Overage Payment definition

Overage Payment means (A- B) x [20] %, where A = Increased Value ■ ■ ■ ■ ■ ■ ■ ■ = ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

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Overage Payment means the sum calculated in respect of the Overage as being due for payment on the completion of each disposition and for such purposes—

Overage Payment means the sum calculated in respect of the Overage as being due for payment at the end of each Relevant Period and for such purposes: -

Examples of Overage Payment in a sentence

• The Independent Surveyor is required to prepare a written decision and give notice (including a written copy) of the decision on the amount of the Overage Payment to the parties within 20 Working Days from and including the date of the Independent Surveyor's appointment.

• Premier Provider shall remit to Netscape [**************************] of such Overage Payment (the "PAYABLE PORTION") within thirty (30) days of receipt of such invoice and Premier Provider shall immediately grant to Netscape a credit, for application against the cost of Netscape's participation in advertising programs on Premier Provider's Web Site in accordance with Section 7.7, equal to [*******************] of such Overage Payment (the "CREDIT PORTION").

• Payment Date: the date on which an Overage Payment is to be made in accordance with 72.2.

• If the Buyer and the Seller fail to agree on the amount of an Overage Payment within 4 weeks from and including the relevant Trigger Date for that Overage Payment, either party may refer the matter for determination by an Independent Surveyor.

• If the parties agree the amount of an Overage Payment at any time after the relevant Trigger Date for that Overage Payment, the Buyer and the Seller shall immediately sign and date a memorandum recording the amount of that Overage Payment and the date of the memorandum shall be the date of agreement for the purposes of 72.2(b).

• Overage Payment: a sum calculated in accordance with the following formula: Where: A = Enhanced Value; and B = Base Value.

• In default of agreement pursuant to 83.1, the Overage Payment shall be the amount determined by the Independent Surveyor and the date of issue of the Independent Surveyor's written decision shall be taken as the date of determination for the purposes of 72.2(b).

• On the terms of this deed, the Buyer agrees to pay an Overage Payment to the Seller on the earlier of the following events occurring during the Overage Period in relation to each Planning Permission granted during the Overage Period: implementation of that Planning Permission; and completion of an Overage Disposal where the land disposed of includes the whole or any part(s) of the Property with the benefit of that Planning Permission.

• The Overage Payment (if any) and the Purchase Price are to be paid by the Developer to the Council on the Payment Date together with any Value Added Tax payable on them and the Council is to provide the Developer with a valid invoice in respect of any Value Added Tax payable on the Overage Payment (if any) and the Purchase Price.

• The Buyer will pay the Overage Payment to the Seller on the later of: [60] days after the date of grant of the Permission; or [30] days after the amount of Overage Payment is agreed in the way provided in this agreement.

More Definitions of Overage Payment

Overage Payment means (A- B) x [20] %, where A = Increased Value and B = Base Value or Last Base Value.

Overage Payment shall have the meaning set forth in Section 3.3(c)(ii).

Overage Payment means any payment due under this Deed and which may be one payment or more than one payment.