Monthly Calculation; Liquidation Calculation Sample Clauses

Monthly Calculation; Liquidation Calculation. (i) After the end of each calendar month and prior to the Distribution Date for such month, the Managing Member shall determine in good faith whether a calculation as of such Distribution Date is necessary in order for the Managing Member to conclude whether the Flip Point has occurred during the preceding calendar month. If the Managing Member (i) determines that no calculation is necessary, or (ii) determines after calculation in the manner described in this Section 5.06(a) that the Flip Point has not occurred during such month, then on the Distribution Date the Managing Member shall so notify the Members. (ii) If the Managing Member calculates, in the manner provided in this Section 5.06, that the Flip Point has occurred during a calendar month, then no less than thirty (30) Days prior to the Distribution Date, the Managing Member shall provide such calculation to the Class A Members in the form of the Tracking Model attached hereto as Exhibit F (the “Tracking Model”) and prepared in accordance with the calculation rules and conventions of this Section 5.06, specifying the Flip Point, the portion of the Distributable Cash which is to be distributed in accordance with Sections 5.02(a) and 5.02(b), the portion of the Distributable Cash which is to be distributed in accordance with Section 5.02(c), the portion of the tax attributes of the Company which are to be allocated under Section 5.01(a)(i), and the portion to be allocated under Section 5.01(a)(ii), as applicable (iii) Prior to making any liquidating distribution pursuant to Section 12.02(a)(vi), the Managing Member shall make a calculation, in the manner described in this Section 5.06, as to whether the Flip Point will occur in connection with the liquidation of the Company. No less than thirty (30) Days prior to making such distribution, the Managing Member shall provide such calculation to the Class A Members in the form of the Tracking Model attached hereto as Exhibit F and prepared in accordance with the calculation rules and conventions of this Section 5.06, specifying the Flip Point (or stating that the Managing Member has concluded that it will not occur), the portion of the Liquidation Proceeds which is to be distributed to each Member in accordance with Section 12.02(a)(vi), and the proportions in which the tax attributes of the Company for the Allocation Year in which the liquidation occurs are to be allocated in accordance with Sections 12.02(a)(iv) and 12.02(a)(v). (iv) In the event that...
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Related to Monthly Calculation; Liquidation Calculation

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

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

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Actual Settlement Date Accounting With respect to any sale or purchase transaction that is not posted to the Account on the contractual settlement date as referred to in Section 2.5, Bank shall post the transaction on the date on which the cash or Financial Assets received as consideration for the transaction is actually received by Bank.

  • INTEREST CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report. 10.2 The State expects to incur the following types of interest calculation costs: Costs of calculating interest, including the cost of developing and maintaining clearance patterns in support of interest calculations. 10.3 The State shall submit all claims for reimbursement of interest calculation costs with its Annual Report in accordance with 31 CFR 205.