Quarterly Calculation Sample Clauses

Quarterly Calculation. At the conclusion of each calendar quarter of the Term for each of the first three calendar quarters of every Year after the Effective Date, and within thirty (30) days after BAC has provided the Required Reports for such quarter, MasterCard shall make the appropriate calculation to determine the **** earned for such period pursuant to this Section 2.2 (the “****”). The quarterly **** during the Term will be determined by **** from Table 3, below, based upon the **** determined pursuant to Section 2.1(A)(4) and will be subject to **** as provided herein EXECUTION VERSION Table 3 **** ($****) **** **** **** **** **** **** **** **** **** **** **** **** ****
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Quarterly Calculation. Buyer will invoice Seller and GSE Systems for the amount of any unbilled Development Overruns quarterly commencing on the 15th day of the fourth full calendar month after the Effective Date and continuing on the 15th day of the first month of each quarter thereafter. Buyer shall provide with each invoice, a calculation of the Development Overruns. Seller and GSE Systems shall pay such invoiced Development Overruns to Buyer within 30 days of receipt of each invoice. Buyer will provide Seller with copies of the time records for Buyer's Research and Development personnel who performed the development work and other supporting documentation as Seller may reasonably request.
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Quarterly Calculation. Each month following the end of each Quarter of the calendar year, the Parties undertake to carry out the following acts for purposes of reimbursing the expenses related to Shared Resources actually used in the immediately preceding Quarter:
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Quarterly Calculation. 1. Unless otherwise adjusted as provided herein, the **** for each Year of the Term will be distributed by calendar quarter, as follows (“Quarterly ****”): Table 1 Measurement Period Quarterly **** ($) 1st quarter $ **** 2nd quarter $ **** 3rd quarter $ **** 4th quarter $ **** Total **** $ ****
Sample 1
Quarterly Calculation. Within the first fifteen (15) Days of each Quarter following any Quarter within the Guarantee Period, Seller shall provide to Buyer a detailed report, substantially in the form of Annex 11, including (i) the calculation of the Differential for the preceding Quarter, (ii) the calculation of any Quarterly Shortfall or Quarterly Surplus for such preceding Quarter, (iii) the application of any credit or premium to the purchase price of Maya delivered during such preceding Quarter, (iv) any Premium Carryforward or Credit Carryforward from such preceding Quarter, (v) the calculation of any Credit Interest for the prior Quarter, and (vi) the amount of credits or premiums to be applied during the current Quarter. Within ten (10) Days from receipt of such report, Buyer shall notify Seller of any claimed discrepancy therein and any proposed amendment thereto; it being understood that the parties shall, in such event, undertake in good faith to resolve such discrepancy promptly and in any event prior to the payment date of the first invoice for Maya delivered in such Quarter. Pending the resolution of any claimed discrepancy, Buyer shall make payment to Seller in accordance with Article 11.2 based on the calculations made by Seller pursuant to this Part IV as set out in Seller's report.
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Related to Quarterly Calculation

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Quarterly As of the last day of each Fiscal Quarter.

  • Minimum Consolidated Adjusted EBITDA The Borrower will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a minimum Consolidated Adjusted EBITDA of no less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter.

  • Quarterly Payments H3.15 The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

  • Quarterly Financial Reports The School shall prepare and submit quarterly financial reports to the Commission within 45 days of the end of each fiscal year quarter.

  • Currency Calculations All financial statements and Compliance Certificates shall be set forth in Dollars. For purposes of preparing the financial statements, calculating financial covenants and determining compliance with covenants expressed in Dollars, Optional Currencies shall be converted to Dollars in accordance with GAAP.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) each of its fiscal years to end on December 31 of each year and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31, respectively, of each year.

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