Contribution Payment definition
Examples of Contribution Payment in a sentence
The Apprentice Contribution Payment of $5.00 is applied as per Clause 4.4 of this Agreement.
Notwithstanding the foregoing, but subject to Section 10.9, for the first three Program Years, all or part of the Contribution Payment shall be deferred as shown in Table 1 set forth below.
The only permitted withdrawal from or application of funds on deposit in, or otherwise to the credit of, the Collection Account shall be in accordance with the provisions of Sections 6.4, 8.2 and 9.1 or to effect a Permitted Distribution or a Contribution Payment in accordance with the terms of this Agreement.
Table 1 ------- Year Contribution Payment Amount Deferred ---- -------------------- --------------- 1999 -0- $20MM 2000 $ 5MM $15MM 2001 $15MM $ 5MM 2002 $20MM 2003-18 $25MM until the full $40MM bearing an 8% interest (starting to run on the date each monthly installment would otherwise be due) is entirely recovered by Monsanto, at which point the Contribution Payment shall revert to $20MM per Program Year.
Each Program Year the Agent shall make a fixed contribution to the overall Expenses of the Roundup L&G Business in an amount equal to twenty million U.S. Dollars ($20,000,000) ("Contribution Payment").