Purchase Formula definition

Purchase Formula means at any time, and amount equal to 130.00% of the net amount of all Acceptable/Eligible Accounts.
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Purchase Formula. If the Plan is established under a Money Purchase Adoption Agreement (a "Money Purchase Plan"), for each Plan Year, an Employer shall, subject to the restrictions set forth in Article XIII, pay to the Trustee an amount determined in accordance with its Adoption Agreement; provided, however, that an Employer's contribution paid to the Trustee for any Plan Year shall not exceed the maximum amount permitted as a Federal income tax deduction for the Employer on account of such contribution for such Plan Year. The amount of the Employer Contributions to be funded shall be reduced by any available forfeitures pursuant to Section 5.7 hereof unless otherwise provided in the applicable Adoption Agreement.
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Examples of Purchase Formula in a sentence

  • Seller acknowledges Buyer has no obligation to make any payments of Current Year Additional Purchase Formula Amounts for calendar years 1999, 2000 and 2001.

  • The Current Year Modified Additional Purchase Formula Amount shall be paid pursuant to the terms of Section 1.5(c)(v) hereof.

  • The Current Year Additional Purchase Formula Amount shall be paid pursuant to the terms of Section 1.5(c)(v).

  • Subject to the terms and conditions of this Agreement, NFS/BANK agrees to fund against the purchase of Accounts Receivable hereunder an amount not to exceed the sum of ($3,000,000.00) Three Million and 00/100 or the Purchase Formula for the purchase of ALL of the Acceptable/Eligible Accounts, whichever is less.

  • The Current Year Additional Purchase Formula Amount shall be paid pursuant to the terms of Section 1.5(c)(iv).

  • CLIENT understands and agrees that the maximum amount funded by NFS/BANK for the purchase ALL of CLIENT’S Accounts Receivable (and all rights securing payment of such Accounts Receivable) shall be limited to the amount of the Purchase Formula for the funding of ALL of the Acceptable/Eligible Accounts or the amount specified in Section 49 below, whichever is less.

Related to Purchase Formula

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

  • Purchase at retail means a purchase by any person at a retail sale.

  • Additional Accelerated Purchase Share Volume Maximum means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, a number of shares of Common Stock equal to (i) the number of Purchase Shares specified by the Company in the applicable Additional Accelerated Purchase Notice as the Additional Accelerated Purchase Share Amount to be purchased by the Investor in such Additional Accelerated Purchase, divided by (ii) the Additional Accelerated Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).