Estimate of First Year Subsidy Sample Clauses

Estimate of First Year Subsidy. The amount of the subsidy to be paid to AC Transit by TIMMA will be calculated annually as part of the budget process based on agreed upon service levels and operating assumptions. AC Transit and TIMMA will meet and confer at least 12 months prior to the start of service to finalize schedules, costs and AC Transit Operating Subsidy requirements for the initial service year. The amount of the subsidy to be paid to AC Transit by TIMMA will incorporate incremental federal formula funding for maintenance received by AC Transit as a result of the Treasure Island line. TIMMA’s subsidy owed will be credited for the amount of additional maintenance and operations formula funding received by AC Transit as a result of the TI line. TIMMA reserves the right to audit the AC Transit Annual Operating Subsidy and unit operating and maintenance costs.
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Related to Estimate of First Year Subsidy

  • End of Fiscal Years The Parent and the Borrower will maintain their fiscal year ends as in effect on the Effective Date.

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Use of First Samples Drawn For the purposes of all samples (Discovery Sample(s) and Full Sample(s)) discussed in this Appendix, the Paid Claims selected in each first sample shall be used (i.e., it is not permissible to generate more than one list of random samples and then select one for use with the Discovery Sample or Full Sample).

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.