Estimated Payments definition

Estimated Payments has the meaning set forth in Section 6.7(d).
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Estimated Payments shall be an amount equal to 1/12th of Tenant’s Proportionate Share of Estimated Operating Costs for any given calendar year. Tenant shall pay such Estimated Payments to Landlord in advance on the first day of each month. If Landlord determines in its reasonable opinion that Landlord’s initial determination of Estimated Operating Costs was incorrect, then Landlord shall have the right to adjust the Estimated Operating Costs and the Estimated Payments as necessary; provided, however, Landlord shall not have the right to adjust such Estimated Operating Costs and/or Estimated Payments more than once in any one calendar year or more than twenty percent (20%) of the Landlord’s initial estimate. Notwithstanding the foregoing sentence, the twenty percent (20%) cap on increasing the Landlord’s initial estimate in any one year shall not create any type of cap or otherwise adversely effect or reduce any Operating Cost Reimbursement (defined below) that Tenant may owe to Landlord hereunder. If Landlord fails to timely notify Tenant prior to the beginning of a calendar year of the Estimated Operating Costs and Estimated Payments for the upcoming calendar year, then Tenant shall continue to pay the Estimated Payments for the prior calendar year until Landlord does notify Tenant of the new Estimated Operating Costs and Estimated Payments. Within a reasonable period after the end of each calendar year, Landlord shall furnish Tenant a statement indicating in reasonable detail the actual Operating Costs for the previous calendar year and the parties shall, within thirty (30) days thereafter, make any payment or allowance necessary to adjust Tenant’s Estimated Payments to Tenant’s actual share of such Operating Costs as indicated by such annual statement (“Operating Cost Reimbursement”). Any payment due Landlord shall be payable by Tenant within thirty (30) days after Landlord’s written demand therefor. Any amount due Tenant shall be credited against Rent installments next becoming due under this Paragraph 3(c) or refunded to Tenant, if requested by Tenant. Real Estate Taxes for each calendar year shall be the Real Estate Taxes that accrue for the year (which, under the current law, are payable in the following calendar year). A final tax bxxx shall be conclusive evidence of the amount of Real Estate Taxes, unless Landlord appeals the amount of such Real Estate Taxes or the assessment of the Building. The terms and provisions of this Paragraph 3 shall survive the expiration ...
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Examples of Estimated Payments in a sentence

  • Estimated Payments - Beginning January 1, 2003, villages requiring individuals and non- individual taxpayers to make estimated tax payments may do so only on a quarterly basis and only as prescribed by Ohio Revised Code Section 718.08.

  • If the Estimated Payment made by Tenant exceeds Tenant’s Cost Allocation for such year, then Landlord shall credit against Tenant’s next ensuing Estimated Payment(s) an amount equal to the difference until the credit is exhausted.

  • Extract from Secondary Market Mortgage Backed SecuritiesFile Content: This file will contain Pool Number, Purchase Date, Face Amount, Type, Date, Maturity, Rate, Factors for 4 Months, Outstanding Balance, Original Discount, Cusip Number, Original WAC, Original WAM, Calculated Remaining Term, Purchased Contractual Term, Historical or Estimated Payments.

  • Estimated Payments from the Executive Supplemental Income PlanThe table below indicates the amount of compensation payable to each named executive officer under the Executive Supplemental Income Plan, as applicable upon different termination events.

  • Quarterly Estimated Payments: To improve the WLI operating fund cash flow, Signatories will receive an estimated quarterly bill.

  • If the Operating Expense Statement indicates that Tenant’s Share exceeded the Estimated Payments, then Tenant shall remit the difference to Landlord as Additional Rent.

  • Estimated Payments: Prepare and submit estimate of partial payments as reflected by estimated work progress with submittal of construction schedule.

  • Estimated Payments of Bristol Bay Fishermen and Processors In 2010, Bristol Bay salmon processors were paid $390 million for the salmon products they produced in the Bristol Bay fishery.

  • See Arizona Form 221.Can You Make Estimated Payments Even if You Do Not Have To?If you do not have to make Arizona estimated income tax payments, you may still choose to make them.

  • Until a new Estimate Statement is furnished, Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth (1/12) of the total Estimated Payments set forth in the previous Estimate Statement delivered by Landlord to Tenant.

Related to Estimated Payments

  • Permitted Payment as defined in Subsection 8.2(b).

  • Permitted Payments has the meaning specified in Section 7.06(b).

  • Excepted Payments means and include (a)(i) any indemnity (whether or not constituting Supplemental Lease Rent and whether or not a Lease Event of Default exists) payable to either the Trust Company, the Lessor Manager, the Equity Investor, the Owner Lessor, or the Owner Participant or to their respective Indemnitees and successors and permitted assigns (other than the Lease Indenture Trustee) pursuant to Section 2.3, 9.1, 9.2, 11.1 or 11.2 of the Participation Agreement, Section 7.1 or 7.2 of the LLC Agreement, and any payments under the Tax Indemnity Agreement or (ii) any amount payable by the Company to the Owner Lessor, the Equity Investor or the Owner Participant to reimburse any such Person for its costs and expenses in exercising its rights or complying with its obligations under the Operative Documents, (b)(i) insurance proceeds, if any, payable to the Owner Lessor or the Owner Participant under insurance separately maintained by the Owner Lessor or the Owner Participant with respect to the Facility as permitted by Section 11.5 of the Facility Lease or (ii) proceeds of personal injury or property damage or other liability insurance maintained under any Operative Document for the benefit of the Trust Company, the Lessor Manager, the Owner Lessor or the Owner Participant, (c) any amount payable to the Owner Participant as the purchase price of the Owner Participant's right and interest in the Member Interest, (d) any amounts payable to the Owner Participant upon exercise by the Company of the Special Lessee Transfer pursuant to Section 13.1 of the Participation Agreement, (e) all other fees expressly payable to the Owner Participant, the Equity Investor or the Owner Lessor under the Operative Documents, (f) if the Facility Lessee exercises its right to assume the Lessor Notes, any Termination Value (or amount calculated by reference thereto) or purchase price payable by the Facility Lessee in connection therewith, (g) any payments made under the Lessee Guaranty in respect of any of the foregoing and (h) any payments in respect of interest, or any payments made on an After-Tax Basis, to the extent attributable to payments referred to in clause (a) through (g) above that constitute Excepted Payments.

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Specified Payment means any Permitted Acquisition or Permitted Investment, in each case, where such event is subject to satisfaction of the Payment Conditions or any component thereof, pursuant to the terms of this Agreement.

  • Required Payments means each of the items described in (i) through (xii) of Section 3.4 of the Indenture.

  • Insured Payments means, with respect to any Distribution Date, the aggregate amount actually paid by the Certificate Insurer to the Trustee in respect of (i) Insured Amounts for a Distribution Date and (ii) Preference Amounts for any given Business Day.

  • Estimated Indebtedness has the meaning set forth in Section 2.3(a).

  • Restricted Payments as defined in Section 7.6.

  • Cash Expenses means, for any period, the Operating Expenses for the operation of the Property for such period or accrued and payable in such period, as set forth in an Approved Annual Budget to the extent that such expenses are actually incurred or accrued for such period by Borrower, less any payments into the Tax and Insurance Escrow Fund.

  • Permitted Payments to Parent means, without duplication as to amounts:

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Insured Payment means (a) as of any Distribution Date, any Deficiency Amount and (b) any Preference Amount.

  • Excluded Payments means (i) indemnity payments paid or payable by Lessee to or in respect of the Owner Participant or the Owner Trustee in its individual capacity, their respective Affiliates, successors and permitted assigns and their directors, officers, employees, servants and agents (collectively, the "Owner Indemnitees") pursuant to Sections 7(b), 7(c), 16 and 17 of the Participation Agreement, (ii) proceeds of public liability insurance in respect of the Aircraft payable as a result of insurance claims made, or losses suffered, by the Owner Trustee or the Indenture Trustee in their respective individual capacities or by any of the Owner Indemnitees, (iii) proceeds of insurance maintained with respect to the Aircraft by the Owner Participant (whether directly or through the Owner Trustee) or any other Owner Indemnitee and permitted under Section 11(e) of the Lease, (iv) all payments required to be made under the Tax Indemnity Agreement by Lessee and all payments of Supplemental Rent by Lessee in respect of any amounts payable under the Tax Indemnity Agreement, (v) fees payable to the Owner Trustee or the Indenture Trustee pursuant to the last sentence of Section 7(c) of the Participation Agreement, (vi) provided that the Secured Certificates shall have been duly assumed by Lessee pursuant to Section 2.13 hereof, the amounts payable to the Owner Trustee pursuant to the third sentence of Section 19(d) of the Lease plus all reasonable expenses incurred by the Owner Trustee and the Owner Participant in connection with such assumption, as applicable, (vii) any payment of the foregoing under the Guarantee, (viii) interest accrued on any of the above, and (ix) any right to enforce the payment of any amount described in clauses (i) through (viii) above and the right to declare an Event of Default in respect of any of the foregoing amounts.

  • Transaction Expenses means any fees or expenses incurred or paid by the Investors, Holdings, the Borrower or any of its (or their) Subsidiaries in connection with the Transactions (including expenses in connection with hedging transactions), this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.

  • Prohibited Payment means any bribe, rebate, payoff, influence payment, kickback or other payment or gift of money or anything of value (including meals or entertainment) to any officer, employee or ceremonial office holder of any government or instrumentality thereof, political party or supra-national organization (such as the United Nations), any political candidate, any royal family member or any other person who is connected or associated personally with any of the foregoing that is prohibited under any Law for the purpose of influencing any act or decision of such payee in his official capacity, inducing such payee to do or omit to do any act in violation of his lawful duty, securing any improper advantage or inducing such payee to use his influence with a government or instrumentality thereof to affect or influence any act or decision of such government or instrumentality.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Total Required Payment means, for a Payment Date, the sum of

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.