Annual Installments means with respect to each parcel subject to Assessments, each annual payment of the Assessments, including any applicable interest, as set forth and calculated in the SAP.
Annual Installments means an amount payable annually on a distribution date based the on value of the Account as of the Valuation Date. The amount of each installment shall be calculated by multiplying such Account balance by a fraction the numerator is one and denominator is the remaining installments. Each installment shall be a separate payment for purposes of the Treasury Regulations issued pursuant to Section 409A of the Code.
Annual Installments means, with respect to a Cash-Based Waiver, a payment option offered to the Participant where Heidrick & Struggles shall pay the Participant annually, for a period not to exceed ten (10) years, the amounts owed him or her from the Deferral Account relating to such Cash-Based Waiver. Heidrick & Struggles shall pay the first installment to a Participant as soon as is reasonably practicable following the Payment Commencement Date. Subsequent installments shall be paid as soon as is reasonably practicable following each anniversary of the Payment Commencement Date.
Examples of Annual Installments in a sentence
Annual Installments can be prorated in the same manner as property taxes.
In addition, Administrative Expenses are to be collected with the Annual Installments to pay expenses related to the collection of the Annual Installments.
Administrative Expenses shall be allocated to each Parcel pro rata based upon the amount the Annual Installment on a Parcel bears to the total amount of Annual Installments in the PID as a whole that are payable at the time of such allocation.
The City Council may provide for other means of collecting the Annual Installments to the extent permitted under the PID Act.
Annual Installments shall be collected by the City in the same manner and at the same time as ad valorem taxes.
More Definitions of Annual Installments
Annual Installments means, with respect to a Cash-Based Deferral, a payment option offered to the Participant where Heidrick & Struggles shall pay the Participant annually, for a period not to exceed ten (10) years, the amounts owed him or her from the Deferral Account relating to such
Annual Installments means, with respect to each Assessed Property, each annual payment of: (i) the Special Assessment (including the principal of and interest on), as shown on the Assessment Roll attached hereto as Appendix A, as applicable, or in an Annual Service Plan Update, and calculated as provided in Section VI of this SAP, and (ii) Administrative Expenses, (iii) the Prepayment Reserve described in Section IV of this SAP, and (iv) the Delinquency Reserve described in Section IV of this SAP.
Annual Installments means, collectively, with respect to each Assessed Property, each annual payment of the Assessments as shown on the Assessment Roll and related to the Bonds and the Improvement Area A-1 Projects, including (i) principal; (ii) interest (iii) Annual Collection Costs, and (iv) the 0.50% additional interest rate (the “Additional Interest”) collected pursuant to the Service and Assessment Plan and deposited to the Delinquency and Prepayment Reserve Account as described in the Indenture. The term “Annual Collection Costs” means the actual or budgeted costs and expenses related to the operation of the District, including, but not limited to, costs and expenses for: (1) the Administrator; (2) City staff; (3) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (4) calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (5) preparing and maintaining records with respect to Assessment Roll and annual updates to the Service an Assessment Plan; (6) paying and redeeming Bonds; (7) investing or depositing Assessments and Annual Installments; (8) complying with this Service and Assessment Plan, the PID Act, and any Indenture, with respect to the Bonds, including the City’s continuing disclosure requirements; and (9) the paying agent/registrar and Trustee in connection with Bonds, including their respective legal counsel. See “SECURITY FOR THE BONDS — Pledged Revenue Fund,” “APPENDIX A — Form of Indenture” and “APPENDIX B — Form of Service and Assessment Plan.”
Annual Installments means the First Annual Installment from the Monetary Fund, Second Annual Installment from the Monetary Fund, Third Annual Installment from the Monetary Fund, and Fourth Annual Installment from the Monetary Fund, as described in Section II, Paragraphs D(1)(i) and D(2)(i) below.
Annual Installments means a series of amounts to be paid annually over a predetermined period of years in substantially equal periodic payments, except to the extent any increase in the amount reflects reasonable earnings through the date the amount is paid. Annual Installments shall be treated as a single payment for the purpose of Section 409A.
Annual Installments means a series of amounts to be paid annually over a predetermined period of years in substantially equal periodic payments. Annual installment payments shall be treated as a single payment for the purpose of Code Section 409A;
Annual Installments means an amount equal to "(1/A) x B," where "A" equals the number of installments remaining to be made (including the installment with respect to the calculation being made) and "B" equals the Deferral Account balance as of the date the amount of such installment is determined. For example, if a Participant elects a five-year installment option, he or she would receive a first installment equal to 1/5 of the account balance on the first installment date, 1/4 of the Deferral Account balance one year later, 1/3 and 1/2 a year and two years after that, respectively, and the remaining account balance on the fourth anniversary of the distribution date.