Average Thirty Clause Samples

The "Average Thirty" clause establishes a method for calculating values, such as interest or damages, based on a standardized 30-day month, regardless of the actual number of days in a given month. In practice, this means that for any calculation period, each month is treated as having exactly 30 days, which simplifies computations involving monthly rates or accruals. The core function of this clause is to ensure consistency and predictability in financial calculations, thereby reducing disputes and administrative complexity that could arise from varying month lengths.
Average Thirty. Day Delinquency Ratio (arithmetic average of ratios for this month and two preceding months; may not exceed 5.5%) _______
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Average Thirty. Day Delinquency Ratio (a) Thirty-Day Delinquency Ratio for current Remittance Date =======
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Average Thirty. Day Delinquency Ratio Test
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Average Thirty. Day Delinquency Ratio (a) Thirty-Day Delinquency Ratio for current Remittance Date _______ (b) Average Thirty-Day Delinquency Ratio (arithmetic average of ratios for this month and two preceding months; may not exceed 5.5%) _______ 15.
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Related to Average Thirty

  • Settlement Averaging Period For any Option and regardless of the Settlement Method applicable to such Option:

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Determination Date The Business Day immediately preceding the related Remittance Date.

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to:

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.