Lesser of definition
Examples of Lesser of in a sentence
CAISO Facility Monthly Billed Fuel Cost ($) = Lesser of CAISO Facility Cumulative Actual Fuel Cost ($) or CAISO Facility Cumulative Cap Fuel Cost ($) – CAISO Facility Cumulative Billed Fuel Cost ($) Where: The CAISO Facility Cumulative Actual Fuel Cost is the sum of all CAISO Unit Monthly Actual Fuel Costs for all Units at the Facility since the start of the Contract Year, including the current Month.
Under this method, for a given year, the Performance Fee for a portfolio shall be calculated pursuant to the following formula: Performance Fee = Lesser of Fee A or Fee B, where: Fee A = 25% of the profits in excess of the % hurdle rate during the year, calculated under the HRM described in Type I above.
If the flat rate exceeds the expenses eligible for reimbursement, then, based on the Lesser of Methodology, the maximum 12b-1 fee amount accrued for such Class is applied on a going forward basis to reflect the actual amount of expenses eligible for reimbursement for the prior quarter.
The Lesser of Methodology shall be determined and applied on a quarterly basis by computing the amount of actual fees and expenses accrued during the prior quarter (for each share class of each Fund) that were eligible to be paid under Section 3 of the Plan (i.e., the “expenses eligible for reimbursement”) and comparing that amount to the flat rate for the applicable Class.
Under this method, for a given year, the Performance Fee and Asset management Fee for a portfolio shall be calculated pursuant to the following formula: Performance Fee = Lesser of Fee A or Fee B, where: Fee A = 25% of the profits in excess of an annual hurdle rate (typically around 6%) during the year, calculated under the HRM described in Type I above.
Lesser of RX copay or office visit copay Lesser of RX copay or office visit copay Lesser of RX copay or office visit copay Durable Medical Equipment and Supplies Must be deemed medically necessary.
Lesser of RX copay or office visit copay Lesser of RX copay or office visit copay Lesser of RX copay or office visit copay Diabetic - Insulin RX copay RX copay RX copay Diabetic Supplies Test strips, needles, etc.
E quation C1-1 CAISO Facility Monthly Billed Fuel Cost ($) = Lesser of CAISO Facility Cumulative Actual Fuel Cost ($) or CAISO Facility Cumulative Cap Fuel Cost ($) – CAISO Facility Cumulative Billed Fuel Cost ($) Where: The CAISO Facility Cumulative Actual Fuel Cost is the sum of all CAISO Unit Monthly Actual Fuel Costs for all Units at the Facility since the start of the Contract Year, including the current Month.
Lesser of $50, OR the total amount of unauthorized EFTs that occur before notice to us.
Policy Loan Interest Rate 6.00% Preferred Loan Interest Rate 4.00% Guaranteed Interest Rate Credited to Loan Division 4.00% Minimum Loan Amount $100 Maximum Loan Amount See Loan Provisions section Minimum Partial Withdrawal Amount $100 Maximum Partial Withdrawal Amount Amount which will leave $500 as the net cash surrender value Partial Withdrawal Service Fee Lesser of $25 or 2% of the withdrawal amount for each withdrawal in a policy year Limit on Partial Withdrawals Twelve (12) in a policy year.