Examples of Payment Cap in a sentence
Where: Bq = the Quarterly Payment for the relevant Quarter; NSY = the Annual Revenue Floor; Iq = the Adjusted Net Operational Revenue for the relevant Quarter; and HSY = the Annual Payment Cap for the relevant Support Year; and KSY = the Annual Revenue Ceiling.
It is also required to provide this information in MC5 Returnable Schedule.] The Annual Payment Cap in respect of a Support Year is: (a) for the first Support Year $[insert]; (b) for the second Support Year $[insert]; (c) for the third Support Year $[insert]; (d) for the fourth Support Year $[insert]; and (e) [insert further rows to reflect the Support Period] $[insert];.
Calculation of Annual Support Amount The Annual Support Amount for each Support Year is calculated as follows: CSY = Min((NSY - ISY) x J, HSY) Where: CSY = the Annual Support Amount for the relevant Support Year; NSY = the Annual Revenue Floor; HSY = the Annual Payment Cap; ISY = the Adjusted Net Operational Revenue; and J = the Revenue Floor Support Percentage, each for the relevant Support Year provided that if the Annual Support Amount is less than zero, then it will be deemed to be zero.
Annual Payment Cap [Drafting note: the shortlisted Proponent is required to providecomplete this informationItem 20 here as part of its Financial Value Bid in Stage B of the Tender Process.
Cap on Annual Adjustment Amount The Commonwealth will not be required to pay any Annual Adjustment Amount to the extent that the sum of: the Annual Adjustment Amount payable by the Commonwealth; and the sum of the Quarterly Payments Amounts paid by the Commonwealth, in a Financial Year is greater than the Annual Payment Cap.