Worked Examples. The figures and calculations included in this Appendix A are for illustrative purposes only and are based on a hypothetical portfolio of properties. The goal of the examples below is to help investors better understand how the Equity Value formula operates and may be impacted by different types of possible changes in the assets comprising the REIT’s portfolio or the debt relating to the Target Assets prior to Closing. Accordingly, the examples have been highly simplified, using numbers that facilitate easy math. The hypotheticals below assume that: • The Target Assets that will be acquired by the REIT in the Formation Transactions consist of five industrial centers, one of which is owned by each of the five Xxxxxxx Funds. • Each of the Target Assets in this hypothetical portfolio will be wholly owned, directly or indirectly, by the REIT at the Closing. • Each Target Asset is subject to a $25 property-level mortgage, but no fund-level Entity Specific Debt. • Each Target Asset was determined by a third-party valuator to have a relative equity value equal to 20% of the entire portfolio. In addition, the “Base Case” hypothetical below assumes that the initial Total Formation Transaction Value, or “TFTV,” for this entire portfolio of properties as of December 31, 2012 was $500. The subsequent hypothetical examples demonstrate how circumstances after December 31, 2012 but prior to the Closing, or that otherwise were not reflected in the Fairness Opinion, may impact Total Formation Transaction Value (TFTV), and how those changes affect the equity value allocable to each of the five Target Assets. The following summarizes the “Base Case” portfolio for purposes of the hypotheticals below: Target Asset Unadjusted Equity Percentage (“EP”) (determined by Xxxxxxxx & Xxxxxxx, Inc. in the Fairness Opinion) Property Holding Companies & Ownership % RIF I Industrial Center 20% Company A (100%) RIF II Industrial Center 20% Company B (100%) RIF III Industrial Center 20% Company C (100%) RIF IV Industrial Center 20% Company D (100%) RIF V Industrial Center 20% Company E (100%) Total 100%
Worked Examples. The parties have agreed to include the Worked Examples to demonstrate the intended effect of this clause 4 and the interaction of Transfer Services with other classes of Service on the EGP. However, in the event of any inconsistency between the provisions of this clause 4 and the Worked Examples, the provisions of this clause shall prevail.
Worked Examples. 5.1 Example A: Sharer has a Charter Agreement with Helicopter Contractor Helicopter Contractor Invoice to Sharer Xxxxxx has AW189 aircraft on a monthly standing charge contract with Helicopter Contractor Sharer Monthly Standing Charge - £contracted rate Sharer Flying Hour Charge - £contracted rate Xxxxxx Pax – 1 x outbound / 2 x inbound Aircraft Type – AS332L2 Sharer/Xxxxxx Diversion Rate - £3,500 Diversion Time – 0:30 minutes
Worked Examples. The parties agree to include the following worked examples under clause 4.5. Worked Examples of Priority of Service and Curtailment Regime under the pro-forma GTA The worked examples are: • Scenario 1: Excess Nominations of Firm Forward Class B2 Services • Scenario 2: Curtailment of Firm Forward Haulage Services (with B2 noms) • Scenario 3: Curtailment of Firm Forward Haulage Services (Minor TGP Nominations) • Scenario 4: Excess Nominations of Firm Forward Class B2 Services (Capacity made available by the TGP Owner to the Service Providers) • Scenario 5: Delivery Curtailment of Firm Forward Haulage Services • Scenario 6: Expanded Longford Compressor Capacity and Delivery Curtailment of Firm Forward Haulage Services. Scenarios 1 - 4 refer to Curtailment of Nominations prior to a Day. The same methodology applies to Curtailment of deliveries during a Day as illustrated in Scenarios 5 & 6. The quantities cited in the examples are for illustration only. References to EGP Services in the worked examples are to Services provided to Non-Transfer Service Shippers, for the purpose of differentiation from Transfer Services provided to Transfer Service Shippers. Scenario 1: Excess Nominations of Firm Forward Class B2 Services Where: • TGP Available Capacity = 100TJ/d • EGP contracted Capacity = 200TJ/d • Total Longford Compressor Station Capacity = 300TJ/d • Under the terms of the EGP GTAs, EGP Shipper 1 has a higher priority than EGP Shipper 2 for As Available Haulage Services due to an earlier Initial Start Date for the GTA. Shipper MDQ (as contracted) Shipper Nomination EGP Confirmed Nomination Actual Flow TJ/d TJ/d TJ/d TJ/d EGP All Firm Forward Shippers 200 150 150 150 As Available Shipper 1 100 30 30 30 As Available Shipper 2 30 30 20 20 EGP Total 210 200 200 Transfer Services Firm Forward Class A Shipper 60 60 60 60 Firm Forward Class B1 Shipper 40 20 20 20 Firm Forward Class B2 Shipper 80 50 20 20 TS Total 130 100 100 Grand Total 340 300 300 Where: TGP Available Capacity 100TJ/d EGP contracted Capacity 200TJ/d Longford Compressor Capacity 300TJ/d Note:
Worked Examples. The figures and calculations included in this Appendix A are for illustrative purposes only and are based on a hypothetical portfolio of properties. Neither the hypothetical Total Formation Transaction Value nor any of the other figures or calculations presented on Appendix A shall be binding on the REIT or the Operating Partnership, and should not be considered an indication of value of the American Assets Entities. The value of the American Assets Entities will ultimately be determined by the REIT in consultation with the underwriters of the IPO based on public investor demand and may be lower or higher than the hypothetical Total Formation Transaction Value shown on Appendix A. In addition, the calculations in Appendix A assume that each of Target Assets in this hypothetical portfolio of properties will be wholly owned, directly or indirectly, by the REIT. Example - Base Case In the hypothetical examples shown below, the Target Assets that will be acquired by the REIT in the Formation Transactions consist of four shopping centers. The Total Formation Transaction Value, or “TFTV,” for this entire portfolio of properties will be $400, absent the impact of certain potential adjustments described in the subsequent examples. Each Target Asset (i) is subject to a $25 mortgage, (ii) was determined by a third-party valuator to have a relative equity value equal to 25% of the entire portfolio and (iii) has two owners, each of whom has a 50% interest in the property. Target Asset Equity Percentage (“EP”) (determined by 3rd party valuator) Property Holding Companies & Ownership % Shopping Center 1 25% Company A (50%) Company B (50%) Shopping Center 2 25% Company C (50%) Company D (50%) Shopping Center 3 25% Company E (50%) Company F (50%) Shopping Center 4 25% Company G (50%) Company H (50%) Total 100% Applying the Equity Value formula and assuming that there is no Entity Specific Debt and no increase or decrease in mortgage debt outstanding, the Equity Value of each of the four properties is as set forth below: Property Equity Value = EP x [TFTV – TPA] + AA Shopping Center 1 100 = 25% x [400 - 0] + 0 Shopping Center 2 100 = 25% x [400 - 0] + 0 Shopping Center 3 100 = 25% x [400 - 0] + 0 Shopping Center 4 100 = 25% x [400 - 0] + 0 Total Equity Value 400 Example 2 – Mortgage Payoff In this example, all of the facts described in the Base Case above are the same, except that prior to the completion of the Formation Transactions, the $25 mortgage on Shopping Center 1 ...
Worked Examples. Worked examples are to be found in Appendix D.
Worked Examples. A) A GP with a weighted panel size of 1,200 currently employing a nurse, with 4 or more years’ experience, working 35 hours per week on a salary of €52,000 would receive a subsidy refund of €27,822.72 under the existing system. Under the new system the GP would be reimbursed as follows: Refundable Salary Amount: €52,000 PRSI 11.05%: €5,746 Total Refundable Amount: €57,546 Subsidy Ceiling Amount: €43,309.50 (75% of Total Refundable Amount) Claimable Subsidy Amount: 1,200/1,200 * €43,309.50= €43,309.50
Worked Examples. The following worked examples are provided for illustration purposes only and in the case of any conflict and / or inconsistency the Clauses and Offer Special Terms prevail.
Worked Examples. Worked examples of how the potential returnson hypothetical Securities will be calculated are set out in the section of this Base Prospectus called "How the return on your investment is calculated". Commonly Asked Questions and Index of Defined Terms A list of commonly asked questions and replies is set out in the section "Commonly Asked Questions about the Programme" commencing on page 62 of this Base Prospectus. A list of all of the defined terms used in this Base Prospectus is set out in the section "Index of Defined Terms" commencing on page 231 of this Base Prospectus. The date of this Base Prospectus is 16 July 2021. IMPORTANT NOTICES Investing in the Securities involves exposure to derivatives and may, depending on the terms of the particular Securities, put your capital at risk and you may lose some or all o f your investment. Also, if the relevant Issuer and the relevant Guarantor fail or go bankrupt, you will lose some or all of your investment. Neither the Securities nor the Guarantees are bank deposits, and neither are insured or guaranteed by any governmental agency: The Securities and the Guarantees are not bank deposits and are not insured or guaranteed by the UK Financial Services Compensation Scheme or any other government or governmental or private agency or deposit protection scheme in any jurisdiction. Potential for discretionary determinations by the Issuer or the Calculation Agent under the Securities: Under the terms and conditions of the Securities, following the occurrence of certain events – relating to the Issuer, the Issuer's hedging arrangements, the Preference Shares, taxation, the relevant currency or other matters – outside of the Issuer's control, the Issuer or the Calculation Agent may determine in its discretion to take one of the actions available to it in order to deal with the impact of such event on the Securities or the Issuer or both. These actions may include (i) adjustment to the terms and conditions of the Securities or (ii) early redemption of the Securities. Any such discretionary determination by the Issuer or the Calculation Agent could have a negative impact on the value of the Securities. See, in particular, "Risk Factors" - risk factor 10 (Risks associated with conflicts of interest between Xxxxxxx Xxxxx and purchasers of Securities and discretionary powers of the Issuer and the Calculation Agent including in relation to our hedging arrangements) below.
Worked Examples. Annex 1 to this Schedule provides worked examples of each of the calculations referred to in paragraph 2. Such worked examples are non-binding and for illustrative purposes only. Annex 1 Earn Out Amount 2 – Worked Examples Schedule 7 A15 Put Option
