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

  • Payment; Interest Computation Interest is payable monthly on the first calendar day of each month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

  • Interest Computation In computing interest on the Obligations, all checks, wire transfers and other items of payment received by Silicon (including proceeds of Receivables and payment of the Obligations in full) shall be deemed applied by Silicon on account of the Obligations three Business Days after receipt by Silicon of immediately available funds, and, for purposes of the foregoing, any such funds received after 12:00 Noon on any day shall be deemed received on the next Business Day. Silicon shall not, however, be required to credit Borrower's account for the amount of any item of payment which is unsatisfactory to Silicon in its sole discretion, and Silicon may charge Borrower's loan account for the amount of any item of payment which is returned to Silicon unpaid.

  • Interest Amount Unless otherwise specified in Paragraph 11(f)(iii), the Transferee will transfer to the Transferor at the times specified in Paragraph 11(f)(ii) the relevant Interest Amount to the extent that a Delivery Amount would not be created or increased by the transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed a Valuation Date for this purpose).

  • Computation Period Interest on the Loans and all other amounts payable by Borrower hereunder on a per annum basis shall be computed on the basis of a 360-day year and the actual number of days elapsed (including the first day but excluding the last day) unless such calculation would result in a usurious rate or to the extent such Loan bears interest based upon the Base Rate, in which case interest shall be calculated on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which funds are repaid shall be included unless repayment is credited prior to the close of business on the Business Day received. Each determination by Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • 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.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • 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. 10.2 The State expects to incur the following types of interest calculation costs: Costs of calculating interest, including the cost of developing and maintaining clearance patterns in support of interest calculations. 10.3 The State shall submit all claims for reimbursement of interest calculation costs with its Annual Report in accordance with 31 CFR 205.

  • Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to LIBOR) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. (b) If, as a result of any restatement of or other adjustment to the financial statements of the Parent or for any other reason, then the Parent, the Borrower, the Administrative Agent, or the Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Parent and the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period, then the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders, within three (3) Business Days after demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Loan Party under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent or any Lender), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of the Administrative Agent or any Lender, under Section 2.08(b) or under Article IX.

  • Interest Rates Payments and Calculations (a) Interest Rate. Except as set forth in Section 2.3(b), or as ------------- specified to the contrary in any Loan Document, any Advances under this Exim Agreement shall bear interest, on the average daily balance, at a rate equal to the Prime Rate per annum.

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

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