Income Calculation Sample Clauses

Income Calculation. In the event that TCAC no longer publishes the rent information that this Agreement contemplates that TCAC will publish, the County will provide Borrower with other rent determinations which are reasonably similar with respect to methods of calculation to those previously published by TCAC.
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Income Calculation. On or prior to the Closing, Seller shall calculate the net income before Income Taxes (as calculated in accordance with GAAP) generated by the Business from the Transfer Date to February 28, 1999, which calculation shall be reasonably satisfactory to Buyer. The Purchase Price shall be adjusted on a dollar-for-dollar basis to reflect net income (loss) before Income Taxes (as calculated in accordance with GAAP) for such period. On or prior to the date that is thirty (30) days following the Closing Date, Seller shall calculate the net income before Income Taxes (as calculated in accordance with GAAP) generated by the Business from March 1, 1999 to the Closing Date, which calculation shall be reasonably satisfactory to Buyer. Within five (5) days after Buyer's acceptance of such calculation, either Seller shall pay Buyer an amount equal to any net income before Income Taxes (as calculated in accordance with GAAP) for such period or Buyer shall accept any net (loss) before Income Taxes (as calculated in accordance with GAAP) for such period. For purposes of the calculations required under this Section 5.26, expenses of the Business shall not include, and net income of the Business shall not be reduced by, any payments or accruals in respect of Retained Liabilities and shall not be increased by any revenues related to Excluded Assets.
Income Calculation. The specific method by which income is calculated will depend on the income type and documents provided by the applicant. • For W2 wage earners: The most recent paystubs and W-2 will be obtained to verify income calculations. The underwriter must use the paystub solely if the most current information is more relevant to the file. (i.e. Applicant received a raise or started a new job.) • Variances between the stated and verified income that still qualify for an offer or are less than 20% do not need any additional approval. • For self employed applicants: 1 year tax returns, net monthly (gross minus deductions, adding back non cash deductibles such as depreciation, etc) will be used.
Income Calculation. The Company shall provide all reasonable assistance to the Authority where, in accordance with Clause [ ] of the Project Agreement, the Authority and Contractor seek to agree the Net Income generated from use of the Academy through Third Party use or Community Use.
Income Calculation. Gains and losses on the transfer of listed shares held in custody in the Account shall be calculated in accordance with Article 37-11-3 of the Act (Special cases of income calculation concerning the transfer of listed shares held in custody in the Account), Article 37-11-4 of the Act (Special cases of tax withholding for income earned from the transfer of listed shares held in custody in the Account), Article 13 of the Supplementary Rules to the Act for Partially Revising the Act on Special Measures Concerning Taxation (Law No. 15 of 2002), and related governmental and ministerial ordinances.

Related to Income Calculation

  • Yield Calculation The Bank will compute the performance results of the Fund (the "Yield Calculation") in accordance with the provisions of Release No. 33-6753 and Release No. IC-16245 (February 2, 1988) (the "Releases") promulgated by the Securities and Exchange Commission, and any subsequent amendments to, published interpretations of or general conventions accepted by the staff of the Securities and Exchange Commission with respect to such releases or the subject matter thereof ("Subsequent Staff Positions"), subject to the terms set forth below:

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

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • 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”).

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Pro Forma Calculations Notwithstanding anything to the contrary herein (subject to Section 1.02(j)), the First Lien Net Leverage Ratio, the Total Net Leverage Ratio and the Fixed Charge Coverage Ratio and Consolidated Net Tangible Assets shall be calculated (including for purposes of Sections 2.14 and 2.15) on a Pro Forma Basis with respect to each Specified Transaction occurring during the applicable four quarter period to which such calculation relates, and/or subsequent to the end of such four-quarter period but not later than the date of such calculation; provided that notwithstanding the foregoing, when calculating the First Lien Net Leverage Ratio for purposes of (i) determining the applicable percentage of Excess Cash Flow for purposes of Section 2.05(b), (ii) the Applicable Rate, (iii) the Applicable Commitment Fee and (iv) determining actual compliance (and not Pro Forma Compliance or compliance on a Pro Forma Basis) with the Financial Covenant, any Specified Transaction and any related adjustment contemplated in the definition of Pro Forma Basis (and corresponding provisions of the definition of Consolidated EBITDA) that occurred subsequent to the end of the applicable four quarter period shall not be given Pro Forma Effect. For purposes of determining compliance with any provision of this Agreement which requires Pro Forma Compliance with the Financial Covenant, (x) in the case of any such compliance required after delivery of financial statements for the fiscal quarter ending on or about June 30, 2014, such Pro Forma Compliance shall be determined by reference to the maximum First Lien Net Leverage Ratio permitted for the fiscal quarter most recently then ended for which financial statements have been delivered (or were required to have been delivered) in accordance with Section 6.01, or (y) in the case of any such compliance required prior to the delivery referred to in clause (x) above, such Pro Forma Compliance shall be determined by reference to the maximum First Lien Net Leverage Ratio permitted for the fiscal quarter ending June 30, 2014. With respect to any provision of this Agreement (other than the provisions of Section 6.02(a) or Section 7.08) that requires compliance or Pro Forma Compliance with the Financial Covenant, such compliance or Pro Forma Compliance shall be required regardless of whether the Lux Borrower is otherwise required to comply with such covenant under the terms of Section 7.08 at such time. For purposes of making any computation referred to above:

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

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