Apportionment Fraction Sample Clauses

Apportionment Fraction. (A) With respect to the Group B Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Group 6, Group 7 or Group 8 Certificates have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount of the Loan Group related to such Certificate Group, and the denominator of which is equal to the Aggregate Group B Subordinate Optimal Principal Amount, and (B) With respect to the Group B-I Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Group 1, Group 2, Group 3, Group 4 or Group 5 Certificates have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount of the Loan Group related to such Certificate Group, and the denominator of which is equal to the Aggregate Group B-I Subordinate Optimal Principal Amount.
Sample 1
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Apportionment Fraction. As to any Class of Subordinate Certificates and (i) any Distribution Date occurring prior to the Cross-Over Date and after the Principal Balance of each Class of Group 1A Certificates (other than the Class 1A-PO Certificates) has been reduced to zero, a fraction, the numerator of which is the Subordinate Pool 1 Optimal Principal Amount for such Class and the denominator of which is the applicable Subordinate Optimal Principal Amount without regard to the proviso thereto or (ii) any Distribution Date occurring prior to the Cross-Over Date and after the Principal Balance of each Class of Group 2A Certificates has been reduced to zero, a fraction, the numerator of which is the Subordinate Pool 2 Optimal Principal Amount for such Class and the denominator of which is the applicable Subordinate Optimal Principal Amount without regard to the proviso thereto.
Sample 1
Apportionment Fraction. (A) With respect to the Class HY-B-1, Class HY-B-2 and Class HY-B-3 Certificates, and in the event that the Certificate Principal Balances of the Senior Certificates of Certificate Group 3 or Certificate Group 4 have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount for the Group whose Senior Certificates have been reduced to zero and the denominator of which is equal to the sum of the Subordinate Optimal Principal Amounts with respect to both of such Groups and (B) with respect to the Class C-B-4, Class C-B-5 and Class C-B-6 Certificates, and in the event that the Certificate Principal Balances of the Senior Certificates of Certificate Group 2, Certificate Group 3 or Certificate Group 4 have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount for the Group whose Senior Certificates have been reduced to zero and the denominator of which is equal to the sum of the Subordinate Optimal Principal Amounts with respect to each of such Groups.
Sample 1
Apportionment Fraction. (A) With respect to the Group HY-B Subordinate Certificates, and in the event that the Certificate Principal Balances of the Group 3 Certificates or Group 4 Certificates have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount for the Group whose Senior Certificates have been reduced to zero and the denominator of which is equal to the sum of the Subordinate Optimal Principal Amounts with respect to both of such Groups and (B) with respect to the Group C-B Subordinate Certificates, and in the event that the Certificate Principal Balances of the Group 1 Certificates, Group 2 Certificates, Group 3 Certificates or Group 4 Certificates have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount for the Group whose Senior Certificates have been reduced to zero and the denominator of which is equal to the sum of the Subordinate Optimal Principal Amounts with respect to each of such Groups.
Sample 1

Related to Apportionment Fraction

  • Apportionment The Note Trustee shall be entitled in its absolute discretion to determine in respect of which Series of Current Issuer Notes any costs, charges, expenses or liabilities incurred under these presents have been incurred or to allocate such costs, charges, expenses or liabilities between two or more Series of Current Issuer Notes.

  • Apportionments The following shall be apportioned between the Seller and the Purchaser at the Closing as of 11:59 p.m. of the day preceding the Closing Date (the "Adjustment Date"):

  • Tax Adjustment During each Lease Year commencing with the Lease -------------- Year 1998, Tenant shall pay, as Additional Charges, an amount (hereinafter referred to as the "TAX ADJUSTMENT AMOUNT") equal to Tenant's Share of the excess of Taxes for each such Lease Year over the amount of Taxes for the Base Year; except that Tenant shall be required to pay only a pro rata amount of the Tax Adjustment Amount for the Lease Year in which the last days of the Term occur, pro rated on a per diem basis. 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 January 1, 1998, in an amount estimated from time to time by Landlord and communicated by written notice to Tenant. As soon as practicable following the close of the 1998 and subsequent Lease Years, and receipt of actual tax bills, Landlord shall deliver to Tenant a statement setting forth (a) the actual Tax Adjustment Amount for such Lease Year; (b) the total of the estimated monthly installments of the Tax Adjustment Amount paid to Landlord for such Lease Year; and (c) 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 thirty (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.

  • Apportionment of Tax Attributes (i) If the Parent Consolidated Group has a Tax Attribute, the portion, if any, of such Tax Attribute apportioned to SpinCo or any member of the SpinCo Consolidated Group and treated as a carryover to the first Post-Distribution Taxable Period of SpinCo (or such member) shall be determined by Parent in accordance with Treasury Regulation Sections 1.1502-21, 1.1502-21T, 1.1502-22, 1.1502-79 and, if applicable, 1.1502-79A.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Proportional Adjustment In the event the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCK") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

  • Determination of Consideration For purposes of this Section 3, the consideration received by the Company for the issue of any Additional Shares of Common Stock shall be computed as follows:

  • Apportionment of Taxes For purposes of this Agreement, all Taxes and Tax liabilities with respect to the income, property, employees or operations of the JVC, as the case may be, that relate to a taxable period that begins before and ends after the Closing Date (a “Straddle Period”) shall be apportioned between the period of the Straddle Period that extends before the Closing Date through the day before the Closing Date (the “Pre-Closing Straddle Period”) and the period of the Straddle Period that extends from the Closing Date to the end of the Straddle Period (the “Post-Closing Straddle Period”) in accordance with this Section 11.6. The portion of such Tax related to the Pre-Closing Straddle Period shall: (a) in the case of Taxes other than sales and use taxes, value-added taxes, employment and payroll taxes and any Tax based on or measured by income, receipts or profits earned during a Straddle Period, be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction, the numerator of which is the number of days in the Pre-Closing Straddle Period and the denominator of which is the number of days in the entire Straddle Period and (b) in the case of any sales or use taxes, value-added taxes, employment and payroll taxes and any Tax based on or measured by income, receipts or profits earned during a Straddle Period, be deemed equal to the amount which would be payable if the relevant taxable period or Tax year in which the income, receipts or profits were earned ended on and included the Closing Date. To the extent any income Tax is based on the greater of a Tax on net income, on the one hand, and a Tax measured by net worth or some other basis not otherwise measured by income, on the other, the portion of such Tax related to the Pre-Closing Straddle Period shall be deemed to be the greater of (i) the amount of such Tax measured by net worth or other basis determined as though the taxable values for the entire Straddle Period equal the respective values as of the end of the day on the Closing Date and multiplying the amount of such Tax by a fraction the numerator of which is the number of days during the Straddle Period that are in the Pre-Closing Straddle Period and denominator of which is the number of days in the Straddle Period or (ii) the amount of such Tax measured by net income determined as though the applicable Tax period terminated as of the end of the day on the Closing Date. The portion of Tax related to the Post-Closing Straddle Period shall be calculated in a corresponding manner.

  • ALLOCABLE INCOME To determine the amount of the corrective distribution required under this Section 14.09, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Advisory Committee will determine allocable income in the same manner as described in Section 14.08(F) for excess contributions.

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

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