Monthly Calculations Sample Clauses

Monthly Calculations. For ease of computation, Buyer and Seller agree that the daily payments and adjustments to the balance of the Buyer Note shall occur automatically and without a requirement for immediate computation, and Servicer shall only be required to reconcile the amounts of the foregoing payments on a monthly basis on each Report Date.
Sample 1See All (4)
AutoNDA by SimpleDocs
Monthly Calculations. On or before each Determination Date, the Servicer will calculate, with respect to the related Monthly Period and the related Payment Date, each of the withdrawals, deposits and payments contemplated by the Basic Documents. Based on such calculations, the Servicer will deliver to the Indenture Trustee a certificate instructing the Indenture Trustee to make the withdrawals, deposits and payments, as determined by the Servicer, on the day preceding the related Payment Date. On each Determination Date, the Servicer shall calculate the Total Collected Amount with respect to the related Monthly Period. On each Determination Date, the Servicer shall also calculate the Total Available Amount with respect to the next succeeding Payment Date.
Sample 1
Monthly Calculations. 10 6.5.4. Notice of Litigation, Defaults, etc. ..................... 10 6.5.5.
Sample 1
Monthly Calculations. The Company shall furnish to each Lender, within twenty-eight (28) calendar days after the last calendar day of each month, calculations showing, as of the last day of such month ended, the Company's compliance with Sections 6.6, 6.7 and 6.8.
Sample 1
Monthly Calculations. By the fifteenth (15th) of each month, the Company agrees to provide each Cabin Attendant with a list of his monthly flight time for the previous month. This information shall also include but not be limited to sick leave banked, time banked, crew complement premiums, other additional credits, language premiums, etc.
Sample 1
Monthly Calculations. As soon as available, and in any event within --------------------- thirty (30) days after the end of each fiscal month of the Borrower, (i) a certificate of an Authorized Officer of the Borrower in substantially the form of Exhibit E hereto (A) stating to the best of such officer's knowledge, no ---------- Default has occurred and is continuing, or if a Default has occurred and is - continuing, a statement as to the nature thereof and the action that is proposed - to be taken with respect thereto, and (B) showing in reasonable detail the most recent calculations demonstrating compliance with Article XII and (ii) if ------------ applicable, the notice required under the definition of "LIBOR Rate Margin." Section 2.3 AMENDMENT TO SECTION 12.2. Effective as of June 27, 2002, Section --------------------------- 12.2 of the Loan Agreement is hereby amended and restated in its entirety as follows: Section
Sample 1
Monthly Calculations. The following computations will be made on a monthly basis:
Sample 1
AutoNDA by SimpleDocs
Monthly Calculations. Together with each delivery of any report pursuant to Section 6.1(a), a certificate duly executed by a Responsible Officer of CPA setting forth: (i) with respect to the 2005-1 Securitization, (A) the Average Sixty-Day Delinquency Ratio (as defined in the 2005-1 Pooling and Servicing Agreement as in effect on the date hereof) as of the most recent preceding Distribution Date (as defined in the 2005-1 Pooling and Servicing Agreement as in effect on the date hereof, the “2005-1 Distribution Date”), (B) the Current Realized Loss Ratio (as defined in the 2005-1 Pooling and Servicing Agreement as in effect on the date hereof) as of the most recent preceding 2005-1 Distribution Date and (C) the Cumulative Realized Losses (as defined in the 2005-1 Pooling and Servicing Agreement as in effect on the date hereof) as of the most recent preceding 2005-1 Distribution Date, as a percentage of the Cut-Off Date Pool Principal Balance (as defined in the 2005-1 Pooling and Servicing Agreement as in effect on the date hereof) for such 2005-1 Distribution Date; (ii) with respect to the 2007-1 Securitization, (A) the Average Sixty-Day Delinquency Ratio (as defined in the 2007-1 Pooling and Servicing Agreement as in effect on the date hereof) as of the most recent preceding Distribution Date (as defined in the 2007-1 Pooling and Servicing Agreement as in effect on the date hereof, the “2007-1 Distribution Date”), (B) the Current Realized Loss Ratio (as defined in the 2007-1 Pooling and Servicing Agreement as in effect on the date hereof) as of the most recent preceding 2007-1 Distribution Date and (C) the Cumulative Realized Losses (as defined in the 2007-1 Pooling and Servicing Agreement as in effect on the date hereof) as of the most recent preceding 2007-1 Distribution Date, as a percentage of the Cut-Off Date Pool Principal Balance (as defined in the 2007-1 Pooling and Servicing Agreement as in effect on the date hereof) for such 2007-1 Distribution Date; (iii) with respect to the Mortgages, (A) the Average Sixty-Day Delinquency Ratio (as defined in the Mortgage Sale, Contribution and Servicing Agreement) as of the last day of the month most recently ended, (B) the Current Realized Loss Ratio (as defined in the Mortgage Sale, Contribution and Servicing Agreement) as of such date, (C) the Cumulative Realized Losses (as defined in the Mortgage Sale, Contribution and Servicing Agreement) as of the last day of the month most recently ended, as a percentage of the Pool Principal...
Sample 1

Related to Monthly Calculations

  • 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.

  • Interest Calculations Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).

  • Calculations; Computations (a) The financial statements to be furnished to the Lenders pursuant hereto shall be made and prepared in accordance with U.S. GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto); provided that to the extent expressly provided herein, certain calculations shall be made on a Pro Forma Basis; provided further, that if Lead Borrower notifies the Administrative Agent that Lead Borrower wishes to amend any leverage calculation or any financial definition used therein to implement the effect of any change in U.S. GAAP or the application thereof occurring after the Closing Date on the operation thereof (or if the Administrative Agent notifies Lead Borrower that the Required Lenders wish to amend any leverage test or any financial definition used therein for such purpose), then Lead Borrower and the Administrative Agent shall negotiate in good faith to amend such leverage test or the definitions used therein (subject to the approval of the Required Lenders) to preserve the original intent thereof in light of such changes in U.S. GAAP; provided, further that all determinations made pursuant to any applicable leverage test or any financial definition used therein shall be determined on the basis of U.S. GAAP as applied and in effect immediately before the relevant change in U.S. GAAP or the application thereof became effective, until such leverage test or such financial definition is amended. Notwithstanding any other provision contained herein, (i) all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to Statement of Financial Accounting Standards 141R or ASC 805 (or any other financial accounting standard having a similar result or effect) and (ii) the accounting for any lease shall be based on Lead Borrower’s treatment thereof in accordance with U.S. GAAP as in effect on the Closing Date and without giving effect to any subsequent changes in U.S. GAAP (or the required implementation of any previously promulgated changes in U.S. GAAP) relating to the treatment of a lease as an operating lease or capitalized lease. (b) The calculation of any financial ratios under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-down if there is no nearest number).

  • Monthly Statements Each month we will send you a statement showing purchases, cash advances, payments, and credits made to your Account during the billing cycle, as well as your “New Balance”, any Finance Charge and any late charges. Your statement also will identify the minimum monthly payment you must make for that billing period and the date it is due. You agree to retain for statement verification copies of transaction slips resulting from each purchase, each advance, and other transactions on your Account. Unless you notify us of a billing error in accordance with the section entitled “Your Billing Rights”, you accept your monthly statement as an accurate statement of your Account with us.

  • 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.

  • Interest Rates Payments and Calculations (a) Interest Rate. Except as set forth in Section 2.3(b), or as ------------- specified to the contrary in any Loan Document, any Advances under this Exim Agreement shall bear interest, on the average daily balance, at a rate equal to the Prime Rate per annum.

  • 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.

  • 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.

  • Calculations All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!