The Calculation Principles Sample Clauses

The Calculation Principles. A. The Eligible Receivables for Calculation of the XXXX On the basis of the provided Data, the Transaction Administrator shall calculate the Eligible Receivables for Calculation of the XXXX (the “E.R.C.G.”) in accordance with Enclosure I of the present Agreement.
Sample 1
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The Calculation Principles. A. The Eligible Receivables for Calculation of the XXXX Based on the provided data, the Transaction Administrator shall calculate on each Calculation Date, with reference to the values existing on the immediately preceding Cut-off Date • the Outstanding Nominal Value of the Eligible Receivables for Purchase less the Suspense Amount on the Cut-off Date (the “E.R.C.G.”); and • the Net Eligible Receivables Balance, which amounts to the E.R.C.G. less the Off-Set Reduction (“N.E.R.B.”) “CAD N.E.R.B.” means, on any Calculation Date, the portion of the E.R.C.G. corresponding to the Purchased Receivables in CAD as of the immediately preceding Cut-off Date less the Off-set Reduction in CAD on such Cut-off Date, converted to EUR using the relevant Exchange Rate. “EUR N.E.R.B.” means, on any Calculation Date, the portion of the E.R.C.G. corresponding to the Purchased Receivables in EUR as of the immediately preceding Cut-off Date less the Off-set Reduction in EUR on such Cut-off Date. “GBP N.E.R.B.” means, on any Calculation Date, the portion of the E.R.C.G. corresponding to the Purchased Receivables in GBP as of the immediately preceding Cut-off Date less the Off-set Reduction in GBP on such Cut-off Date, converted to EUR using the relevant Exchange Rate. “USD N.E.R.B.” means, on any Calculation Date, the amount equal to the portion of the E.R.C.G. corresponding to the Purchased Receivables in USD as of the immediately preceding Cut-off Date less the Off-set Reduction in USD on such Cut-off Date, converted to EUR using the relevant Exchange Rate.
Sample 1
The Calculation Principles 
Sample 1

Related to The Calculation Principles

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  • General Construction Principles Words in any gender are deemed to include the other genders. The singular is deemed to include the plural and vice versa. The headings and underlined paragraph titles are for guidance only and have no significance in the interpretation of this Agreement.

  • 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;

  • 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.

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  • Definitions and Principles of Interpretation The following definitions in clause 1.1 shall be replaced as follows:

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