Common use of Basis of calculations Clause in Contracts

Basis of calculations. 24.2.1 All the terms defined in Clause 1.2 (Financial definitions) are to be determined on a consolidated basis and (except as may be expressly included or excluded in the relevant definition, or as stated below) in accordance with IFRS. 24.2.2 The financial undertakings in Clause 24.1.1 (unless expressly otherwise stated) shall apply as of the last day of each Measurement Period and compliance (or otherwise) shall be verified by reference to the consolidated financial statements or management accounts of the Group (as applicable) for the relevant Measurement Periods and Compliance Certificates delivered pursuant to Clause 23 (Information Undertakings). 24.2.3 No item shall be deducted or credited more than once in any calculation.

Basis of calculations. 24.2.1 21.2.1 All the terms defined in Clause 1.2 (Financial definitions) are to be determined on a consolidated basis and (except as may be expressly included or excluded in the relevant definition, or as stated below) in accordance with IFRS. 24.2.2 21.2.2 The financial undertakings in Clause 24.1.1 21.1.1 (unless expressly otherwise stated) shall apply as of the last day of each Measurement Period and compliance (or otherwise) shall be verified by reference to the consolidated financial statements or management accounts of the Group (as applicable) for the relevant Measurement Periods and Compliance Certificates delivered pursuant to Clause 23 20 (Information Undertakings). 24.2.3 21.2.3 No item shall be deducted or credited more than once in any calculation.

Basis of calculations. 24.2.1 21.2.1 All the terms defined in Clause 1.2 (Financial definitions) are to be determined on a consolidated basis and (except as may be expressly included or excluded in the relevant definition, or as stated below) in accordance with IFRS. 24.2.2 21.2.2 The financial undertakings in Clause 24.1.1 21.1.1 (unless expressly otherwise stated) shall apply as of the last day of each Measurement Period and compliance (or otherwise) shall be verified by reference to the consolidated financial statements or management accounts of the Net1 Group (as applicable) for the relevant Measurement Periods and Compliance Certificates delivered pursuant to Clause 23 20 (Information Undertakings). 24.2.3 21.2.3 No item shall be deducted or credited more than once in any calculation.