Annual Calculation. At the end of the 4th calendar quarter of each Year during the Term, and within thirty (30) days after BAC has provided all Required Reports for such Year, MasterCard shall make the appropriate calculation and **** as follows:
1. The **** will be used with Table 2 to determine the corresponding ****, as well as **** and the ****, for that Year.
2. The “****” is calculated as follows: **** Then, the “****” is calculated as follows: ****. See Annex A for examples of this calculation.
Annual Calculation. Within 30 days of the end of the fiscal ------------------ year of Source, Source shall submit to WAL a statement setting forth the actual fees (the "Actual Rental") for the Sublet Facility, calculated as the product of (i) the total rental obligations and Expenses of Source for the Phoenix Facility and (ii) (A) the actual square footage comprising the Sublet Facility (as adjusted if necessary pursuant to Section 1.01(b)) divided by (B) the total square footage of the Phoenix Facility. In the event the Actual Rental exceeds the aggregate Monthly Rental and Expenses payments received by Source from WAL in respect of the fiscal year, WAL shall remit to Source, within 30 days of receipt of the statement, the difference between said amounts. In the event the Actual Rental is less than the aggregate Monthly Rental and Expenses payments received by Source from WAL in respect of the fiscal year, Source shall have no obligation to refund, rebate, credit or offset such amounts for the benefit of WAL, provided, however, that in the event the Actual Rental is less than the -------- ------- aggregate Monthly Rental and Expenses payments received by Source from WAL in respect of the fiscal year as a result of the square footage comprising the Sublet Facility having been reduced at Source's request, Source shall credit (or, in the case of the last year of this Agreement, refund) WAL with the difference.
Annual Calculation. Prior to December 31st of each calendar year in which this Agreement is in effect, PartnerRe Europe shall calculate its surplus levels as regards policy holders (the “Annual Calculation”). In the event that the Annual Calculation is less than 150% of the Solvency Margin, or the Statutory Capital of PartnerRe Europe is less than Euro 750 million, PartnerRe shall cause PartnerRe Europe to have sufficient funds to make whole any shortfall. PartnerRe or such designated subsidiary will make such Contribution within ninety (90) days after the determination that either the Annual Calculation is less than 150% of the Solvency Margin or the Statutory Capital is less than Euro 750 million and proper notice has been provided to PartnerRe.
Annual Calculation. The Organic Waste (“OW”) diversion rate 11 will be calculated on a calendar year basis beginning January 1, 2008, as the tons of 12 Organic Waste collected less the tons of Yard Trimmings Processing Residue divided by 13 the tons of Organic Waste collected in the applicable calendar year: OW Diversion Rate =
Annual Calculation. On or before March 1, 2007 and ------------------- March 1, 2008, Purchaser shall deliver to Seller a written calculation of Purchaser's determination of Revenue for calendar years 2006 and 2007, respectively. Seller shall have a period of ten (10) Business Days after receipt of Purchaser's calculation within which to object in writing to Purchaser with respect to the calculation so made, specifying in detail the basis of any objection. The resolution of any dispute regarding the earn out payment shall be conducted in the same manner as is specified for the resolution of disputes in Section 3.2 hereof. If Seller shall fail to deliver a written objection notice to Purchaser within such ten (10) Business Day period then Purchaser's calculations respecting the earn out shall be deemed final and binding upon the parties without further recourse.
Annual Calculation. Prior to December 31st of each calendar year in which this Agreement is in effect, PRIIL shall calculate its surplus levels as regards policy holders (the “Annual Calculation”) and shall further calculate the solvency margin as required by the Irish Financial Services Regulatory Authority according to the rules set out by the European Communities (Non-Life Insurance) Framework Regulations, 1994 (S.I. No. 359 of 1994) (the “Solvency Margin”) In the event that the Annual Calculation is less than 200% of the Solvency Margin, PRE or one of its designated subsidiaries within the PartnerRe Group shall make a contribution (“Contribution”) to the Holding Company’s capital to the extent necessary to increase PRIIL’s surplus as provided in Article 1 herein. PRE or such designated subsidiary will make such Contribution within ninety (90) days after the determination that the Annual Calculation is less than 200% of the Solvency Margin and proper notice has been provided to PRE.
Annual Calculation. The YT diversion rate will be calculated on a calendar year basis 25 beginning January 1, 2011, as the tons of YT collected less the tons of YT 26 Processing Residue divided by the tons of YT collected in the applicable calendar 27 year:
Annual Calculation. At the end of the 4th calendar quarter of each Year during the Term, and within thirty (30) days after MBNA has provided all Required Reports for such Year, MasterCard shall make the appropriate calculation and **** as follows:
1. The **** will be used with Table 2 to determine the corresponding ****, as well as **** and the ****, for that Year.
2. The “****” is calculated as follows: ****
3. In the event that in any given Year of the Term the **** generated by MBNA equals or exceeds the **** but does not equal or exceed the relevant **** Target described in Section 3.1 below, then prior to performing the calculation pursuant to Section 2.1(B.) the **** and the **** with respect to such Year will be increased by a **** that is equivalent to**** the **** shortfall by which the **** generated by MBNA in such Year is below the applicable **** Target, calculated as follows: ****
4. In the event that in any quarter of any given Year of this Agreement the **** generated by MBNA does not meet or exceed the relevant Quarterly **** then the MBNA pricing will remain at MasterCard Standard Pricing as applicable under the Rules for the **** region and **** region, as applicable, and no **** will apply for that quarter. Additionally, in the event that the **** in any given Year does not meet or exceed the **** then MBNA pricing will remain at MasterCard Standard Pricing as applicable under the Rules for the **** region and **** region, as applicable, and no **** will apply in any such Year. If the **** is calculated and the result is a **** number that more than offsets the amount of the fourth quarter ****, if any, owed to MBNA, then MasterCard may only collect such unrecovered balance from future payments otherwise payable to MBNA under this Agreement, or from future MBNA MasterCard **** income.
Annual Calculation. Prior to December 31st of each calendar year in which this Agreement is in effect, the Subsidiary shall calculate the estimated Capital Margin to be maintained in accordance with the rules and procedures contained herein (hereinafter referred to as the “Annual Calculation”). In the event that the Annual Calculation is less than the required Capital Margin and after proper notification to the Superintendent of Insurance of the State of New York, PRE or one of its designated subsidiaries within the PartnerRe Group shall make a contribution (“Contribution”) to the Holding Company’s capital to the extent necessary to increase the Subsidiary’s surplus as regards policyholders to the Capital Margin as provided in Article 1 herein. PRE or such designated subsidiary will make such Contribution within ninety (90) days after the determination that the Annual Calculation is less than the required Capital Margin and proper notice has been provided to PRE.
Annual Calculation. The Aviation Department shall calculate the Landing Fee Rate to be effective October 1 based upon the annual budget for Port Authority Properties and estimates of Total Landed Weight. Prior to the adoption of this budget by the Board, the Aviation Department will meet with the Miami Airline Affairs Committee (the “MAAC”) or its designated representative to review the proposed budget, the estimates of landed weight, and the calculation of the Landing Fee Rate. The Aviation Department shall give fair and prudent consideration to additions, deletions, or modifications recommended by the MAAC, recognizing that the Board of County Commissioners has sole responsibility for final approval of the annual budget.
