Calculation of Reserves Sample Clauses

Calculation of Reserves. Total Reserves (Prior Month-End Proxy) Proxied Daily Reserves
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Calculation of Reserves on the Coinsured Policies on not less than a calendar quarter basis, and otherwise as may reasonably be required by the Company from time to time in order to comply with the Company's financial reporting requirements and obligations.
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Calculation of Reserves. (6) Methods .................................................... (6)
Sample 1
Calculation of Reserves. A. Yield Reserve Percentage (proxied) 0.00 % B. Dilution Reserve Percentage (proxied) 0.00 % C. Loss Reserve Percentage (proxied) 0.00 % D. Dynamic Reserve (B + C) 0.00 % E. Concentration Reserve Percentage (proxied) 0.00 % F. Minimum Dilution Reserve Percentage (proxied) 0.00 % G. Reserve Floor (E + F) 0.00 % Reserve Driver: Total Reserve Percentage 0.00 % (Yield Reserve + Greater of Dynamic Reserve and the Greater of Reserve Floor)
Sample 1
Calculation of Reserves. (As of the most recent Cut-Off Date) Loss Reserve 0.00 % Dilution Reserve 0.00 % Yield Reserve 0.00 % Servicing Reserve 0.00 % Required Reserve Factor Floor 0.00 %
Sample 1
Calculation of Reserves. In the event that a Pending Indemnity Claim has not been Fully Satisfied on or prior to the Final Accounting Date, Seller and Purchaser shall attempt to agree upon an amount (the "Pending Claim Reserve Amount") that represents a reasonable reserve in respect of such Pending Indemnity Claim until such Pending Indemnity Claim is Fully-Satisfied. If Purchaser and Seller are unable to agree on such amount within five Business Days following the Final Accounting Date, they shall jointly appoint the CPA Firm to determine the Pending Claim Reserve Amount. The CPA Firm, acting as experts and not arbitrators, shall review the Claim Notice, the Response Notice and any other written materials submitted by the parties hereunder in respect of such Pending Indemnity Claim, including any Approved Indemnity Payment Notice and shall confer with counsel of its choice regarding the merits of such Pending Indemnity Claim. The CPA Firm shall determine the Pending Claim Reserve Amount based on GAAP and advise of such counsel; provided, however, that in no event shall the Pending Claim Reserve Amount exceed the Claimed Amount less any Approved Indemnity Amount for such Pending Indemnity Claim. Purchaser and Seller shall each pay 50% of the fees and disbursements of the CPA Firm in respect of such engagement (including the reasonable and documented fees and expenses of the CPA-Firm's counsel). Purchaser and Seller shall, and shall cause the Insurance Subsidiaries to, provide to the CPA Firm and its counsel full cooperation. The CPA Firm's written determination (the "CPA Reserve Determination") of the Pending Indemnity Claim Reserve Amount in respect of any Pending Indemnity Claim shall be delivered to Seller and Purchaser no later than 15 days following the engagement of such CPA Firm under this Section 2.12(e) and shall be conclusive and binding upon the parties. Within two Business Days of receipt of the CPA Reserve Determination, or if Seller and Purchaser agree on the Pending Claim Reserve Amount for each Pending Indemnity Claim, promptly following such agreement, Seller and Purchaser shall execute and deliver a certificate (the "Reserve Certificate") to the Escrow Agent which sets forth the aggregate amount (the "Aggregate Reserve Amount") equal to the Pending Indemnity Claim Reserve Amount for each Pending Indemnity Claim as of the Final Accounting Date.
Sample 1
Calculation of Reserves. (a) The Lead Bank shall, after consultation with the Banks, and acting on the instructions of the Majority Banks, decide on the amount of the provision which should be made in respect of unmatured liabilities under the Facilities as soon as practicable after the Enforcement Date for the purpose of creating Reserves for such claims.
Sample 1
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Related to Calculation of Reserves

  • Calculation of Amounts Binding Effect of Interpretations and Actions of Master Servicer...............................

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Determination of Amount In lieu of the payment of the Exercise Price multiplied by the number of Units for which this Purchase Option is exercisable (and in lieu of being entitled to receive Common Stock and Warrants) in the manner required by Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase Option into Units ("Conversion Right") as follows: upon exercise of the Conversion Right, the Company shall deliver to the Holder (without payment by the Holder of any of the Exercise Price in cash) that number of shares of Common Stock and Warrants comprising that number of Units equal to the quotient obtained by dividing (x) the "Value" (as defined below) of the portion of the Purchase Option being converted by (y) the Current Market Value (as defined below). The "Value" of the portion of the Purchase Option being converted shall equal the remainder derived from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of Units underlying the portion of this Purchase Option being converted from (b) the Current Market Value of a Unit multiplied by the number of Units underlying the portion of the Purchase Option being converted. As used herein, the term "Current Market Value" per Unit at any date means the remainder derived from subtracting (x) the exercise price of the Warrants multiplied by the number of shares of Common Stock issuable upon exercise of the Warrants underlying one Unit from (y) the Current Market Price of the Common Stock multiplied by the number of shares of Common Stock underlying the Warrants and the Common Stock issuable upon exercise of one Unit. The "Current Market Price" of a share of Common Stock shall mean (i) if the Common Stock is listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), the last sale price of the Common Stock in the principal trading market for the Common Stock as reported by the exchange, Nasdaq or the NASD, as the case may be; (ii) if the Common Stock is not listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), but is traded in the residual over-the-counter market, the closing bid price for the Common Stock on the last trading day preceding the date in question for which such quotations are reported by the Pink Sheets, LLC or similar publisher of such quotations; and (iii) if the fair market value of the Common Stock cannot be determined pursuant to clause (i) or (ii) above, such price as the Board of Directors of the Company shall determine, in good faith.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Determination of Net Asset Value Section 2. The net asset value per share of each class and each series of Shares of the Trust shall be determined in accordance with the 1940 Act and any related procedures adopted by the Trustees from time to time. Determinations made under and pursuant to this Section 2 in good faith and in accordance with the provisions of the 1940 Act shall be binding on all parties concerned.

  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

  • Calculation of Fees Ameriprise will have sole responsibility, and Ameriprise’s records will provide the sole basis, for calculating fees for which Ameriprise invoices under this Agreement. However, the Issuer Entities may provide records to assist Ameriprise in its calculations.

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

  • 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.

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2019-2) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

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