Calculating Council’s Refund Share and MRF Operator’s Refund Share Sample Clauses

Calculating Council’s Refund Share and MRF Operator’s Refund Share. 4.3.1 For each Processing Refund relating to a Quarter during the Term, Council’s Refund Share is to be calculated as a monetary amount using the following formula: Where: (a) RP is the Relevant Proportion for that Quarter; (b) PR is the Processing Refund the MRF Operator received from the Scheme Coordinator for that Quarter; and (c) R% is the Refund %. 4.3.2 For each Processing Refund relating to a Quarter during the Term, the MRF Operator’s Refund Share is to be calculated as a monetary amount using the following formula: Where: (a) RP is the Relevant Proportion for that Quarter; (b) PR is the Processing Refund the MRF Operator received from the Scheme Coordinator for that Quarter; and (c) R% is the Refund %.
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