Calculation Basis Clause Samples
The Calculation Basis clause defines the specific method or formula used to determine amounts payable or receivable under a contract. It typically outlines the variables, rates, or indices to be used in calculations, such as interest rates, currency exchange rates, or pricing formulas, and may specify the timing and source of data for these calculations. By clearly establishing how financial or quantitative terms are computed, this clause ensures transparency and consistency, reducing the risk of disputes over payment amounts or contract performance.
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Calculation Basis. Interest due on the Loan shall be paid in arrears, calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.
Calculation Basis. All interest and fees under the Finance Documents (including, for the avoidance of doubt, the Commitment Fee and any fee payable under any Fee Letter, and excluding any “flat” fees) shall be calculated on the basis of the actual number of days elapsed over a year comprised of three hundred and sixty (360) days.
Calculation Basis. The Tariff charged to each Client is calculated so that the full costs from the Service Provider are recovered (including a return) on a non-discriminatory basis from all users of the DTT Multiplexing, Distribution and Transmission Broadcast Service in accordance with the requirements of ComReg Decision D11/13. Tariffs are derived from the Tariff Model constructed on the basis of assumptions as regards, without limitation, the overall costs of the Service Provider and/or the number, types and total average bit rate consumption per year of the Content Transport Streams. Using the Tariff Model, the calculation of the Tariff charged to a Client is based on:
(i) the relative consumption of the multiplexes’ bitrate by a Client's Content Transport Stream(s) (as compared to the Total Content Transport Stream(s));
(ii) a cost per kbps, derived from the actual and estimated number and type of Content Transport Streams using the multiplexes during the Term; and
(iii) The smoothing of the Tariff over a five year period from 1st April 2014 to 31st March 2019 (“the Smoothing Period”) on the basis of the level of new or enhanced Content Transport Streams that the Service Provider reasonably believes will be contracted for during the Smoothing Period, with the Tariff being smoothed over such period on a pro rata basis of such estimates.
Calculation Basis. Ameritech will pay commissions on a sale submitted by AD based upon;
a) The Product sold.
b) Whether the sale is deemed by Ameritech to be: (i) a New sale or an addition to an existing service; (ii) a Recast, Renewal or Renegotiation; (iii) a Migration or Upgrade;
c) Whether the AD is the sole sales entity or if sale is the result of an approved Partnering sale as provided for elsewhere in this Exhibit; and, dl The order(s) which are associated with the sale are Completed Orders.
Calculation Basis. Interest due on the Loan shall be paid for each Interest Accrual Period, calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.
Calculation Basis. If any Syndicate Member intends to submit any requirement in accordance with the Article 16.2, Article 16.3 and Article 16.4 hereof, it shall give notice to the Agent Bank specifying the specific basis for amount calculation. The Agent Bank shall give prompt notice to the Borrower immediately following receiving such notice.
Calculation Basis. Guarantee Commission for each Guarantee will be calculated on the basis of the actual number of days elapsed and a 360 day year.
Calculation Basis. Interest shall accrue from day to day, and be computed on the basis of a year of 360 days and for the actual number of days elapsed.
Calculation Basis. Interest due on the Loan shall be calculated (i) with respect to Note A and the Conversion Notes, based on a 360-day year paid in arrears and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated and (ii) with respect to Note B, for each Interest Accrual Period, calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.
Calculation Basis. Any member of bank consortium preparing to propose a calculation basis in accordance with Article 17.2 (Indemnity) and/or Article 17.3 (Monetary Indemnity) shall inform the Agent Bank and provide with detailed calculation basis; the Agent Bank shall inform the Borrower upon the receipt of such requirement.