ADJUSTMENTS TO DETERMINATION OF INITIAL LIABILITY Sample Clauses

ADJUSTMENTS TO DETERMINATION OF INITIAL LIABILITY. The City’s culpability factor is 1. This value is based on the following: The City is responsible for the proper operation and maintenance of its collection system. It could have prevented the SSOs caused by root blockages with a more effective Root Foaming Program. The City’s actions or inactions that resulted in these alleged violations were not negligent or intentional. The City’s cleanup and cooperation factor is 1. This value is based on the following: Once an SSO reaches surface waters, flows can carry the discharge downstream making it difficult to contain and recover the waste. The City was notified of and responded to each SSO in 30 minutes or less of becoming aware of the SSO. As stated above, the City recovered a total of approximately 10,100 gallons (or 14 percent) from its responses to the four SSOs. The City’s history of violations factor is 1.2. This value is based on the following: From February 1, 2007, through July 16, 2010, the Discharger self-reported approximately 522 SSOs. In the early 1980’s, the Discharger had many SSOs during wet weather, which indicated insufficient collection system capacity. As a result, the Regional Water Board issued to the Discharger Cease and Desist Order (CDO) No. 86- 17 on March 19, 1986, which was subsequently superseded by CDO No. 93-134 on October 20, 1993. CDO No. 93-134 was recently superseded by CDO No. R2-2009-0087 on November 18, 2009. The City has completed 87 percent of the sewer collection system infrastructure improvements, replacements, and repair required by these orders and the EPA Administrative Order referenced above. In addition, the City is on schedule to complete all of the projects required by these orders and the EPA Administrative Order by June 30, 2014. The City has also made significant improvements in its reporting systems in accordance with the Regional Water Board’s reporting policies and procedures.
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Related to ADJUSTMENTS TO DETERMINATION OF INITIAL LIABILITY

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  • CERTIFICATION OF INDEPENDENT PRICE DETERMINATION By submission of this bid, the Bidder certifies, and in the case of a joint bid each party thereto certifies as to its own organization, that in connection with this procurement:

  • Determination of One-Month LIBOR Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. “One-Month LIBOR” will be determined by using the “Interest Settlement Rate” for U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate. If ICE no longer sets an Interest Settlement Rate, Freddie Mac will designate an alternative index that has performed, or that Freddie Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.

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  • 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.

  • Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:

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  • Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender If Lender required Mortgage Insurance as a condition of making the Loan, Borrower will pay the premiums required to maintain the Mortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, and (i) the Mortgage Insurance coverage required by Lender ceases for any reason to be available from the mortgage insurer that previously provided such insurance, or (ii) Lender determines in its sole discretion that such mortgage insurer is no longer eligible to provide the Mortgage Insurance coverage required by Lender, Borrower will pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Xxxxxx. If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use, and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve will be non-refundable, even when the Loan is paid in full, and Lender will not be required to pay Borrower any interest or earnings on such loss reserve. Lender will no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender’s requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 11 affects Borrower’s obligation to pay interest at the Note rate.

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