Annual Payment to City Sample Clauses

Annual Payment to City. The COUNTY shall pay to the CITY the sum of $1,468,630.00 for the first fiscal year of this Interlocal Agreement.
Sample 1
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Annual Payment to City. CRT, including its successors in interest and assigns shall make an annual City Operation and Maintenance Fee payment as referenced in Section 1.c.(A) below (“O&M Payment”). The amount of the O&M Payment on the first Payment Due Date (as defined in Subsection 1.b.), assuming the first Payment Due Date is in 2016, shall be twenty thousand seven hundred and eighty one dollars ($20,781). The O&M Payment shall increase annually after 2016 based on Engineering News Record’s Construction Cost Index (ENRCCI) for the twelve months ending in April, as published in April of the preceding year, up to a maximum of 2%; provided, that any percentage increase of ENRCCI that exceeds the annual 2% limit will be carried over and applied the following year, or any year thereafter, if the ENRCCI index increase for that year is less than 2%. If ENRCCI is at any time no longer available, then a comparable economic indicator, as reasonably determined by City, shall be used to determine the annual adjustment. The O&M Payment is also referred to herein as the “Payment”.
Sample 1
Annual Payment to City. MW, including its successors in interest and assigns shall make an annual City Operation and Maintenance Fee payment as referenced in c.(B) below (“O&M Payment”). The amount of the O&M Payment on the first Payment Due Date (as defined in Subsection 1.b.) shall be seven hundred and two dollars ($702). The O&M Payment shall increase annually based on Engineering News Record’s Construction Cost Index (ENRCCI) for the twelve months ending in April, as published in April of the preceding year, up to a maximum of 2%; provided, that any percentage increase of ENRCCI that exceeds the annual 2% limit will be carried over and applied the following year, or any year thereafter, if the ENRCCI index increase for that year is less than 2%. If ENRCCI is at any time no longer available, then a comparable economic indicator, as reasonably determined by City, shall be used to determine the annual adjustment. The O&M Payment is together referred to herein as the “Payment”.
Sample 1

Related to Annual Payment to City

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement.

  • SUPPLEMENTAL PAYMENT LIMITATION Notwithstanding the foregoing:

  • Benefit to Citizens of Xxxxxxx County The safety of the citizens of Xxxxxxx County is enhanced through this Agreement, which promotes safe boating conditions and reduces costs associated with patrols of recreational waterways.

  • MAXIMUM COST TO COUNTY In no event will the cost to County for the services to be provided herein exceed the maximum sum of $ including direct non-salary expenses. As set forth in section 14 of this Contract, should the funding source for this Contract be reduced, Contractor agrees that this maximum cost to County may be amended by written notice from County to reflect that reduction.

  • SUPPLEMENTAL PAYMENTS Applicant shall make annual Supplemental Payments in an amount equal to, but not to exceed, the limit of the annual Supplemental Payment as set out Section 6.2 below, starting with the first complete or partial year of the Qualifying Time Period and accruing on January 1 of each year thereafter, and continuing through the third year following the end of the Tax Limitation Period.

  • Billing, Payment, Milestones, and Financial Security 6.1 Billing and Payment Procedures and Final Accounting

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Retirement Payment Employees with 25 or more total years of service in the program, who give two months’ notice of intent to retire, shall be provided the equivalent of 16% of annual salary, or $16,000, whichever is greater, at date of termination. The payment shall not exceed $20,000.

  • Minimum Payment Due Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.

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