Common use of Calculation Procedure Clause in Contracts

Calculation Procedure. The basic formula for calculating interest liabilities shall be: 1/365 times the annualized 13-week Treasury Bill rate times the number of whole days as determined above, times the dollar amount of the transaction.

Appears in 2 contracts

Samples: Management Improvement Act Agreement, www.fiscal.treasury.gov

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Calculation Procedure. The basic formula for calculating interest liabilities shall be: 1/365 times the annualized 13-week Treasury Bill Xxxx rate times the number of whole days as determined above, times the dollar amount of the transaction.

Appears in 2 contracts

Samples: Management Improvement Act Agreement, Management Improvement Act Agreement

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