Computation model Sample Clauses

The Computation Model clause defines the specific methods, formulas, or processes to be used for calculating values or outcomes under the agreement. It typically outlines the parameters, data sources, and timing for performing calculations, such as determining payments, interest, or performance metrics. By establishing a clear and agreed-upon approach to computations, this clause ensures consistency, reduces disputes over calculation methods, and provides transparency for both parties.
Computation model. Asynchronous processes The system is made up of a finite set Π of n > 1 asynchronous sequential processes, namely Π = {p1, . . . , pn}. “
View SourceView Similar (5)

Related to Computation model

  • Balance Computation Method For all accounts, dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account if deposited before the close of business. If you close any of your dividend earning accounts before dividends are credited you may not receive the accrued dividends up to the date of account closure.

  • Time Computation Saturday, Sunday and holidays recognized by this Agreement shall not be counted under the time procedures established in this Agreement.

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Computations Unless otherwise expressly set forth herein, any accrued interest on any Loan, any Fees or any other Obligations due hereunder shall be computed on the basis of a year of 360 days and the actual number of days elapsed.

  • Methodology 1. The price at which the Assuming Institution sells or disposes of Qualified Financial Contracts will be deemed to be the fair market value of such contracts, if such sale or disposition occurs at prevailing market rates within a predefined timetable as agreed upon by the Assuming Institution and the Receiver. 2. In valuing all other Qualified Financial Contracts, the following principles will apply: