Extraordinary Items Charge or Credit Sample Clauses

Extraordinary Items Charge or Credit. The Extraordinary Items Component (“EIC”) of the Monthly Service Fee, which may be a charge or a credit, shall be equal to the sum of (1) the amounts payable by the WPCA for increased operation, maintenance or other costs incurred on account of the occurrence of Uncontrollable Circumstances chargeable to the WPCA hereunder, net of any operation and maintenance cost savings achieved by the Company in mitigating the effects of the occurrence of such an Uncontrollable Circumstance, plus or minus (2) the adjustments to the Monthly Service Fee for increased operation and maintenance costs resulting from any Capital Modifications the costs of which are payable by the WPCA, or credits reflecting the benefits of Capital Modifications or other improvements to the System which accrue to the WPCA under the provisions of this Service Agreement, plus or minus (3) any noncompliance charges, liquidated damages or other Service Fee offsets due from the Company or credits due to Company specifically provided for under Article VII (Performance) or any other provision hereof, minus (4) any indemnification payments owed by the Company pursuant to Section 12.3 (Indemnification by the Company) or any other provision hereof, plus or minus (5) any other increase or reduction in the Monthly Service Fee provided for under any other Article of this Service Agreement.
Sample 1
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Extraordinary Items Charge or Credit 
Sample 1

Related to Extraordinary Items Charge or Credit

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • No Outstanding Charges There are no defaults in complying with the terms of the Mortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable. The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the related Due Date of the first installment of principal and interest;

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Nature of Reimbursement Obligations The Borrower and, to the extent set forth in Section 2.6.1, each Lender with a Revolving Loan Commitment, shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. The Issuer (except to the extent of its own gross negligence or willful misconduct) shall not be responsible for:

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