Calculation Clause Samples
The Calculation clause defines the method or formula by which certain amounts, values, or obligations are determined under the agreement. It typically specifies the variables, data sources, and timing for making these calculations, such as how interest is computed on outstanding balances or how performance metrics are measured. By clearly outlining the calculation process, this clause ensures transparency and consistency, reducing the risk of disputes over how figures are derived and providing both parties with a predictable framework for financial or operational outcomes.
POPULAR SAMPLE Copied 3 times
Calculation. Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.
Calculation. ((total problems – total problems failing standard) / total problems) * 100 = percentage problem resolution (as calculated by rounding to the second decimal point). Note: this calculation must be completed for each problem severity level.
Calculation. Each of the foregoing ratios and financial requirements shall be calculated as of the last day of each Fiscal Quarter.
Calculation. The FSA will be calculated as follows:
(a) Eight hundred dollars ($800.00) to be allocated to each eligible Full-time Employee and pro-rated for each eligible Part-time Employee based on their FTE as of December 1st (eligibility date) of each year.
Calculation. Interest will be computed on the basis of a year of 360 days and paid for the actual number of days elapsed.
Calculation. DDR is calculated as the number of E-Line EVC test frames, EVC test frames within the specified traffic priority class that are successfully delivered from PE to PE within the Core Network divided by the total number of E-Line EVC test frames, test frames within the specified traffic priority class, sent per calendar month is: DDR (DDR for load consisting of frames) = frames Delivered/frames Offered *100
Calculation. In determining any amount provided for in this Section 2.11, the Affected Party may use any reasonable averaging and attribution methods. Any Affected Party making a claim under this Section 2.11 shall submit to the Borrower a certificate as to such additional or increased cost or reduction, which certificate shall be conclusive absent manifest error.
Calculation. In determining any amount provided for in this Section 2.09, the Affected Person may use any reasonable averaging and attribution methods. The Administrative Agent, on behalf of any Affected Person making a claim under this Section 2.09, shall submit to the Borrower and the Collateral Manager a certificate of a Responsible Officer of the Affected Person setting forth in reasonable detail the basis for and the computations of such additional or increased costs, which certificate shall be conclusive absent manifest error. The Borrower shall pay such amount shown as due on any such certificate on the next Payment Date after receipt thereof.
Calculation. Verizon calculates Frame Jitter by measuring the mean deviation of the difference in test frame spacing at the receiver compared to the sender for a pair of test frames, Verizon calculates the mean by sampling the Core Network frequently and averaging the results over a 30 calendar day period. The calculation for Frame Jitter "J (i)" for two consecutive frames i and i+1 is as follows: J (i) = DeltaT(i) – DeltaT(i') where T(i) = time 1st byte of frame (i) is received by the source port (ingress time) T(i+1) = time 1st byte of frame (i+1) is received by the source port (ingress time) T(i’) = time 1st byte of frame (i’) is received at the destination port (egress time) T(i+1’) = time 1st byte of frame (i+1’) is received at the destination port (egress time) and DeltaT(i) = T(i+1) – T(i) (DeltaT(i) is the time interval between frames at ingress) DeltaT(i’) = T(i+1’) – T(i’) (DeltaT(i’) is the time interval between frames at egress) The average jitter is calculated as follows: J = Sum J(i) /(N-1) where N is the number of measurement intervals over thirty (30) day period
Calculation. Availability is calculated after Customer opens a Priority 1 Trouble Ticket with Verizon and represents the percentage of time that the connection for E-Line EVC is available within a given calendar month except as specified below. Hard Outages for E-Line EVC provisioned with Off-Net Silver are handled as Priority 2 tickets and eligible for the Availability Service Level Standard. Availability (%) = (1 - (Total Eligible Hard Outage Minutes per connection for E-Line EVC per month / 43,200 minutes )) x 100