Common use of Calculation Clause in Contracts

Calculation. To ensure that the eligible assets (assets discounted based upon Fitch’s and Moody’s ratings, as described below) of the Fund are greater than the Fund’s basic maintenance amount (as described below). If the eligible assets are less than the basic maintenance amount, the Fund fails the test. Basic Maintenance Amount (BMA): The Fund’s basic maintenance amount is the sum of the following: BMA Component Calculation

Appears in 20 contracts

Samples: Administration and Accounting Services Agreement (Federated MDT Series), Financial Administration and Accounting Services Agreement (Federated Institutional Trust), Administration and Accounting Services Agreement (Federated Core Trust/Pa)

AutoNDA by SimpleDocs

Calculation. To ensure that the eligible assets (assets discounted based upon Fitch’s and Moody’s Mxxxx’x ratings, as described below) of the Fund are greater than the Fund’s basic maintenance amount (as described below). If the eligible assets are less than the basic maintenance amount, the Fund fails the test. Basic Maintenance Amount (BMA): The Fund’s basic maintenance amount is the sum of the following: BMA Component Calculation

Appears in 1 contract

Samples: Financial Administration and Accounting Services Agreement (Federated Core Trust III)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.