Calculation of TOP Rebate Sample Clauses

Calculation of TOP Rebate. (a) Within 20 Business Days of the end of each Contract Year, ARTC will undertake an annual reconciliation of the Rebate owing to the Access Holder in respect of each Train Path in each Pricing Zone determined in accordance with the following formula (“Annual Reconciliation”): If APU < ACP Where: APU is the Actual Path Usages being, subject to clause 16.5, the total number of Path Usages in the Pricing Zone in respect of which the Operator actually operated a Service for the Access Holder on that Train Path in the previous Contract Year; ACP is the Annual Contracted Path Usages for that Train Path in the Pricing Zone specified in the Train Path Schedules; then the Access Holder is entitled to a Rebate equal to the lesser of the rebate applicable for the annual deficiency in contracted Path Usages for that Train Path in the Pricing Zone and the sum of the accrued system monthly rebates under Schedule 2 in respect of that Train Path in the Pricing Zone as determined in accordance with the following formulae:
Sample 1
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Calculation of TOP Rebate. (a) Within 20 Business Days of the end of each Contract Year, ARTC will undertake an annual reconciliation of the Rebate owing to the Access Holder for each Train Path in each Pricing Zone determined in accordance with the following formula (“Annual Reconciliation”): If APU < ACP Where: Deleted: 16.5 Deleted: 16.5 APU is the Actual Path Usages being, subject to clause 16.5, the total number of Path Usages in the Pricing Zone in respect of which the Operator actually operated a Service for the Access Holder on that Train Path in the previous Contract Year; ACP is the unconditional Annual Contracted Path Usages for that Train Path in the Pricing Zone specified in the Train Path Schedules;
Sample 1

Related to Calculation of TOP Rebate

  • 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.

  • CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT Subject to the provisions of Section 6.5, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula:

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  • Calculation of Time For the purposes of this Agreement, “days” refers to calendar days unless otherwise specified.

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • 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.

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