ALLOCATION OF STANDING CHARGES Sample Clauses

ALLOCATION OF STANDING CHARGES. 9.1.1. The Standing Charges, adjusted as appropriate pursuant to Article 9.3.2., shall be shared among the Maintenance Authorities for the Designated Cables in proportion to the Accounting Units allocated to them in Schedule 4. 9.1.2. Notwithstanding the provision of Article 9. 1.1 above the unit cost of the Accounting Units shall in any case not exceed the maximum amount of *** per Accounting Unit per year for the whole duration of this Agreement. 9.1.3. In the event that the Standing Charges are not approved by the Management Committee, the Standing Charges of the previous year shall form the basis of billing until the dispute is resolved. 9.1.4. For the purpose of calculating the Standing Charges applicable to any particular period of time, the estimated or actual Standing Charges shall be divided by 335 to give an appropriate daily rate.
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ALLOCATION OF STANDING CHARGES. 16.1 The STANDING CHARGES of each SCARAB SYSTEM, adjusted as appropriate pursuant to Articles 8.3 and 8.4., shall be allocated to the ZONE to which it is assigned for the duration of that assignment, and shall be shared among the MAINTENANCE AUTHORITIES having direct responsibility for the DESIGNATED CABLES in that ZONE in proportion to the ACCOUNTING UNITS allocated to them in Schedule Cl or C2 as appropriate. 16.2 In the event that either SCARAB SYSTEM is transferred from its assigned ZONE to the other ZONE in accordance with Article 8.6, one half of the STANDING CHARGES applicable to the period of transfer shall be borne by each ZONE. 16.3 For the purpose of calculating the STANDING CHARGES applicable to any particular period of time, the annual STANDING CHARGES shall be divided by 365 to give an appropriate daily rate. 16.4 Any additional amounts credited to this AGREEMENT in accordance with Article 8.4 shall be shared among the MAINTENANCE AUTHORITIES having direct responsibility for the DESIGNATED CABLES in the ZONE to which the respective SCARAB SYSTEM is assigned in proportion to the ACCOUNTING UNITS allocated to them in Schedule Cl or C2 as appropriate.
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ALLOCATION OF STANDING CHARGES. 16.1 With the exception of the CS ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ which shall be subject to the provisions of Article 16.2, each Cable Ship's Standing Charges (adjusted as appropriate pursuant to Articles 5.2, 16.5, 18 and 19) shall be allocated to the Zone to which such Cable Ship is assigned, and shall be borne by the Western Zone Parties or the Eastern Zone Parties in proportion to the Accounting Units allocated to them in Schedule B1 or B2 as appropriate. If the use of an Alternative Cable Ship is approved by the Management Committee, the Standing Charges of such Alternative Cable Ship shall be allocated to the Zone to which such Alternative Cable Ship is assigned, and shall be borne by the Western Zone Parties or the Eastern Zone Parties in proportion to the Accounting Units allocated to them in Schedule B1 or B2 as appropriate. 16.2 A percentage of the Standing Charges of the CS ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, (adjusted as appropriate pursuant to Articles 5.2, 16.5, 18 and 19) shall be allocated to the Western Zone and shall be borne by the Western Zone Parties in proportion to the Accounting Units allocated to them in Schedule B1. The remaining percentage of the Standing Charges of the CS ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (adjusted as appropriate pursuant to Articles 5.2, 16.5, 18 and 19) shall be ACMA Page 34 of 55 Atlantic Cable Maintenance and Repair Agreement -------------------------------------------------------------------------------- allocated to the Eastern Zone and shall be borne by the Eastern Zone Parties in proportion to the Accounting Units allocated to them in Schedule B2. The actual percentage figures to be used for the allocation of the Standing Charges of the CS ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ between the Western Zone and the Eastern Zone shall be as indicated in Schedules B1 and B2.
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Related to ALLOCATION OF STANDING CHARGES

  • Allocation of Charges There will not be any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any Taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with or treated as a disregarded entity of the Servicer for tax purposes.

  • Allocation of Premiums No premium shall be paid under the Bond unless the Board of Trustees of the Trust, including a majority of those Trustees who are not “interested persons” of the Trust as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Trust, on behalf of each Fund. The premium payable on the Bond shall be allocated between the Trust and the Manager as determined by the Board of Trustees of the Trust.

  • Limitation on Accounting Changes Make or permit any change in accounting policies or reporting practices, without the consent of the Required Lenders, which consent shall not be unreasonably withheld, except changes that are required by GAAP.

  • Allocation of Realized Losses Prior to each Distribution Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Servicing Modification, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Prepayment Period or, in the case of a Servicing Modification that constitutes a reduction of the interest rate on a Mortgage Loan, the amount of the reduction in the interest portion of the Monthly Payment due during the related Due Period. The amount of each Realized Loss shall be evidenced by an Officers' Certificate. All Realized Losses, other than Excess Special Hazard Losses, Extraordinary Losses, Excess Bankruptcy Losses or Excess Fraud Losses, shall be allocated as follows: first, to the Class B-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, if any such Realized Losses are on a Discount Mortgage Loan, to the Class A-P Certificates in an amount equal to the Discount Fraction of the principal portion thereof, and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non-Discount Mortgage Loans will be allocated among all the Senior Certificates (other than the Class A-V Certificates and Class A-P Certificates) in the case of the principal portion of such loss on a pro rata basis and among all of the Senior Certificates (other than the Class A-P Certificates) in the case of the interest portion of such loss on a pro rata basis, as described below. Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses, Extraordinary Losses on Non-Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. The principal portion of such Realized Losses on the Discount Mortgage Loans will be allocated to the Class A-P Certificates in an amount equal to the Discount Fraction thereof and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non- Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. As used herein, an allocation of a Realized Loss on a "pro rata basis" among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date in the case of the principal portion of a Realized Loss or based on the Accrued Certificate Interest thereon payable on such Distribution Date (without regard to any Compensating Interest for such Distribution Date) in the case of an interest portion of a Realized Loss. Except as provided in the following sentence, any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to a Class of Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date; provided that no such reduction shall reduce the aggregate Certificate Principal Balance of the Certificates below the aggregate Stated Principal Balance of the Mortgage Loans. Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Subordinate Certificates then outstanding with the Lowest Priority shall be made by operation of the definition of "Certificate Principal Balance" and by operation of the provisions of Section 4.02(a). Allocations of the interest portions of Realized Losses (other than any interest rate reduction resulting from a Servicing Modification) shall be made in proportion to the amount of Accrued Certificate Interest and by operation of the definition of "Accrued Certificate Interest" and by operation of the provisions of Section 4.02(a). Allocations of the interest portion of a Realized Loss resulting from an interest rate reduction in connection with a Servicing Modification shall be made by operation of the provisions of Section 4.02(a). Allocations of the principal portion of Debt Service Reductions shall be made by operation of the provisions of Section 4.02(a). All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby; provided that if any Subclasses of the Class A-V Certificates have been issued pursuant to Section 5.01(c), such Realized Losses and other losses allocated to the Class A-V Certificates shall be allocated among such Subclasses in proportion to the respective amounts of Accrued Certificate Interest payable on such Distribution Date that would have resulted absent such reductions.

  • Allocation of Payments After Event of Default Notwithstanding any other provisions of this Credit Agreement, after the occurrence and during the continuance of an Event of Default with respect to any Borrower, all amounts collected from such Borrower or received by the Administrative Agent or any Lender on account of amounts outstanding under any of the Credit Documents shall be paid over or delivered as follows: FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable outside attorneys’ fees other than the fees of in-house counsel) of the Administrative Agent or any of the Lenders in connection with enforcing the rights of the Lenders under the Credit Documents against such Borrower and any protective advances made by the Administrative Agent or any of the Lenders, pro rata as set forth below; SECOND, to payment of any fees owed to the Administrative Agent or any Lender by such Borrower, pro rata as set forth below; THIRD, to the payment of all accrued interest payable to the Lenders by such Borrower hereunder, pro rata as set forth below; FOURTH, to the payment of the outstanding principal amount of the Loans or Letters of Credit outstanding of such Borrower, pro rata as set forth below; FIFTH, to all other obligations which shall have become due and payable of such Borrower under the Credit Documents and not repaid pursuant to clauses “FIRST” through “FOURTH” above; and SIXTH, the payment of the surplus, if any, to whoever may be lawfully entitled to receive such surplus. In carrying out the foregoing, (a) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category and (b) each of the Lenders shall receive an amount equal to its pro rata share (based on each Lender’s Commitment Percentages) of amounts available to be applied.