Implementation Rules for Calculation of the W&S Allocators Sample Clauses

Implementation Rules for Calculation of the W&S Allocators. In calculating the W&S allocators in accordance with the Formula Rate Templates, the following implementation rules shall apply: (a) No labor cost will be included in the calculation of the W&S allocators unless those costs are also includable as inputs into the formula rate to determine the Companies’ annual transmission revenue requirements for RTEP projects or NITS. This rule does not predetermine that any particular labor cost included as an input to the Companies’ Formula Rates is properly included in the calculation of the Companies’ W&S allocators and the interested parties may seek discovery and challenge the inputs in accordance with the Annual Update procedures. (b) Non-wage and salary costs including payroll taxes, pensions and benefits shall not be included in the W&S allocators. The Companies will provide, in footnotes to pages 354 to 355 of their FERC Form 1s, data that will include the dollar amount of labor that is directly assigned or allocated from the Service Companies to the Companies.
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Related to Implementation Rules for Calculation of the W&S Allocators

  • Special Rules for New Accounts If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,525.00 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state, and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be made payable to you. The excess over $5,525.00 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S Treasury check) is not made in person to one of our employees, the first $5,525.00 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit.

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  • Other Allocation Rules (a) The Members are aware of the income tax consequences of the allocations made by this Article IV and the economic impact of the allocations on the amounts receivable by them under this Agreement. The Members hereby agree to be bound by the provisions of this Article IV in reporting their share of Company income and loss for income tax purposes. (b) The provisions regarding the establishment and maintenance for each Member of a Capital Account as provided by Section 3.4 and the allocations set forth in Section 4.1, Section 4.2, and Section 4.3 are intended to comply with the Treasury Regulations and to reflect the intended economic entitlement of the Members. If the Managing Member determines that the application of the provisions in Section 3.4, Section 4.1, Section 4.2, or Section 4.3 would result in non-compliance with the Treasury Regulations or would be inconsistent with the intended economic entitlement of the Members, the Managing Member is authorized to make any appropriate adjustments to such provisions. (c) All items of income, gain, loss, deduction and credit allocable to an interest in the Company that may have been Transferred shall be allocated between the Transferor and the Transferee in accordance with a method determined by the Managing Member and permissible under Section 706 of the Code and the Treasury Regulations thereunder. (d) The Members’ proportionate shares of the “excess nonrecourse liabilities” of the Company, within the meaning of Treasury Regulations Section 1.752-3(a)(3), shall be allocated to the Members on a pro rata basis, in accordance with the number of Units owned by each Member unless otherwise determined by the Managing Member.

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