Calculated Sample Clauses
The "Calculated" clause defines how specific values or amounts are determined within the context of an agreement. It typically outlines the formula, method, or criteria to be used when computing figures such as payments, interest, or damages. For example, it may specify that interest is calculated daily based on a set rate, or that compensation is determined by multiplying a certain rate by the number of units delivered. This clause ensures transparency and consistency in financial or quantitative determinations, reducing the risk of disputes over how amounts are derived.
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Calculated i) By the Generating Facility’s control system for all Generating Facility Wind Turbines; and
ii) In a manner consistent with the method prescribed by the Wind Turbine manufacturer.
Calculated. Interest shall be calculated on the basis of actual days elapsed assuming a 360 day year consisting of twelve 30-day months.