for calculating the Net Debt at the exchange rate in force on the last working day of the month that the relevant invoices were issued with any payments received in respect of these invoices being converted at the same rate.
for calculating the Net Debt Sample Clauses
Related to for calculating the Net Debt
Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.
INTEREST CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report.
Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.
