Calculation of Amount. The cash, Letter of Credit, or Equity approved Bond Insurance Program surety shall be equal to Contractual Fees for two (2) weeks (for Directors, Choreographers, Fight Directors and Intimacy Directors contracted on a per production basis the security required is the total Contractual Fee) plus an additional percentage equivalent to the percentage total of GST, HST, or QST dependent on the Theatre’s Point of Origin for each Artist engaged by the Theatre.
Calculation of Amount. For purposes of making calculations pursuant to this Section 5.02, the Administrative Agent shall be entitled to use the Dollar Equivalent of any such amounts stated in a currency other than Dollars.
Calculation of Amount. The required minimum distribution for a calendar year (“distribution calendar year”) equals the Participant’s Vested Account Balance as of the latest valuation date preceding the beginning of the distribution calendar year (such valuation date being within the “valuation calendar year”) divided by the Participant’s life expectancy or, if applicable, the joint and last survivor expectancy of the Participant and his/her designated Beneficiary (as determined under Article VIII, subject to the requirements of Code §401(a)(9)). The Plan Administrator will increase the Participant’s Vested Account Balance, as determined on the relevant valuation date, for contributions or forfeitures allocated after the valuation date and by December 31 of the valuation calendar year, and will decrease the valuation by distributions made after the valuation date and by December 31 of the valuation calendar year. For purposes of this valuation, any portion of the required minimum distribution for the first distribution calendar year made after the close of that year is a distribution occurring in that first distribution calendar year.
Calculation of Amount. In calculating the amount of the non-Federal commitment under paragraph (1) or (2), the Sec- retary shall include cash, personnel, services, equipment, and other resources.
Calculation of Amount. In the event that the parties hereto are unable to agree as to the amount of the Gross-Up Payment due to Employee pursuant to this Section 4, the parties hereto hereby agree that the amount of the Gross-Up Payment shall be determined by the independent accounting firm then serving as the Company's auditors at the Company's expense.
Calculation of Amount. In the event that the parties hereto are unable to agree as to the amount of the Gross-Up Payment due to Xx. Xxxxxxxx pursuant to this Section 3, the parties hereto hereby agree that the amount of the Gross-Up Payment shall be determined by the independent accounting firm then serving as the Company’s auditors at the Company’s expense.
Calculation of Amount. During each year of the Term of this Agreement, [********].
Calculation of Amount. The calculation of the grant amount was based on the higher of
(a) 1.75 times the average monthly payroll costs of the Business for the first quarter of 2020 or (b) 2 times fixed monthly costs of the Business (rent, lease or mortgage payments, real estate taxes, business personal property taxes and utilities). Under the Program Rules, the maximum grant amount that may be awarded is ten thousand and no/100 dollars ($10,000).
Calculation of Amount. Subject to the terms and conditions of this Agreement, and in reliance on the concurrent execution of the Loan Agreement and issuance of the Notes, the Company hereby agrees to pay to each of the Lenders, in cash, on a pro rata basis based on their proportionate share of the aggregate funded principal amount outstanding under the Notes (which shall only include the amounts actually funded by the Lenders to the Company and shall exclude, without limitation, any interest under the Notes, any interest paid in kind that might otherwise be deemed principal and any unpaid Participation Payments) (the “Aggregate Principal”), an amount equal to 1.5% of all Company revenue generated during each monthly period (each, a “Calculation Period”) per each $500,000 of Aggregate Principal outstanding, pro rated for any amount in excess of $500,000 then outstanding (the “Participation Payments”), by the 10th day of each month following a Calculation Period (each, a “Payment Date”). Company revenue shall be calculated consistently with the Company’s regularly prepared financial statements, and shall reflect all revenue calculated in accordance with generally accepted accounting principles, consistently applied.
Calculation of Amount. The amount of any loss subject to indemnification hereunder shall be calculated net of any amounts which have been previously recovered by the Indemnified Parties under insurance policies or other collateral sources, and the Indemnified Parties hereby covenant that they will not release any such collateral sources from any obligations they may have. In the event any such insurance proceeds or other payments are not received before any claim for indemnification is paid pursuant to this Agreement, then the Indemnified Parties shall have the right (but not the obligation) to exclusively pursue such collateral sources, provided they do so with reasonable diligence, and in the event they receive any recovery, then the amount of such recovery shall be applied first to reimburse the Indemnified Party for their out of pocket expenses expended in pursuing such recovery, second to refund any payment made which would not have been paid had such recovery from the collateral source been obtained prior to such payment, and third, any excess to the Indemnified Parties.
