Fees – Amount and Principles Sample Clauses

Fees – Amount and Principles i. You shall pay Fees as determined below to Recycle BC in respect of each Fee Obligation Year for which you are obligated (i.e. that corresponds to Your Reporting Obligation Year). You also agree to comply with: a. the Penalty and Interest Policy, b. such other policies or revisions to existing policies, as may be published from time to time on the Recycle BC website once 30 days’ notice has been provided to Members. ii. By no later than November 30 of each Obligation Year Recycle BC shall make a non-binding estimate of the total Fees payable by the Member in respect of the following Obligation Year. From time to time during the Obligation Year, Recycle BC will keep the Member promptly informed of any material adverse change in its estimate of the Fees. iii. Recycle BC intends that all Fees shall be calculated by Recycle BC on a fair basis with a view to ensuring, so far as reasonably possible, that Recycle BC in total incurs neither a profit nor a loss and with particular regard to the following principles: a. All participating Members will pay Fees to support the cost of the program regardless of collection or processing performance of their obligated materials; b. Fee rates will take into account the cost for managing each material; c. Fee rates are adjusted to reward those materials with higher recycling rates relative to other materials; and d. Recycle BC will disclose the cost components contributing to material Fee rates. iv. The Fees shall be computed by reference to the following elements: a. Cost to collect and recycle Your PPP; b. Costs to promote the collection and recycling of PPP; c. Costs to set up and administer the PPP program; d. Contributions to reserves, contingencies and recycling infrastructure investments as either Recycle BC shall have identified in its budget or is proved to be necessary in operating Recycle BC in the Members’ best interests; e. Interest on late payments and f. A sum equivalent to the amount required to defray any losses. v. In computing all or any of the above costs and expenses, Recycle BC will be required to estimate such costs and expenses as it shall consider reasonable and appropriate and shall take into account in calculating the Fees any surplus or deficit in Recycle BC as a result of its operations.
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Fees – Amount and Principles i. You shall pay Fees as determined below to MMSW in respect of each Fee Obligation Year for which you are obligated. You also agree to comply with: a. the Penalty and Interest Policy. b. such other policies or revisions to existing policies, as may be published from time to time on the MMSW website once 30 days’ notice has been provided to Members. ii. By no later than November 30 of each Obligation Year, MMSW shall make a non-binding estimate of the total Fees payable by the Member in respect of the following Obligation Year. From time to time during the Obligation Year, MMSW will keep the Member promptly informed of any material adverse change in its estimate of the Fees. iii. MMSW intends that all Fees shall be calculated by MMSW on a fair basis with a view to ensuring, so far as reasonably possible, that MMSW in total incurs neither a profit nor a loss and with particular regard to the following principles: a. All Members will pay Fees to fund qualified municipalities that operate efficient and effective programs up to 75% of the net costs of managing the materials of our Members. . b. Fee rates will take into account 75% of the net cost for managing each material; c. Fee rates are adjusted to reward those materials with higher recycling rates relative to other materials; and d. MMSW will disclose the cost components contributing to material Fee rates. The Fees shall be computed by reference to the following elements: e. Up to 75% of the net costs of managing the materials of our Members to fund qualified municipalities that operate efficient and effective programs; f. Costs to set up and administer the WPP program; g. Contributions to reserves, contingencies as either MMSW shall have identified in its budget or is proved to be necessary in operating MMSW in the Members’ best interests; h. Interest on late payments; and i. A sum equivalent to the amount required to defray any losses. iv. In computing all or any of the above costs and expenses, MMSW will be required to estimate such costs and expenses as it shall consider reasonable and appropriate and shall take into account in calculating the Fees any surplus or deficit in MMSW as a result of its operations.
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Fees – Amount and Principles i. You shall pay Fees as determined below to MMSW in respect of each Fee Obligation Year for which you are obligated. You also agree to comply with: a. the Penalty and Interest Policy.
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Related to Fees – Amount and Principles

  • Applicable Principles Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporation for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a). Carryovers or carrybacks of any tax item attributable to any Basis Adjustment or Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any tax item includes a portion that is attributable to a Basis Adjustment or Imputed Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed utilized first, followed by the amount of any TRA Portion (with the TRA Portion being applied on a proportionate basis consistent with the provisions of Section 3.3(a)); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation made in the prior Taxable Year. The Parties agree that, subject to the second to last sentence of Section 2.1(a), all Tax Benefit Payments attributable to an Exchange will be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments for the Corporation beginning in the Taxable Year of payment, and as a result, such additional Basis Adjustments will be incorporated into such Taxable Year continuing for future Taxable Years until any incremental Basis Adjustment benefits with respect to a Tax Benefit Payment equals an immaterial amount.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Funding Principles A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • General Principles Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.

  • FIRM DISCOUNT AND PRICING STRUCTURE Contractor guarantees that prices quoted are equal to or less than prices quoted to any other local, State or Federal government entity for services of equal or lesser scope. Contractor agrees that no price increases shall be passed along to the County during the term of this Contract not otherwise specified and provided for within this Contract.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Definitions and Principles of Interpretation The following definitions in clause 1.1 shall be replaced as follows:

  • Accounting Terms and Principles (a) Except as set forth below, all accounting terms not specifically defined herein shall be construed in conformity with GAAP and all accounting determinations required to be made pursuant hereto (including for purpose of measuring compliance with Article V (Financial Covenant)) shall, unless expressly otherwise provided herein, be made in conformity with GAAP. (b) If at any time any change in GAAP would affect the computation of any financial ratio or requirement, and either the Borrower or the Administrative Agent shall so request, the Administrative Agent and the Borrower shall negotiate in good faith to amend such ratio or requirement so as to equitably reflect such change in GAAP with the desired result that the criteria for evaluating the Borrower’s financial condition shall be the same after such change in GAAP as if such change in GAAP had not been made (subject to the approval of the Requisite Lenders); provided, however, that, (i) until so amended, (A) such ratio or requirement shall continue to be computed in accordance with GAAP, as applicable, prior to such change therein and (B) the Borrower shall provide to the Administrative Agent and the Lenders a written reconciliation, in form and substance reasonably satisfactory to the Administrative Agent, between calculations of such ratio or requirement made before and after giving effect to such change in GAAP and (ii) for the avoidance of doubt, (A) the amount of any Capital Lease Obligation shall at all times be calculated in accordance with the definition of that term, and (B) notwithstanding any changes in GAAP after the Closing Date, any lease of the Borrower or the Subsidiaries that would be characterized as an operating lease under GAAP in effect on the Closing Date (whether such lease is entered into before or after the Closing Date) shall not constitute Indebtedness or a Capital Lease Obligation under this Agreement or any other Loan Document as a result of such changes in GAAP. (c) For purposes of making all financial calculations to determine compliance with Article V (Financial Covenant) and any other financial ratio hereunder, all components of such calculations shall be adjusted to include or exclude, as the case may be, without duplication, such components of such calculations attributable to any business or assets that have been acquired by the Borrower or any of its Subsidiaries (including through Permitted Acquisitions) after the first day of the applicable period of determination and prior to the end of such period, as determined in good faith by the Borrower on a Pro Forma Basis. For the avoidance of doubt, when determining Pro Forma Compliance with Article V (Financial Covenant) for purposes of any ratio test set forth in the definition of “Permitted Acquisition” or Article VIII (Negative Covenants), the test set forth in Article V (Financial Covenant) shall apply regardless of whether any Revolving Credit Commitment remains outstanding on the relevant test date.

  • Definitions and Principles of Construction Section 1.1 Defined Terms 1 Section 1.2 Principles of Constructions 1

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