Relief Payments definition

Relief Payments means (i) an amount equal to all amounts that the Aspen Business is or may be eligible to receive with respect to applications made by the Acquired Group Companies prior to the date hereof set forth on Schedule 1.1(b), and (ii) an amount equal to fifty percent (50%) of any additional amounts that the Aspen Business is or may become eligible to receive with respect to amounts appropriated prior to the date hereof to the Public Health and Social Services Emergency Fund pursuant to the CARES Act or PPPHCEA. For purposes of clarity, Relief Payments shall expressly exclude any funds that the Acquired Group Companies may be entitled to receive with respect to any amounts appropriated to the Public Health and Social Services Emergency Fund pursuant to an action by the U.S. Congress or otherwise on or after the date hereof.
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Relief Payments means any funds issued by any United States Governmental Authority to an eligible business pursuant to the CARES Act or PPPHCEA.
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Examples of Relief Payments in a sentence

  • The City shall also provide the Port with an annual financial accounting of the use of Community Relief Payments, including any unspent balance.

  • YHL or, as the case may be, YLL shall treat any such payment as a payment on account of the Group Relief Payments payable by such Claimants in accordance with subclause (7) above.

  • The Provider is required to reimburse General Relief Payments made by the State of Alaska that have also been covered by Medicaid Waiver or any other payment source as described in 2 AAC 42.235.

  • Payment The Monitor shall publicly report the amounts of the Tax Relief Payments quarterly as set forth in Annex 2.

  • DM3\7000734.9 In the event any Credit Party elects to retain all or any portion of one or more CARES Act Provider Relief Payments, such Credit Party shall use the proceeds thereof exclusively for uses that are permitted pursuant to the CARES Act and otherwise comply in all material respects with the terms of the CARES Act (including, for the avoidance of doubt, the Relief Fund Payment Terms and Conditions published by HHS).

  • If as a result of a final and nonappealable determination by the Governmental Authority administering such CARES Act Provider Relief Payments that one or more of such CARES Act Provider Relief Payments must be repaid in an aggregate amount in excess of $250,000, the failure by a Credit Party to timely pay any such amounts when due, including pursuant to the terms of a settlement agreement entered into with such Governmental Authority, shall be an immediate Event of Default.

  • In furtherance, and not in limitation of the foregoing, Tenant hereby agrees to promptly enter into (and keep in full force and effect throughout the Lease Term) a full-service preventative extermination contract with a licensed pest-control operator reasonably acceptable to Landlord to keep the interior of the Building at all times free from vermin.

  • In the event any Credit Party elects to retain all or any portion of one or more CARES Act Provider Relief Payments, such Credit Party shall use the proceeds thereof exclusively for uses that are permitted pursuant to the CARES Act and otherwise comply in all material respects with the terms of the CARES Act (including, for the avoidance of doubt, the Relief Fund Payment Terms and Conditions published by HHS).

  • As of the Closing Date, Schedule 7.39 hereto sets forth with respect to the Borrower (a) the full amount of CARES Act Provider Relief Payments or other grant, reimbursement or other payment pursuant to the CARES Act or other COVID-19 relief program (other than any Medicare Accelerated Payment -76- or any PPP Loan payments) received by the Borrower, and (b) the amount (if any) of such payment the Borrower intends to return to HHS or other applicable Governmental Authority.

  • If YLL has reasonable grounds for considering that a Claimant is unable or unwilling to make such a payment on account of Group Relief Payments, YLL shall be entitled to withhold from any interest otherwise falling to be paid by it in respect of the YLL Loan Stock to YHL or to any member of the Shareholder's Group of which the relevant Claimant is a member, a sum equal to the amount payable on account by that Claimant.

Related to Relief Payments

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • Reimbursement Amounts As defined in Section 3.22.

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).