Examples of Calculation Notice in a sentence
In the event that the proceeds of the transaction giving rise to the obligation to pay Net Proceeds Share are comprised, in whole or in part, of assets other than cash, then the cash payment of the Net Proceeds Share shall reflect the fair market value of such non-cash assets as of the date of the Change of Ownership, which shall be set forth in the Calculation Notice.
As an example, the IPA Deferred Payment Calculation Notice issued by IPA on February 25, 2022 indicates a positive ABP Deferral Percentage value for the month of March 2022.
Each Calculation Notice shall contain such detail as may be reasonably requested by County to verify the calculation of the Net Proceeds Share.
If County disagrees with the amounts set forth in the Calculation Notice, County shall provide Lessee with the reason or reasons for such disagreement.
Any Payment Amounts and/or an Early Redemption Amount payable shall be paid by the Issuer to the account of the Certificate Holder denominated in pounds sterling as notified by the relevant Certificate Holder to the Issuer or pursuant to a Calculation Notice subsequently given to the Issuer by the Certificate Holder no later than four(4) Business Days prior to the relevant Payment Date, as applicable.