Base Payment definition

Base Payment means the payments made pursuant to Section VII.D.

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Base Payment has the meaning provided in Section 2.5(c).

Base Payment means the payments made pursuant to subsection VII.D.

Examples of Base Payment in a sentence

• The Servicer may, at its option, make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if the Base Payment exceeds the sum of (i) Active Lease Proceeds (which may be positive or negative) plus (ii) the Payahead Draw, by depositing the amount of the excess (equal to the Active Lease Advance) in the Exchange Note Collection Account on the Business Day before the related Payment Date or, with satisfaction of the Rating Agency Condition, on that Payment Date.

• The Gross-Up Payment shall not include the payment of any tax on the Base Payment other than the Excise Tax.

• Notwithstanding the foregoing, if during any month of the Amendment Period Vendor provides Services exceeding the Minimum Utilization: (i) the Base Payment Installment or February Payment for that month shall be waived, and the Board shall not pay the Base Payment Installment or February Payment attributable to that month; and (ii) in lieu of the Base Payment Installment or February Payment, Vendor shall return to receiving payments for that month in accordance with Section 4.A. of the Original Agreement.

• The Base Payment will be paid to Vendor in monthly installments as set forth in the payment schedule attached hereto as Schedule 1 (the “Monthly Base Payment Installments'').

• As a condition of the Base Payment and February Payment, Vendor shall ensure that it remains fully operational and staffed, including continuing to pay and retain its bus drivers and bus aides, in order to render prompt Services at any time during the Amendment Period.

More Definitions of Base Payment

Base Payment means, for a Lease, an amount payable by the related Lessee monthly in advance that provides a fixed internal rate of return and amortizes the Adjusted Capitalized Cost of the Lease to the Contract Residual Value of the related Leased Vehicle at the Scheduled Lease End Date.

Base Payment. As defined in Section IV.G.

Base Payment has the meaning set forth in Section IV.▇.

Base Payment is defined in Section 3.01(b) of this Agreement.

Base Payment means the standard payment (currently subject to adjustment up or down based upon a Grower’s performance on a given flock as compared to a peer group) made by the Settling Defendants to a Grower that supplies broiler chickens for processing in the Settling Defendants’ facilities, such as the standard payment characterized as the “base pay per pound” and set forth in Schedule 1 of the current Wayne Farms Broiler Production Agreement and the “Base Pay” as set forth in the Payment Schedule attached to the Sanderson Farms, Inc. (Production Division) Broiler Production Agreement.

Base Payment shall have the meaning set forth in Section 2.03.

Base Payment. As defined in Section Error! Reference source not found...