Initial Calculation definition
Examples of Initial Calculation in a sentence
The Reinsurer shall calculate and report the adjusted commission on Net Earned Premium within 30 days after the Initial Calculation Date, and within 30 days after the end of each subsequent calendar year thereafter until all losses subject hereto have been finally settled.
Each Servicing Agreement relating to the Mortgage Loans serviced for others as of the Initial Calculation Date is set forth on Schedule 7.03(f), and a copy of each such Servicing Agreement has been made available to the Purchaser.
As of the Initial Calculation Date, the information set forth in the information fields numbered one (1) through ten (10) inclusive in the Mortgage Loan Schedule is true and correct in all material respects.
The information provided to the Purchaser as of the Initial Calculation Date with respect to Escrow Accounts and Escrow Payments in connection with the Mortgage Loans is true and correct in all material respects.
Floating Rate for Initial Calculation Period: TBD Reset Dates: The first day of each Floating Rate Calculation Period, with Period End Dates subject to adjustment in accordance with the Modified Following Business Day Convention.
The Reinsurer shall calculate and report the adjusted commission on Net Earned Premium within 30 days after the Initial Calculation Date, and within 30 days after the end of each subsequent calendar year thereafter with respect to each Adjustment Period until all losses subject hereto have been finally settled.
On the Closing Date, the LLC Interest Transferee shall pay or cause to be paid to the Initial Member, in accordance with the Master Purchase Agreement, an amount equal to the Groups 6-8 Final Purchase Price, calculated using balances as of the Initial Calculation Date (as defined in the Contribution Agreement) rather than the Closing Date (the “Groups 6-8 Closing Payment”).
The Representatives and the accountants engaged by the Representative shall be entitled to review the Company’s working papers, trial balances and similar materials for purposes of reviewing the Initial Calculation.
If the Representative does not submit a Calculation Notice within the 30-day period provided herein, then the Initial Calculation shall be deemed to be the Final Calculation and shall not be subject to further review, challenge or adjustment.
If the Manager Representative delivers a Notice of Dispute in which it disputes some, but not all, of the items in the Initial Calculation, the Managers will be deemed to have accepted all of the items not disputed.