Price Formula Sample Clauses

Price Formula. An amount, determined by the Tenant’s accountants, equal to the greater of (i) the fair market value of the Tenant’s Property as determined in accordance with Section 20.1(b) below, or (ii) an amount sufficient to ensure receipt by the Investor Member from the proceeds of the sale of the Property (when distributed pursuant to liquidation provisions in the Operating Agreement) of an amount not less than an amount equal to any unpaid obligations to which the Investor Members are entitled under the Operating Agreement (including, but not limited to, an amount equal to the Exit Taxes (as defined in the Operating Agreement), any unpaid loans (and any accrued interest thereon) made to the Tenant by the Investor Members or their affiliates, any unpaid credit adjusters pursuant to Section of the Operating Agreement, and any accrued but unpaid Asset Management Fee (as defined in the Operating Agreement)), plus (iii) if the Option is exercised during the Compliance Period, an amount equal to the diminution of economic value to the Investor Member as a result of the purchase of the Tenant’s Property by the Landlord during the Compliance Period (the “ILP Diminution”), which shall include without limitation (A) all capital contributions of the Investor Member under the Operating Agreement which shall not be returned by the partners or the Tenant, (B) the outstanding balance of all loans (and any accrued interest thereon) made to the Tenant by the Investor Member or its affiliates and the Permitted Leasehold Mortgagees, which will not otherwise be repaid at the time of the purchase, (C) the amount of any Projected Credit, as defined in the Operating Agreement, which, as a result of the purchase will not be available to the Investor Member and the amount of any Tax Credits, as defined in the Operating Agreement, which will be recaptured from the Investor Member as a result of the purchase, (D) all costs and penalties incurred by the Investor Member with respect to the tax credits already received (including the costs of any recapture bonds), and (E) the present value and the anticipated cash flow payable to the Investor Members using a discounted rate of 10%, and (F) all costs and expenses incurred by or on behalf of the Investor Member with respect to (1) its admission to the Tenant, (2) its activities with respect to the Tenant prior to the Landlord’s purchase of the Tenant’s Property under this Option, and (3) an amount to distribute to the Tenant’s partners cash proc...

Price Formula. For services rendered as set forth under Article 5, “Scope of Work”, and detailed in EXHIBIT A, payment shall be based on the following firm fixed price rates for the periods: July 1, 2008 through June 30, 2009 (FY 2008/09); and, July 1, 2009 through June 30, 2010 (FY 2009/10); and, July 1, 2010 through June 30, 2011 (FY 2010/11).

Price Formula. City agrees to pay Contractor for performance of the services set forth in this agreement as follows: a. Payment of a fixed hourly rate per vehicle service hour of $44.33 in Year One and $49.06 in Year Two. A vehicle service hour is defined as on vehicle providing passenger service for one hour during the service hours specified herein. A vehicle service hour shall be deemed to have commenced when a vehicle leaves CITY’s Transit Center (located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇) to provide the services required herein and shall not include any out-of-service vehicle time used for vehicle operator breaks or lunches. A vehicle service hour shall terminate when a vehicle returns to CITY Transit Center prior to any cleaning, servicing or fueling of the vehicle. The hourly rate shall include vehicle operator wages, fringe benefits, indirect labor and all consumable material costs that can be tracked by vehicle service hour such as vehicle maintenance parts and supplies including oil. b. Payment of a fixed monthly rate of $106,323.26 in Year One and $118,041.41 in Year Two; to compensate CONTRACTOR for all work to be performed under this agreement as defined in Exhibit A, except that which is included under Paragraph 5(a) and Paragraph 7 of this agreement including, but not limited to: vehicle operator non-service wages; management, controller and maintenance employee wages and said employees fringe benefits and indirect labor costs; bus washing and cleaning supplies; uniforms; report reproduction; office supplies; project telephones; all other related operational costs; and the contract management fee. c. Payment of a fixed monthly rate of $10,254.86 in Year One; and $12,443.72 in Year Two for the cost incurred in providing all vehicle and general liability insurance required under this agreement as such insurance is defined in this agreement. This amount shall be in excess of the fixed monthly rate as defined herein. CITY reserves the right, however, to alternatively secure all or part of the specified insurance coverage

Price Formula. For the Initial Term, COMMISSION agrees to pay CONTRACTOR for performance of the Scope of Work set forth in this Agreement as follows: i. CONTRACTOR shall be paid a single fixed hourly rate for billable hours operated,

Price Formula. Subject to any other terms of this Agreement, the purchase price for any sale provided for upon the exercise by the Manager of its right to designate a Transferee as described above, shall be determined by an appraisal of the Membership Interest to be purchased based on the fair market value of the Membership Interest as of the Valuation Date (hereinafter defined):

Price Formula. 16 The consideration for the sale and purchase of the Shares shall be an amount to be calculated as follows (the “Price”): (a) Euro 155,000,000.00 (one hundred fifty five million); (b) plus the Closing Date Cash; (c) minus the Closing Date Financial Debt; (d) plus the Closing Date Working Capital Excess (if any); or (e) minus the Closing Date Working Capital Deficiency (if any). For the sake of clarity, an example of the determination and calculation of the Price pursuant to this Section 4.1 is set forth in Annex 4.1.

Price Formula i. The fixed monthly rates stated in Section 8(b) of the Agreement are hereby amended and restated as follows: $342,615 Effective Date to February 28, 2019 $351,810 March 1, 2019 to February 29, 2020 $361,360 March 1, 2020 to February 28, 2021 $366,860 March 1, 2021 to February 28, 2022 $377,868 March 1, 2022 to February 28, 2023 $386,032 March 1, 2023 to February 29, 2024 $389,781 March 1, 2024 to April 30, 2024 $389,781 May 1, 2024 to May 3, 2024 (with appropriate pro-ration of the fixed monthly rate) ii. The second sentence in the third paragraph of Section 8(b) is amended and restated as follows: “The gate-to-gate rates and fixed monthly rates for the Option Year extensions, if exercised by the Commission in its sole discretion, shall be calculated as follows: (i) for Option Year One, the applicable rate in effect for year nine (9) of the Initial Term times the sum of one (1) plus 80% of the increase or decrease in the Consumer Price Index for all Urban Consumers for the Los Angeles metropolitan area, as published by the U.S. Department of Labor (“CPI”) during the previous calendar year; (ii) for Option Year Two, the applicable rate of Option Year One times the sum of one (1) plus 80% of the increase or decrease in the CPI during the previous calendar year; and (iii) for Option Year Three, the applicable rate of Option Year Two times the sum of one (1) plus 80% of the increase or decrease in the CPI during the previous calendar year.”

Price Formula. City agrees to pay Contractor for performance of the services set forth in this Agreement as set forth in the Rate Schedule attached hereto as Exhibit “C” and incorporated herein.

Price Formula. CONTRACTOR shall invoice MTA for actual expenses incurred in the performance of this AGREEMENT plus a management fee plus fixed fee (profit) as defined below.