Responsibility for Calculations Clause Samples

The "Responsibility for Calculations" clause assigns the duty of performing and verifying numerical computations or financial calculations to a specific party under the agreement. This may include tasks such as determining payment amounts, interest accruals, or other quantitative obligations, and often requires the responsible party to provide supporting documentation or calculations upon request. By clearly designating who is accountable for these calculations, the clause helps prevent disputes over numbers and ensures accuracy and transparency in the execution of the contract.
Responsibility for Calculations. All calculations of (i) the Company’s Return on Invested Capital and Relative Total Shareholder Return and (ii) the Earned Percentages of the ROIC Units and the RTSR Units shall be determined by the Committee in the exercise of its sole discretion, and any such calculations shall be final.
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Responsibility for Calculations. All calculations required to be made under Section 3.3.1(b), Section 3.3.1(c), Section 3.3.1(d), Section 3.3.5 and Section 6 will be the responsibility of the Company and confirmed by written notice to the Warrant Agent (or Co-Agent, if applicable) of which can be relied upon for all purposes. (o) Section 7.2 of the Warrant Agreement is hereby amended by deleting such Section and replacing it entirely as follows:
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Responsibility for Calculations. The calculation of mega watt mile allocations in accordance with this methodology shall be performed under the direction of the PTO Administrative Committee (or such subcommittee as the PTO Administrative Committee shall designate for such purpose).
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Responsibility for Calculations. The calculation of megawatt mile allocations in accordance with this methodology shall be performed under the direction of the Reliability Committee.
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Responsibility for Calculations. The calculation of megawatt mile allocations in accordance with this methodology shall be performed under the direction of the Regional Transmission Planning Committee ("RTPC").
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Responsibility for Calculations. The Owner assumes all responsibility for all calculations and figures relating to the determination of the eligible basis and qualified basis of the Project and agrees that the amount of Federal Tax Credit which has been or may be allocated to the Project is calculated by reference to the figures and information submitted by the Owner in its application, including figures as to the eligible basis and qualified basis of the Project.
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Responsibility for Calculations. Except to the extent otherwise set forth in this Indenture, the Company or its agents will be responsible for making all calculations called for under the Debentures and this Indenture. These calculations include, but are not limited to, determination of the Closing Price of the Common Stock, accrued interest payable on the Debentures and the Conversion Rate applicable to the Debentures on any Trading Day. The Company and its agents will make all such calculations in good faith and, absent manifest error, the calculations of the Company and its agents will be final and binding on Debenturesholders. The Company and its agents will provide a schedule of these calculations to the Trustee and the Conversion Agent (if other than the Trustee) as requested or required hereunder, and the Trustee and the Conversion Agent are entitled to conclusively rely upon the accuracy of these calculations without independent verification, and neither the Trustee nor the Conversion Agent will have any responsibility for making any such calculation. The Trustee and/or the Conversion Agent will forward (at the Company’s expense) the Company’s calculations to any Debentureholder upon request of such Debentureholder.
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Related to Responsibility for Calculations

  • Responsibility for Evaluation Within each school the Principal will be responsible for the evaluation of employees assigned to that school. Evaluation will be made by the Principal or a qualified administrator. An employee assigned to more than one school will be evaluated by the Principal of the school in which the employee is assigned for the greater amount of time, with input provided by the Principal of the other school. Any Principal or person charged with the responsibility of evaluation of employees may involve other staff and students in the process if acceptable to the certificated teacher being evaluated.

  • Responsibility for Use (a) The Company alone will be responsible for furnishing, or arranging for a third party to furnish, all data and information required by the Documentation and the specifications therein for the Licensed System to function and perform in accordance with the Documentation, other than the data and information residing in the Licensed System in connection with BNYM’s performance of the Core Services. BNYM shall have no liability or responsibility for any Loss caused in whole or in part by the Company’s or a Permitted User’s exercise of the Licensed Rights or use of the Licensed System or by data or information of any nature inputted into the Licensed System by or under the direction or authorization of Company or a Permitted User; provided, however, this Section 2.5 shall not relieve BNYM of its obligation to act in accordance with its obligations under the Main Agreement. Company shall be responsible and solely liable for the cost or expense of regenerating any output or other remedial action if the Company, a Permitted User or an agent of either shall have failed to transmit properly and in the correct format any data or information, shall have transmitted erroneous or incorrect information or data, or shall have failed to timely verify or reconcile any such data or information when it is generated by the Licensed System (“Data Faults”).

  • Responsibility for Content Vendor is solely responsible for administration, content, intellectual property rights, and all materials at Vendor’s website. DIR reserves the right to require a change of listed content if, in the opinion of DIR, it does not adequately represent the Contract.

  • Responsibility for Charges 4.1 FTCS shall be responsible for and pay to Verizon all charges for any Telecommunications Services provided by Verizon or provided by persons other than Verizon and billed for by Verizon, that are ordered, activated or used by FTCS, FTCS Customers or any other persons, through, by means of, or in association with, Telecommunications Services provided by Verizon to FTCS pursuant to this Resale Attachment. 4.2 Upon request by FTCS, Verizon will provide for use on resold Verizon retail Telecommunications Service dial tone lines purchased by FTCS such Verizon retail Telecommunications Service call blocking and call screening services as Verizon provides to its own end user retail Customers, where and to the extent Verizon provides such Verizon retail Telecommunications Service call blocking services to Verizon’s own end user retail Customers. FTCS understands and agrees that certain of Verizon’s call blocking and call screening services are not guaranteed to block or screen all calls and that notwithstanding FTCS’s purchase of such blocking or screening services, FTCS’s end user Customers or other persons ordering, activating or using Telecommunications Services on the resold dial tone lines may complete or accept calls which FTCS intended to block. Notwithstanding the foregoing, FTCS shall be responsible for and shall pay Verizon all charges for Telecommunications Services provided by Verizon or provided by persons other than Verizon and billed for by Verizon in accordance with the terms of Section 4.1 above.

  • Responsibility for Costs The Servicer is responsible for collection from such Borrower of any recording or similar costs or expenses incidental to the granting of relief with respect to a delinquent Mortgage Loan.