Alternative Payment Mechanism definition

Alternative Payment Mechanism means, with respect to any securities or combination of securities (together in this definition, “such securities”), provisions in the related transaction documents requiring the Corporation to issue (or use commercially reasonable efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such securities and apply the proceeds to pay unpaid Distributions on such securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such securities and (y) the fifth anniversary of the commencement of such deferral period, and that
Alternative Payment Mechanism means, with respect to any Qualifying Capital Securities, provisions in the related transaction documents permitting the Corporation, in its sole discretion, or in response to a directive or order from the Federal Reserve, to defer or skip in whole or in part payment of Distributions on such Qualifying Capital Securities for one or more consecutive Distribution Periods up to ten years and requiring the Corporation to issue (or use Commercially Reasonable Efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such Qualifying Capital Securities and apply the proceeds to pay unpaid Distributions on such Qualifying Capital Securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such Qualifying Capital Securities and (y) the fifth anniversary of the commencement of such deferral period, and that:
Alternative Payment Mechanism means, with respect to any Qualifying Capital Securities, provisions in the related transaction documents requiring the Corporation to issue (or use Commercially Reasonable Efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such Qualifying Capital Securities and apply the proceeds to pay unpaid Distributions on such Qualifying Capital Securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such Qualifying Capital Securities and (y) the fifth anniversary of the commencement of such deferral period, and that:

Examples of Alternative Payment Mechanism in a sentence

  • Final Redemption Amount:Aggregate Nominal Amount.(i) Alternative Payment Mechanism (Conditions 7(a) and (c)):Not applicable.(ii) Long Maturity Note (Condition 7(f)):Not applicable.(iii) Variable Redemption Amount (Condition 6(d)):Not applicable.24.

  • Alternative Payment Mechanism (Conditions 7(a) and (c)): Not applicable.

  • We note that the definition of “ACO Activities” in the Participation Agreement includes “providing direct patient care” to the extent such care is provided “in a manner that reduces costs and improves quality.” This is likely to be a fact-specific determination.We believe that payment arrangements under the PBP Alternative Payment Mechanism can continue to be structured to fit in the Next Generation ACO Participation Waiver or another available waiver, or to comply with existing law.

  • General‌ For the Performance Year, CMS shall pay the ACO in accordance with (i) the Alternative Payment Mechanism deemed approved by CMS as described in Section X.C; (ii) the Risk Arrangement deemed approved by CMS as described in Section X.B; (iii) Appendix B; (iv) Section XIII; and (v) this Section XIV.

  • Final Redemption Amount:Aggregate Nominal Amount(i) Alternative Payment Mechanism (Conditions 7(a) and (c)):Not applicable(ii) Long Maturity Note (Condition 7(f)):Not applicable(iii) Variable Redemption Amount (Condition 6(d)):Not applicable24.


More Definitions of Alternative Payment Mechanism

Alternative Payment Mechanism means, with respect to any Qualifying Capital Securities, provisions in the related transaction documents permitting the Corporation, in its sole discretion, or in response to a directive or order from the Federal Reserve, to defer or skip in whole or in part payment of Distributions on such Qualifying Capital Securities for one or more consecutive Distribution Periods up to 10 years and requiring the Corporation to issue (or use Commercially Reasonable Efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such Qualifying Capital Securities and apply the proceeds to pay unpaid Distributions on such Qualifying Capital Securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such Qualifying Capital Securities and (y) the fifth anniversary of the commencement of such deferral period, and that:
Alternative Payment Mechanism has the meaning specified in Section 13.5(a).
Alternative Payment Mechanism means, with respect to any securities or combination of securities (together in this definition, “ securities”), provisions in the related transaction documents that require the Corporation to issue (or use commercially reasonable efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such securities and apply the proceeds to pay unpaid Distributions on such securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such securities and (y) the fifth anniversary of the commencement of such deferral period, and that
Alternative Payment Mechanism means, with respect to any Qualifying Capital Securities, provisions in the related transaction documents that require the issuer thereof, in its discretion, to issue (or use commercially reasonable efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such Qualifying Capital Securities and apply the proceeds to pay unpaid Distributions on such Qualifying Capital Securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which such issuer pays current Distributions on such Qualifying Capital Securities and (y) the fifth anniversary of the commencement of such deferral period, and that:
Alternative Payment Mechanism means, with respect to any Qualifying Capital Securities, provisions in the related transaction documents permitting the Corporation, in its sole discretion, to defer or skip in whole or in part payment of Distributions on such Qualifying Capital Securities for one or more consecutive Distribution Periods not to exceed ten years and requiring the Corporation to issue (or use Commercially Reasonable Efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such Qualifying Capital Securities and apply the proceeds to pay unpaid Distributions on such Qualifying Capital Securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such Qualifying Capital Securities and (y) the fifth anniversary of the commencement of such deferral period, and that:
Alternative Payment Mechanism means, with respect to any Qualifying Capital Securities, provisions in the related transaction documents:
Alternative Payment Mechanism means an optional payment mechanism that may be selected by the ACO for a given Performance Year, under which CMS will make interim payments to the ACO during a Performance Year. The three Alternative Payment Mechanisms available for selection are Infrastructure Payments, PBP, and AIPBP.