Annual Payment definition

Annual Payment. The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

Annual Payment has the meaning in Section 2.8(a).

Annual Payment means the total amount payable to the Settlement Fund by Xxxxxxx on the Payment Date each year in 2023 and onward, as calculated by the Settlement Fund Administrator pursuant to Section V. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section XI.

Examples of Annual Payment in a sentence

• Interest shall accrue at a rate of 6.0% per annum commencing from the payment by Developer of each respective Road Improvement Cost through the date of payment of the Annual Payment from the County to the District which includes such Road Improvement Cost.

• In any year, the County, in its sole discretion and using any funds lawfully available to the County, may pay any amount in excess of the required Annual Payment.

• The County is not required to make any Annual Payment unless and until Road Improvement Costs are expended or incurred by District or for so long as the total sum of Annual Payments exceeds the Road Improvements Costs expended.

• The County will pay to the District the Annual Payment, each year no later than November 1 from any funds that are or can be made lawfully available to the County.

• Notwithstanding anything contained in this Agreement to the contrary, the County and the District shall make timely corrections, as and when needed, to the calculation of Base Value, Tax Increment and Annual Payment if and when any errors are discovered.

More Definitions of Annual Payment

Annual Payment means a payment of monetary compensation made by the state court administrator or his or her designee to an exonerated person pursuant to this section. An annual payment shall be in the amount of one hundred thousand dollars, which amount shall be adjusted annually by the state auditor to account for inflation; except that:

Annual Payment means the payment due under a PILOT Agreement entered into pursuant to Real Property Tax Law § 487(9).

Annual Payment means the total amount of the Net Abatement Amount payable into the Settlement Fund by Teva on each Payment Date (including the Initial Year Payment), as calculated by the Settlement Fund Administrator pursuant to subsection VII.B.4 or agreed to pursuant to subsection VII.B.5, which shall not exceed the maximum payment for any given year as set forth in Exhibit M-1. This term does not include the Additional Restitution Amount, the Settlement Product Cash Conversion Amount, or amounts paid pursuant to Section XIV.

Annual Payment means the total amount of the Net Abatement Amount payable into the Settlement Fund by Allergan on each Payment Date (including the Initial Year Payment), as calculated by the Settlement Fund Administrator pursuant to Section VII or agreed to pursuant to Section VII.B.6, which shall not exceed the maximum payment for any given year as set forth in Exhibit M. This term does not include the Additional Restitution Amount or amounts paid pursuant to Section XIII.

Annual Payment means each annual payment subsequent to the first payment and shall be paid no later than August 31 of the year following the year in which the first payment is made. For example, if the Initial Payment Date is June, 2011, the next Annual Payment would be due by August 31, 2012.

Annual Payment means for each year, the payment to be made pursuant to

Annual Payment. Except for (i) payments owed to the Nation under the existing Settlement and Closing Agreements that the Nation has executed with each individual Lessee, (ii) payments that will be owed to the Nation under the Settlement and Closing Agreements set forth in Section 14, and (iii) the payment set forth in Section 4.5, the total and sole payment that shall be made by (X) APS to the Nation, in consideration for the rights set forth in the 1960 Lease, including, but not limited to, (a) all leasehold rights, (b) the Existing § 323 Grants, and (c) the Renewed § 323 Grants; and by (Y) the Lessees to the Nation, in consideration for the rights set forth in the 1966 Lease, including, but not limited to, (a) all leasehold rights, (b) the Existing § 323 Grants, and (c) the Renewed § 323 Grants.