Cumulative Basis Sample Clauses
The 'Cumulative Basis' clause establishes that certain rights, obligations, or calculations under an agreement are to be considered in aggregate over a specified period, rather than on a per-occurrence or per-period basis. For example, this clause might apply to the calculation of damages, performance metrics, or payment obligations, ensuring that totals are assessed by summing all relevant events or amounts over time. Its core practical function is to provide a comprehensive and fair assessment by accounting for the entirety of relevant actions or amounts, thereby preventing disputes over isolated incidents and ensuring that the parties' responsibilities or entitlements are measured holistically.
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Cumulative Basis. Period from May 1, 2003 to: Consolidated Domestic --------------------------- ------------ ----------- July 31, 2003 ($4,728,000) ($4,073,000) October 31, 2003 ($5,630,000) ($5,125,000) January 31, 2004 ($3,166,000) ($4,489,000) April 30, 2004 $ 2,317,000 ($2,428,000) July 31, 2004 $ 5,101,000 ($367,000)
Cumulative Basis. In the event that an “as-of” gain/loss amount, at the Series or class level, is equal to or exceeds the lesser value of $.005 per outstanding share or $5,000.00 on a cumulative net basis over an accumulation period, PFPC will notify GEAM and the Series’ accounting agent (“Fund Accounting”) immediately. At that time, PFPC will provide a detailed explanation of the transaction, or transactions, which caused the “as-of” amount to equal or exceed the lesser value of $.005 per outstanding share or the $5,000.00 threshold. PFPC will work closely with GEAM to identify and resolve the full gain/loss amount. If PFPC is responsible for any such material “as-of” loss on a cumulative net basis over the relevant accumulation period, PFPC will reimburse the full amount due to the Series. Such reimbursement will occur no later than one month from the date of the transaction. At the end of each accumulation period, any immaterial “as-of” cumulative gain/loss balance or any material “as-of” gains remaining on the books of the Series will not be the responsibility of PFPC. The cumulative tracking mechanism for “as-of” gains and losses will be reset to zero to begin the next accumulation period. Additionally, in cases where a material “as-of” loss has occurred on a cumulative net basis, PFPC may request that GEAM recalculate the impacted NAV(s) and allow PFPC to re-process the affected shareholder transactions as if the “as-of” trade(s) had been processed in a timely manner on the applicable trade date with the correct NAV. Individual account adjustments of less than or equal to an amount set by the Board are considered de minimis and will not be processed by PFPC. PFPC will utilize the procedures outlined below for “as-of” dividend accrual resulting from adjustments occurring within a month and “late dividends” resulting from “as-of” transactions crossing a Series’ ex-date.
Cumulative Basis. “Cumulative Basis” means a cumulative or increasing accumulation of additional expenses within a specific Project Budget Line Item starting with the initial amount approved in §4.2, Project Budget as of the Effective Date. Such starting point will reset with an amendment to this Grant approved by the DOLA Controller changing the Project Budget Line Item amount or the Project Budget Line Item has been amended through an approved True-up Budget Proposal.
Cumulative Basis. 29 Section 6.13 Minimum Collateral Requirements............................29 Section 6.14 Loan Documents from Domestic Subsidiaries..................30 Section 6.15
Cumulative Basis. The maximum Earnout Payments will be calculated on a cumulative basis, beginning on April 1, 1998, and ending March 31, 2003. Interim calculations and payments will be made as described in this Subsection, but all calculations and payments will be based on the entire period described above.
Cumulative Basis. A pricing error will be considered material if the error is greater than or equal to $.003 per outstanding share over a cumulative period.