Intangible Transition Charges Adjustments Sample Clauses

The Intangible Transition Charges Adjustments clause defines how charges related to intangible assets, such as intellectual property or goodwill, are recalculated or modified during a transition period. In practice, this clause outlines the circumstances under which these charges may be increased or decreased, such as changes in regulatory requirements or shifts in asset valuation, and specifies the process for making such adjustments. Its core function is to ensure that the financial impact of intangible assets is fairly and accurately reflected during transitions, thereby preventing disputes and maintaining financial clarity between parties.
Intangible Transition Charges Adjustments. (a) Prior to each Calculation Date, the Servicer shall calculate (i) the Transition Bond Balance as of the Payment Date immediately preceding such Calculation Date (a written copy of which shall be delivered by the Servicer to the Bond Trustee within five days following such Calculation Date) and (ii) the revised Intangible Transition Charges with respect to the Transferred Intangible Transition Property for the then-current Regulatory Period and any subsequent Regulatory Periods until a Payment Date occurs, such that the Servicer projects that ITC Collections therefrom allocable to the First Issuer will be sufficient so that (x) the outstanding principal balance of each outstanding Series will equal the amount provided for in the Expected Amortization Schedule therefor and the amount on deposit in the Overcollateralization Subaccount will equal the Calculated Overcollateralization Level, by the next Adjustment Date or the immediately succeeding Payment Date after such Adjustment Date as specified in the Series Supplement therefor or, if earlier with respect to any Series or Class of Transition Bonds, by the Expected Final Payment Date therefor, taking into account the Available Reserve Amount. (b) On each Calculation Date, the Servicer shall (i) file an Adjustment Request with the PUC for such revised Intangible Transition Charges with respect to the Transferred Intangible Transition Property to remain in effect until the earlier of (A) the effective date of the next Intangible Transition Charges Adjustment with respect to the Transition Bonds, (B) the Expected Final Payment Date for any Series or Class of Transition Bonds and (C) December 31, 2010, (ii) take all reasonable actions and make all reasonable efforts in order to effectuate such revision to such Intangible Transition Charges and (iii) promptly send to the Bond Trustee copies of all material notices and documents relating to such revision.
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Intangible Transition Charges Adjustments. The Servicer shall perform the calculations and take the actions relating to revising the Intangible Transition Charges, in each case set forth in each Issuer Annex to this Agreement.
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Intangible Transition Charges Adjustments. The Servicer shall perform the calculations and take the actions relating to adjusting the Intangible Transition Charges, as set forth in Annex 1.
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Intangible Transition Charges Adjustments. 25 208 Contents, p. ii
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Intangible Transition Charges Adjustments. 27 Contents, p. ii ARTICLE V The Servicer
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Related to Intangible Transition Charges Adjustments

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Termination Charges Any provision requiring the Agency to pay a fixed amount or liquidated damages upon termination of the agreement is hereby deleted. The Agency may only agree to reimburse a Vendor for actual costs incurred or losses sustained during the current fiscal year due to wrongful termination by the Agency prior to the end of any current agreement term.

  • 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.

  • Direct Charges To the extent Cash-based Expenses are incurred by the Contractor, the Contractor shall be reimbursed for reasonable and necessary actual direct costs incurred (e.g., equipment, supplies, travel and other costs directly associated with the performance of the Agreement) to the extent required in the performance of the Work and to the extent such costs are anticipated in the Budget. Travel, lodging, meals and incidental expenses shall be reimbursed for reasonable and necessary costs incurred. Costs shall not exceed the daily per diem rates published in the Federal Travel Regulations. Reimbursement for the use of personal vehicles shall be limited to the Internal Revenue Service business standard mileage rate in effect at the time the expense was incurred.