Auction Calculations Sample Clauses

Auction Calculations. After all Participating Funds have submitted their Order Flow Reports, ReFlow shall conduct the Auction. The Winning Fee Rate shall be the lowest fee rate bid at which the entire Final Auction Amount can be invested. If the Fund's Fee Bid is equal to or greater than the Winning Fee Rate, the Fund shall be a Winning Fund. If the Fund is a Winning Fund, ReFlow shall purchase an amount of Shares equal to the dollar amount of the Fund's bid if there is sufficient cash available from the Final Auction Amount after purchasing shares of other Winning Funds who submitted higher Fee Bids than the Fund. If there is insufficient cash in the Final Auction Amount to purchase an amount of Shares equal to the Fund's bid, ReFlow shall purchase an amount of Shares up to the amount of cash remaining in the Final Auction Amount, provided, however, that if the Fund submits the same Fee Bid as another Winning Fund(s), ReFlow shall purchase shares from the Fund and such other Winning Fund(s) on a pro rata basis.
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Auction Calculations. After all Participating Funds have submitted their Order Flow Reports, ReFlow shall conduct the Auction. The Winning Fee Rate shall be the lowest fee rate bid at which the entire Final Auction Amount can be invested. If the Fund’s Fee Bid is equal to or greater than the Winning Fee Rate, the Fund shall be a
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Related to Auction Calculations

  • Pro Forma Calculations For the purposes of calculating Annualized EBITDA of Borrower and its Restricted Subsidiaries, on a consolidated basis, for any period (a “Test Period”), (i) if at any time from the period commencing on the first day of such Test Period and ending on the last day of such Test Period (or, in the case of any pro forma calculation required to be made pursuant hereto in respect of the designation of a Restricted Subsidiary as an Unrestricted Subsidiary that is a Material Disposition or the designation of an Unrestricted Subsidiary as a Restricted Subsidiary that is a Material Acquisition, ending on the date such Material Disposition or Material Acquisition is consummated after giving effect thereto), Borrower or any Restricted Subsidiary shall have made any Material Disposition, the Annualized EBITDA for such Test Period shall be reduced by an amount equal to the Annualized EBITDA (if positive) for such Test Period attributable to the assets which are the subject of such Material Disposition or increased by an amount equal to the Annualized EBITDA (if negative) for such Test Period attributable to such assets; (ii) if during such Test Period Borrower or any Restricted Subsidiary shall have made a Material Acquisition, Annualized EBITDA of Borrower and its Restricted Subsidiaries, on a consolidated basis, for such Test Period shall be calculated after giving pro forma effect thereto (including the incurrence or assumption of any Indebtedness in connection therewith) as if such Material Acquisition (and the incurrence or assumption of any such Indebtedness) occurred on the first day of such Test Period; and (iii) if during such Test Period any Person that subsequently became a Restricted Subsidiary or was merged with or into Borrower or any Restricted Subsidiary since the beginning of such Test Period shall have entered into any Material Disposition or Material Acquisition that would have required an adjustment pursuant to clause (i) or (ii) above if made by Borrower or a Restricted Subsidiary during such Test Period, Annualized EBITDA of Borrower and its Restricted Subsidiaries, on a consolidated basis, for such Test Period shall be calculated after giving pro forma effect thereto as if such Material Disposition or Material Acquisition occurred on the first day of such Test Period. For the purposes of this section, whenever pro forma effect is to be given to a Material Disposition or Material Acquisition and the amount of income or earnings related thereto, the pro forma calculations shall be determined in good faith by a Responsible Officer of Borrower. Comparable adjustments shall be made in connection with any determination of Annualized EBITDA.

  • Interest Rates Payments and Calculations (a) Interest Rate. Except as set forth in Section 23(b), any Advances ------------- shall bear interest, on the average daily balance thereof, at a per annum rate equal to one (1.0%) percentage point above the Prime Rate.

  • Determination Date Calculations; Application of Available Funds (a) On each Determination Date, the Servicer shall calculate the following amounts:

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Certain Calculations Unless otherwise specified herein, the following provisions shall apply:

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