The Calculation Principles Sample Clauses

The Calculation Principles. A. The Eligible Receivables for Calculation of the XXXX On the basis of the provided Data, the Transaction Administrator shall calculate the Eligible Receivables for Calculation of the XXXX (the “E.R.C.G.”) in accordance with paragraph 2 of Enclosure I of the Agreement.
Sample 1
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The Calculation Principles. A. The Eligible Receivables for Calculation of the XXXX Based on the provided data, the Transaction Administrator shall calculate on each Calculation Date, with reference to the values existing on the immediately preceding Cut-off Date • the Outstanding Nominal Value of the Eligible Receivables for Purchase less the Suspense Amount on the Cut-off Date (the “E.R.C.G.”); and • the Net Eligible Receivables Balance, which amounts to the E.R.C.G. less the Off-Set Reduction (“N.E.R.B.”) “CAD N.E.R.B.” means, on any Calculation Date, the portion of the E.R.C.G. corresponding to the Purchased Receivables in CAD as of the immediately preceding Cut-off Date less the Off-set Reduction in CAD on such Cut-off Date, converted to EUR using the relevant Exchange Rate. “EUR N.E.R.B.” means, on any Calculation Date, the portion of the E.R.C.G. corresponding to the Purchased Receivables in EUR as of the immediately preceding Cut-off Date less the Off-set Reduction in EUR on such Cut-off Date. “GBP N.E.R.B.” means, on any Calculation Date, the portion of the E.R.C.G. corresponding to the Purchased Receivables in GBP as of the immediately preceding Cut-off Date less the Off-set Reduction in GBP on such Cut-off Date, converted to EUR using the relevant Exchange Rate. “USD N.E.R.B.” means, on any Calculation Date, the amount equal to the portion of the E.R.C.G. corresponding to the Purchased Receivables in USD as of the immediately preceding Cut-off Date less the Off-set Reduction in USD on such Cut-off Date, converted to EUR using the relevant Exchange Rate.
Sample 1
The Calculation Principles 
Sample 1

Related to The Calculation Principles

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

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