Monthly Calculation Clause Samples

The Monthly Calculation clause defines how certain amounts, such as payments, fees, or performance metrics, are determined on a monthly basis within an agreement. Typically, this clause outlines the specific formula, data sources, or timeframes used to calculate the relevant figures each month, ensuring both parties understand the process and timing for these calculations. Its core practical function is to provide a clear, consistent method for determining monthly obligations or entitlements, thereby reducing the risk of disputes and ensuring transparency in ongoing contractual relationships.
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Monthly Calculation. Each month of the calendar year, the Parties undertake to carry out the following acts for the purposes of calculating expenses related to Shared Resources actually used in the immediately preceding month: 7.1.1. By the fifth (5th) business day of each month, each Party will close accounting of the expenses related to the Shared Resources actually used in the immediately preceding month ("Monthly Closing"). 7.1.2. By the eighth (8th) business day of each month, each Party shall submit to CBD the respective expense reports referring to the Shared Resources actually used in the immediately previous month, as determined in the respective Monthly Closing ("Preliminary Reports"). 7.1.3. By the fifteenth (15th) day of each month, CBD shall process the information contained in the Preliminary Reports received and prepare a consolidated expense report, considering the Shared Resources actually used by the Parties, with an indication of the net amounts to be reimbursed by each of the Parties, based on the sharing criteria established in Section 2 ("Monthly Consolidated Report"). 7.1.4. By the twentieth (20th) day of each month, CBD must submit the Monthly Consolidated Report to the Management Committee for validation. 7.1.5. By the twenty-fifth (25th) day of each month, the Management Committee will approve the respective Monthly Consolidated Report to be accounted for by the Parties.
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Monthly Calculation. Section 2.43 of the Lease is hereby amended to add the following sentence at the end of the Section:
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Monthly Calculation. Licensor’s share shall be calculated and paid on a monthly basis, (the “Accounting Period”) and then reconciled on an annual basis corresponding to Licensee’s fiscal year which runs from April 1 to March 31 of the following year. At Licensor’s request Licensee shall pay to Licensor advances against and in reduction of Licensor’s Share for the applicable Accounting Period. The amount of each advance shall be subject to the mutual agreement of Licensor and Licensee.
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Related to Monthly Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Monthly Statement The Contractor shall submit a statement to the Engineer at the end of each month, in a tabulated form approved by the Engineer, showing the amounts to which the Contractor considers himself to be entitled. The statement shall include the following items, as applicable; - the value of the Permanent Work executed up to the end of previous month - such an amount (not exceeding 75 percent of the value) as the Engineer may consider proper on account of materials for permanent work delivered by the Contractor in the site - such amount as the Engineer may consider fair and reasonable for any Temporary Works for which separate amounts are provided in the Bill of Quantities - adjustments under Clause 70 - any amount to be withheld under retention provisions of Sub-clause 60.3 - any other sum to which the Contractor may be entitled under the Contract If the Engineer disagrees with or cannot verify any part of the statement, the Contractor shall submit such further information as the Engineer may reasonably require and shall make such changes and corrections in the statement as may be directed by the Engineer. In cases where there is difference in opinion as to the value of any item, the Engineer’s view shall prevail.

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.