Income Calculation. In the event that TCAC no longer publishes the rent information that this Agreement contemplates that TCAC will publish, the County will provide Borrower with other rent determinations which are reasonably similar with respect to methods of calculation to those previously published by TCAC.
Income Calculation. On or prior to the Closing, Seller shall calculate the net income before Income Taxes (as calculated in accordance with GAAP) generated by the Business from the Transfer Date to February 28, 1999, which calculation shall be reasonably satisfactory to Buyer. The Purchase Price shall be adjusted on a dollar-for-dollar basis to reflect net income (loss) before Income Taxes (as calculated in accordance with GAAP) for such period. On or prior to the date that is thirty (30) days following the Closing Date, Seller shall calculate the net income before Income Taxes (as calculated in accordance with GAAP) generated by the Business from March 1, 1999 to the Closing Date, which calculation shall be reasonably satisfactory to Buyer. Within five (5) days after Buyer's acceptance of such calculation, either Seller shall pay Buyer an amount equal to any net income before Income Taxes (as calculated in accordance with GAAP) for such period or Buyer shall accept any net (loss) before Income Taxes (as calculated in accordance with GAAP) for such period. For purposes of the calculations required under this Section 5.26, expenses of the Business shall not include, and net income of the Business shall not be reduced by, any payments or accruals in respect of Retained Liabilities and shall not be increased by any revenues related to Excluded Assets.
Income Calculation. The specific method by which income is calculated will depend on the income type and documents provided by the applicant. • For W2 wage earners: The most recent paystubs and W-2 will be obtained to verify income calculations. The underwriter must use the paystub solely if the most current information is more relevant to the file. (i.e. Applicant received a raise or started a new job.) • Variances between the stated and verified income that still qualify for an offer or are less than 20% do not need any additional approval. • For self employed applicants: 1 year tax returns, net monthly (gross minus deductions, adding back non cash deductibles such as depreciation, etc) will be used.
Income Calculation. The Company shall provide all reasonable assistance to the Authority where, in accordance with Clause [ ] of the Project Agreement, the Authority and Contractor seek to agree the Net Income generated from use of the Academy through Third Party use or Community Use.
Income Calculation. Gains and losses on the transfer of listed shares held in custody in the Account shall be calculated in accordance with Article 37-11-3 of the Act (Special cases of income calculation concerning the transfer of listed shares held in custody in the Account), Article 37-11-4 of the Act (Special cases of tax withholding for income earned from the transfer of listed shares held in custody in the Account), Article 13 of the Supplementary Rules to the Act for Partially Revising the Act on Special Measures Concerning Taxation (Law No. 15 of 2002), and related governmental and ministerial ordinances.
