ECONOMIC ADJUSTMENT FORMULA Sample Clauses

ECONOMIC ADJUSTMENT FORMULA. Pursuant to the provision of Article 2.2 of the Supplement, the economic adjustment will be calculated using the following Economic Adjustment Formula: **** The above indices are subject to change without notice, and shall be as published by Statistics Canada or the Bureau of Labour Statistics. For the purpose of the Economic Adjustment Formula and the calculation of the economic adjustment: **** In the event that any index used in the Economic Adjustment Formula is discontinued or restated, or if the methodology employed by the relevant authority in determining the index is substantially revised, then the index shall be replaced or amended in accordance with the revised index published by the relevant authority. In the calculation of the Aircraft Purchase Price the following guidelines in respect of decimal places shall apply: **** SCHEDULE 4 TO SUPPLEMENT NO. PA-489-2 OPTION AIRCRAFT
Sample 1
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ECONOMIC ADJUSTMENT FORMULA. Pursuant to the provision of Article 4 of the Agreement, the Aircraft Base Price as stipulated in Article 1 to this Schedule I above as adjusted for any changes made pursuant to Article 11 of the Agreement and any Regulatory Changes pursuant to Articles 8.4 and 8.5 of the Agreement to the account of Northwest shall be adjusted from [*] to the Delivery Date of each Aircraft using the following economic adjustment formula ("Economic Adjustment Formula") to determine the Aircraft Purchase Price for each Aircraft in accordance with Article 4.2 of the Agreement. The Aircraft Credit Memorandum [*] shall be similarly adjusted in accordance with the following formula. [*] [*] PP = [*] where: PP = Aircraft Purchase Price; PO = Base Price; LD = the Canadian labour index based upon the indices for the arithmetic average of the fifth, sixth and seventh full month preceding the month of delivery of the relevant Aircraft; LO = is [*], being the arithmetic average of the Canadian labour index for ED = the U.S. labour index based upon the indices for the arithmetic average of the fifth, sixth and seventh full month preceding the month of delivery of the relevant Aircraft; EO = is [*], being the arithmetic average of the U.S. labor index for CD = the Industrial Commodities index based upon the indices for the arithmetic average of the fifth, sixth and seventh full month preceding the month of delivery of the relevant Aircraft; CO = is [*], being arithmetic average of the Industrial Commodities index for [*]; Purchase Agreement PA-0498 Northwest Airlines, Inc. [*] Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. MD = the material index based upon the indices for the arithmetic average of the fifth, sixth and seventh full month preceding the month of delivery of the relevant Aircraft; MO = is [*], being the arithmetic average of the material index for [*]; For the purpose of the Economic Adjustment Formula and the calculation of the economic adjustment:
Sample 1

Related to ECONOMIC ADJUSTMENT FORMULA

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • CPI Adjustment The fixed fees and other fees expressed as stated dollar amounts in this schedule and in the Agreement shall be increased annually commencing on the one-year anniversary date of the Effective Date by the percentage increase since the Effective Date in consumer prices for services as measured by the United States Consumer Price Index entitled "All Services Less Rent of Shelter" or a similar index should such index no longer be published.

  • Tax Adjustment During each Lease Year commencing with the Lease -------------- Year 1998, Tenant shall pay, as Additional Charges, an amount (hereinafter referred to as the "TAX ADJUSTMENT AMOUNT") equal to Tenant's Share of the excess of Taxes for each such Lease Year over the amount of Taxes for the Base Year; except that Tenant shall be required to pay only a pro rata amount of the Tax Adjustment Amount for the Lease Year in which the last days of the Term occur, pro rated on a per diem basis. The Tax Adjustment Amount with respect to each Lease Year shall be paid in monthly installments in advance on the first day of each and every calendar month during such Lease Year, commencing January 1, 1998, in an amount estimated from time to time by Landlord and communicated by written notice to Tenant. As soon as practicable following the close of the 1998 and subsequent Lease Years, and receipt of actual tax bills, Landlord shall deliver to Tenant a statement setting forth (a) the actual Tax Adjustment Amount for such Lease Year; (b) the total of the estimated monthly installments of the Tax Adjustment Amount paid to Landlord for such Lease Year; and (c) the amount of any excess or deficiency with respect to such Lease Year. Tenant shall pay any deficiency to Landlord as shown by such statement within thirty (30) days after receipt of such statement. If the total of the estimated monthly installments paid by Tenant during any Lease Year exceeds the actual Tax Adjustment Amount due from Tenant for such Lease Year, at Landlord's option such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Tenant is not then in default hereunder.

  • Exercise Price Adjustment Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted, as herein provided, the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator shall be the number of Warrant Shares purchasable immediately thereafter.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • Adjustment, etc Any adjustment, indulgence, forbearance or compromise that might be granted or given by any of the Lenders to Borrower or Guarantor or any Person liable on the Liabilities;

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