Maximum Allowable Price definition

Maximum Allowable Price. (as defined in Section 2.5 of the Formation Agreement). If TPR's total revenues from the SxSW franchise territories in any fiscal quarter from products included in clause (ii) plus Test Preparation Products whose suggested retail price is less than the Maximum Allowable Price ("Low-Priced Products") exceed 50% of TPR's combined revenues from the SxSW franchise territories for all Distance Learning products and Low-Priced Products (the "50% Threshold"), SxSW will have the right to suspend its marketing commitment under Section 7.e. below for all Distance Learning products until TPR's revenues from products in clause (ii) plus Low-Priced Products fall below the 50% Threshold in any quarter. During any period in which SxSW elects to suspend its marketing obligations as provided in this paragraph, the Distance Learning Fee under Section 2.b below will be reduced to ten percent (10%) of Distance Learning Revenue. Otherwise, the foregoing two sentences will not affect the operation of this letter agreement.

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Maximum Allowable Price means, until December 31, 1995, $80.00. In order to reflect subsequent changes in the average cost of products similar to Test Preparation Products, the parties agree that the Maximum Allowable Price shall be adjusted on December 31, 1995 and each December 31 thereafter, by a percentage amount equal to the average percentage change in the Applicable Indices (herein defined) from the December of the previous year. As used herein, the term "Applicable Indices" shall mean and refer to the following:

Maximum Allowable Price as determined under Section 5, below. The City shall communicate the results of such determinations to Owner within said ten (10) day period (the “Notice of Determination”).

Examples of Maximum Allowable Price in a sentence

In no event, however, shall the Lump Sum Price be greater than the Maximum Allowable Price (MAP) of Seven Million Five Hundred Thousand Dollars ($7,500,000).
The following fixed amounts are based on the total Maximum Allowable Price (MAP) for the Project, inclusive of all hard and soft costs, of $7,500,000.
In the event Owner receives proceeds as a result of a complete eminent domain taking of the Property, Owner and the City shall share in such proceeds such that Owner shall receive an amount equal to no more than the Maximum Allowable Price as determined under Section 5 above, with the City receiving the balance of the proceeds, if any.
If there occurs a partial eminent domain taking, or if Owner receives any insurance proceeds as a result of any casualty loss to the Property, then the parties shall share in the proceeds on a pro-rata basis, with Owner receiving a percentage of the Maximum Allowable Price based on the diminution of value of the Property, with the City receiving the balance of the proceeds, if any.

Maximum Allowable Price. (as defined in Section 2.5 of the Formation Agreement). If TPR's total revenues from the Boston/NJ franchise territories in any fiscal quarter from products included in clause (ii) plus Test Preparation Products whose suggested retail price is less than the Maximum Allowable Price ("Low-Priced Products") exceed 50% of TPR's combined revenues from the Boston/NJ franchise territories for all Distance Learning products and Low-Priced Products (the "50% Threshold"), Boston/NJ will have the right to suspend its marketing commitment under Section 7.d below for all Distance Learning products until TPR's revenues from products in clause (ii) plus Low-Priced Products fall below the 50% Threshold in any quarter. During any period in which Boston/NJ elects to suspend its marketing obligations as provided in this paragraph, the Distance Learning Fee under Section 3 below will be reduced to ten percent (10%) of Distance Learning Revenue. Otherwise, the foregoing two sentences will not affect the operation of this letter agreement.

Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.
Maximum allowable cost list means a list of drugs for
Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.
Applicable Price has the meaning assigned to such term in the definition of “Dutch Auction”.
Maximum allowable residential density means the density allowed under the zoning ordinance and land use element of the general plan, or if a range of density is permitted, means the maximum allowable density for the specific zoning range and land use element of the general plan applicable to the project. Where the density allowed under the zoning ordinance is inconsistent with the density allowed under the land use element of the general plan, the general plan density shall prevail.