Formula for Calculation Sample Clauses

Formula for Calculation. In addition to Minimum Annual Rent, Tenant covenants and agrees to pay to Landlord as additional rent for each Lease Year the sum of Three percent (3.0%) of the amount by which Tenant's Gross Sales for such Lease Year exceeds the Minimum Annual Rent ("Percentage Rent"). Percentage Rent shall be payable, in arrears, on or before March 10 for the immediately preceding Lease Year. The amount of Percentage Rent payable by Tenant hereunder for the first Lease Year shall be prorated by computing the Percentage Rent that would be payable based on Gross Sales for the first 365 days of the Term and multiplying that number by a fraction, the numerator of which is the number of days in the first Lease Year and the denominator of which is 365. Such prorated Percentage Rent for the first Lease Year shall be payable prior to the 455th day of the Term. The Percentage Rent payable by Tenant for the final Lease Year shall be prorated by computing the Percentage Rent that would be payable based on Gross Sales for the last 365 days of the Term and multiplying that number by a fraction, the numerator of which is the number of days in the final Lease Year and the denominator of which is 365. Such prorated Percentage Rent for the final Lease Year shall be payable within 90 days after the Term expiration date.
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Formula for Calculation. Tenant covenants and agrees to pay to Landlord as rent for each Term the sum of Three percent (3.0%) of the amount of Tenant's Gross Sales for the Term ("Percentage Rent"), provided, however, that the Percentage Rent payable hereunder shall be reduced by the amount of any Operating Loss, as defined below. Percentage Rent shall be payable, in arrears, on or before March 10, 1999. "Operating Loss" means the excess, if any, of Fully Allocated Costs, as defined below, over Gross Sales. "Fully Allocated Costs" means the sum of all costs and expenses of every kind and nature incurred by Tenant in connection with the Premises or the business conducted thereon, including, without limitation:
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Formula for Calculation. NS = X / (0*XX / (XX + XX)) [0. NS = L / P 2. P = 5*NI / (ES + NS)] Example, for illustration purposes only Assumptions: L = $39.375M (based on $35.0M at 12.5% per annum) ES = 115,170,000 NI = $32M Applying the formula above: NS = $39.375M / (5*$32.0M / (115.17M + NS)) Step 1: Multiply the right side of the equation by (115.17M + NS) / (115.17M + NS): NS = $39.375M * (115.17M + NS) / (5*$32.0M) ® $39.375M * (115.17M + NS) / $160.0M Step 2: Divide the numerator by the denominator: NS = 0.246 * (115.17M + NS) Step 3: Multiply through on the right side: NS = 28.34M + .246NS
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Related to Formula for Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

  • Basis for calculation of periodic payments All interest and commitment fee and any other payments under any Finance Document which are of an annual or periodic nature shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a 360 day year.

  • Interest Calculation Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • Calculation Each of the foregoing ratios and financial requirements shall be calculated as of the last day of each Fiscal Quarter.

  • Determination of Net Asset Value Section 2. The net asset value per share of each class and each series of Shares of the Trust shall be determined in accordance with the 1940 Act and any related procedures adopted by the Trustees from time to time. Determinations made under and pursuant to this Section 2 in good faith and in accordance with the provisions of the 1940 Act shall be binding on all parties concerned.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Interest Calculations Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Determination of Values The Borrower will conduct reviews of the value to be assigned to each of its Portfolio Investments as follows:

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