Calculation Procedure Sample Clauses

Calculation Procedure. Average Daily Balance + Clearance Pattern: I = {ADB x R} + {P x r x T}, where I = State's total interest liability ADB = Average Daily Balance of cash in a program's account, measured from deposit to clearance R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year P = Total annual expenditures of Federal funds for program or component cash flow of program r = R/365 days T = Dollar-weighted average day of clearance, as determined by the appropriate clearance pattern in Exhibit II

Calculation Procedure. The basic formula for calculating interest liabilities shall be: 1/365 times the annualized 13-week Treasury Bill rate times the number of whole days as determined above, times the dollar amount of the transaction.

Calculation Procedure. The State shall use the following formula to calculate interest on each component cash flow: I = [A x i x (CT - PIT)] / 365 "I" represents the State interest liability for a major object or component cash flow. "A" represents the total amount of funds drawn/disbursed under the major object or component cash flow. It will be assumed that the amount of disbursements recorded is consistent with the amount of funds drawn to support those disbursements.

Calculation Procedure. Interest liability for each program shall be calculated by applying the following formula: Net Daily Balance I = NDB X R where I = State or Federal Government's total interest liability NDB = Net Daily Balance of cash in a program's account R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during the State's fiscal year. The interest liability calculations shall be based on whole days.

Calculation Procedure. Segment A: The Time of the recording of the receipt by the Comptroller to the issuance of the warrant. [Average Daily Balance] * [Interest Rate] Segment B: The time from the issuance of the warrant to the presentation of the warrant to the Treasury for payment. ([Program Total] - [CMIA Covered Share of EFT]) * [Payroll % of Warrants] * [Interest Rate] * [Payroll Average Clearance Pattern/365] AND ([Program Total] - [CMIA Covered Share of EFT]) * [Non-Payroll % of Warrants] * [Interest Rate] * [Non-Payroll Average Clearance Pattern/365] Interest Liability = Segment A + Segment B

Calculation Procedure. The State's interest liability for all programs except those described in 10.4, 10.5, 10.6, 10.7, 10.8, 10.9 shall be calculated by applying the following formula: Pre-Issuance Time + Clearance Time I = P x r x (PI + CT) where I= State's total interest liability for direct program expenditures P= Total annual expenditures of Federal Funds for direct program expenditures subject to pre-issuance interest calculation. r= Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year divided by 365 days. PI= Number of days Federal funds are held by State prior to warrant issuance CT= Dollar-weighted average number of days Federal funds are held by State between issuance and clearance of warrants, as determined by the appropriate clearance pattern in Exhibit II

Calculation Procedure. (a) The State's interest liability for each program shall be calculated by applying the following formula: I=[Pxrx(CT-A]; where, I=State's total interest liability for program (or component cash flow of program). P=Total annual receipts of Federal funds for program (or Component cash flow of program). r=Annualized rate equal to the average bond equivalent yield of 13-week Treasury bills auctioned during a State's fiscal year divided by the number of days in the State's fiscal year. CT=Dollar-weighted average number of days between the date that the warrant and EFT transaction request vouchers are submitted to voucher audit and the date the funds are paid out for program purposes and debited from a State account, as determined by the appropriate clearance pattern. A=Based upon request of Federal funds in accordance with Exhibit I, number of days Federal funds are expected to be received into a State account after the day that warrant and EFT transaction request vouchers were submitted to voucher audit. (b) The State's interest liability for the balance in the WIC bank account (CFDA 10.557) shall be calculated by the following formula: I = ADB x R, where I = State's total interest liability ADB = Average Daily Balance of cash in a program's account R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year (c) The State's interest liability for CFDA 93.778 is calculated in two parts. The interest liability associated with the funds deposited in the State Treasury shall be calculated according to Part (a) above. After the funds have been credited to the MAP bank account, the State's interest liability for the balance in the MAP bank account and for the Special Purpose Investment Account shall be calculated by the following formula: I = ADB x R; where, I = State's total interest liability ADB = Average Daily Balance of cash in a program's account R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year

Calculation Procedure. Standard calculation F(x) , where Δx ≦ 0.001 η(ja) η(lg(ja)) η(jc) η(lg(jc))

Calculation Procedure. (i) ANSYS shall prepare in accordance with GAAP (as modified by this Agreement), as soon as practicable after the end of each of the calendar years 2000 and 2001, a report containing a statement of income of the PMAC Group for the twelve months then ended as of the close of business on December 31 of each such period, in each case together with a certificate of an officer of ANSYS which states that the report was prepared in accordance with this Agreement, and sets forth for the period under examination the applicable calculation of EBITDA, Expenses, and the Revenue Formula and sets forth all adjustments required to be made to such financial statements in order to make the calculations required under this Section 1.5 (the "Annual Determination"). A copy of each such Annual Determination shall be delivered to the Stockholders' Representative not later than 45 days after the end of the calendar year to which such Annual Determination relates, provided that no delay shall be considered in breach of this Agreement if ANSYS has used its best efforts to complete such Annual Determination but any entity in the PMAC Group, any Stockholder or either of Mr. Wulf and Mr. Sterberl have not used the▇▇ ▇▇▇▇ efforts in preparing and delivering data needed for, or otherwise cooperating in the completion of, the Annual Determination. (ii) If the Stockholders' Representative does not agree that any Annual Determination correctly states the applicable EBITDA, Expenses, and Revenue Formula calculation for the period under examination, he shall promptly (but not later than 20 days after the delivery of such Annual Determination) give written notice to ANSYS of any exceptions thereto, such notice to set forth in reasonable detail each disputed item or amount and the basis for the Stockholders' Representative's disagreement therewith, together with supporting calculations. If the Stockholders' Representative and ANSYS reconcile their differences, the Annual Determination shall be adjusted accordingly and shall thereupon become binding final and conclusive upon all of the parties hereto and enforceable in a court of law. If the Stockholders' Representative and ANSYS are unable to reconcile their differences in writing within 20 days after written notice of exceptions is delivered to ANSYS (the "Reconciliation Period"), the items in dispute shall be submitted to an independent accounting firm of national standing in the United States in terms of gross revenue (the "Independent Aud...