Calculated Amount definition
Calculated Amount means the difference between (i) the actual payment made by each Class Member during the period in which the Class Member was enrolled in a Viridian variable rate electricity and/or gas plan during the Class Period based on Viridian’s records (or reasonable, good-faith estimates where records are incomplete or anomalous), and (ii) the amount the Class Member would have paid during that same period if the Class Member paid the relevant public utility Price to Compare (“PTC”), plus one cent ($0.01) per kilowatt hour/therm, plus a twenty percent (20%) margin. The one-cent ($0.01) addition reflects an estimated average premium charged by public utilities for green energy.
Calculated Amount is the difference between the (i) actual payment made by each Class Member during the period in which the Class Member was enrolled in a Viridian variable rate electricity and/or gas plan during the Class Period based on Viridian’s records (or reasonable, good-faith estimates where records are incomplete or inconsistent), and (ii) amount the Class Member would have paid during that same period if the Class Member paid the Price to Compare (“PTC”), plus one cent ($0.01) per kilowatt hour/therm, plus a 20% margin. The PTC is a good faith estimate of the price that the customer’s relevant public utility would Exhibit B –Viridian Settlement Agreement Long Form Notice for Average Usage Class have charged for the supply portion of the electric or gas service, based on reasonably available information. The PTC will be based on a weighted average price per therm or kilowatt hour charged by the relevant public utility for the duration of the period in which the Class Member was enrolled in a Viridian variable rate electricity and/or natural gas plan during the Class Period. The one- cent addition reflects an estimated average premium charged by public utilities for green energy.
Calculated Amount means the quotient, rounded down to the nearest whole number, of (i) $1,000,000 divided by (ii) the Conversion Price.
Examples of Calculated Amount in a sentence
The costs of “no-shows” (occurring when a HCP fails to attend a meeting they were supposed to) - Two situations can occur:1 Ipsen booked and paid in advance for a forecasted number of HCPs/HCOs- Calculated Amount = (Actual cost / Forecasted number of attendees, including Ipsen staff and non HCP attendees)- Disclosure: Calculated Amount, disclosed on actual attendees- Example: Ipsen has paid in advance 100€ for 8 HCPs and 2 Ipsen staff.
The costs of “no-shows” (occurring when an HCP fails to attend a meeting they were supposed to) - Two situations can occur:1 Ipsen booked and paid in advance for a forecasted number of HCPs/HCOs- Calculated Amount = (Actual cost / Forecasted number of attendees, including Ipsen staff and non-HCP attendees)- Disclosure: Calculated Amount, disclosed on actual attendees- Example: Ipsen has paid in advance 100€ for 8 HCPs and 2 Ipsen staff.
Furthermore, the Calculated Amount shall not vest unless the Section 4(a) and 4(b) Vesting Requirements are satisfied, or except as provided under Section 5 of this Agreement.
The Calculated Amount shall vest on the Vesting Date, as more fully described in Part III of the Agreement Cover Page.
Class Members shall be entitled to a cash payment equal to the greater of Five Dollars ($5.00) or 65% of the Calculated Amount (“Average Usage Benefit”).
More Definitions of Calculated Amount
Calculated Amount has the meaning set forth in Section 8.3 hereof.
Calculated Amount means an amount calculated in accordance with subsection 42(4);
Calculated Amount means, with respect to any Class B Member, and at any time of determination, (other than as set forth in the last sentence of this definition), $*****, minus (a) all cash flows distributed to the Class B Member by the Company, minus (b) the tax savings from tax losses or deductions allocated to the Class B Member including tax savings that have accrued in any Tax Year but have not yet been paid , minus (c) all other cash flows distributed or paid by the Company, the Class A Member or otherwise, to the Class B Member (including proceeds of the Cash Grant) and any other distributions under Section 6.1 of the Company LLC Agreement), minus (d) any indemnity payments made by the Class A Member to the Class B Members that compensate for loss of any item listed in the foregoing clauses (a), (b), and (c), plus (e) the tax detriment from any taxable income or gain allocated to the Class B Member by the Company and any gain recognized by the Class B Member pursuant to section 731(a) of the Code, including any tax detriment or tax gain that have accrued in any Tax Year but have not yet been paid, minus (f) the tax savings from the Utah PTCs allocated to the Class B Member (without duplication of any amounts already accounted for in clause (b) hereof), plus (g) the Total Equity Capital Contribution Amount. Notwithstanding the previous sentence, in the event the Calculated Amount is being determined concurrently with the sale of the Project by the Project Company to SCPPA pursuant to section 2.5(h) of the PPA, the figure “$*****” in the previous sentence shall be reduced (but not below zero) so that, when all distributions and allocations to the Class B Member under ARTICLE V, VI or X, as the case may be, are accounted for as of the date of such sale, the sum of all items in clauses (a) through (f) after subtracting the Total Equity Capital Contribution Amounts is not greater than $***** in the aggregate; provided, however, that the adjustment in this sentence shall not result in the Class B Member receiving aggregate distributions and allocations pursuant to the LLC Agreement in an amount less than 5% of the total distributions and allocations under the LLC Agreement, when measured from the Initial Closing Date through the date on which the Project is sold to SCPPA. The Calculated Amount will be calculated using the assumptions and conventions described in Section 6.6 of the Company LLC Agreement (including the Fixed Tax Assumptions).
Calculated Amount means the amount of a particular BD Fee payable to a particular Broker-Dealer calculated by XxxXxx from Source Data on the basis of Parameter values set by the Client and without reference to any Invoice.
Calculated Amount means the fair market value of all Forest Securities beneficially owned by High River and its subsidiaries (which, for the avoidance of doubt, do not include the Excluded Securities) on the Final Date (as determined by High River). For this purpose the “fair market value” of one share of Forest common stock shall mean and be equal to, the average closing price of Forest common stock on the primary market on which such common stock is traded on the 20 trading days immediately prior to the Final Date (such average to be determined by adding together all 20 such closing prices and dividing by 20).
Calculated Amount means the pro rata number of the Buyer's Common Stock owned by each Seller, which pro rata number shall be determined by multiplying the fraction with each Seller's Common Stock as the numerator and the total number of Sellers' Common Stock as the denominator outstanding as of the Closing times the Purchase Price. "Closing" has the meaning set forth in Section 2.5 below. "Closing Date" has the meaning set forth in Section 2.5 below. "Closing Financial Statements" has the meaning set forth in Section 6.6 below. "Code" means the Internal Revenue Code of 1986, as amended. "Competitive Business" has the meaning set forth in Section 5.14(a) below. "Confidential Information" means any information concerning the Business and affairs of each of the Acquired Company that is not already generally available to the public. "Contract" means any contract, lease, commitment, understanding, sales order, purchase order, agreement, indenture, mortgage, note, bond, right, warrant, instrument, plan, permit or license, whether written or oral, which is intended or purports to be binding and enforceable. "Directors" shall mean all of the members of the Board of Directors of the Acquired Company. "Divestiture" shall mean the planned sale and divestiture of all of the asset's and business of the Buyer to the Buyer's two existing officers and directors immediately following the close of this Transaction. Under the terms of the Divestiture, the Buyer intends to sell and transfer all of its existing assets and business to its two existing officers and directors in exchange for the return to the Buyer, of certain shares of the Buyer's common stock previously issued and owned by an the Buyer's President and Chairman, Xxxxx Xxxxxx. "Environmental Laws" mean all federal, state, local and foreign statutes, regulations, ordinances and other provisions having the force or effect of law, all judicial and administrative orders and determinations, all contractual obligations and all common law concerning public health and safety, worker health and safety, and pollution or protection of the environment including, without limitation, all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, or cleanup of any Hazardous Substances, materials or wastes, chemical substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals, pet...
Calculated Amount means (i) the Company Closing Cash, plus (ii) the Company Net Working Capital Surplus (if any), minus (iii) Company Closing Debt, minus (iv) and Company Net Working Capital Shortfall (if any). If the Calculated Amount as finally determined pursuant to Section 2.4(a), Section 2.4(c) and/or Section 2.4(d), as the case may be (the “Final Calculated Amount”), is less than the Calculated Amount as determined based on the Company Closing Financial Certificate (such difference, the “Final Shortfall”), the Final Shortfall shall be recovered by Parent from the Escrow Fund. A joint written instruction setting forth the Final Shortfall to be paid to Parent shall be prepared, signed by Parent and the Representative and delivered to the Escrow Agent. Upon receipt of such instruction, the Escrow Agent shall distribute to Parent an amount of cash from the Escrow Fund in accordance with the terms of such joint written instruction.