ESTIMATE OF THE ADJUSTED AMOUNT Sample Clauses

ESTIMATE OF THE ADJUSTED AMOUNT. No later than December 15th of each year, Québec will make an estimate of the adjusted amount for the following year based on the most recent data available concerning: • The population of the Kativik Region; • The population of Québec; • The program expenditures of the government of Québec. No later than December 15th of each year, Québec will have to send the result of this estimate to the KRG representative. This estimate can also be the subject of discussions between the Parties during the three weeks following the receipt by the KRG of the estimate made by Québec. The data dealing with the population of Québec and of the Kativik Region as well as those dealing with the program expenditures of the government of Québec used for the estimate of the adjusted amount will have to be comparable from one year to the next. This will ensure that a change of a methodological, accounting or other nature in the accounting of these data does not create a break, when data are compared from one year to the next and for these reasons, does not influence the adjusted amounts.
Sample 1
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ESTIMATE OF THE ADJUSTED AMOUNT. No later than December 15th of each year, Québec will make an estimate of the adjusted amount for the following year based on the most recent data available concerning: ▪ The population of the Kativik Region; ▪ The population of Québec; ▪ The program expenditures of the government of Québec. No later than December 15th of each year except for the first year of application of the annual adjustment, Québec shall send the result of this estimate to the NVs representative and to the members of the Joint Coordinating Committee mentioned in Section 14 of this Agreement. For the first year of application of the annual adjustment, this estimate shall be based on the amount of funding mentioned in Section 5 of this Agreement increased by the indexing factor indicated by Québec to KRG within the implementation of Appendix D of the Agreement concerning the Block Funding of the Kativik Regional Government. Appendix B Indexing formula This estimate may also be the subject of discussions between the Parties during the three weeks following the receipt by the NVs of the estimate made by Québec. The data dealing with the population of Québec and of the Kativik Region as well as those dealing with the program expenditures of the government of Québec used for the estimate of the adjusted amount will have to be comparable from one year to the next. This will ensure that a change of a methodological, accounting or other nature in the accounting of these data does not create a break, when data are compared from one year to the next and for these reasons, does not influence the adjusted amounts.
Sample 1

Related to ESTIMATE OF THE ADJUSTED AMOUNT

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  • Certificate of Adjusted Purchase Price or Number of Shares Whenever an adjustment is made as provided in Section 11 or 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such adjustment, and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer agent for the Common Stock and the Preferred Stock a copy of such certificate and (c) mail a brief summary thereof to each holder of a Right Certificate in accordance with Section 25 hereof (if so required under Section 25 hereof). The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment therein contained and shall not be deemed to have knowledge of any such adjustment unless and until it shall have received such certificate.

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