Calculation Delivery Date definition
Examples of Calculation Delivery Date in a sentence
In order for the Insurer to calculate the Dry-Run Cash Payment Amount, the Company will deliver to the Insurer by the close of business ten Business Days prior to the Dry-Run Calculation Delivery Date an updated version of the Base File that has been revised to reflect any corrections and changes to the data in the Base File that have been identified by the Company as of the Dry-Run Data Cut-Off Date (the “Dry-Run Data File”).
The Independent Fiduciary will direct the Plan Trustee to deliver to the Insurer on the Business Day immediately prior to the Dry-Run Calculation Delivery Date a calculation of the value of each asset in the Asset Portfolio, calculated in accordance with the methodology set forth in Schedule 2.06(b) as of the close of business on the Business Day immediately prior to the Dry-Run Calculation Delivery Date (the “Dry-Run Asset Valuation”).
If the amount of the Incentive Fee due and payable for any fiscal year (or partial fiscal year, if applicable) is less than the sum of the Incentive Fee Payments made with respect to such fiscal year (or partial fiscal year, if applicable), Manager shall refund to the Company the portion of Incentive Fee Payments received with respect to such fiscal year that exceeds the Incentive Fee due for such fiscal year, in cash, within fifteen (15) days of the Calculation Delivery Date.
Five days prior to Dry-Run Calculation Delivery Date Company will provide Insurer with the expected Transferred Asset Schedule.
If on any Calculation Delivery Date the Combined Debt Service Coverage Ratio and the Combined Projected Debt Service Coverage Ratio then delivered pursuant to Section 6.2 hereof are equal to or greater than 1.25 to 1.00, so long as no Event of Default has occurred and is continuing, then Agent shall transfer on instruction by Borrower the monies in the Additional Collateral Account for deposit in the Project Control Account as an item of Cash Revenues.
Any Earn-out Payment that the Buyer is required to pay pursuant to Section 2.5(a) hereof and pursuant to the Earn-our Calculation Statement shall be paid in full on the Earn-Out Calculation Delivery Date.
On each Calculation Delivery Date, Borrower shall deliver to Agent (a) the Senior Debt Service Coverage Ratio and the Total Debt Service Coverage Ratio, in each case calculated for the 12-month period ending on, and for the 12-month period commencing on, the Quarterly Date immediately preceding such Calculation Delivery Date.
For purposes of clarification, Buyer may pay or cause to be paid the Earn-out Payment for any Calculation Period (as reflected in the Earn-out Calculation Statement) at any time on or after the Earn-out Calculation Delivery Date.
Independent Fiduciary will direct Plan Trustee to deliver to Insurer on the Business Day immediately prior to the Dry-Run Calculation Delivery Date a calculation of the value of each asset in the Transferred Assets Schedule, calculated in accordance with the methodology in Schedule 2.5(b) as of the close of business on the Business Day immediately prior to the Dry-Run Calculation Delivery Date (the “Dry-Run Date Asset Portfolio Full Market Value”).
Independent Fiduciary will direct Plan Trustee to deliver to Insurer on the Business Day immediately prior to the Dry-Run Calculation Delivery Date a calculation of the value of each asset in the Asset Portfolio, calculated in accordance with the methodology set forth in Schedule 2.6(b) as of the close of business on the Business Day immediately prior to the Dry-Run Calculation Delivery Date (the “Dry-Run Asset Valuation”).