Assessment Base definition
Examples of Assessment Base in a sentence
The relevant Extraordinary Assessment Base will apply for each Extraordinary Assessment made from March 31 through the following March 30.
Financing Commission Assessment Base per Invoice is the amount drawn by the ORIGINATOR from the Settlement Account on each Funding Date by invoice, calculated on the basis of each of the Receivables included in the most recent Financing Commission Calculation Data.
The allocation of Administrative Assessments will be first, up to six thousand dollars ($6,000) per year per Member, and then second, after exhausting that limit in any particular year, the remainder in that year based on each Member’s Assessment Base.
To the extent those Available Funds include a Liquidity Fund, the Corporation will make a refund to each Member based on its Assessment Base.
The Assessment Base and any Extraordinary Assessment Bases will be calculated as of March 31 each year based on the figures from the last fiscal year of each Member ending in the immediately previous calendar year.
Commencing in the Assessment Year (as hereinafter defined), Lessee shall also pay its Proportionate Share of increases in the Taxes which are the result of increases in the assessed value of the Property over the Assessment Base (as hereinafter defined).
For the Extraordinary Assessment, each Member will supply the Corporation within sixty (60) days of its year-end supplementary information used in the Extraordinary Assessment Base for Premiums, Liabilities and Fund Values in respect of New Policies, certified by its appointed actuary, together with any supporting documentation that the Corporation may reasonably request.
That Assessment Base will apply for each Specific Assessment, Loan Assessment and Administrative Assessment made from March 31 through the following March 30, and for determining the number of votes of Members under paragraph 21 at any meeting of Members during that period.
To the extent the Available Funds are not dealt with under paragraphs 11(b) or 11(c) above, the Corporation will make a refund to each Member based on its Assessment Base.
The Assessment Base set forth in this Schedule will be effective for all Specific Assessments, Loan Assessments and Administrative Assessments made on or after March 31, 2019, and for determining the number of votes of Members under paragraph 10.7 at any meeting of Members on or after that date.