Payment Limitation definition

Payment Limitation is defined in Section 3.03.
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Payment Limitation means the lesser of, (i) $182,803,000, or (ii) the Applicable Percentage of the Total Estimated Project Value. “Total Estimated Project Value” shall mean, (a) as of the Effective Date, $428,325,606, and (b) as of any subsequent date on which a Requisition is submitted to ACC, an amount for the fair market value of the Site and the Project (“Fair Market Value”) determined by the Xxxxxx County Board of Tax Assessors to exist. “Applicable Percentage” shall mean 29%. No reimbursement shall be made to the extent that the amount thereof, when combined with the amount of all prior reimbursements, exceeds in the aggregate the lesser of the Applicable Percentage of the then current Total Estimated Project Value, or $182,803,000. There are no assurances that the total Disbursements in the aggregate will reach the amount of the Payment Limitation, or any other amount.
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Payment Limitation means the total cost for specified goods and/or services as established in a contractual relationship with a third party.
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Examples of Payment Limitation in a sentence

  • Avoiding Default Determinations in Payment Limitation Appeals ....................

  • Payment Limitation Provisions............................................................................

  • Payment Limitation..............................................................................................

  • Promptly after the occurrence of the Effective Date, the parties hereto shall execute the Acknowledgment attached as Schedule 8.1 hereto and incorporated herein by reference (the “Acknowledgment”), which shall evidence that the Effective Date has occurred and the date thereof and of the Expiration Date, and shall set forth the actual amount of the Payment Limitation.

  • A self-certification indicating that each individual or entity receiving a direct or indirect payment through this grant is in compliance with the EQIP Payment Limitation, AGI, HEL, and Wetlands Conservation Compliance Farm Bill provisions.A progress report template will be provided to grantees by the NRCS program contact.

  • Interim actions remain in effect only as long as the Vice Provost for Student Affairs or their designee determines there is a need for such action or until the matter has been investigated, adjudicated, or otherwise resolved in accordance with the Code.

  • FSA, “Legislative History of Payment Eligibility and Payment Limitation Provisions,” FSA Handbook, Payment Eligibility, Payment Limitation, and Average Adjusted Gross Income—Agricultural Act of 2014, as of February 10, 2016 (hereinafter FSA Handbook).

  • Payment Limitation: The maximum grant for a feedlot relocation is not to exceed $100,000.

  • Reserved) Part 7 Payment Eligibility and Payment Limitation Determinations Section 1 COC Responsibilities206 COC Determinations............................................................................................

  • Both quarterly and cumulative payment amounts must be submitted.• A self-certification indicating that each individual or entity receiving a direct or indirect payment through this grant is in compliance with the EQIP Payment Limitation, AGI, HEL, and Wetlands Conservation Compliance Farm Bill provisions.


More Definitions of Payment Limitation

Payment Limitation means the lesser of, (i) $182,803,000, or (ii) the Applicable Percentage of the Total Estimated Project Value. “Total Estimated Project Value” shall mean, (a) as of the Effective Date, $428,325,606, and (b) as of any subsequent date on which a Requisition is submitted to ACC, an amount for the fair market value of the Site TAD Incrementand the Project (“Fair Market Value”) determined by the Xxxxxx County Board of Tax Assessors to exist. “Applicable Percentage” shall mean 29%. No reimbursement shall be made to the extent that the amount thereof, when combined with the amount of all prior reimbursements, exceeds in the aggregate the lesser of the Applicable Percentage of the then current Total Estimated Project Value, or $182,803,000. There are no assurances that the total Disbursements in the aggregate will reach the amount of the Payment Limitation, or any other amount.
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Related to Payment Limitation

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Deduction Limitation means the following described limitation on a benefit that may otherwise be distributable pursuant to the provisions of this Plan. Except as otherwise provided, this limitation shall be applied to all distributions that are “subject to the Deduction Limitation” under this Plan. If an Employer determines in good faith prior to a Change in Control that there is a reasonable likelihood that any compensation paid to a Participant for a taxable year of the Employer would not be deductible by the Employer solely by reason of the limitation under Code section 162(m), then to the extent deemed necessary by the Employer to ensure that the entire amount of any distribution to the Participant pursuant to this Plan prior to the Change in Control is deductible, the Employer may defer all or any portion of a distribution under this Plan. Any amounts deferred pursuant to this limitation shall continue to be credited/debited with additional amounts in accordance with Section 3.7 below, even if such amount is being paid out in installments. The amounts so deferred and amounts credited thereon shall be distributed to the Participant or his or her Beneficiary (in the event of the Participant’s death) at the earliest possible date, as determined by the Employer in good faith, on which the deductibility of compensation paid or payable to the Participant for the taxable year of the Employer during which the distribution is made will not be limited by Code section 162(m), or if earlier, the effective date of a Change in Control. Notwithstanding anything to the contrary in this Plan, the Deduction Limitation shall not apply to any distributions made after a Change in Control.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Aggregate Payments as defined in Section 7.2.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Restricted Debt Payments has the meaning set forth in Section 6.04(b).

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Total Payments means those payments so described in Section 6.2 hereof.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Current Pay Obligation means a Collateral Debt Obligation that would otherwise be a Defaulted Obligation, but as to which:

  • Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Payment Amount as defined in Section 3.5.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).