Upside Sharing Amount definition

Upside Sharing Amount means, with respect to any Project for each Relevant Period, the amount due (if any) to the Department for such Relevant Period calculated in accordance with Section 3.2.2 (Upside Sharing Amount Calculation).
View Source
Upside Sharing Amount means, in respect of the relevant Prepayment Date, an amount in US dollars determined pursuant to the following formula: (i) in the case of the First Prepayment Date: A = (X - Y) x Z x 20%; (ii) in the case of the Second Prepayment Date (if any): If A ³ 0, then B = [(X - Y) x Z x 20%] - A If A < 0, then B = (X - Y) x Z x 20% (iii) in the case of the Third Prepayment Date (if any): If B ³ 0, then C = [(X - Y) x Z x 20%] - B If B < 0, then C = (X - Y) x Z x 20%; where:
View Source
Upside Sharing Amount means, for each Relevant Period, the amount due (if any) to the Department for such Relevant Period calculated in accordance with Section 3.2.2 (Upside Sharing Amount Calculation).
View Source

Examples of Upside Sharing Amount in a sentence

  • Unless otherwise required by GAAP, the Recipient shall not amend or modify its accounting policies, reporting practices, or corporate form if such change would reasonably be expected to have a Material Adverse Effect on the Department’s rights to receive the Upside Sharing Amount or any portion thereof.

  • Any Recipient Party fails to pay, in accordance with the terms of any Financing Document, any fee, charge or any other amount due under any Financing Document on or before the date such amount is due and such failure to pay shall continue unremedied for a period of (a) in the case of any payment of the Upside Sharing Amount, forty-five (45) days after the date on which such Upside Sharing Amount was due; and (b) in the case of any other payment, thirty (30) days after the date on which such amount was due.

  • If the Actual Cumulative Unlevered Free Cash Flow for a Project is less than or equal to the applicable Threshold for the Relevant Period, the Upside Sharing Amount shall be zero Dollars ($0).

  • If any Limited Partner Upside Sharing Portion is not used to the pay the Upside Sharing Amount due and payable to the Department at the time such amounts are due and payable, the Partnership shall distribute the Limited Partner Upside Sharing Portion to the applicable Limited Partner.

  • For the avoidance of doubt, the aggregate Upside Sharing Amount paid or payable by the Convertible Bondholder on or prior to the final Prepayment Date pursuant to this sub-Clause 2.1.1 shall be exactly 20% of the difference between the Convertible Bondholder’s Total Proceeds and the Sharing Triggering Amount as at the final Prepayment Date.

  • Such refund (if any) shall be payable in US dollars for same day value on the relevant Prepayment Date by crediting such Upside Sharing Amount in accordance with sub-Clause 2.1.3-2.1.5 below.

  • If the Actual Cumulative Unlevered Free Cash Flow is less than or equal to the applicable Threshold for the Relevant Period, the Upside Sharing Amount shall be zero Dollars ($0).

Related to Upside Sharing Amount

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Debentures to be contemporaneously redeemed in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Debentures to Holders of Trust Securities in connection with a dissolution or liquidation of the Issuer Trust, Debentures having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Debentures are distributed, and (c) with respect to any distribution of Additional Amounts to Holders of Trust Securities, Debentures having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.