Calculation of Revenue Requirement Sample Clauses

Calculation of Revenue Requirement. The Revenue Requirement for the Northern Pass Transmission Line and AC Upgrades will equal the sum of the following Owner components: (A) Return on Equity (B) Return on Long-term Debt (C) Federal Income Taxes associated with Return on Equity (D) State Income Taxes associated with Return on Equity (E) Depreciation Expense (F) Amortization of Investment Tax Credits (G) Municipal Tax Expense (H) Payroll Tax Expense (I) Operation and Maintenance Expense (J) Transmission Administrative and General Expense
Sample 1
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Calculation of Revenue Requirement. The Revenue Requirement for the Northern Pass Transmission Line and AC Upgrades will equal the sum of the following Owner components: (A) Return on Equity (B) Return on Long-term Debt (C) Federal Income Taxes associated with Return on Equity (D) State Income Taxes associated with Return on Equity (E) Depreciation Expense (F) Amortization of Investment Tax Credits (G) Municipal Tax Expense (H) Payroll Tax Expense (I) Operation and Maintenance Expense (J) Transmission Administrative and General Expense (K) Taxes and Fees Charge (L) Right-of-Way (Rental) Expense (M) Scheduling, System Control and Dispatch Service Expense (N) Amortization of Regulatory Asset – Pre-COD Expenses (O) Levelized Annual Decommissioning Payment (P) Transmission Support Expense (Q) Miscellaneous Revenues (such as Rents Received from Electric Property) A. Return on Equity will equal the product of the Transmission Investment Base (“Rate Base”) (as determined under Section III.A.1. below) and the Weighted Cost of Equity (as determined under Section III.A.2. below).
Sample 1
Calculation of Revenue Requirement. The Revenue Requirement for the Northern Pass Transmission Line and AC Upgrades will equal the sum of the following Owner components: (A) Return on Equity (B) Return on Long-term Debt (C) Federal Income Taxes associated with Return on Equity (D) State Income Taxes associated with Return on Equity (E) Depreciation Expense (F) Amortization of Investment Tax Credits (G) Municipal Tax Expense (H) Payroll Tax Expense 1014917.31-D.C. Server 1A - MSW (I) Operation and Maintenance Expense (J) Transmission Administrative and General Expense
Sample 1

Related to Calculation of Revenue Requirement

  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • W-9 Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a properly completed Internal Revenue Service (“IRS”) Form W-9. The purpose of the W-9 form is to document the SS# or FEIN# per the IRS. Note: W-9s submitted for any other entity name other than the Grantee’s will not be accepted.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Financial Covenant Required Actual Complies Maintain as indicated:

  • Calculation of Rent All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

  • 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.

  • Determination of Net Asset Value The net asset value per share of each class and each series of Shares of the Trust shall be determined in accordance with the 1940 Act and any related procedures adopted by the Trustees from time to time. Determinations made under and pursuant to this Section 2 in good faith and in accordance with the provisions of the 1940 Act shall be binding on all parties concerned.

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2016-4) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes. (b) On any date, the Issuer may, at the direction of the Beneficiary, replace all or a portion of the Required Subordinated Amount of Class B Notes, the Required Subordinated Amount of Class C Notes or the Required Subordinated Amount of Class D Notes, in each case for the Class A(2016-4) Notes with a different form of credit enhancement (including, without limitation, a cash collateral account, a letter of credit, a reserve account, a surety bond, an insurance policy or a collateral interest, or any combination thereof) and may add such definitions and other terms and make such additional amendments to this Terms Document as shall be necessary for such replacement without the consent of any Noteholders, provided that the Issuer has received written confirmation from each applicable Note Rating Agency that such replacement and such other amendments will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

  • Termination of Requirement Cash Collateral (or the appropriate portion thereof) provided to reduce Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.19 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender) or (ii) the determination by Administrative Agent and the Issuing Banks that there exists excess Cash Collateral; provided that, subject to the other provisions of this Section 2.19, the Person providing Cash Collateral and each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure; provided, further, that to the extent that such Cash Collateral was provided by Borrower, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents.

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