Calculation Procedure. Average Daily Balance + Clearance Pattern: I = {ADB x R} + {P x r x T}, where I = State's total interest liability ADB = Average Daily Balance of cash in a program's account, measured from deposit to clearance R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year P = Total annual expenditures of Federal funds for program or component cash flow of program r = R/365 days T = Dollar-weighted average day of clearance, as determined by the appropriate clearance pattern in Exhibit II
Calculation Procedure. Average Daily Balance: I = ADB x R, where I = State's total interest liability ADB = Average Daily Balance of cash in a program's account, measured from deposit to clearance R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year
Calculation Procedure. The State's interest liability for all programs except those described in 10.4, 10.5, 10.6, 10.7, 10.8, 10.9 shall be calculated by applying the following formula: Pre-Issuance Time + Clearance Time I = P x r x (PI + CT) where I= State's total interest liability for direct program expenditures P= Total annual expenditures of Federal Funds for direct program expenditures subject to pre-issuance interest calculation. r= Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year divided by 365 days. PI= Number of days Federal funds are held by State prior to warrant issuance CT= Dollar-weighted average number of days Federal funds are held by State between issuance and clearance of warrants, as determined by the appropriate clearance pattern in Exhibit II
Calculation Procedure. The basic formula for calculating interest liabilities shall be: 1/365 times the annualized 13-week Treasury Xxxx rate times the number of whole days as determined above, times the dollar amount of the transaction.
Calculation Procedure. Interest liability for each program shall be calculated by applying the following formula: Net Daily Balance I = NDB X R where I = State or Federal Government's total interest liability NDB = Net Daily Balance of cash in a program's account R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during the State's fiscal year. The interest liability calculations shall be based on whole days.
Calculation Procedure. Standard calculation F(g(x)) , where Δx ≦ 0.001
Calculation Procedure. Standard calculation F(x) , where Δx ≦ 0.001 η(ja) η(lg(ja)) η(jc) η(lg(jc))
Calculation Procedure. Within 15 days following the filing of each Form 10-Q and Form 10-K during the Earn-Out Period, Purchaser shall prepare and deliver to the Securityholders’ Representative a statement (the “Adjusted EBITDA Statement”), which has been approved by a majority of the disinterested members of Purchaser’s Board of Directors, setting forth the Adjusted EBITDA of Purchaser. If an Adjusted EBITDA Threshold has been satisfied, as determined based on the Adjusted EBITDA Statement, then the Purchaser shall further include with the Adjusted EBITDA Statement a statement whether the corresponding Trading Price Threshold with respect to an Earn-Out Tranche has been satisfied. In the event that an Earn-Out Tranche is determined to be due and payable, then, subject to Section 9.4(a), no later than 10 days following delivery of the Adjusted EBITDA Statement, Purchaser shall pay the applicable Earn-Out Tranche in accordance with Section 2.15(c) above.
Calculation Procedure. Pre-Issuance Time + Clearance Time: I = P x r x {PI + CT}, where I = State's total interest liability P = Total annual expenditures of Federal funds for program or component cash flow of program r = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year divided by 365 days PI = Dollar-weighted average number of days Federal funds are held by State prior to issuance CT = Dollar-weighted average number of days Federal funds are held by State between issuance and clearance of checks, as determined by the appropriate clearance pattern in Exhibit II
Calculation Procedure. Segment A: The Time of the recording of the receipt by the Comptroller to the issuance of the warrant. [Average Daily Balance] * [Interest Rate] Segment B: The time from the issuance of the warrant to the presentation of the warrant to the Treasury for payment. ([Program Total] - [CMIA Covered Share of EFT]) * [Payroll % of Warrants] * [Interest Rate] * [Payroll Average Clearance Pattern/365] AND ([Program Total] - [CMIA Covered Share of EFT]) * [Non-Payroll % of Warrants] * [Interest Rate] * [Non- Payroll Average Clearance Pattern/365] Interest Liability = Segment A + Segment B 8.8.0 Where applicable, Sections 8.2, 8.4, and 8.6, including all subsections, shall only apply to programs operated by the Illinois Department of Healthcare and Family Services. Note: The CMIAS system is currently set up so that sections 8.2, 8.4, and 8.6 apply to the entire agreement. The State of Illinois, however, allows each state agency to manage their Federal funds independently, which means that the state uses several different methods to calculate interest liabilities. Section 8.7 is included to distinguish that sections 8.2, 8.4, and 8.6 apply to only one state agency. The sections following these sections outline the same information contained in sections 8.2, 8.4, and 8.6 for each state agency and/or CFDA # as appropriate.
