Payment Year definition

Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

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Payment Year. The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment “for a Payment Year” mean the Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

Payment Year means the year in which the rate applies to deductions made under Article 41B;

Examples of Payment Year in a sentence

The determination of the Independent Accounting Firm shall be final, binding and non-appealable, absent manifest error, and such date of determination shall constitute the Earnout Determination Date for such Payment Year.
The total number of Company Earnout Shares issuable to the Eligible Company Equityholders for each Payment Year during the Earnout Period shall equal the sum of (i) the EBITDA Component for such Payment Year and (ii) the Revenue Component for such Payment Year, in each case, as determined and payable in accordance with this Section 3.03.
Within 5 Business Days after the Earnout Determination Date for a Payment Year, SPAC shall issue (or cause to be issued) to the Eligible Company Equityholders the Company Earnout Shares (and to the Sponsor, the Sponsor Earnout Shares) earned for such Payment Year as set forth in the applicable Earnout Statement (as finally determined), subject to applicable withholding and compliance with Applicable Law and Nasdaq rules.
If, after the 3rd Payment Year, the total number of Company Earnout Shares earned (including any Catch-Up Earnout Shares) is less than the Revenue Component Cap, then in the 4th Payment Year, the Eligible Company Equityholders shall be entitled to earn such difference upon achieving the Revenue Target for the 4th Payment Year.
If, after the 3rd Payment Year, the total number of Company Earnout Shares earned (including any Catch-Up Earnout Shares) is less than the EBITDA Component Cap, then in the 4th Payment Year, the Eligible Company Equityholders shall be entitled to earn such difference upon achieving the EBITDA Target for the 4th Payment Year.

More Definitions of Payment Year

Payment Year means the calendar year during which the applicable Annual Payment is due pursuant to subsection VII.B. Payment Year 1 is 2023, Payment Year 2 is 2024 and so forth. References to payment “for a Payment Year” mean the Annual Payment due that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

Payment Year. The calendar year during which the applicable Annual Remediation Payment and the Annual Fees Payment is due. Payment Year 1 is 2024, Payment Year 2 is 2025 and so forth. References to payment “for a Payment Year” mean the Annual Remediation Payment and/or Annual Fees Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Remediation Payment and/or Annual Fees Payment due during that year.

Payment Year means a Director’s annual term of service, which is the period beginning on the day after an annual shareholders meeting of the Company and ending on the date of the subsequent year’s annual shareholders meeting.

Payment Year means the year for which the daily rate is paid for habilitation services, beginning July 1 and ending June 30;

Payment Year means the year in which the rate applies to deductions made under Article 41B of this Law;

Payment Year means any 12 month period beginning with the tariff start date, or with the anniversary of the tariff start date.

Payment Year means each twelve-month period after the Closing Date, with the first Payment Year, if any, commencing on the date of the first sale of the Product to a customer in the United States and later Payment Years commencing on the same day of each succeeding year.