determine whichever is applicable for such fiscal year of the Net Average Amount or the Net Savings Amount.