Computation & Amount Sample Clauses

Computation & Amount. Administrator & PG Not Required To Disclose Calculation Method or to Prove Purpose of PG Achieved by Calculation Method The PGMF charged to each Member shall vary from Member to Member and shall bear no relation to the insurance exposures or operations of the Member. The amount of the PGMF charged shall be within the sole discretion of the Administrator and PG; it shall be based upon, but not limited to, such criteria as the complexity of admitting the Member to the purchasing group, the Member’s finances and/or capability to pay, and the expected future service needs of the Member. However, the Administrator and PG may utilize, not utilize, change, or amend the criteria used to determine PGMFs at any time without prior approval of the Members. Further, the Administrator and PG may charge each Member a PGMF in an arbitrary, capricious, and/or discriminatory manner. The Administrator and PG shall not be required to disclose the method by which they computed a given Member’s PGMF or to prove that the method by which they computed a given Member’s PGMF has achieved the purposes of PG. On average, the PGMF constitutes approximately 10% - 35% of the combined quote for insurance and membership that Applicant is provided by its Retail Broker (the PGMF varies from Insurance Program to Insurance Program and from Selected Carrier to Selected Carrier). However, as the PGMF varies from Member to Member, the PGMF charged a particular Member may either exceed or be less than the average.
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Computation & Amount. Administrator & PG Not Required To Disclose Calculation Method or to Prove Purpose of PG Achieved by Calculation Method The PGMF charged to each Member shall vary from Member to Member and shall bear no relation to the insurance exposures or operations of the Member. The amount of the PGMF charged shall be within the sole discretion of the Administrator and PG; it shall be based upon, but not limited to, such criteria as the complexity of admitting the Member to the purchasing group, the Member’s finances and/or capability to pay, and the expected future service needs of the Member. However, the Administrator and PG may utilize, not utilize, change, or amend the criteria used to determine PGMFs at any time without prior approval of the Members. Further, the Administrator and PG may charge each Member a PGMF in an arbitrary, capricious, and/or discriminatory manner. The Administrator and PG shall not be required to disclose the method by which they computed a given Member’s PGMF or to prove that the method by which they computed a given Member’s PGMF has achieved the purposes of PG. On average, the PGMF constitutes approximately 10% - 50% of the combined quote for insurance and membership that Applicant is provided by its Retail Broker (the PGMF varies from Insurance Program to Insurance Program and from Selected Carrier to Selected Carrier). However, as the PGMF varies from Member to Member, the PGMF charged a particular Member may either exceed or be less than the average. If a Member is covered under an MP, a policy, or an EOI, and PG is responsible for a deductible, and depending on the size of said deductible, Members which present larger-than- average risk of loss to carriers will likely, though not always, be assessed PGMFs closer to 50% of the combined quote for insurance and membership that Applicant is provided by its Retail Broker. This is due to two factors. First, the probability of PG incurring a deductible payment is significantly higher when PG accepts Members which present larger-than-average risks of loss. Second, the probability of PG incurring a higher-than-average deductible payment is significantly higher when PG accepts Members which present larger-than-average risks of loss.
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Related to Computation & Amount

  • Average Contribution Amount For purposes of this Agreement, to ensure that all employees enrolled in health insurance through the City’s HSS are making premium contributions under the Percentage-Based Contribution Model, and therefore have a stake in controlling the long term growth in health insurance costs, it is agreed that, to the extent the City's health insurance premium contribution under the Percentage-Based Contribution Model is less than the “average contribution,” as established under Charter section A8.428(b), then, in addition to the City’s contribution, payments toward the balance of the health insurance premium under the Percentage-Based Contribution Model shall be deemed to apply to the annual “average contribution.” The parties intend that the City’s contribution toward employee health insurance premiums will not exceed the amount established under the Percentage-Based Contribution Model.

  • Calculation of Liquidation Amount Upon the occurrence of a Liquidation Date:

  • Interest Amount Unless otherwise specified in Paragraph 13 and subject to Paragraph 4(a), in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Posted Collateral in the form of Cash (all of which may be retained by the Secured Party), the Secured Party will Transfer to the Pledgor at the times specified in Paragraph 13 the Interest Amount to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose). The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2.

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • INTEREST CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Historical Transaction Amounts For each of the two years ended 31 December 2021 and 2022 and the six months ended 30 June 2023, the historical transaction amounts paid by Poly Developments and Holdings Group to the Group in respect of property management services under the 2021-2023 Property Management Services Framework Agreements were RMB197.9 million, RMB202.5 million and RMB80.3 million, respectively.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8(h). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Funding Amount “Funding Amount” means an amount not to exceed Five Hundred Thousand Dollars ($500,000.00) of tax increment finance revenues to be used for paying the costs associated with the construction, equipping, inspection, and delivery of the Local Public Improvements.

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