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. 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:
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............................. 6
Computational Rules. 6 SECTION 2.1. SELECTION OF ASSET TRANCHES......................................6 SECTION 2.2. COMPUTATION OF INVESTED AMOUNT AND PURCHASER'S TRANCHE INVESTMENT.......................................................6 SECTION 2.3. COMPUTATION OF CONCENTRATION LIMITS AND OUTSTANDING BALANCE......7 SECTION 2.4. COMPUTATION OF EARNED DISCOUNT...................................7 SECTION 2.5. ESTIMATES OF EARNED DISCOUNT RATE, FEES, ETC.....................8 ARTICLE III SETTLEMENTS........................................................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:
Computational Rules. ...... 5 SECTION 2.1 Computation of Capital ........................................... 5 SECTION 2.2. Computation of Concentration Limit .............................. 6 SECTION 2.3. Computation of Earned Discount .................................. 6 SECTION 2.4 Estimates of Earned Discount Rate, Fees, Etc ..................... 6 ARTICLE III. SETTLEMENTS ............................................................. 7 SECTION 3.1. Purchase and Settlement Procedures .............................. 7 SECTION 3.2. Deemed Collections; Reduction of Capital, Etc ................... 9 SECTION 3.3. Payments and Computations, Etc .................................. 11 ARTICLE IV. FEES AND YIELD PROTECTION ................................................ 11 SECTION 4.1. Fees ............................................................ 11 SECTION 4.2. Yield Protection ................................................ 12 SECTION 4.3. Funding Losses .................................................. 14 SECTION 4.4. Prepayments ..................................................... 14 ARTICLE V.
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
