Calculation of Grant Sample Clauses

The 'Calculation of Grant' clause defines the method and criteria for determining the amount of a grant to be awarded under an agreement. Typically, this clause outlines the formula, eligible costs, or specific benchmarks that must be met for the grant amount to be calculated, such as matching funds, percentage reimbursements, or capped totals. Its core function is to provide transparency and predictability in the grant process, ensuring both parties understand how funding will be determined and reducing the risk of disputes over payment amounts.
Calculation of Grant. The amount of grant payable in respect of a Firm Scheme will be calculated in accordance with the following formula: FSG = (A x B) + (C x D) where: FSG is the Firm Scheme Grant payable in relation to the relevant Firm Scheme; A is the Agreed Payment Rate for a completed Affordable Rent Dwelling (including a Social Rent Dwelling); B is the number of completed Affordable Rent Dwellings and Social Rent Dwellings within the Firm Scheme; C is the Agreed Payment Rate for a completed Affordable Home Ownership Dwelling; D is the number of completed Affordable Home Ownership Dwellings within the Firm Scheme.
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Calculation of Grant. ▇▇▇▇▇▇ paid to Partner Services will be calculated as follows, based on information provided in the application form: 6.2.1. A base rate consisting of the number of staffed child places in an age group multiplied by Value that applies to age group (see Appendix 2) multiplied by Hours of operation per week multiplied by Weeks open per year. 6.2.2. A payment entitled Graduate Lead Educator Premium (if applicable) calculated for each session as the Number of hours per week led by a graduate multiplied by Weeks per year led by a graduate multiplied by Graduate Lead Educator premium rate (see Appendix 3). This payment is subject to the following conditions: 1 For example, a service who provides five day service type and opens an equivalent four day service type shall apply a maximum fee rate of four-fifths of the five day service type to the four day service type. 2 In the event that a City/County Childcare Committee approves an amended fee list for ECCE or CCSP covering the September 30th 2021 after this date then the approved fee list will take precedence. • The Lead Educator is a graduate with an eligible qualification on the Department’s list of approved qualifications (▇▇▇▇▇://▇▇▇.▇▇▇.▇▇/en/publication/297c05-early-years- recognised-qualifications). • The Lead Educator has 3 years of Eligible Paid Experience. • No more than one Graduate Lead Educator premium payment is applicable per ELC room. 6.2.3. A payment entitled Graduate Manager Premium (if applicable) is calculated as the Number of service operating hours per week that the Graduate Manager is working multiplied by Weeks per year the service operates where the Graduate Manager is working multiplied by Graduate Manager Premium rate (see Appendix 3).This payment is subject to the following conditions: • The Manager is a graduate with an eligible qualification on the Department’s list of approved qualifications (▇▇▇▇▇://▇▇▇.▇▇▇.▇▇/en/publication/297c05-early-years- recognised-qualifications/). • No more than one Graduate Manager Premium payment is applicable per service.
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Calculation of Grant. ‌ 14.1. The Grant must not be revised except in accordance with Clauses 14 -18. 14.2. The Base Case will show the projected cumulative difference between Operating Costs and Revenue for each Service Year, plus the Operator's Return. 14.3. The Fuel Management Programme will be submitted by the Operator to the Scottish Ministers not less than 30 Business Days before the Commencement Date and before the commencement of each Service Year thereafter. The Fuel Management Programme will show the Projected Fuel Liability for the next Service Year, by Month and by ▇▇▇▇▇▇ as calculated in accordance with the Base Case. If during the year to which the Fuel Management Programme relates the price of fuel increases, then the Fuel Management Plan may be revised to reflect only the higher price of fuel not less than 30 Business Days prior to the end of each 3 month period following the start of the Service Year. A revised Fuel Management Plan must be submitted on a similar basis where the price of fuel reduces by 10% or more. 14.4. The Grant for each Service Year will be: (a) the projected cumulative difference between Operating Costs and Revenue, plus the Operator’s Return for that Service Year shown in the Base Case, or a subsequently agreed Revised Base Case, together with (b) the Projected Fuel Liability, as shown in the Fuel Management Programme; or if higher (c) the aggregate amount of Charter Portions in that Service Year. 14.5. The Grant will be paid by Monthly Instalments in accordance with Schedule 13. 14.6. The Monthly Instalment for any Month will be: (a) one twelfth of the projected difference between Operating Costs and Revenue (if a negative figure) plus one twelfth of the Operator’s Return for the relevant Service Year (save for Service Year 1 when Monthly Instalments will include one twelfth of the projected difference between Operating Costs less start up costs and Revenue (if a negative figure) plus one twelfth of the Operator’s Return for the first Service Year and the first instalment will additionally include all start up costs incurred prior to the Commencement Date and subsequent instalments will additionally include any remaining start up costs as set out in the Start Up Plan which are incurred in the Month to which the Monthly Instalment relates), all as shown in the applicable Base Case; together with (b) the Projected Fuel Liability for that Month, as shown in the Fuel Management Programme.
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Calculation of Grant. 1 For example, a service who provides five day service type and opens an equivalent four day service type shall apply a maximum fee rate of four-fifths of the five day service type to the four day service type.
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Related to Calculation of Grant

  • Determination of Gross-Up Payment Subject to sub-paragraph (c) below, all determinations required to be made under this Section 6, including whether a Gross-Up Payment is required and the amount of the Gross-Up Payment, shall be made by the firm of independent public accountants selected by the Company to audit its financial statements for the year immediately preceding the Change in Control (the "Accounting Firm") which shall provide detailed supporting calculations to the Company and the Executive within 30 days after the date of the Executive's termination of employment. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group affecting the Change of Control, the Executive may appoint another nationally recognized accounting firm to make the determinations required under this Section 6 (which accounting firm shall then be referred to as the "Accounting Firm"). All fees and expenses of the Accounting Firm in connection with the work it performs pursuant to this Section 6 shall be promptly paid by the Company. Any Gross-Up Payment shall be paid by the Company to the Executive within 5 days of the receipt of the Accounting Firm's determination. If the Accounting Firm determines that no Excise Tax is payable by the Executive, it shall furnish the Executive with a written opinion that failure to report the Excise Tax on the Executive's applicable federal income tax return would not result in the imposition of a penalty. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm, it is possible that Gross-Up Payments which will not have been made by the Company should have been made ("Underpayment"). In the event that the Company exhausts its remedies pursuant to sub-paragraph (c) below, and the Executive is thereafter required to make a payment of Excise Tax, the Accounting Firm shall promptly determine the amount of the Underpayment that has occurred and any such Underpayment shall be paid by the Company to the Executive within 5 days after such determination. Amended and Restated Change in Control Agreement

  • Calculation of Continuous Service 6.2.1 For the purposes of this Clause (annual leave) service will be deemed to be continuous notwithstanding: 6.2.1.1 Any interruption or termination of the employment by the company if such interruption or termination has been made with the intention of avoiding obligations hereunder in respect of leave of absence;

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Calculation of Consideration Received If any Common Stock, Options or Convertible Securities are issued, granted or sold for cash, the consideration received therefor for purposes of this Warrant will be the amount received by the Company therefor, before deduction of reasonable commissions, underwriting discounts or allowances or other reasonable expenses paid or incurred by the Company in connection with such issuance, grant or sale. In case any Common Stock, Options or Convertible Securities are issued or sold for a consideration part or all of which shall be other than cash, the amount of the consideration other than cash received by the Company will be the fair value of such consideration, except where such consideration consists of securities, in which case the amount of consideration received by the Company will be the Market Price thereof as of the date of receipt. In case any Common Stock, Options or Convertible Securities are issued in connection with any acquisition, merger or consolidation in which the Company is the surviving corporation, the amount of consideration therefor will be deemed to be the fair value of such portion of the net assets and business of the non-surviving corporation as is attributable to such Common Stock, Options or Convertible Securities, as the case may be. The fair value of any consideration other than cash or securities will be determined in good faith by the Board of Directors of the Company.

  • Determination of Net Asset Value The Trustees shall cause the Net Asset Value of Shares of each Series or Class to be determined from time to time in a manner consistent with applicable laws and regulations. The Trustees may delegate the power and duty to determine Net Asset Value per Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent appointed for such purpose. The Net Asset Value of Shares shall be determined separately for each Series or Class at such times as may be prescribed by the Trustees or, in the absence of action by the Trustees, as of the close of regular trading on the New York Stock Exchange on each day for all or part of which such Exchange is open for unrestricted trading.