Quarterly Payment Amount shall have the meaning ascribed in Article 6.3(b) hereof.
Quarterly Payment Amount as to any calendar quarter means the Applicable Profit Percentage of the Pre-Tax Profit for such quarter.
Quarterly Payment Amount has the meaning specified in Section 5.01.
Examples of Quarterly Payment Amount in a sentence
After each Computation Period and on or before the Quarterly Payment Date for that Computation Period, Assignor shall tender to Assignee the Quarterly Payment Amount with respect to the applicable Computation Period.
In the first Quarter of 2002, Reliant will create a notional reserve account (the “Quarterly Reserve Account”) to be used for purposes of determining the payment obligation, if any, to Novartis in subsequent Quarters as a result of the Quarterly Payment Amount calculation yielding an amount less than zero ($0.00).
After each Computation Period and on or before the Quarterly Payment Date for that Computation Period, Assignor shall tender to Trustee the Quarterly Payment Amount with respect to the applicable Computation Period.
Amounts paid by wire transfers or checks that are undelivered will be held according to Section 3.3 of the Indenture.
The Quarterly Payment Amount for each Quarter shall be equal to Forty Percent (40%) of the Target' s Net Income Before Taxes, up to and including a Quarterly Payment Amount of Twenty-Five Thousand Dollars ($25,000.00), except as provided in Sections 2(b)(iii)(D) through (E) below.
More Definitions of Quarterly Payment Amount
Quarterly Payment Amount means, for any fiscal quarter, the lesser of the Cash Flow Payment or the Payment Ceiling. "Cash Flow Payment" means 77.091% of Easton's EBITDA during the fiscal quarter preceding the fiscal quarter for which the Cash Flow Payment is measured; provided, however, that for the first three Regularly Scheduled Payment Dates the Cash Flow Payment means 77.091% of three times Easton's EBITDA during the month preceding the Regularly Scheduled Payment Date. "Payment Ceiling" means the Note Payment, provided that (1) if the Cash Flow Payment was used to determine a Quarterly Payment Amount, the Payment Ceiling for subsequent Quarterly Payment Amount determinations will be increased by the amount, if any, that the Note Payment exceeded the Cash Flow Payment for such Quarterly Payment Amount, but only if there is a positive balance of the Unused EBITDA and (2) the Payment Ceiling will be decreased by the amount of any Used EBITDA. "Note Payment" means $_________ per fiscal quarter. "Unused EBITDA" means 96.364% of (a) the sum of the EBITDA for all complete fiscal quarters since January 1, 2003; minus (b) the number of complete fiscal quarters since January 1, 2003 multiplied by $208,992; minus (c) any Used EBITDA. "Used EBITDA" means sum of the amounts, if any, by which any Quarterly Payment Amount exceeds the Note Payment. On and after the first Regularly Scheduled Payment date after any adjustment to the face value of this Note pursuant to Section 2.3.1 of the Purchase Agreement, the remaining outstanding principal of this Note (after giving effect to such adjustment) and accrued interest thereon will be amortized and paid in equal monthly installments over a 30 month period commencing on the date of such adjustment. EXAMPLE: FOR FIRST QUARTER 2003: Assume that during December, 2002, the Company's EBITDA is $75,000. This will result in a Cash Flow Payment as calculated in January, 2003, of $173,454.75 ($75,000 multiplied by 3 multiplied by 77.091%). Meanwhile, the Payment Ceiling will not increase because there have not been any payments where the Cash Flow Payment was less than the Note Payment and because Unused EBITDA only includes complete fiscal quarters after January 1, 2003. Because the Payment Ceiling (which will be equal to the Note Payment) is less than the Cash Flow Payment, the payment for January, 2003, will be one-third of the Payment Ceiling. (If instead the Cash Flow Payment were less than the Note Payment, the payment for January, 2003, would be eq...
Quarterly Payment Amount shall have the meaning provided in section 2.5(e).
Quarterly Payment Amount for any calendar quarter shall mean an amount equal to the product of (a) mmBtu of LFG produced from the Lease Area during such calendar quarter, multiplied by (b) the Applicable Section 29 Credit Rate. The MMBTU shall be measured on a monthly basis at the interconnection point. For any calendar quarter, the "Applicable Section 29 Credit Rate" shall equal (x) the product of $3 times the "inflation adjustment factor" divided by (y) 5.8. "Inflation adjustment factor" has the same meaning as in Section 29(d)(2)(B) of the Internal Revenue Code as in effect on the date of this Agreement. If the Internal Revenue Service has not yet published the inflation adjustment factor with respect to a calendar quarter, then the Quarterly Payment Amount shall be computed using the most recently announced inflation adjustment factor. Upon publication of such information, there shall be a reconciling adjustment, upwards or downwards as the case may be, to reflect the actual credit amount determined to be in effect for such calendar quarters.
Quarterly Payment Amount means the quarterly payment ------------------------ amount payable to the Certificate Holders as set forth in the Trust Agreement, but no more than 5% of the Gross Receipts paid (plus deductions taken at the source which are included in the definition of "Gross Receipts") into the Master Collection Account during the preceding calendar quarter.
Quarterly Payment Amount shall have the meaning given such term in ------------------------ the Trust Agreement.
Quarterly Payment Amount has the meaning set forth in Exhibit A to the Trust Agreement.
Quarterly Payment Amount means, with respect to a Quarterly Payment Date, ------------------------ an amount equal to the lesser of (i) the Quarterly Payment Cap and (ii) the sum of (x) the Minimum Scheduled Payment, (y) the Excess Revenue Payment and (z) any Cumulative Prior Shortfalls.