Computational Rules. 6 Section 2.1 Selection of Asset Tranches........................................................................6 Section 2.2 Computation of Purchaser's Total Investment and Purchaser's Tranche Investment.....................6 Section 2.3 Computation of Concentration Limits and Unpaid Balance.............................................7 Section 2.4 Computation of Earned Discount.....................................................................7 Section 2.5 Estimates of Earned Discount Rate, Fees, etc.......................................................7 ARTICLE III SETTLEMENTS..........................................................................................8
Computational Rules. Section 2.1 Selection, Dividing or Combining of Asset Tranches. Each Purchaser Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings made by such Purchaser Agent’s Purchaser Group, divide any Asset Interest into Asset Tranches or combine two or more Asset Tranches into one Asset Tranche. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding. The Purchaser Group Invested Amount of such Purchaser Agent’s Purchaser Group shall be allocated to each Asset Tranche by such Purchaser Agent, on behalf of the Investors in such Purchaser Agent’s Purchaser Group, to reflect the funding sources for the Asset Interest, so that:
(a) there will be a single Asset Tranche equal to the excess of the applicable Purchaser Group Invested Amount over the aggregate amount allocated at such time pursuant to clause (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes of the Purchasers in such Purchaser Group, if any; and
(b) there may be one or more Asset Tranches, selected by such Purchaser Agent, on behalf of the Liquidity Banks in such Purchaser Agent’s Purchaser Group, reflecting the portion or portions of the Asset Interest funded by outstanding Liquidity Fundings of such Purchaser Group.
Section 2.2 Computation of Invested Amount and Purchaser Group’s Tranche Investment. In making any determination of the Invested Amount, any Purchaser Group Invested Amount and any Purchaser Group’s Tranche Investment, the following rules shall apply:
(a) the Invested Amount and each Purchaser Group Invested Amount, as the case may be, shall not be considered reduced by any allocation, setting aside or distribution of any portion of Collections unless such Collections shall have been actually delivered hereunder to the appropriate Purchaser Agent, on behalf of the Investors in such Purchaser Agent’s Purchaser Group;
(b) the Invested Amount and each Purchaser Group Invested Amount, as the case may be, shall not be considered reduced by any distribution of any portion of Collections if at any time such distribution is rescinded or must otherwise be returned for any reason; and
(c) if there is any reduction in the Invested Amount or any Purchaser Group Invested Amount, as the case may be, there shall be a corresponding reduction to each applicable Purchaser Group’s Tranche Investment with respect to ...
Computational Rules. 5 Section 2.1 Computation of Capital.......................................... 5 Section 2.2 Computation of Concentration Limit.............................. 5 Section 2.3 Computation of Earned Discount.................................. 5 Section 2.4 Estimates of Earned Discount Rate, Fees, Etc.................... 5
Computational Rules. 7 SECTION 2.01. Selection of Asset Tranches.................................7 SECTION 2.02. Computation of Purchaser"s Total Investment and Purchaser"s Tranche Investment..........................................7 SECTION 2.03. Computation of Concentration Limits and Unpaid Balance......8 SECTION 2.04. Computation of Earned Discount..............................8 SECTION 2.05. Estimates of Earned Discount Rate, Fees, etc................8
Computational Rules. (a) The following rules shall apply in making the computations set forth in Section 3.3, and 3.4, and 3.8:
6 7 (i) In determining a net increase in the income of a Stockholder or the Company pursuant to Sections 3.3 and 3.4, effect shall be given to any reduction in taxable income of such party resulting from a Final Determination with respect to prior or future years arising from or directly relating to the item giving rise to the increase, provided that such increase or reduction can reasonably be anticipated to be realized within three taxable years of the corresponding adjustment.
Computational Rules. 4 SECTION 2.01 Computation of Senior Investor Balance.................. 4 SECTION 2.02 Computation of Earned Discount.......................... 4 SECTION 2.03 Estimates of Earned Discount Rate, Fees, etc............ 4 ARTICLE III SETTLEMENTS..................................................... 5
Computational Rules. 9 SECTION 2.01.
Computational Rules. For purposes of determining and allocating Tax liabilities and payment obligations for the Consolidated Period and the Combined Period, the ATT Subgroup's federal, state, local and foreign income Tax liability will be computed by B/E Aerospace in a manner consistent with B/E Aerospace's policies and procedures for accounting for income taxes for financial statement purposes. In making such allocation, ATT shall not receive any benefits from being a member of the Affiliated Group or Combined Group, such as any benefit of the graduated Tax rates (including the rates provided under Section 11 of the Code). In the case of any tax benefit where the amount of the overall benefit to the Affiliated Group or Combined Group is limited, such as any alternative minimum Tax exemption amount under Section 55 of the Code, the benefit shall be allocated solely to the B/E Aerospace Subgroup.
Computational Rules. SECTION 2.1 Computation of Capital ....
Computational Rules
