Calculation and Allocations of Minimum Periodic Payment Sample Clauses

Calculation and Allocations of Minimum Periodic Payment. The Minimum Periodic Payment in respect of each Originated Financing Contract, IKON Originated Financing Contract, SLG Financing Contract or Program Stream Financing Agreement that, in each case, constitutes a Bundled Financing Contract shall, for the purposes of the Program, be allocated as among the Lease Payment (with respect to any such Originated Financing Contract, IKON Originated Financing Contract or SLG Financing Contract) or the Program Stream Financing Payment (with respect to any Program Stream Financing Agreement), the Base Equipment Service Payment, (unless such Originated Financing Contract, IKON Originated Financing Contract, SLG Financing Contract or Program Stream Financing Agreement provides for such reimbursement to be separately billed to the Obligor) the Uplift Payment (which Uplift Payment (calculated on a monthly basis) shall be deemed to be an amount equal to the product of (x) the Uplift Allocation Percentage multiplied by (y) a fraction, the numerator of which is the Original Equipment Cost of the Equipment subject or related to such Program Financing Contract or Program Stream Financing and the denominator of which is 12), and (unless such Originated Financing Contract, IKON Originated Financing Contract, SLG Financing Contract or Program Stream Financing Agreement provides for such reimbursement to be separately billed to the Obligor) the Sales Tax Payment (which Sales Tax Payment shall be deemed to be an amount equal to the result of (x) the sum of (i) the product of (A) the Original Equipment Cost of the Equipment subject or related to such Program Financing Contract or Program Stream Financing (as applicable) multiplied by (B) the sales tax rate applicable to the Lease Payment or Program Stream Financing Payment (at the inception date of such Program Financing Contract or Program Financing Stream) plus (ii) the product of (A) the Original Equipment Cost of the Equipment subject or related to such Program Financing Contract or Program Stream Financing (as applicable) multiplied by (B) the sales tax rate applicable to the Base Equipment Service Payment (at the inception date of such Program Financing Contract or Program Financing Stream) divided by (y) the number of months of the original term of such Program Financing Contract or Program Stream Financing), each in the manner set forth in Exhibit F (the "Allocation Policy"). For each proposed Originated Financing Contract, IKON Originated Financing Contract, SLG Financing Cont...
Sample 1
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Calculation and Allocations of Minimum Periodic Payment. (a) The Minimum Periodic Payment in respect of each Originated Financing Contract that constitutes a Bundled Financing Contract would, for the purposes of the Program, be allocated as among the “Lease Payment” (i.e., that portion of the Minimum Periodic Payment deemed, as between GE and IKON, to be allocable to Equipment rental or lease), the “Base Equipment Service Payment” (i.e., that portion of the Minimum Periodic Payment deemed, as between GE and IKON, to be allocable to IKON’s Equipment Service Obligations) and (unless the Originated Financing Contract provides for such reimbursement to be separately billed to the Obligor) the Uplift Payment (i.e., personal property tax reimbursement payment), each in the manner set forth in Exhibit J (the “Allocation Policy”). For each proposed Originated Financing Contract in respect of which an Application has been submitted to GE for approval for funding under the Program, IKON will deliver to GE a completed worksheet, in the form attached as Exhibit D, via the CLAS system or otherwise, setting forth each of the applicable components of the Minimum Periodic Payment thereunder as contemplated by Section 3.05(b)(ii). The IKON National Service Price List, the IKON National FM Price List and the IKON National Equipment Price List, each as in effect on the date hereof, have previously been delivered to GE. From and after the date hereof, IKON will provide GE with copies (whether in writing or via electronic transmission) of any and all amendments, modifications or supplements to the IKON National Equipment Price List, the IKON National Service Price List and the IKON National FM Price List no later than the earlier to occur of (x) the date that IKON distributes any such amendments, modifications or supplements to its sales force and (y) the effective date of any such amendments, modifications or supplements.
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Related to Calculation and Allocations of Minimum Periodic Payment

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Collections and Allocations (a) The Borrower or the Servicer on behalf of the Borrower shall promptly (but in no event later than two (2) Business Days after the receipt thereof) identify any Collections received by it as being on account of Interest Collections or Principal Collections and deposit all such Interest Collections or Principal Collections received directly by it into the Collection Account. The Servicer on behalf of the Borrower shall make such deposits or payments on the date indicated by wire transfer, in immediately available funds.

  • Allocations of Income and Loss For each taxable year, each holder of Preferred Units will be allocated a portion of the Net Income and Net Loss of the Partnership equal to the portion of the Net Income and Net Loss of the Partnership that would be allocated to such holder pursuant to Article 6 of the Agreement if such holder held a number of Partnership Common Units equal to (i) the number of Preferred Units held by such holder, multiplied by (ii) 0.625. Upon liquidation, dissolution or winding up of the Partnership, the Partnership shall endeavor to allocate income and gain to the holders of the Preferred Units such that the Capital Accounts related to the Preferred Units are equal to their Liquidation Preference.

  • Adjustments to Capital Accounts At the end of each Fiscal Period, the Capital Accounts of the Partners shall be adjusted in the following manner:

  • Account Allocations In the event that any Transferor is unable for any reason to transfer Receivables to the Trust in accordance with the provisions of this Agreement, including by reason of the application of the provisions of Section 4.1 or any order of any Governmental Authority (a “Transfer Restriction Event”), then, in any such event, (a) such Transferor agrees (except as prohibited by any such order) to allocate and pay to the Trust, after the date of such inability, all Collections, including Collections of Receivables transferred to the Trust prior to the occurrence of such event, and all amounts which would have constituted Collections with respect to Receivables but for such Transferor’s inability to transfer Receivables (up to an aggregate amount equal to the amount of Receivables included as part of the Trust Assets on such date transferred to the Trust by such Transferor), (b) such Transferor and the Servicer agree that such amounts will be applied as Collections in accordance with the terms of the Servicing Agreement, the Indenture and each Indenture Supplement and (c) for so long as the allocation and application of all Collections and all amounts that would have constituted Collections are made in accordance with clauses (a) and (b) above, Receivables (and all amounts which would have constituted Receivables but for such Transferor’s inability to transfer Receivables to the Trust) which are written off as uncollectible in accordance with the Servicing Agreement shall continue to be allocated in accordance with the terms of this Agreement, the Servicing Agreement, the Indenture and each Indenture Supplement. For the purpose of the immediately preceding sentence, such Transferor and the Servicer shall treat the first received Collections with respect to the Accounts as allocable to the Trust until the Trust shall have been allocated and paid Collections in an amount equal to the aggregate amount of Receivables included in the Trust as of the date of the occurrence of such event. If such Transferor and the Servicer are unable pursuant to any Requirements of Law to allocate Collections as described above, such Transferor and the Servicer agree that, after the occurrence of such event, payments on each Account with respect to the principal balance of such Account shall be allocated first to the oldest principal balance of such Account and shall have such payments applied as Collections in accordance with the terms of this Agreement, the Servicing Agreement, the Indenture and each Indenture Supplement.

  • Distributions and Allocations All distributions of cash or other property (except upon the Company's dissolution, which shall be governed by the applicable provisions of the Act and Article IX hereof) and all allocations of income, profits, and loss shall be made 100% to the Member in accordance with its Membership Interest. All amounts withheld pursuant to the Code or any provisions of state or local tax law with respect to any payment or distribution to the Member from the Company shall be treated as amounts distributed to the Member pursuant to this Section 7.3. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.

  • Capital Accounts and Allocations (a) CAPITAL ACCOUNTS. A separate capital account (a "Capital Account") shall be established and maintained for each Member, which shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto. Such Capital Accounts shall be maintained in accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations, and this Section 5.2 shall be interpreted and applied in a manner consistent with said Section of the Treasury Regulations. The Capital Accounts shall be maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members in liquidation or otherwise. The amount of all distributions to Members shall be determined pursuant to Sections 5.3, 5.4 and 5.5.

  • Allocations of Profits and Losses Except as otherwise provided in this Agreement, Profits and Losses (and, to the extent necessary, individual items of income, gain or loss or deduction of the Partnership) shall be allocated in a manner such that the Capital Account of each Partner after giving effect to the Special Allocations set forth in Section 5.05 is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made pursuant to Article IV if the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Partnership liabilities were satisfied (limited with respect to each non-recourse liability to the Carrying Value of the assets securing such liability) and the net assets of the Partnership were distributed to the Partners pursuant to this Agreement, minus (ii) such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit. Notwithstanding the foregoing, the General Partner shall make such adjustments to Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a partner’s interest in the Partnership.

  • Allocations of Profit and Loss Whenever a proportionate part of the Company’s Profit and Loss is allocated to the Member, every item of income, gain, loss, deduction and credit entering into the computation of such Profit or Loss applicable to the period during which such Profit or Loss was realized shall be allocated to the Member.

  • Distributions and Adjustments (a) If any Shares vest subsequent to any change in the number or character of the Common Stock of the Company without additional consideration paid to the Company (through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares or otherwise), you shall then receive upon such vesting the number and type of securities or other consideration which you would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Stock.

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