Computation of Payments Sample Clauses

Computation of Payments. The Parties owning or operating downstream Projects that have a right under this Agreement to coordinated storage releases from upstream reservoirs controlled by dams located in the United States shall make annual payments to the owners or operators of such reservoirs. The payments for all years shall be computed as follows.
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Computation of Payments. Except as otherwise specified as contemplated by Section 3.01 with respect to the Debt Securities of any series, any Payments on the Debt Securities of each series, which is not denominated in Euro, shall be computed on the basis of a 360-day year of twelve 30-day months. Payments on Debt Securities of each series denominated in Euro will be computed on the basis of the actual number of days in the calculation period divided by 365 (or, if any portion of that calculation period falls in a leap year, the sum of (a) the actual number of days in that portion of the calculation period falling in a leap year, divided by 366 and (b) the actual number of days in that portion of the calculation period falling in a non-leap year, divided by 365).
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Computation of Payments. (a) The amount of principal and interest payments, Additional Amounts and any other amounts due in respect of the Notes shall be determined by the Calculation Agent (i) based on the original Peso Equivalent Principal Amount in the case of principal payments and the outstanding Peso Equivalent Principal Amount of the Notes in the case of interest payments and (ii) by translating the relevant Peso amount into U.S. Dollars at the Applicable Exchange Rate on the relevant Calculation Date. The Company shall pay all amounts in respect of the principal of and interest on the Notes and any Additional Amounts in U.S. dollars, as calculated by the Calculation Agent by translating the Peso amounts, determined by reference to the Peso Equivalent Principal Amount Calculated into U.S. Dollars at the Applicable Exchange Rate on the relevant Calculation Date. So long as the Notes remain Outstanding, the Company shall maintain a Calculation Agent for determining the the Applicable Exchange Rate and the amounts payable on each Calculation Date. (b) The Calculation Agent shall notify the Trustee and the Holders of the Notes on each Calculation Date of the Applicable Exchange Rate and the amount in U.S. dollars to be paid in respect of each US$1,000 outstanding of principal or interest on the immediately following payment date. Each determination of the Calculation Agent will, in the absence of manifest error, be conclusive for all purposes and binding on the Company and the Holders of the Notes.
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Computation of Payments. 5.4.1 Subject to other provisions of the Contract Documents, the amount of each Application for Payment for Construction Phase Work shall be computed as follows: (a) Take that portion of the GMP amount properly allocable to completed Work, as determined by multiplying the percentage completed for each portion of the Work by the share of the GMP amount allocated to that portion of the Work; (b) Add that portion of the GMP amount properly allocable to materials and equipment delivered and suitably stored on-site for subsequent incorporation in the Work or, with the Authority’s prior written approval, suitably stored off-site as agreed; (c) Add the portion of the DB Contractor’s Fee, if any, then payable for completed Work pursuant to the terms of Subsection 4.1.3 (The DB Contractor’s Fee); (d) Deduct retainage in each Application for Payment as required by Section 5.2 (Retainage); (e) Subtract the aggregate of previous payments made by the Authority; (f) Subtract any prior overpayments indicated in the documentation required by Subsection 5.3.5(c) (Applications for Payment) to substantiate prior Applications for Payment, or resulting from errors subsequently discovered by the Authority in such documentation; and (g) Subtract amounts, if any, that the Authority has withheld in accordance with Section 5.6 (
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Computation of Payments. In consideration of this Agreement, Defendant agrees as follows: (a) To pay back wages to former employees who are due compensation under this Agreement for unpaid minimum wages, for the period from March 28, 2007 to August 30, 2010, in the total amount of Four Million Eight Hundred Thousand Dollars ($4,800,000.00), to the persons and in the amounts shown in Exhibit “A” attached hereto, which is incorporated by reference herein and made a part hereof. Defendant shall remain responsible for the employer’s share of F.I.C.A. taxes and all other employer tax responsibilities arising from or related to the back wages distributed as those back wages are actually distributed to former employees; (b) The gross amounts in Exhibit “A” shall be calculated with a base payment of Five Hundred Dollars ($500) to each former employee real estate agent employed at any time during the period of March 28, 2007 and August 31, 2010 and the remainder being distributed on a pro rata basis to compensate for unpaid minimum wages during that period with the assumption of a forty hour work week for each week employed during that period. However, no distribution shall be made to Xxxxxxxxx Xxxxxxxx, Xxxxxx Xxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, or Xxxxxxx Xxxxxxx who have recovered separately and released their claims. (c) To pay attorneys fees and costs associated with this litigation to DLSE in the amount of Two Hundred Thousand Dollars ($200,000.00).
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Computation of Payments. Until such time as physical progress in the performance of the work on a vessel is twenty-five percent (25%) complete, the Government, upon submission by the Contractor of invoices certified by the Contractor as hereinafter provided, will promptly make payments, on account of the total contract price, at ninety-five percent (95%) of the amount determined by multiplying the allocated total contract price of such vessel by the percentage of physical progress in the performance of work on such vessel as certified by the Contractor subject to the approval of the Supervisor; provided, that no such payment shall be made in an amount which when added to the total of all payments previously made with respect to such vessel under (i) paragraph (a) of this clause and (ii) the "COMPENSATION ADJUSTMENTS (LABOR AND MATERIAL)" clause exceeds one hundred fourteen percent (114%) of the allowable costs certified by the Contractor on the related invoice to have been incurred in the performance of work on such vessel.
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Computation of Payments. Except as otherwise specified pursuant to Section 3.01 for Capital Securities of any series, Payments on the Capital Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.
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Computation of Payments. The Company shall compute amounts of payments under the DIP Term Notes in accordance with Section 2.11 of the DIP Term Credit Agreement, which is set forth herein mutatis mutandis, taking into account such modifications as are necessary to reflect the terms herein and in the DIP Term Notes.
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Related to Computation of Payments

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

  • Proration of Payments If any Lender shall obtain any payment or other recovery (whether voluntary, involuntary, by application of offset or otherwise, on account of (a) principal of or interest on any Loan, but excluding (i) any payment pursuant to Section 8.7 or 15.6 and (ii) payments of interest on any Affected Loan) or (b) its participation in any Letter of Credit) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans (or such participation) then held by them, then such Lender shall purchase from the other Lenders such participations in the Loans (or sub-participations in Letters of Credit) held by them as shall be necessary to cause such purchasing Lender to share the excess payment or other recovery ratably with each of them; provided that if all or any portion of the excess payment or other recovery is thereafter recovered from such purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery.

  • Allocation of Payments The Assignor and the Assignee agree that (i) the Assignor shall be entitled to any payments of principal with respect to the Assigned Interest made prior to the Assignment Date, together with any interest and fees with respect to the Assigned Interest accrued prior to the Assignment Date, (ii) the Assignee shall be entitled to any payments of principal with respect to the Assigned Interest made from and after the Assignment Date, together with any and all interest and fees with respect to the Assigned Interest accruing from and after the Assignment Date, and (iii) the Agent is authorized and instructed to allocate payments received by it for account of the Assignor and the Assignee as provided in the foregoing clauses. Each party hereto agrees that it will hold any interest, fees or other amounts that it may receive to which the other party hereto shall be entitled pursuant to the preceding sentence for account of such other party and pay, in like money and funds, any such amounts that it may receive to such other party promptly upon receipt.

  • Collection of Payments Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents by charging Borrower’s deposit account number 4121261853 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.

  • Reduction of Payments Any reduction under Subsection (b) above shall be applied first to Payments that constitute “deferred compensation” (within the meaning of Section 409A of the Code and the regulations thereunder). If there is more than one such Payment, then such reduction shall be applied on a pro rata basis to all such Payments. Subject to the foregoing rules, the Employee may elect, in the Employee’s sole discretion, which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall advise the Company in writing of the Employee’s election within 10 business days of receipt of notice. If no such election is made by the Employee within such 10-day period, then the Company may elect which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall notify the Employee promptly of such election. For purposes of this Section 3, a present value shall be determined in accordance with Section 280G(d)(4) of the Code. All determinations made by the Accounting Firm under this Section 3 shall be binding upon the Company and the Employee and shall be made within 10 business days of the date when a Payment becomes payable or transferable. As promptly as practicable following such determination and the elections hereunder, the Company shall pay or transfer to or for the benefit of the Employee such amounts as are then due to the Employee and shall promptly pay or transfer to or for the benefit of the Employee in the future such amounts as become due to the Employee.

  • Limitation of Payments City’s obligation to pay the Consultant for services rendered pursuant to this Contract is conditioned upon the availability of City’s funds which are allocated to pay the Consultant. If funds are not allocated and available to pay the Consultant for these services, City may terminate this Contract at the end of the period for which the funds are available. City shall notify the Consultant at the earliest possible time if this agreement will or may be affected by a shortage of funds. No liability shall accrue to City in the event this provision is exercised, and the City shall not be obligated or liable for any future payments due or for any damages as a result of termination under this section. This provision shall not be construed so as to permit City to terminate this Contract in order to acquire similar services from another party. The Consultant shall be paid for any allowable services provided and expenses incurred prior to receipt of any such notification that City was terminating the Contract because of a shortage of funds.

  • No Duplication of Payments The Company shall not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, Certificate of Incorporation, Bylaw or otherwise) of the amounts otherwise indemnifiable hereunder.

  • Termination of Payments Notwithstanding section 2.2, no payments shall be due to Purchaser xXxx Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple. We refer to the result of this multiplication as the “Maximum Payment Amount.”

  • Reallocation of Payments Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 10.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to the L/C Issuer or Swing Line Lender hereunder; third, if so determined by the Administrative Agent or requested by the L/C Issuer or Swing Line Lender, to be held as Cash Collateral for future funding obligations of that Defaulting Lender of any participation in any Swing Line Loan or Letter of Credit; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or Swing Line Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or Swing Line Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans or L/C Borrowings were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Borrowings owed to, that Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.16(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto.

  • Distribution of Payments On and after the Effective Date, the Agent shall make all payments under the Loan Documents in respect of each Assigned Interest (a) in the case of amounts accrued to but excluding the Effective Date, to Assignor and (b) otherwise, to Assignee.

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