Resort Payment definition

Resort Payment means the amount to be paid by Resort equal to the greater of (i) 44% of Resort's net assets in liquidation valued as of (aa) December 31, 1997 (as set forth in Resort's Form 10-K or audited financial statements for the period ending December 31, 1997) or (bb) the date Resort files its certificate of liquidation, whichever is earlier, or (ii) $1,000,000.00. The timing of the funding of the Resort Payment into the Class Escrow Account is detailed in Section VII, below.
Sample 1

Examples of Resort Payment in a sentence

  • Slagel, Esq., on behalf of their respective clients shall direct LaSalle to transfer that portion of the Derivative Fund constituting the Additional Resort Payment plus all accrued interest to the Class Action Fund Account; (c) D&T shall direct the GD&C client trust account to transfer the D&T Escrow plus all accrued interest to the Class Action Fund Account.

  • While a supplier could, eventually, make a claim for a Supplier of Last Resort Payment, in the meantime it would have incurred significant costs in maintaining customer communications, liaising with administrators, tracing customers who had moved address, etc.

  • One DISG member, representing a potential purchaser raised an issue as to how these proposals would relate to Amended Standard Condition 48, Last Resort Payment Claims.

  • Supplier of Last Resort Timelines 33Appendix 1 – Relevant Supply Licence Conditions 34Condition 22 (Supply Licence): Supplier of Last Resort 34Condition 23 (Supply Licence): Claims for Last Resort Supply Payments 37Condition 26 (Supply Licence): Duty to Offer Terms 39Condition 33 (NIE Transmission Licence): Supplier of Last Resort Payment Claims.

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  • Class Counsel will apply to the Court for an award from the Class Action Fund of attorneys' fees not to exceed 30% of the amount of the Class Action Fund, excluding the amount of the Additional Resort Payment, plus reimbursement of costs and expenses.

  • Within five business days after both: (a) the filing of Resort's Form 10-K for the period ending December 31, 1997, or Resort's receipt of its audited financials statements for the period ended December 31, 1997, and (b) the occurrence of the Effective Date, the portion of the Resort Payment that has not been paid into the Class Escrow shall be paid by Resort directly into the Class Action Fund Account.

  • Class Action Plaintiffs' Counsel intend to apply for an award of attorneys' fees not to exceed 30% of the Class Action Fund, excluding the amount of the Additional Resort Payment, and reimbursement of litigation costs and expenses not expected to exceed $________.

  • Reimbursement of Services/Payer of Last Resort Payment for screening and diagnostic services may not exceed the amount that would be paid under Medicare, Part B.

  • Resort Clerk has access to Reservation Functions, Drive-Up Reservations, Purchase Points for Member, Change My Password and all Reports except the Resort Payment Detail Report and the Reservation Maintenance Report.

Related to Resort Payment

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Delta Payment means as it is described in this Agreement.

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

  • Individual PAGA Payment means the Aggrieved Employee’s pro rata share of 25% of the PAGA Penalties calculated according to the number of Workweeks worked during the PAGA Period.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Interim Payment has the meaning specified in Section 10.1.

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

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Payment Amount has the meaning specified in Section 6.1.

  • Debit Payment means a particular transaction where a debit is made.

  • Past Due Rent Payment is defined in Section 2.2(g).

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

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • 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.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • REIT Payment has the meaning set forth in Section 15.12 hereof.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

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