Pro Rata Calculation Sample Clauses

Pro Rata Calculation. For purposes of calculating any pro rata Cash-Based Awards under Section 2.2(e), (f), (g) and (h) hereof, a month shall not be considered if the determining event occurs on or before the 14th day of the month, and a month shall be considered if the determining event occurs on or after the 15th day of the month.
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Pro Rata Calculation. See Section 11.2 for the formula for calculating pro-rata compensation.
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Pro Rata Calculation. Should this Lease commence or terminate at any time other than the first (1st) day of a calendar year, the cost adjustment referred to in Subsections 3.2.1, 3.2.2, 3.2.3 and 3.2.4 shall be calculated for the commencement or termination year on a pro rata basis, based upon the number of calendar days during which Tenant leases or is deemed to lease the Premises.
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Pro Rata Calculation. Each Investor may sell all or any part of -------------------- that number of shares of Common Stock equal to the product obtained by multiplying the aggregate number of Xxxxxxx Shares covered by the Co-Sale Notice by a fraction (i) the numerator of which is the number of shares of Common Stock (on an as-converted basis for all Preferred Stock) owned by the Investor at the time of the sale or transfer and (ii) the denominator of which is the total number of shares of Common Stock owned by Xxxxxxx and the Investors (on an as-converted basis for all Preferred Stock) at the time of the sale or transfer.
Sample 1
Pro Rata Calculation. Where any of paragraphs (a) and (c) of the definition of Support Year apply, the Annual Revenue Floor and Annual Revenue Ceiling will be adjusted proportionally, having regard to the number of days in the relevant partial year as a percentage of the total number of days in a full calendar year.
Sample 1
Pro Rata Calculation. The pro rata calculation shall include (a) the calendar month of the Grant Date if such date is prior to the 16th day of such month, (b) the calendar month of the Release Date if such date is subsequent to the 15th day of such month, and (c) the calendar month in which the triggering event occurred if such event occurred subsequent to the 15th day of such month.
Sample 1
Pro Rata Calculation. Each Major Holder shall have the right -------------------- to purchase that number of shares of Offered Stock equal to the product obtained by multiplying the aggregate number of shares of Offered Stock less the number of shares purchased by the Company pursuant to Subsection 2.3(b) by a fraction (A) the numerator of which is the sum of (x) the number of shares of Common Stock owned by such Major Holder, plus (y) the number of shares of Common Stock issuable upon conversion of the Preferred Stock owned by such Major Holder at the time of the Offeror's Notice; and (B) the denominator of which is the sum of (a) the total number of shares of Common Stock owned by all Major Holders at the time of the Offeror's Notice, plus (b) the number of shares of Common Stock issuable upon conversion of Preferred Stock owned by all Major Holders outstanding at the time of the Offeror's Notice.
Sample 1
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Pro Rata Calculation. Each Major Holder may sell all or any part -------------------- of that number of shares of Common Stock equal to the product obtained by multiplying the aggregate number of Co-Sale Shares covered by the Co-Sale Notice by a fraction (i) the numerator of which is the sum of (A) the number of shares of Common Stock owned by such Major Holder, plus (B) the number of shares of Common Stock issuable upon conversion of Preferred Stock owned by such Major Holder at the time of the sale; plus (C) the number of shares of Common Stock issuable upon exercise of outstanding options or warrants held by such Major Holder or the time of the sale; and (ii) the denominator of which is the total number of shares of Common Stock held by the Major Holders and the Selling Common Holder, including the number of shares of Common Stock issuable upon conversion of the shares of Preferred Stock then owned by such Major Holders.
Sample 1

Related to Pro Rata Calculation

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

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

  • 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.

  • Pro Forma Calculations Notwithstanding anything to the contrary herein (subject to Section 1.02(j)), the First Lien Net Leverage Ratio, the Total Net Leverage Ratio and the Fixed Charge Coverage Ratio and Consolidated Net Tangible Assets shall be calculated (including for purposes of Sections 2.14 and 2.15) on a Pro Forma Basis with respect to each Specified Transaction occurring during the applicable four quarter period to which such calculation relates, and/or subsequent to the end of such four-quarter period but not later than the date of such calculation; provided that notwithstanding the foregoing, when calculating the First Lien Net Leverage Ratio for purposes of (i) determining the applicable percentage of Excess Cash Flow for purposes of Section 2.05(b), (ii) the Applicable Rate, (iii) the Applicable Commitment Fee and (iv) determining actual compliance (and not Pro Forma Compliance or compliance on a Pro Forma Basis) with the Financial Covenant, any Specified Transaction and any related adjustment contemplated in the definition of Pro Forma Basis (and corresponding provisions of the definition of Consolidated EBITDA) that occurred subsequent to the end of the applicable four quarter period shall not be given Pro Forma Effect. For purposes of determining compliance with any provision of this Agreement which requires Pro Forma Compliance with the Financial Covenant, (x) in the case of any such compliance required after delivery of financial statements for the fiscal quarter ending on or about June 30, 2014, such Pro Forma Compliance shall be determined by reference to the maximum First Lien Net Leverage Ratio permitted for the fiscal quarter most recently then ended for which financial statements have been delivered (or were required to have been delivered) in accordance with Section 6.01, or (y) in the case of any such compliance required prior to the delivery referred to in clause (x) above, such Pro Forma Compliance shall be determined by reference to the maximum First Lien Net Leverage Ratio permitted for the fiscal quarter ending June 30, 2014. With respect to any provision of this Agreement (other than the provisions of Section 6.02(a) or Section 7.08) that requires compliance or Pro Forma Compliance with the Financial Covenant, such compliance or Pro Forma Compliance shall be required regardless of whether the Lux Borrower is otherwise required to comply with such covenant under the terms of Section 7.08 at such time. For purposes of making any computation referred to above:

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

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Average Log Length and Payment Reduction If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) 1/10th) Where: B = Bid rate from P-028.2 clause V = total delivered log Volume L = Length in feet below specified average (rounded to nearest Average log length payment reductions calculated by the Purchaser must be approved by the State, prior to payment for the final billing period. Third-party scaling organization information is required to determine Xxxxxxxx mbf and Average log length for payment reduction purposes. Average log length is determined on a piece count basis. Value of log length price reduction will be derived from the applicable sort value as described in this contract. Scale information for determining Average log length for payment reduction eligibility must be obtained from roll-out scale. Truck-ramp, sample scaling, and/or bundle scaling information is not acceptable for determining eligibility. Purchaser’s exclusive remedy for below average log lengths shall be the payment reduction described in this clause, notwithstanding other provisions in the Uniform Commercial Code.

  • 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.

  • 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.

  • 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”).

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