Annual Calculation Sample Clauses
The Annual Calculation clause defines how certain financial or performance metrics are determined on a yearly basis within an agreement. Typically, this involves specifying the method, timing, and data sources used to calculate figures such as revenue, costs, or performance targets for each contract year. For example, it may require parties to review and reconcile relevant records at the end of each year to establish the amounts due or targets met. This clause ensures consistency and transparency in annual assessments, reducing disputes and providing a clear framework for ongoing obligations.
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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 PMSI, PMSI 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 PMSI for the 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 Facility. In the event the Actual Rental exceeds the aggregate Monthly Rental and Expenses payments received by PMSI from WAL in respect of the fiscal year, WAL shall remit to PMSI, 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 PMSI from WAL in respect of the fiscal year, PMSI 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 PMSI from WAL in respect of the fiscal year as a result of the square footage comprising the Sublet Facility having been reduced at PMSI's request, PMSI 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. On or before March 1, 2008, Purchaser shall deliver to Seller a written calculation of Purchaser’s determination of Revenue for calendar years 2006 and 2007. 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. 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. Notwithstanding the foregoing, the **** to be applied the **** Year of the **** Term shall be the **** that was applied to **** in the immediately preceding Year.
2. The “****” is calculated as follows: **** Then, the “****” is calculated as follows: **** ****. See Annex A for examples of this calculation.
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. 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. 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. 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.
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.