Calculation of Carrying Costs Sample Clauses

Calculation of Carrying Costs. Carrying Costs shall be calculated as follows:
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Calculation of Carrying Costs. (i Carrying Cost Formulas. Carrying Costs accruing for any ---------------------- Construction Period shall equal the sum of two components, referred to herein as "Basic Carrying Costs" and "Supplemental Carrying Costs". Subject to the limitations set forth in subparagraph 6.(c), each of the components will be computed as follows:
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Calculation of Carrying Costs. Subject to the limitations set forth in subparagraph 6(c), Carrying Costs accruing for any Construction Period shall equal:
Sample 1
Calculation of Carrying Costs. Carrying Costs accruing for any Construction Period shall equal: o the sum on the first day of such Construction Period of (i) Stipulated Loss Value under (and as defined in) the Common Definitions and Provisions Agreement (Phase III - Improvements) and (ii) after the execution and effective date of the Other Lease Agreement and the Other Purchase Agreement, Stipulated Loss Value under (and as defined in) the Other Common Definitions and Provisions Agreement, times o the sum of (a) the Effective Rate with respect to such Construction Period, plus (b) the Unsecured Spread for such Construction Period, times o the number of days in the period from and including the preceding Advance Date to but not including the Advance Date upon which the period ends, divided by o three hundred sixty. Assume, only for the purpose of illustration: that the Collateral Percentage for a hypothetical Construction Period is zero percent (0%); that on the first day of such Construction Period Combined Stipulated Loss Value is $15,000,000; that the Effective Rate for the Construction Period is 6%; that the Unsecured Spread for such Construction Period is one hundred fifty basis points (150/100 of 1%); and that such Construction Period contains exactly thirty days. Under such assumptions, the Carrying Costs for the hypothetical Construction Period will equal: $15,000,000 x (6% + 1.50%) x 30/360 = $93,750 If the date that the Other Lease Agreement and the Other Purchase Agreement are executed and become effective falls within, but not on the first date of, a Construction Period, then Carrying Costs will accrue during such Construction Period on the Stipulated Loss Value under the Other Lease Agreement, but such accrual will not commence until the date upon which the Other Lease Agreement and Other Purchase Agreement are executed and become effective. (Prior to that date, interest under the Agreement to Lease will continue to accrue.)
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Calculation of Carrying Costs. Carrying Costs accruing for any Construction Period shall equal: - the sum on the first day of such Construction Period of (i) Stipulated Loss Value under (and as defined in) the Common Definitions and Provisions Agreement (Phase II - Improvements) and (ii) Stipulated Loss Value under (and as defined in) the Other Common Definitions and Provisions Agreement, times - the sum of (a) the Effective Rate with respect to such Construction Period, plus (b) the Unsecured Spread for such Construction Period, times - the number of days in the period from and including the preceding Advance Date to but not including the Advance Date upon which the period ends, divided by - three hundred sixty. Assume, only for the purpose of illustration: that the Collateral Percentage for a hypothetical Construction Period is zero percent (0%); that on the first day of such Construction Period Combined Stipulated Loss Value is $15,000,000; that the Effective Rate for the Construction Period is 6%; that the Unsecured Spread for such Construction Period is one hundred fifty basis points (150/100 of 1%); and that such Construction Period contains exactly thirty days. Under such assumptions, the Carrying Costs for the hypothetical Construction Period will equal: $15,000,000 x (6% + 1.50%) x 30/360 = $93,750
Sample 1
Calculation of Carrying Costs. Carrying Costs shall accrue for each Construction Period and shall equal: - Stipulated Loss Value on the first day of such Construction Period, times - the sum of (a) the Effective Rate with respect to such Construction Period, plus (b) the Spread for such Construction Period, times - the number of days in the period from and including the preceding Advance Date to but not including the Advance Date upon which the period ends, divided by - three hundred sixty. Assume, only for the purpose of illustration: that on the first day of such Construction Period Stipulated Loss Value is $15,000,000; that the Effective Rate for the Construction Period is 6%; that the Spread for such Construction Period is thirty-two and one-half basis points (32.5/100 of 1%); and that such Construction Period contains exactly thirty days. Under such assumptions, the Carrying Costs for the hypothetical Construction Period will equal: $15,000,000 x (6% + .325%) x 30/360 = $79,062.50
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Related to Calculation of Carrying Costs

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Basic Carrying Costs Borrower shall have paid all Basic Carrying Costs relating to the Property which are in arrears, including without limitation, (a) accrued but unpaid insurance premiums relating to the Property, (b) currently due and payable Taxes (including any in arrears) relating to the Property, and (c) currently due Other Charges relating to the Property, which amounts shall be funded with proceeds of the Loan.

  • Calculation of Amounts Binding Effect of Interpretations and Actions of Master Servicer...............................

  • Computation of Amounts For purposes of computing the amount of any item of income, gain, loss, deduction or expense to be reflected in Capital Accounts, the determination, recognition and classification of each such item shall be the same as its determination, recognition and classification for federal income tax purposes; provided that:

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Calculation of Adjustments All adjustments to the Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock (or if there is not a nearest 1/10,000th of a share to the next lower 1/10,000th of a share). No adjustment in the Settlement Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, that any adjustments which by reason of this subparagraph are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If an adjustment is made to the Settlement Rate pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a), an adjustment shall also be made to the Applicable Market Value solely to determine which of clauses (i), (ii) or (iii) of the definition of Settlement Rate in Section 5.1(a) will apply on the Stock Purchase Date. Such adjustment shall be made by multiplying the Applicable Market Value by a fraction, the numerator of which shall be the Settlement Rate immediately after such adjustment pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a) and the denominator of which shall be the Settlement Rate immediately before such adjustment; provided, that if such adjustment to the Settlement Rate is required to be made pursuant to the occurrence of any of the events contemplated by paragraph (1), (2), (3), (4), (5), (7) or (10) of this Section 5.6(a) during the period taken into consideration for determining the Applicable Market Value, appropriate and customary adjustments shall be made to the Settlement Rate.

  • Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement Except as otherwise expressly provided in this Agreement, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to clauses (ii), (iii) and (xii) of subsection 6.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in subsection 6.1(v)). Calculations in connection with the definitions, covenants and other provisions of this Agreement shall utilize GAAP as in effect on the date of determination, applied in a manner consistent with that used in preparing the financial statements referred to in subsection 5.3. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and Company, Administrative Agent or Requisite Lenders shall so request, Administrative Agent, Lenders and Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of Requisite Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Company shall provide to Administrative Agent and Lenders reconciliation statements provided for in subsection 6.1(v).

  • Determination of Amounts Whenever a Priority Debt Representative shall be required, in connection with the exercise of its rights or the performance of its obligations hereunder, to determine the existence or amount of any First-Out Obligations (or the existence of any commitment to extend credit that would constitute First-Out Obligations), or Second-Out Obligations, or the existence of any Lien securing any such obligations, or the Shared Collateral subject to any such Lien, it may request that such information be furnished to it in writing by the other Priority Debt Representative and shall be entitled to make such determination on the basis of the information so furnished; provided, however, that if a Priority Debt Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Priority Debt Representative shall be entitled to make any such determination by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of the Borrower. Each Priority Debt Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to the Borrower or any of their subsidiaries, any Priority Secured Party or any other Person as a result of such determination.

  • Calculations Respecting Accrued Interest Accrued interest on any Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months and Pass-Through Rates shall be carried out to eight decimal places, rounded if necessary. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx.

  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

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