## Examples of *Payment Cap* in a sentence

Where: Bq = the Quarterly Payment for the relevant Quarter; NSY = the Annual Revenue Floor; Iq = the Adjusted Net Operational Revenue for the relevant Quarter; and HSY = the Annual

**Payment Cap**for the relevant Support Year; and KSY = the Annual Revenue Ceiling.It is also required to provide this information in MC5 Returnable Schedule.] The Annual

**Payment Cap**in respect of a Support Year is: (a) for the first Support Year $[insert]; (b) for the second Support Year $[insert]; (c) for the third Support Year $[insert]; (d) for the fourth Support Year $[insert]; and (e) [insert further rows to reflect the Support Period] $[insert];.Calculation of Annual Support Amount The Annual Support Amount for each Support Year is calculated as follows: CSY = Min((NSY - ISY) x J, HSY) Where: CSY = the Annual Support Amount for the relevant Support Year; NSY = the Annual Revenue Floor; HSY = the Annual

**Payment Cap**; ISY = the Adjusted Net Operational Revenue; and J = the Revenue Floor Support Percentage, each for the relevant Support Year provided that if the Annual Support Amount is less than zero, then it will be deemed to be zero.Annual

**Payment Cap**[Drafting note: the shortlisted Proponent is required to providecomplete this informationItem 20 here as part of its Financial Value Bid in Stage B of the Tender Process.Cap on Annual Adjustment Amount The Commonwealth will not be required to pay any Annual Adjustment Amount to the extent that the sum of: the Annual Adjustment Amount payable by the Commonwealth; and the sum of the Quarterly Payments Amounts paid by the Commonwealth, in a Financial Year is greater than the Annual

**Payment Cap**.