FADJ definition
FADJ means any Final Adjustment, determined in accordance with paragraph 7 of Schedule 8.A (Franchise Payments), to be made on that Reporting Period’s Payment Date. FADJ may be a positive or negative number. MFPP means the Management Fee and Performanc e Payment for the term of the EMA, determined in accordance with paragraph 11.1 of Schedule 8.A (Franchise Payments) and to be paid on the first Payment Date following the determination of the Management Fee and Performanc e Payment in accordance with Paragraph 11 of Schedule 8.A (Franchise Payments) which the Parties acknowledge will be after the expiry of the term of the EMA. Subject to paragraph 11.2, MFPP may only be a positive number.
FADJ means any Final Adjustment, determined in accordance with paragraph 7 of Schedule 8.A (Franchise Payments), to be made on that Reporting Period’s Payment Date. FADJ may be a positive or negative number. MFPP means the Management Fee and Performance Payment for the term of the EMA (and, in the case of the Management Fee, for Reporting Period 13), determined in accordance with paragraph 11.1 of Schedule 8.A (Franchise Payments) and to be paid on the first Payment Date following the determination of the Management Fee and Performance Payment in accordance with Paragraph 11 of Schedule 8.A (Franchise Payments) which the Parties acknowledge will be after the expiry of the term of the EMA. Subject to paragraph 11.2, MFPP may only be a positive number.
Examples of FADJ in a sentence
The Franchise Payment for any Reporting Period shall be an amount equal to: £FP = PFP + PBCP + PADJ + WCP – WCR + FADJ + MFPP – FWCR PFP (Periodic Franchise Payment) means an amount equal to: PFP n = BC n – ER n-1 Where: BC n means the Budgeted Costs for the current Reporting Period (if any).