Net Fixed definition
Examples of Net Fixed in a sentence
Within ten (10) business days after the end of each month, RPMG shall furnish to Member a reconciliation of the Advance Rate to the Actual Netback Price or Net Fixed Price for the preceding month.
On the other hand, if the Advance Rate paid was less than the applicable Actual Netback Price or Net Fixed Price owed to Member, then RPMG will pay Member the additional amount owed to Member within ten (10) days after the completion of the reconciliation.
Each calendar month, RPMG shall estimate for Member (in good faith) the Netback Price per gallon of all Ethanol that RPMG has committed to sell to its customers through operation of the Corridor Netback Model and the Net Fixed Price per gallon of all Ethanol that RPMG has sold to its customers on a fixed price (the "Advance Rate").
RPMG shall pay Member for Fixed Price Gallons in an amount equal to the FOB fixed price multiplied by the number of Fixed Price Gallons of Ethanol delivered by Member to RPMG for the period less any applicable costs allocated to the Fixed Price Gallons calculated in the same manner as determined under the then applicable Corridor Netback Model (the "Net Fixed Price").
At the end of each calendar month, promptly after the information necessary to calculate the Netback Price becomes available, RPMG will calculate the actual Netback Price for the preceding month under the Corridor Netback Model to reflect the actual selling price for all Indexed Gallons sold during the month and the actual expenses incurred during the period (the "Actual Netback Price") and RPMG will calculate the actual Net Fixed Price.
If the Advance Rate paid to Member exceeded the applicable Actual Netback Price or Net Fixed Price, Member will refund to RPMG the overpayment within ten (10) days after receipt of the reconciliation.
Based on the date of termination, the Trustee, prior to any final distributions to the Holders of the Class A-2FL Certificates and/or the Holders of the Class A-4FL Certificates as contemplated by Section 9.01, shall pay the Class A-2FL Net Fixed Swap Payment, if any to the Class A-2FL Swap Counterparty and/or the Class A-4FL Net Fixed Swap Payment, if any, to the Class A-4FL Swap Counterparty.
The basic formula is as follows: FAT = (Fixed Assets / Total Assets) or Annual Sales / Net Fixed Assets The fixed asset turnover can vary substantially from industry to industry.
Based on the date of termination, the Trustee, prior to any final distributions to the Holders of the Class A-2FL Certificates and/or the Holders of the Class AJ-FL Certificates as contemplated by Section 9.01, shall pay the Class A-2FL Net Fixed Swap Payment, if any, to the Class A-2FL Swap Counterparty and/or the Class AJ-FL Net Fixed Swap Payment, if any, to the Class AJ-FL Swap Counterparty.
Notwithstanding anything to the contrary in this Agreement, at any time an Event of Default exists, Administrative Agent may (and at the direction of the Majority Lenders shall) apply all or any portion of the proceeds of the Cash Collateral Account attributable to the Net Fixed Asset Disposition Proceeds to all or any part of the Obligations.