Lump Sum Method definition

Lump Sum Method means a method of reimbursement in which a cash payment equal to the total adjustment will be made to a consumer.

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Lump Sum Method. A method pursuant to which EME shall pay to the Owner Participant a lump sum (computed as provided in Section 6.6 hereof) equal to the present value (discounted at a rate to preserve the Owner Participant’s Expected Return) of all additional federal income taxes currently payable and anticipated to be payable in future years by the Owner Participant as a result of such Indemnified Tax Loss, less (but not below zero) the present value (discounted at a rate to preserve the Owner Participant’s Expected Return) of all anticipated future tax savings that the Owner Participant would not realize but for such Indemnified Tax Loss or other event giving rise thereto (for purposes of this calculation, additional federal income taxes anticipated to be payable or reduced will be computed in accordance with Section 6.6 and on the basis that then-existing laws will prevail in such subsequent years). “MACRS” the Modified Accelerated Cost Recovery System described in Section 168(b) and 168(c) of the Code. “Owner Participant” Powerton Generation I, LLC, a Delaware limited liability company, its successors and permitted assigns. As defined herein, the term “Owner Participant” shall include any affiliated group of corporations (and any member thereof) of which the Owner Participant is or shall become a member, if consolidated, unitary or combined returns are or shall be filed for such affiliated group for U.S. federal, state or local income tax purposes. “Permitted Act” the following acts, in each case to the extent expressly permitted under the Operative Documents and not in violation of any provision of the Operative Documents:

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Examples of Lump Sum Method in a sentence

Fixed Fee (Lump Sum) Method: For work that can be defined and delineated in advance, payment to the A/E will be made on the basis of a fixed fee.
The ENGINEER's fees shall be based on one of the following as requested by the City of Mexico Beach and as determined in each purchase or task order: Lump Sum Method - wherein the City of Mexico Beach shall pay the ENGINEER an agreed upon lump sum amount, which includes all of the ENGINEER's Direct Salary, Overhead Costs, Direct Expenses, Subconsultants, and Profit.
The Lump Sum Method is more commonly used by ▇▇▇▇▇ for portions of the Phases where ▇▇▇▇▇ has control over a greater percentage of unknowns, such as the Technical Agreement Owner: City of Bellbrook, OH Page 11 of 30 Exhibits: A, C, E, GP, IR Tank No: ▇▇-▇▇-▇▇-▇▇ Specifications, Bidding and Contract Documents, and Post Construction Phases excluding fees for Additional Services.
The Lump Sum Method fee charged by ▇▇▇▇▇ constitute full and completed compensation for ▇▇▇▇▇’▇ services including labor costs, overhead, and profit, and reimbursable expenses.
The Lump Sum for Fixed Fee will be processed as same as that for Lump Sum Method, above, with the exception that any amount earned based on the interim Progress Report regardless of the amount will be invoiced as a part of a monthly invoice for direct and indirect costs as set forth above.
Lump Sum compensation shall be the total fixed price amount payable under the Lump Sum Method (including all payroll costs, overhead costs, other direct costs, fees, subconsultants and specialist costs for the service to be provided in the Work Authorization) unless there is a change in the scope of work, or other conditions stipulated in any supplemental Work Authorization which will alter the Lump Sum Payment.
The Lump Sum Method is more commonly used by ▇▇▇▇▇ for portions of the Phases where ▇▇▇▇▇ has control over a greater percentage of unknowns, such as the Technical Specifications, Bidding and Contract Documents, and Post Construction Phases excluding fees for Additional Services.
Provisions concerning the submission of Lump Sum Method Invoices, including appropriate provisions concerning progress payments, will be set forth in each applicable Delivery Order using it as a method of compensation.
The Lump Sum Method is used when the SOW is well-defined and the total consulting effort can be estimated accurately.
Lump Sum Method - a negotiated fixed fee for specific tasks or projects.

More Definitions of Lump Sum Method

Lump Sum Method means a one-time distribution to Preferred Members of a percentage of the Liquidity Proceeds.

Lump Sum Method. A method pursuant to which the Facility Lessee shall pay to the Owner Participant a lump sum (computed as provided in Section 5.4 hereof) equal to the present value (discounted at a rate to preserve the Owner Participant's Expected Return) of all additional federal income taxes currently payable and anticipated to be payable in future years by the Owner Participant as a result of such Indemnified Tax Loss, less (but not below zero) the present value (discounted at a rate to preserve the Owner Participant's Expected Return) of all anticipated future tax savings that the Owner Participant would not realize but for such Indemnified Tax Loss or other event giving rise thereto (for purposes of this calculation, additional federal income taxes anticipated to be payable or reduced will be computed in accordance with Section 5.4 and on the basis that then-existing laws will prevail in such subsequent years).