Example 3. In this example the fixed term tenancy is for 3 years and the rent is agreed at £650.00 per month for the first year with a CPI linked rent review provision. The tenancy commences on 1 April 2020. The first review date is, therefore, 1 April 2021. The landlord must give notice of the review at least 28 days, but no more than 90 days before 1 April. If the landlord serves the notice on the tenant on, say, 1 March the relevant CPI data would be the data for the year ending January 2020 (as this will be the latest available data). In this example we assume this is 1.8% and that the landlord chooses to increase the rent by the full amount. The following year (year 3) the landlord again decides to serve a rent review notice on the tenant on 1 March and to charge the full increase. The latest available CPI data will be for the year to January 2022 and for the purposes of this example we will assume the percentage change over the 12 months to January 2022 is 1.6%. In this example, the rent payable each year will be (rounded to the nearest xxxxx): Year 1 (from 1 April 2020) Year 2 (from 1 April 2021) Year 3 (from 1 April 2022) £650 per month £650 x 1.018 = £661.70 per month £661.70 x 1.016 = £672.23 per month
Example 3. An insured depository institution offers small business loans that are guaranteed by the Small Busi- ness Administration (SBA). A small business obtains a $75,000 loan, docu- mented in writing, from the institution under the institution’s SBA loan pro- gram. The loan documentation does not indicate that the borrower intends or is authorized to re-lend the funds. Although the rate charged on the loan is well below that charged by the insti- tution on commercial loans, the rate is within the range of rates that the in- stitution would charge a similarly situ- ated small business for a similar loan under the SBA loan program. Accord- ingly, the loan is not made at substan- tially below market rates and is ex- empt from coverage under paragraph (c)(2) of this section.
Example 3. An employee on the 3/12.5 work schedule works a regular schedule of 75 hours in a pay period. In the previous pay period in the same 28-day work period, the employee was assigned to work 10 of the 10 “payback” hours owed to the City during a 28-day work period. In the second pay period in the same 28-day work period, the employee is assigned to work an overtime shift for an employee assigned to the 4/10 work schedule. The 3/12.5 work schedule employee shall earn overtime at time and one-half for all hours worked in excess of 75 hours in the pay period—all hours worked below 75 hours shall be compensated at the employee’s regular, hourly rate of pay. In this example, the 80-hour threshold rule for calculating overtime is superseded by the 160-hour threshold rule for the 28-day work period—the City pays regular overtime at time and one-half for all hours worked in excess of 160 hours in a 28-day work period. In the first pay period of the 28-day work period, the employee worked 75 regularly scheduled hours, plus 10 “payback” hours for a total of 85 hours—no overtime compensation was provided because the employee owed the 10 “payback” hours to the City. In the second pay period of the 28-day work period, the employee worked 75 regularly scheduled hours, plus 10 hours of assigned overtime, paid at time and one-half of the employee’s hourly, regular rate of pay. The 85 hours worked in the first pay period, plus the 85 hours worked in the second pay period equals 170 hours. The employee is paid overtime at time and one-half for all hours worked in excess of 160 hours in a pay period. Ten “payback” hours are owed to the City during each 28-day work period because the 3/12.5 work schedule employee was paid for those hours in advance at the rate of 5 hours for each of the 2 pay periods in a 28-day work period.
Example 3. Remittance based on delivery of gas to the Gas Distributor in a month where the forecasted banked gas account attributed to the Gas Vendor is in a credit and the respective NYMEX Xxxx Basis price is less than commodity rate specified by the Gas Vendor. Assume: Consumption = 8,000 m3 Delivery = 10,000 m3 NYMEX = $0.16 per m3 Commodity rate = $0.25 per m3 The Maximum Security Amount is calculated as follows: = banked gas account x NYMEX – (amounts collected – amounts remitted) = [consumption – delivery] x NYMEX – ([consumption x commodity rate] – [delivery x commodity rate]) = [8,000 – 10,000] x 0.16 – ([8,000 x 0.25] – [10,000 x 0.25]) = $180 The calculation would be repeated for each banked gas account attributed to the Gas Vendor for each month of the applicable 12 month period and then summed up by month to determine the month with the maximum cumulative Maximum Security Amount. A negative cumulative Maximum Security Amount would represent no security required from the Gas Vendor.
Example 3. An NGEP sends a letter to an insured depository institution re- questing that the institution provide a $15,000 grant to the NGEP. The insured depository institution responds in writ- ing and agrees to provide the grant in connection with its annual grant pro- gram. The exchange of letters con- stitutes a written arrangement or un- derstanding.
Example 3. 3.1. Given an integer n greater than 2, let Pn be the rectified n-gonal prism (see Figure 3.5). This is a polyhedron constructed, as follows, to have a number of vertices and edges that grows linearly with n, but whose maximal dihedral angle is always 3π/4. It has two parallel n-gonal faces, n rhombic faces labelled Bk, and 2n isosceles-triangular faces—those n adjacent to the top n-gonal face are labelled A+, while those n adjacent to the bottom are labelled Ak−. When appropriately oriented, the outward facing normals of the top and bottom n-gonal faces are (0, 0, ±1), those of A±k are ± 1 2kπ 2kπ and that of Bk is ak = √2 cos , sin n n , ±1 , k n n b = cos (2k + 1)π , sin (2k + 1)π , 0 . The top and bottom n-gonal faces pass through (0, 0, sin2(π/n)) and (0, 0, 0) respectively, and the three faces Ak± and Bk all have the following point as a vertex: n n n cos 2kπ , sin 2kπ , sin2 π . The angle between the normals of adjacent triangular and n-gonal faces is π/4. For k ∈ {1, . . . , n}, Bk is adjacent to Ak± and A±k+1, with the convention that An±+1 = A1±. The angle ϑ±k between a±k and bk satisfies cos ϑ±k = a±k · bk, = √2 cos 2kπ cos n (2k + 1)π + sin 2kπ sin n (2k + 1)π , n 1 = √2 cos (2k + 1)π − n π 2kπ , n = √2 cos n. By symmetry, the angle between a±k+1 and bk is also ϑ±k . So let ϑn be the dihedral angle between adjacent rhombic and triangular faces in Pn. The discussion above shows that ϑn is strictly increasing and that ϑn −→ 3π/4 as n → ∞. Thus, the maximum conical angle in DPn is 3π/2 for any n, but DPn has 3n singular vertices. Figure 3.5. Rectified hexagonal prism. Black edges have dihedral angle 3π/4; red edges, ϑ6. In the case of doubles and boundaries of convex polytopes, the geometric quantity we will use in place of the maximal conical angle is the curvature of a vertex. We define this after introducing some terminology relating to cones embedded in Rn. What follows, up to Remark 3.3.5, is largely adapted from [Pak10, §§ 25.2–4]. Let C be a polyhedral convex cone in Rn—i.e., the convex hull of a finite number of rays emanating from a common point v. We say that a hyperplane (of dimension n− 1) H in Rn supports C at v if H contains v and C \ H intersects at most one of the connected components of Rn \ H. We say that a ray r in Rn is normal to C at v if it emanates from v, is orthogonal to a hyperplane H supporting C at v, and if r \ H lies in a connected component of Rn \ H that C \ H does not intersect. The normal cone N (C) of C is then d...
Example 3. If for the month of Feb the actual GPM for US sales is US$ 650K, then incentive amount shall be calculated as follows: Base GPM = US$ 600K Actual GPM = XXXX Incentive% as per slab = XXXX Total Incentive payable (in INR) = (Actual GPM – Base GPM) * %Incentive = US$ 650K –XXXX) * XXXX = XXXX
Example 3. A member’s regular tour of duty ends at 16:30 hours. The member works continuing overtime until 18:07 hours, for a total of ninety-seven (97) minutes beyond the regular shift duration. The member is entitled to two (2) hours at time and one-half (1.5x) the regular hourly rate of pay. Calculation: First sixty (60) minutes = one (1) hour. The subsequent thirty- seven (37) minutes is rounded up to the nearest one-half (.5) hour = one (1) hour. The total is one (1) hour plus+ one (1) hour = two
Example 3. 1.2. The (not well-formed) weighted projective surface P(1, 2, 6) con- tains the weighted projective line P(2, 6) as a locus of 1 (1) singularities (i.e. ordinary nodes), with the dissident point Pz of type 1 (1, 2). The variety X18 ⊂ P(1, 2, 2, 4, 9) contains the curve C = X ∩ P(2, 2, 4) of type 1 (1, 1) with a dissident point of type 1 (1, 1, 2).
Example 3. If during the 2017 Earnout Period, the actual EBITDA of the Company is $500,000, then the Purchaser shall pay to the Sellers’ Representative (on behalf of the Sellers) an amount equal to the Guaranteed Earnout Amount of $200,000. Exhibit C Share Consideration Name of Seller Number of Shares of Purchaser Issued Xxxxxx Xxxxx 196,975 Xxxxxx Xxxxx 196,975 Xxxxxxx Xxxxxxxx 106,050 Total: 500,000 Exhibit D Calculation of EBITDA EBITDA, as adjusted (in thousands) TTM16 FY15 FY14 FY13 Net income (loss) $ 933 $ 1,094 $ 297 $ 687 Reconcilation to EBITDA: Other income - - - (45 ) Depreciation and amortization 61 54 19 41 Interest expense 17 21 19 18 EBITDA, as reported 1,011 1,169 335 701 % of revenue 5.7 % 6.4 % 2.2 % 4.9 % Management proposed adjustments: [1] Owners' expenses 208 185 171 174 [2] Owner salary 132 120 108 133 340 305 279 307 Management proposed EBITDA 1,351 1,474 614 1,008 % of revenue 7.6 % 8.1 % 4.1 % 7.0 % Proposed due diligence adjustments: [3] Owners' expenses 2 33 2 (8 ) [4] Commission expense 12 (25 ) 6 (68 ) [5] Vacation expense (11 ) (16 ) NQ NQ [6] Non-operating income (108 ) (108 ) - - [7] Partner buyout - - 165 - [8] Abode 360 consulting fees - - - 45 [9] Insurance expense NQ NQ NQ NQ (105 ) (116 ) 173 (31 ) Proposed due diligence EBITDA 1,246 1,358 787 977 % of revenue 7.0 % 7.4 % 5.2 % 6.8 % Pro forma adjustments: [10] Professional fees NQ NQ NQ NQ [11] Owner's compensation NQ NQ NQ NQ EBITDA, as adjusted $ 1,246 $ 1,358 $ 787 $ 977 % of revenue 7.0 % 7.4 % 5.2 % 6.8 % Exhibit E Form of Subscription Agreement [see attached] THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE OFFERED OR SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. THESE SECURITIES ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. SUBSCRIPTION AGREEMENT FOR SHARES IN QUADRANT 4 SYSTEM CORPORATION, an Illinois corporation Quadrant 4 System Corporation 0000 Xxxxxxxxx Xxxx, Xxxxx 000 X Xxxxxxxxxx, Xxxxxxxx 00000 Attention: Xxxxx Thonadvadi Re: Subscription for Shares of Common Stock Ladies and Gentlemen: Subject to the terms and conditions of this Subscription Agreement (this “Agreement”), the undersigned Subscriber does hereby subscribe to purchase from Quadrant 4 System Corporation, an Illinois corporation (the “Company...
