Note Factor means, with respect to the Notes or any Class of Notes on any Payment Date, a six-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such Class of Notes, as applicable, as of the Closing Date. Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A. Home equity is then cappedusing the factor times the computed income.įorecast Factor less =IF(E25=“n/a”,0, IF(F25=“n/a”,X00, XX(XXX(X00>0, F18>0), E25,0))) =E29/$E$10 Cap Factor less =IF(F25=“n/a”,0,F25) =E30/$E$10 Final USS Costs =E28-E29-E30 =E31/$E$10 O&M Adjustment Shares Invoiced O&M Costs =E28 Actual O&M Costs =E15 Actual vs.Ī review of the LTCE ( Cap Factor) over a number of years shows that in 2005 the parties to the Living Murray were aware that its configuration at that point did “not encourage the purchase of supplementary allocations as its long term Cap equivalent may reduce over time” (MDBC 2005, p.Ī $500,000 credit appears on the ba nk statement of the Capital Links account, crediting the account on December 31, 1997.Ī review of the LTCE ( Cap Factor) over a number of years shows that in 2005 the parties to the Living Murray were aware that its configuration at that point did ‘not encourage the purchase of supplementary allocations as its long term Cap equivalent may reduce over time’ (MDBC 2005, 52). The system multiplies this value with total income to adjust the value of the home.Home Equity Cap Factor Enter a cap factor from 0.0 to 9.9. The higher the Cap Factor the more Gigalitres the state can claim to have purchased for the environment.įorecast Factor less =IF(E25=“n/a”,0,IF(F25=“n/a”, X00,XX(XXX(X00>0, X00>0),X00,0))) =E29/$E$10 Cap Factor less =IF(F25=“n/a”,0,F25) =E30/$E$10 Final USS Costs =E28-E29-E30 =E31/$E$10 O&M Adjustment Shares Invoiced O&M Costs =E28 Actual O&M Costs =E15 Actual vs. Nevertheless, by 2007 a Cap Factor of 0.373 had been assigned to Lower Darling Supplementary Licences in New South Wales providing some incentive for their purchase4. Forecast Factor less ***** ***** Cap Factor less ***** ***** Final USS Costs ***** ***** O&M Adjustment Shares Invoiced O&M Costs ***** Actual O&M Costs ***** Actual vs.Ĭap Factor A cap factor (“CF”) is calculated quarterly, such that no individual constituent in an Index will have a weighting exceeding a cap level of 10.00% on the index capping date.
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