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.

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

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

Examples of Payment Year in a sentence

• Incentive Payments A-C will be due in installments over the eighteen (18) Payment Years, and Incentive Payment D will be due in installments over thirteen (13) years beginning with Payment Year 6.

• The Payment Date for Payment Year 3 and successive Payment Years is July 15 of the third and successive years and the Annual Payment shall be made pursuant to the process set forth in Section IV.B, except that, with respect to Payment Year 3, Settling States shall have up to the Payment Date to become eligible for Incentive Payment A and thus avoid the reductions set forth in Section XIII.

• Incentive Payment B shall be available to Settling States that are not eligible for Incentive Payment A for the applicable Payment Year.

• The total amount of incentive payments in an Annual Payment shall be the sum of the incentive payments for which individual Settling States are eligible for that Payment Year under the criteria set forth below.

• Incentive Payment C shall be available to Settling States that are not eligible for Incentive Payment A for a Payment Year, including to Settling States that are also eligible for Incentive Payment B.

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

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, except for the Initial Year Payment, the calendar year during which the applicable annual payment is due pursuant to subsection III.B.4. Payment Year 2 is 2024, Payment Year 3 is 2025 and so forth. References to payment “for a Payment Year” mean the annual payment due on July 15 of 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 of this Law;

Payment Year means the twelve-month period beginning on the date payments commence under the reinvestment contract and each twelve-month period thereafter. The first payment year shall begin on or after July 1, 2015.

Payment Year means a Financial Year during the term of this Funding Agreement.