Calculation of due amounts. 1. Registered Participants shall pay for each of the Daily Transmission Rights allocated to them and for individual hour an amount equal to:
Calculation of due amounts Sample Clauses
Related to Calculation of due amounts
Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:
Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.
Deduction of Dues An employee, who is or who may become a member of the Union, may execute a written authorization providing that a portion of his wages representing monthly dues be withheld weekly and forwarded to the Union. Upon receiving a properly executed Authorization Form from an employee, the Commission or appropriate designee shall notify the Chief Financial officer or appropriate designee to deduct from wages due, the amount authorized. Each month, a check for the amount of all dues deducted, along with a current list of members from whose wages dues deductions have been made, shall be transmitted to the Secretary/Treasurer of the Union as follows: New England P.B.A. Corporate Office, 000 Xxxxxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxxxxx 00000. The deduction shall be only in the amount certified in writing by the President or the Secretary/Treasurer of the Union, as representing monthly dues uniformly required as a condition of acquiring or retaining membership. An employee who executes such authorization form shall continue to have such deductions made from his wages during the term of the Agreement or until he notifies the Commission or designee in writing, with a copy to the Union, that the Authorization Form is being revoked, and the employee thus withdraws the authority for the deduction of dues. Dues deductions shall be made without cost to the employee or the Union. Dues deductions shall be subordinate to deductions required by law. No deductions shall be made if an employee has insufficient wages in any pay period. Neither the Commission nor the City of Nashua shall be responsible for deducting any arrearage in dues owed to the Union by a member. Deductions shall automatically terminate upon the occurrence of any of the following events:
