Calculation Principles Sample Clauses

Calculation Principles. In addition to the principles listed in Section 2.2 above, the Joint Review Board shall also follow the methodology below with respect to completing the table set forth in Section 3.1 in order to establish the Initial Cost to Collect Factor:
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Calculation Principles. The Parties agree to delete, in its entirety, Section 3.2.(k) of the Initial MSA, eliminating, for the sake of doubt, all concepts related and referenced in “Penalties” and including a case of “Revenue non-captured”. This concept shall be deemed to constitute part of the Annual Revenue, only if the revised global MRT for all Zones is not reached in the relevant calendar year. Such Section 3.2.(k) of the Initial MSA shall be substituted by the following wording: “In the event of a reduction in a Provider Group Company´s revenues in any calendar year due to a failure to deliver volume or resources commitments, excluding: (i) outbound campaigns and (ii) situations where the Recipient Group Company is responsible for not fulfilling its commitments under the Services Contracts; the amount of such reduction shall be deemed as Revenue Not-Captured and, therefore, part of the Annual Revenue for that Revenue Jurisdiction. The amount to be considered part of the Annual Revenue shall be the revenues that the Provider Group Company would have obtained if it had delivered volume and committed resources according to provisions set forth in the relevant Service Contract. The adjustment shall be referred to the period of time where volumes or committed resources are not fulfilled and/or where its consequences take place, up to a maximum of twelve (12) months regardless of the calendar year.” In addition to the above mentioned, the Parties agree to add a new Section 3.2 (n) to expressly regulate as “Revenue Not-captured” the case referred to a unilateral early termination of a Service Contract decided by the Provider without cause or under its own decision or responsibility. The aforementioned Section 3.2. (n) shall have the following wording: “In case that a Service Contract between a Provider Group Company and the relevant Recipient Group Company is unilaterally early terminated by the Provider without cause or under its own decision or responsibility (“cause” means, for the avoidance of doubt, any events, situations or circumstances expressly contemplated within the relevant Service Contract that would explicitly entitle the relevant Provider Group Company to terminate that Service Contract), the estimated amount corresponding to the revenues that such Provider Group Company would have obtained during the remaining term of that Service Contract shall be understood as Revenue Non-Captured and, therefore, part of the Annual Revenue for that Revenue Jurisdiction. Said esti...
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Calculation Principles. Net Cash No amount included in the calculation of Net Cash shall be included in the calculation of Modified Working Capital.
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Calculation Principles. Capitalized terms used but not defined herein shall have the meanings given to such terms in the Agreement.
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Calculation Principles. For purposes of calculating the fees payable to Diamond hereunder, the following shall apply:
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Calculation Principles. In addition to the principles listed in Section 5 below, the Cost Board shall follow the methodology below in order to establish an applicable Initial EMG Cost to Collect Factor:
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Calculation Principles. The Parties shall use the following principles and procedures for the purposes of calculating the Annual Revenues and the Minimum Revenue Thresholds:
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Calculation Principles. The Calculation Principles shall be as follows:
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Related to Calculation Principles

  • Applicable Principles Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporation for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a). Carryovers or carrybacks of any tax item attributable to any Basis Adjustment or Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any tax item includes a portion that is attributable to a Basis Adjustment or Imputed Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed utilized first, followed by the amount of any TRA Portion (with the TRA Portion being applied on a proportionate basis consistent with the provisions of Section 3.3(a)); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation made in the prior Taxable Year. The Parties agree that, subject to the second to last sentence of Section 2.1(a), all Tax Benefit Payments attributable to an Exchange will be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments for the Corporation beginning in the Taxable Year of payment, and as a result, such additional Basis Adjustments will be incorporated into such Taxable Year continuing for future Taxable Years until any incremental Basis Adjustment benefits with respect to a Tax Benefit Payment equals an immaterial amount.

  • Accounting Terms and Principles (a) Except as set forth below, all accounting terms not specifically defined herein shall be construed in conformity with GAAP and all accounting determinations required to be made pursuant hereto shall, unless expressly otherwise provided herein, be made in conformity with GAAP.

  • General Principles All provisions herein shall be subject to the requirements of all applicable Law and any collective bargaining, works council or similar agreement or arrangement with any labor union, works council or other labor representative (each, a “Labor Agreement”). Notwithstanding anything in this Agreement to the contrary, if the terms of a Labor Agreement or applicable Law require that any Assets or Liabilities be retained or assumed by, or transferred to, a Party in a manner that is different than what is set forth in this Agreement, such retention, assumption or transfer shall be made in accordance with the terms of such Labor Agreement and applicable Law and shall not be made as otherwise set forth in this Agreement; provided that, in such case, the Parties shall take all necessary action to preserve the economic terms of the allocation of Assets and Liabilities contemplated by this Agreement. The provisions of this Agreement shall apply in respect of all jurisdictions.

  • Accounting Principles, Terms and Determinations All references in this Agreement to "generally accepted accounting principles" shall be deemed to refer to generally accepted accounting principles in effect in the United States at the time of application thereof. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all unaudited financial statements and certificates and reports as to financial matters required to be furnished hereunder shall be prepared, in accordance with generally accepted accounting principles applied on a basis consistent with the most recent audited financial statements delivered pursuant to clause (ii) of paragraph 5A or, if no such statements have been so delivered, the most recent audited financial statements referred to in clause (i) of paragraph 8B.

  • Definitions General Interpretive Principles Section 1.01. Defined Terms 1 Section 1.02. General Interpretive Principles 8 ARTICLE II

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Change in Accounting Principles If, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.

  • Definitions Principles of Construction Section 1.1 Definitions 1 Section 1.2 Principles of Construction 13 ARTICLE II

  • Generally Accepted Accounting Principles Wherever in this Agreement reference is made to generally accepted accounting principles, such reference shall be deemed to be the recommendations at the relevant time of the Canadian Institute of Chartered Accountants, or any successor institute, applicable on a consolidated basis (unless otherwise specifically provided herein to be applicable on an unconsolidated basis) as at the date on which a calculation is made or required to be made in accordance with generally accepted accounting principles. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis.

  • General Interpretive Principles For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires:

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