{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "interest-due", "type": "clause", "offset": [0, 12]}, {"key": "loan-shall", "type": "definition", "offset": [20, 30]}, {"key": "in-arrears", "type": "definition", "offset": [39, 49]}, {"key": "based-on", "type": "definition", "offset": [62, 70]}, {"key": "actual-number-of-days", "type": "clause", "offset": [103, 124]}, {"key": "partial-month", "type": "definition", "offset": [150, 163]}], "snippet": "Interest due on the Loan shall be paid in arrears, calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.", "samples": [{"hash": "kIPYxgts5RS", "uri": "/contracts/kIPYxgts5RS#calculation-basis", "label": "Loan Agreement (Cole Credit Property Trust V, Inc.)", "score": 25.8651599884, "published": true}, {"hash": "4SYbzcERpiN", "uri": "/contracts/4SYbzcERpiN#calculation-basis", "label": "Loan Agreement (Cole Credit Property Trust V, Inc.)", "score": 25.8651599884, "published": true}, {"hash": "3WTdqzNlcGF", "uri": "/contracts/3WTdqzNlcGF#calculation-basis", "label": "Loan Agreement (Independence Realty Trust, Inc)", "score": 25.188911438, "published": true}], "size": 11, "hash": "d860f033144c76c901f963feaca115ac", "id": 1}, {"snippet_links": [{"key": "interest-and-fees", "type": "clause", "offset": [4, 21]}, {"key": "the-finance-documents", "type": "clause", "offset": [28, 49]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [62, 88]}, {"key": "the-commitment-fee", "type": "clause", "offset": [90, 108]}, {"key": "fee-payable", "type": "clause", "offset": [117, 128]}, {"key": "fee-letter", "type": "definition", "offset": [139, 149]}, {"key": "basis-of", "type": "clause", "offset": [209, 217]}, {"key": "actual-number-of-days", "type": "clause", "offset": [222, 243]}, {"key": "a-year", "type": "definition", "offset": [257, 263]}, {"key": "comprised-of", "type": "definition", "offset": [264, 276]}], "snippet": "All interest and fees under the Finance Documents (including, for the avoidance of doubt, the Commitment Fee and any fee payable under any Fee Letter, and excluding any \u201cflat\u201d fees) shall be calculated on the basis of the actual number of days elapsed over a year comprised of three hundred and sixty (360) days.", "samples": [{"hash": "1xCplrCsht8", "uri": "/contracts/1xCplrCsht8#calculation-basis", "label": "Fifth Amendment and Restatement Agreement (Royal Caribbean Cruises LTD)", "score": 32.1540031433, "published": true}, {"hash": "jDucNLU7oOS", "uri": "/contracts/jDucNLU7oOS#calculation-basis", "label": "Credit Agreement (Royal Caribbean Cruises LTD)", "score": 31.3572902679, "published": true}, {"hash": "4fGHPIZiq5d", "uri": "/contracts/4fGHPIZiq5d#calculation-basis", "label": "Credit Agreement (Royal Caribbean Cruises LTD)", "score": 30.1457901001, "published": true}], "size": 10, "hash": "d818f75456c7aa2e8e85413871330c3b", "id": 2}, {"snippet_links": [{"key": "the-tariff", "type": "definition", "offset": [0, 10]}, {"key": "from-the-service-provider", "type": "clause", "offset": [71, 96]}, {"key": "a-non", "type": "clause", "offset": [135, 140]}, {"key": "users-of-the", "type": "clause", "offset": [171, 183]}, {"key": "broadcast-service", "type": "definition", "offset": [232, 249]}, {"key": "in-accordance-with", "type": "definition", "offset": [250, 268]}, {"key": "the-requirements", "type": "clause", "offset": [269, 285]}, {"key": "tariff-model", "type": "definition", "offset": [342, 354]}, {"key": "basis-of", "type": "clause", "offset": [374, 382]}, {"key": "without-limitation", "type": "clause", "offset": [407, 425]}, {"key": "costs-of", "type": "definition", "offset": [439, 447]}, {"key": "per-year", "type": "definition", "offset": [533, 541]}, {"key": "the-content", "type": "clause", "offset": [545, 556]}, {"key": "calculation-of-the", "type": "clause", "offset": [604, 622]}, {"key": "based-on", "type": "definition", "offset": [653, 661]}, {"key": "the-total", "type": "clause", "offset": [778, 787]}, {"key": "type-of", "type": "definition", "offset": [889, 896]}, {"key": "during-the-term", "type": "clause", "offset": [945, 960]}, {"key": "period-from", "type": "definition", "offset": [1017, 1028]}, {"key": "march-2019", "type": "clause", "offset": [1052, 1062]}, {"key": "reasonably-believes", "type": "definition", "offset": [1185, 1204]}, {"key": "pro-rata-basis", "type": "clause", "offset": [1310, 1324]}], "snippet": "The Tariff charged to each Client is calculated so that the full costs from the Service Provider are recovered (including a return) on a non-discriminatory basis from all users of the DTT Multiplexing, Distribution and Transmission Broadcast Service in accordance with the requirements of ComReg Decision D11/13. Tariffs are derived from the Tariff Model constructed on the basis of assumptions as regards, without limitation, the overall costs of the Service Provider and/or the number, types and total average bit rate consumption per year of the Content Transport Streams. Using the Tariff Model, the calculation of the Tariff charged to a Client is based on:\n(i) the relative consumption of the multiplexes\u2019 bitrate by a Client's Content Transport Stream(s) (as compared to the Total Content Transport Stream(s));\n(ii) a cost per kbps, derived from the actual and estimated number and type of Content Transport Streams using the multiplexes during the Term; and\n(iii) The smoothing of the Tariff over a five year period from 1st April 2014 to 31st March 2019 (\u201cthe Smoothing Period\u201d) on the basis of the level of new or enhanced Content Transport Streams that the Service Provider reasonably believes will be contracted for during the Smoothing Period, with the Tariff being smoothed over such period on a pro rata basis of such estimates.", "samples": [{"hash": "l5IZqaiMC4a", "uri": "/contracts/l5IZqaiMC4a#calculation-basis", "label": "DTT Multiplexing Services Agreement", "score": 28.0771102905, "published": true}, {"hash": "1crc37bhfH2", "uri": "/contracts/1crc37bhfH2#calculation-basis", "label": "DTT Multiplexing Services Agreement", "score": 26.2321243286, "published": true}, {"hash": "3WZMVcbJNPj", "uri": "/contracts/3WZMVcbJNPj#calculation-basis", "label": "DTT Multiplexing Services Agreement", "score": 24.1498966217, "published": true}], "size": 3, "hash": "6c46f9816a46e9c8704ded49fd6ccf30", "id": 3}, {"snippet_links": [{"key": "submitted-by", "type": "definition", "offset": [41, 53]}, {"key": "sales-representative", "type": "definition", "offset": [54, 74]}, {"key": "the-product", "type": "definition", "offset": [90, 101]}, {"key": "existing-service", "type": "definition", "offset": [194, 210]}, {"key": "the-sales", "type": "definition", "offset": [294, 303]}, {"key": "this-exhibit", "type": "definition", "offset": [433, 445]}, {"key": "associated-with", "type": "definition", "offset": [478, 493]}], "snippet": "Ameritech will pay commissions on a sale submitted by Sales Representative based upon:\na) The Product sold.\nb) Whether the sale is deemed by Ameritech to be: (i) a New sale or an addition to an existing service; (ii) a Recast, Renewal or Renegotiation; (iii) a Migration or Upgrade;\nc) Whether the Sales Representative is the sole sales entity or if the sale is the result of an approved Partnering sale as provided for elsewhere in this Exhibit; and,\nd) The order(s) which are associated with the sale are Completed Orders.", "samples": [{"hash": "cnaxDC4CfYp", "uri": "/contracts/cnaxDC4CfYp#calculation-basis", "label": "Authorized Internet Solutions Sales Representative Agreement (Telecomm Industries Corp)", "score": 18.0, "published": true}], "size": 3, "hash": "f22c3116ab46ba0c6191b37a41bb1dfc", "id": 4}, {"snippet_links": [{"key": "guarantee-commission", "type": "definition", "offset": [0, 20]}, {"key": "basis-of", "type": "clause", "offset": [66, 74]}, {"key": "actual-number-of-days", "type": "clause", "offset": [79, 100]}], "snippet": "Guarantee Commission for each Guarantee will be calculated on the basis of the actual number of days elapsed and a 360 day year.", "samples": [{"hash": "bUvVaX9DUCN", "uri": "/contracts/bUvVaX9DUCN#calculation-basis", "label": "Guarantee Facility Agreement (T-Mobile US, Inc.)", "score": 28.1211490631, "published": true}, {"hash": "70CWXUtRiY1", "uri": "/contracts/70CWXUtRiY1#calculation-basis", "label": "Guarantee Facility Agreement (T-Mobile US, Inc.)", "score": 26.1334705353, "published": true}], "size": 2, "hash": "2b20699cd5c4bfb9f686f0aeacf0b7d8", "id": 5}, {"snippet_links": [{"key": "interest-due", "type": "clause", "offset": [0, 12]}, {"key": "loan-shall", "type": "definition", "offset": [20, 30]}, {"key": "interest-accrual-period", "type": "definition", "offset": [48, 71]}, {"key": "based-on", "type": "definition", "offset": [84, 92]}, {"key": "actual-number-of-days", "type": "clause", "offset": [125, 146]}, {"key": "partial-month", "type": "definition", "offset": [172, 185]}], "snippet": "Interest due on the Loan shall be paid for each Interest Accrual Period, calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.", "samples": [{"hash": "8spgEMEGZ6Y", "uri": "/contracts/8spgEMEGZ6Y#calculation-basis", "label": "Loan Agreement (Macquarie Infrastructure CO LLC)", "score": 21.0, "published": true}, {"hash": "9FvwwFCuPtN", "uri": "/contracts/9FvwwFCuPtN#calculation-basis", "label": "Loan Agreement (Macquarie Infrastructure CO LLC)", "score": 18.0, "published": true}], "size": 2, "hash": "38c44a6c24bb7a953597225b568f43f4", "id": 6}, {"snippet_links": [{"key": "basis-of", "type": "clause", "offset": [62, 70]}, {"key": "a-year", "type": "definition", "offset": [71, 77]}, {"key": "actual-number-of-days", "type": "clause", "offset": [102, 123]}], "snippet": "Interest shall accrue from day to day, and be computed on the basis of a year of 360 days and for the actual number of days elapsed.", "samples": [{"hash": "a2hDjDA49lf", "uri": "/contracts/a2hDjDA49lf#calculation-basis", "label": "Committed Revolving Credit Facility (Century Aluminum Co)", "score": 25.1971244812, "published": true}, {"hash": "f8aV0of4BJ5", "uri": "/contracts/f8aV0of4BJ5#calculation-basis", "label": "Loan Agreement (Bonus Stores Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "30b2304b26f65bd5eb4c59125942bb80", "id": 7}, {"snippet_links": [{"key": "syndicate-member", "type": "definition", "offset": [7, 23]}, {"key": "to-submit", "type": "definition", "offset": [32, 41]}, {"key": "in-accordance-with", "type": "definition", "offset": [58, 76]}, {"key": "the-article", "type": "definition", "offset": [77, 88]}, {"key": "the-agent-bank", "type": "clause", "offset": [157, 171]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [259, 281]}], "snippet": "If any Syndicate Member intends to submit any requirement in accordance with the Article 16.2, Article 16.3 and Article 16.4 hereof, it shall give notice to the Agent Bank specifying the specific basis for amount calculation. The Agent Bank shall give prompt notice to the Borrower immediately following receiving such notice.", "samples": [{"hash": "7VWzNa2Dwiy", "uri": "/contracts/7VWzNa2Dwiy#calculation-basis", "label": "Syndicated Loan Agreement", "score": 29.3408622742, "published": true}, {"hash": "2gwTTFxBiug", "uri": "/contracts/2gwTTFxBiug#calculation-basis", "label": "Syndicated Loan Agreement (Daqo New Energy Corp.)", "score": 21.327173233, "published": true}], "size": 2, "hash": "8127be5496fb9c6c00b8e43009d348c4", "id": 8}, {"snippet_links": [{"key": "the-bonus", "type": "definition", "offset": [0, 9]}, {"key": "applicable-to", "type": "definition", "offset": [42, 55]}, {"key": "the-policy", "type": "definition", "offset": [151, 161]}, {"key": "modification-of", "type": "clause", "offset": [280, 295]}, {"key": "bonus-system", "type": "clause", "offset": [320, 332]}, {"key": "in-the-event-of", "type": "clause", "offset": [353, 368]}, {"key": "insured-vehicle", "type": "clause", "offset": [393, 408]}], "snippet": "The Bonus/Malus coefficients are directly applicable to the basic commercial premium net of any surcharges and discounts. When alterations are made to the policy which give rise to the alteration of the commercial premium, the bonus must always be corrected concurrently with the modification of the premium. The policy bonus system shall be maintained in the event of the substitution of the insured vehicle by a vehicle of an equivalent or lower category.", "samples": [{"hash": "3eYNBC1yIhw", "uri": "/contracts/3eYNBC1yIhw#calculation-basis", "label": "Car Insurance Agreement", "score": 21.3353862762, "published": true}], "size": 1, "hash": "db69ac72f71aa9e1623ee2270ba6d861", "id": 9}, {"snippet_links": [{"key": "interest-due", "type": "clause", "offset": [0, 12]}, {"key": "loan-shall", "type": "definition", "offset": [20, 30]}, {"key": "note-a", "type": "clause", "offset": [65, 71]}, {"key": "conversion-notes", "type": "definition", "offset": [80, 96]}, {"key": "based-on", "type": "definition", "offset": [98, 106]}, {"key": "in-arrears", "type": "definition", "offset": [127, 137]}, {"key": "actual-number-of-days", "type": "clause", "offset": [155, 176]}, {"key": "partial-month", "type": "definition", "offset": [202, 215]}, {"key": "note-b", "type": "definition", "offset": [279, 285]}, {"key": "interest-accrual-period", "type": "definition", "offset": [296, 319]}], "snippet": "Interest due on the Loan shall be calculated (i) with respect to Note A and the Conversion Notes, based on a 360-day year paid in arrears and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated and (ii) with respect to Note B, for each Interest Accrual Period, calculated based on a 360-day year and paid for the actual number of days elapsed for any whole or partial month in which interest is being calculated.", "samples": [{"hash": "4zkq79TeES1", "uri": "/contracts/4zkq79TeES1#calculation-basis", "label": "Loan Agreement (Resource Real Estate Opportunity REIT, Inc.)", "score": 22.1663246155, "published": true}], "size": 1, "hash": "10e78a591c0863fd28252a151758112f", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpjYWxjdWxhdGlvbi1iYXNpcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Calculation Basis", "parents": [["calculation-of-interest", "Calculation of Interest"], ["repayments-prepayments-interest-and-fees", "Repayments Prepayments Interest and Fees"], ["the-banks-and-financial-institutions", "THE BANKS AND FINANCIAL INSTITUTIONS"], ["maximum-loan-amount-payment-terms-advances", "Maximum Loan Amount Payment Terms Advances"], ["tariff-calculation-principles", "Tariff Calculation Principles"]], "children": [], "size": 43, "id": "calculation-basis", "related": [["calculation-dates", "Calculation Dates", "Calculation Dates"], ["calculation", "Calculation", "Calculation"], ["payment-calculation", "Payment Calculation", "Payment Calculation"], ["interest-rates-payments-and-calculations", "Interest Rates Payments and Calculations", "Interest Rates Payments and Calculations"], ["calculation-of-amounts", "Calculation of Amounts", "Calculation of Amounts"]], "related_snippets": [], "updated": "2026-06-09T05:48:27+00:00", "also_ask": ["What negotiation leverage can be gained by defining or leaving ambiguous the calculation basis?", "Which essential elements must be included to ensure the calculation basis is clear and enforceable?", "What are the most common pitfalls or risks in drafting calculation basis clauses?", "How do calculation basis standards differ across jurisdictions or industry norms?", "What evidentiary standards do courts apply when interpreting disputed calculation basis provisions?"], "drafting_tip": "Specify the calculation method, define all variables, and state applicable timeframes to ensure accuracy, prevent disputes, and facilitate enforceability.", "explanation": "The Calculation Basis clause defines the specific method or formula used to determine amounts payable or receivable under a contract. It typically outlines the variables, rates, or indices to be used in calculations, such as interest rates, currency exchange rates, or pricing formulas, and may specify the timing and source of data for these calculations. By clearly establishing how financial or quantitative terms are computed, this clause ensures transparency and consistency, reducing the risk of disputes over payment amounts or contract performance."}, "json": true, "cursor": ""}}