Adjustment for losses Sample Clauses

Adjustment for losses. For the purpose of the Balancing and Settlement Code, the Allocation Platform will send to the SAA (as defined in that Code) a program called BM Unit Metered Volume expressed in kWh at Sellindge in half-hourly points and calculated by this formula: a. for a BM Unit in the direction from France to England: BMUMV = (1-LF) * DMV; and b. for a BM Unit in the direction from England to France: BMUMV = (1+LF) * DMV. For the purpose of the RTE Settlement Arrangements and for an export from France to England, the Allocation Platform will send to RTE (in its capacity as Transmission System Operator) a program called “Programme d'Export à Mandarins” expressed in kWh at Les Mandarins in half-hourly points and calculated by this formula: PEM = (1+LF) * DMV For the purpose of the RTE Settlement Arrangements and for an import from England to France, the Allocation Platform will send to RTE a program called “Programme d'Import à Mandarins” expressed in kWh at Les Mandarins in half-hourly points and calculated by this formula: PIM = (1-LF)*DMV. In the above paragraphs, “DMV” means the Deemed Metered Volume calculated for that Registered Participant for that Settlement Period under section 2 above.
Sample 1
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Adjustment for losses. 43 ARTICLE IX -- MISCELLANEOUS......................................................................................46
Sample 1
Adjustment for losses. Attributable to Breaches of ARC Representations and Warranties. If, on or prior to the Termination Date (as defined in the Escrow Agreement), it becomes known to the AmDoc Stockholders' Representatives that (i) any of the representations and warranties set forth in Section 4.3(c)(ii) or 4.5 of this Agreement were untrue or incorrect as of the date hereof or as of the Closing Date or (ii) AmDoc's projection as set forth on Section 3.3(c)(ii) of the Disclosure Schedule as to the number of shares of ARC Series A-6 Preferred Stock to Premier Research Worldwide, Ltd. in connection with agreements between AmDoc and Premier Research Worldwide, Ltd. in existence at the Closing Date is more than the number of shares actually issued, the AmDoc Stockholders' Representatives shall notify ARC and the Escrow Agent in writing of the amount of their good faith estimate of the amount of any claim, loss, liability, damage, cost or expense resulting from or incurred in connection with the breach of such representation or warranty or inaccuracy of such projection, less the amount of any benefits actually received (an "AmDoc Claim"), which notice shall include a brief description of the facts upon which such AmDoc Claim is based. ARC shall cooperate fully in responding to questions and requests for information submitted by the AmDoc Stockholders' Representatives and their professional advisers in connection with their determination of an AmDoc Claim, and shall, with reasonable prior notice, provide them with full access to members of the management of ARC who are knowledgeable in the matters under review and to the books and records of AmDoc to the extent related to the determination of the AmDoc Claim. Upon receipt of the notice of the AmDoc Claim, ARC shall have twenty (20) business days in which to review such AmDoc Claim, and if, in its reasonable judgment, it disagrees with the amount of such AmDoc Claim, ARC may propose an adjustment thereto or propose that no amount should be paid on account of such ARC Claim within such twenty (20) business day period. Any proposed adjustment or rejection thereof shall be in writing and shall be submitted to the AmDoc Stockholders' Representatives within such twenty (20) business day period. Unless ARC notifies the AmDoc Stockholders' Representatives within such twenty (20) business day period that it objects to the AmDoc Claim, the AmDoc Claim shall be binding upon ARC and the holders of the AmDoc Shares and shall be deemed finally de...
Sample 1
Adjustment for losses. For the purpose of the Balancing and Settlement Code, the Allocation Platform will send to the SAA (as defined in that Code) a program called BM Unit Metered Volume expressed in kWh at Sellindge in half-hourly points and calculated by this formula: a. for a BM Unit in the direction from France to England: b. for a BM Unit in the direction from England to France: BMUMV = (1+LF) * DMV. For the purpose of the RTE Settlement Arrangements and for an export from France to England, the Allocation Platform will send to RTE (in its capacity as Transmission System Operator) a program called “Programme d'Export à Mandarins” expressed in kWh at Les Mandarins in half-hourly points and calculated by this formula: PEM = (1+LF) * DMV For the purpose of the RTE Settlement Arrangements and for an import from England to France, the Allocation Platform will send to RTE a program called “Programme d'Import à Mandarins” expressed in kWh at Les Mandarins in half-hourly points and calculated by this formula: PIM = (1-LF)*DMV. In the above paragraphs, “DMV” means the Deemed Metered Volume calculated for that Registered Participant for that Settlement Period under section 2 above.
Sample 1
Adjustment for losses. For the purposes of the Balancing and Settlement Code (“BSC”), the Nomination Platform will send to the Settlement Administration Agent (as defined in the BSC) a program called BM Unit Metered Volume (“BMUMV”) expressed in kWh at the relevant GB onshore grid connection point in half-hourly points and calculated by this formula: a. for a BM Unit in the direction from Denmark to England: b. for a BM Unit in the direction from England to Denmark:
Sample 1

Related to Adjustment for losses

  • Adjustment for Tax Purposes The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

  • Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.

  • Determination of Adjustments If any questions will at any time arise with respect to the Exercise Price or any adjustment provided for in Section 4.8, such questions will be conclusively determined by the Company’s Auditors, or, if they decline to so act any other firm of certified public accountants in the United States of America that the Company may designate and who will have access to all appropriate records and such determination will be binding upon the Company and the Holders of the Warrants.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Calculation of Adjustments All adjustments to the Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock (or if there is not a nearest 1/10,000th of a share to the next lower 1/10,000th of a share). No adjustment in the Settlement Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, that any adjustments which by reason of this subparagraph are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If an adjustment is made to the Settlement Rate pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a), an adjustment shall also be made to the Applicable Market Value solely to determine which of clauses (i), (ii) or (iii) of the definition of Settlement Rate in Section 5.1(a) will apply on the Stock Purchase Date. Such adjustment shall be made by multiplying the Applicable Market Value by a fraction, the numerator of which shall be the Settlement Rate immediately after such adjustment pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a) and the denominator of which shall be the Settlement Rate immediately before such adjustment; provided, that if such adjustment to the Settlement Rate is required to be made pursuant to the occurrence of any of the events contemplated by paragraph (1), (2), (3), (4), (5), (7) or (10) of this Section 5.6(a) during the period taken into consideration for determining the Applicable Market Value, appropriate and customary adjustments shall be made to the Settlement Rate.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • Adjustment for Certain Events The number and kind of securities purchasable upon the exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time upon the occurrence of certain events, as follows:

  • Adjustment for Spin Off If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then (A) the Company shall cause (i) to be reserved Spin Off Securities equal to the number thereof which would have been issued to the Holder had all of the Holder's unexercised Warrants outstanding on the record date (the "Record Date") for determining the amount and number of Spin Off Securities to be issued to security holders of the Company (the "Outstanding Warrants") been exercised as of the close of business on the trading day immediately before the Record Date (the "Reserved Spin Off Shares"), and (ii) to be issued to the Holder on the exercise of all or any of the Outstanding Warrants, such amount of the Reserved Spin Off Shares equal to (x) the Reserved Spin Off Shares multiplied by (y) a fraction, of which (I) the numerator is the amount of the Outstanding Warrants then being exercised, and (II) the denominator is the amount of the Outstanding Warrants; and (B) the Exercise Price on the Outstanding Warrants shall be adjusted immediately after consummation of the Spin Off by multiplying the Exercise Price by a fraction (if, but only if, such fraction is less than 1.0), the numerator of which is the average Closing Bid Price of the Common Stock for the five (5) trading days immediately following the fifth trading day after the Record Date, and the denominator of which is the average Closing Bid Price of the Common Stock on the five (5) trading days immediately preceding the Record Date; and such adjusted Exercise Price shall be deemed to be the Exercise Price with respect to the Outstanding Warrants after the Record Date.

  • No Adjustment for Dividends Except as provided in Section 4.1, no adjustment in respect of any dividends or distributions out of earnings shall be made during the term of the Warrants or upon the exercise of the Warrants.

  • Tax Adjustment Tenant shall pay, as Additional Charges, an amount (hereinafter referred to as the “Tax Adjustment Amount”) equal to Tenant’s Expense Share of the amount of Taxes incurred with respect to each Lease Year; except that Tenant shall be required to pay only a pro rata amount of the Tax Adjustment Amount for the Lease Years in which the first and last days of the Term occur pro rated on a per diem basis. Tenant shall not, however, have any right to audit Landlord’s books and records pertaining to Taxes. The Tax Adjustment Amount with respect to each Lease Year shall be paid in monthly installments in advance on the first day of each and every calendar month during such Lease Year, commencing on the Commencement Date, in an amount estimated from time to time by Landlord and communicated by written notice to Tenant. Following receipt of actual tax bills, Landlord shall deliver to Tenant a statement setting forth (i) the actual Tax Adjustment Amount for such Lease Year; (ii) the total of the estimated monthly installments of the Tax Adjustment Amount paid to Landlord for such Lease Year; and (iii) the amount of any excess or deficiency with respect to such Lease Year. Tenant shall pay any deficiency to Landlord as shown by such statement within 30 days after receipt of such statement. If the total of the estimated monthly installments paid by Tenant during any Lease Year exceeds the actual Tax Adjustment Amount due from Tenant for such Lease Year, at Landlord’s option such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Tenant is not then in default hereunder.

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